Barclays analysts have adopted a bearish stance on the retail sector, downgrading three major brands: Adidas (ADS.DE), Burberry (BRBY.L), and Kering (KER.PA)...
). This move comes as the analyst team observed continued weakness in China's consumer market, which they believe could weigh on the performance of these companies going forward.We're taking a look at some trending stories here, starting with Barclays analysts downgrading three retailers Adidas , Burberry and caring, citing weakness in the Chinese economy.
It's also worth noting that for the consumer in the Asia Pacific region, and especially in China, there has been a noted sense that there's more annexation of the mind share to some of the homegrown brands.And then additionally, Burberry that you were seeing there on the screen carrying included, too slipping.
They are repositioning their business just a little bit to accommodate for what has proven to be much slower growth than anticipated.Not necessarily a huge surprise, given the fact that even what we just heard from our last guest, Brian, they are telling us that the sluggish recovery that we're seeing here in China will likely take longer.
Burberry Retail Sector Barclays Seana Smith Kering Major Brands
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