Group 1 - Hong Kong's retail sales increased by 2.4% year-on-year in May [1] - The sales volume also saw a year-on-year growth of 1.9% [1]

Core Insights - Australia's retail sales in May increased by 0.2% month-on-month, which is below the forecasted growth of 0.5% [1] Group 1 - The actual retail sales growth of 0.2% indicates a slower performance compared to market expectations [1]

Investment Rating - The report maintains an "Overweight" rating for Anta Sports [1] Core Insights - Anta Sports has continued the stable trend observed in the first quarter of this year, supported by healthy inventory levels and optimistic sales and performance [1] - The target price for Anta Sports has been raised from HKD 140 to HKD 142 [1] - The retail sales guidance for Anta Sports remains unchanged, with expected growth rates of high single digits for Anta, mid single digits for Fila, and over 30% for other brands [1] - The operating profit margin guidance is maintained, with expected margins of 20% to 25% for Anta, approximately 25% for Fila, and 25% to 30% for other brands [1] - Due to increased investment in MaiaActive and the planned acquisition of JackWolfskin to be completed in June, the earnings forecast for Anta Sports for 2025 to 2027 has been raised by 1% to 2% [1]

Core Insights - UK retail sales surged in April, continuing a strong trend from earlier in the year, indicating consumer resilience amid rising bills and global trade tensions [1] - Retail sales increased by 1.2% month-on-month in April, marking the fourth consecutive month of growth, surpassing economists' expectations of 0.3% [1] - The warm and sunny weather in April contributed to the retail sales growth, with strong performance across most sectors [1] Retail Performance - Categories such as food and alcohol saw sales growth, reflecting consumer spending despite economic challenges [1] - The report coincided with the period following the announcement of tariffs by Trump, during which UK households faced significant increases in utility bills, train fares, and local government taxes [1] Consumer Confidence - A separate report indicated a slight rebound in UK consumer confidence in May after being impacted by Trump's tariffs in April, with consumers feeling more optimistic about their financial and economic situations [1] - Consumers expressed a greater willingness to purchase big-ticket items such as cars and furniture [1] Economic Outlook - According to Alex Kerr from Capital Economics, this marks the first time since 2015 (excluding the pandemic period) that retail sales have increased for four consecutive months, although he cautioned that this growth may not be sustainable [2] - Following the release of stronger-than-expected data, the British pound maintained its upward trend against the US dollar, rising by 0.3% to 1.3461, nearing its highest level since 2022 [2]

Group 1 - The core point of the article highlights that UK retail sales in April increased by 5% year-on-year, surpassing the expected growth of 4.5% and significantly higher than the previous value of 2.6% [1]

Group 1 - Singapore's retail sales in March increased by 1.1% year-on-year [1]

Group 1 - Switzerland's retail sales in March increased by 2.2% year-on-year, compared to a previous value of 1.60% [1]

Group 1 - Retail sales in Russia increased by 2.2% year-on-year in March [1] - Month-on-month retail sales growth was recorded at 2.8% [1]

Core Insights - Russia's retail sales increased by 2.2% year-on-year, falling short of the expected growth of 2.8% [1] Group 1 - The actual growth rate of retail sales in Russia indicates a slower performance compared to market expectations [1]

Group 1 - Japan's retail sales in March increased by 3.1% year-on-year, which is below the expected growth of 3.5% [1] - The previous month's retail sales growth was recorded at 1.4% [1]