"我相信中国将成为我们最大的国际市场，我们对在中国的增长非常坚定。"Vuori国际业务高级副总裁 Andy Lawrence近日在北京接受21世纪经济报道记者专访时表示，在中国门店及其电商业务整体表现皆 超出预期。 根据规划，Vuori将于年底前在北京再开设一家新店，并逐步进入深圳、成都等核心城市。Lawrence强 调，品牌将采取审慎的扩张策略，聚焦一线城市及周边区域，避免分散布局多个城市。下一阶段重点城 市包括深圳与成都。 值得注意的是，Vuori的北京首店选址于国际运动品牌竞争激烈的三里屯商圈，与Lululemon正面交锋， 而据传同样源自美国的Alo Yoga也即将入驻。这片"兵家必争之地"反映出中国运动休闲市场的持续升 温。据中研普华产业研究院数据，截至2024年底，中国瑜伽市场规模已突破800亿元，年复合增长率保 持在15%以上，成为国际品牌重点布局的蓝海市场。 作为后起之秀的Vuori自然也不愿错过中国市场的商机。在产品层面，Lawrence观察到中国消费者对 Vuori的创新面料以及更具趋势感的廓形展现出了较高的认知度和青睐。此外，他特别指出，中国消费 偏好正逐渐转向更低调的标识与自然色系，与 ...

沉浸式互动体验打造客流新高地 消费市场向"理性化、价值化、体验化"深度转型，现代家庭对"高品质、强体验、高性价比"的复合需求 显现。9月28日，斯凯奇儿童全国首家舒适乐园店落子无锡，重新定义儿童奥莱购物新模式，以"零售 +体验"的深度融合，为行业树立了家庭消费场景创新的新范本。 针对传统儿童零售"家长等待、孩子枯燥"的普遍痛点，斯凯奇儿童创新性地将"乐园"理念深度融入实体 零售空间，在店内打造沉浸式互动娱乐区。该区域内不仅设置了能激发孩子创造力的乐高墙，更引 入"触摸星球"智能互动设施，显著提升购物趣味性与体验感，成功将门店从"购物场所"升级为"家庭休 闲新目的地"。店铺还充分而巧妙地利用露天平台资源，专项打造"乐园亲子平台"，通过增设轻量游乐 设施、举办手工DIY、亲子趣味挑战赛等主题活动，有效延长家庭客群停留时间，增强场景差异化竞争 力。业内专家表示，此次斯凯奇儿童全国首家舒适乐园店的焕新，并非简单的门店形态升级，更是品牌 对"体验式零售"的一次深度战略实践。通过产品、空间与体验三大维度的创新整合，为中国家庭提供更 多元、更有趣的消费选择，也为品牌未来在全国更多区域推进同类门店提供了范本。 "城堡乐园"形 ...

新华社北京9月10日电（记者吴博文）记者10日从发布会上获悉，2025中国运动休闲大会暨山东省 体育消费季（日照）主会场活动将于9月26日至28日在山东省日照市举办。 中国体育报业总社有限公司副总经理张晓琳介绍，中国运动休闲大会已连续两年在日照成功举办， 累计开展超百场精品赛事，年均吸引数十万人次参与。近年来，活动内容更加丰富、品质不断升级、价 值逐年提升，不仅为广大运动爱好者提供了优质的参赛体验，还带动日照经济发展，实现"流量"变"增 量"的良性循环。 活动由中国体育报业总社有限公司、山东省体育局、日照市人民政府主办。 本次活动主题为"新体旅 新消费 新活力"，主会场设在日照万平口广场，并串联全长28公里的阳光 海岸绿道。 活动设置万平口滨海万人畅走骑游赛、"千船竞发"船艇赛两大板块，同时举办中华名人垂钓俱乐部 海钓赛和刘家湾赶海园趣味赶海赛等赛事活动。 山东省体育局副局长栾风岩表示，近年来山东省充分发挥体育的多元功能和综合价值，积极推动体 育与旅游、文化等产业深度融合，深化打造"好运山东"体育品牌，不断为经济社会发展注入新动力。山 东省将以本次活动为契机，打造更多精品体育旅游目的地，加快推动全省运动休闲产 ...

Core Viewpoint - Lululemon Athletica reported strong earnings for Q2, exceeding market expectations, but sales fell slightly short, leading to a second consecutive downward revision of its full-year guidance [1][2] Financial Performance - Q2 earnings per share were $3.10, significantly above the analyst expectation of $2.86 [1] - Revenue grew 7% year-over-year to $2.53 billion, slightly below the market expectation of $2.54 billion [1] - Comparable store sales increased by only 1%, far below the expected 3.7% growth [1] Market Performance - North American core business remains under pressure, with comparable store sales in the Americas declining by 4% [1] - The management attributed the weak demand in North America to a slowdown in the overall growth of the athleisure industry and increased competition [1] - International markets showed strong performance, with comparable store sales in China increasing by 17% and other regions growing by 12% [1] Guidance Revision - The company revised its full-year revenue guidance for FY2025 to between $10.85 billion and $11 billion, down from the previous forecast of $11.15 billion to $11.3 billion [2] - Expected earnings per share were adjusted to $12.77 to $12.97, significantly lower than the prior estimate of $14.58 to $14.78 [2] - The new guidance includes an estimated $240 million reduction in gross profit due to changes in trade policies, including higher tariffs and the removal of tax exemptions [2] Investor Sentiment - Following the earnings report, Lululemon's stock price fell over 15% in after-hours trading, reflecting investor concerns about the recovery prospects in the U.S. market and profit pressures [2] - Year-to-date, the company's stock has declined nearly 50%, indicating significant investor apprehension regarding its performance [2]

Group 1 - Michael Burry has shifted from bearish to bullish positions in the stock market, indicating a change in his investment strategy [1][2] - Burry's Scion Asset Management converted six put options into nine call options, with notional values of $186 million and $522 million respectively [1] - The updated portfolio shows Burry's holdings have increased from seven positions to fifteen, including bullish bets on Estee Lauder and Lululemon, and call options on Alibaba and JD.com [1][2] Group 2 - Peter Mallouk noted that Burry's first-quarter portfolio suggested he believed tech stocks were overvalued and expected a significant pullback [2] - The S&P 500 index has risen over 28% since its low in April, reflecting a broader market recovery that Burry seems to be betting on [2] - Gerry Fowler described Burry's portfolio as opportunistic and contrarian, as he shifted from short positions on Alibaba and JD.com to long positions [2][3] Group 3 - Burry's bullish positions indicate he is not heavily relying on debt for financing, as options require less capital than purchasing underlying stocks [3] - Daniel Bustamante highlighted Burry's investments in struggling companies like Estee Lauder and VF Corp as turnaround plays, with new leadership aiming to revitalize sales [3] - Concerns were raised about Burry's bullish stance on Lululemon due to the recent departure of its chief product officer, which could impact the company's performance [3] Group 4 - Using options allows Burry to manage risk while potentially achieving asymmetric returns if any of the distressed companies rebound [4] - Burry's previous successful bet against the housing bubble in the mid-2000s was also characterized by asymmetric risk and reward [5]

Core Viewpoint - Canada Goose Holdings Inc. is considering selling part or all of its shares held by Bain Capital, which has attracted interest from private equity firms amid declining sales and stock prices [4][12][16]. Company History - Canada Goose was founded in 1957 in Toronto, initially as a niche brand for cold-weather functional wear, and transformed into a global luxury brand with the help of Bain Capital, which acquired it in 2013 [4][5][6][7]. - The company expanded its product line significantly and launched e-commerce platforms and flagship stores globally, achieving a peak market value of over $7.8 billion [7][12]. Market Performance - Sales growth has been declining, with revenue growth rates of 21.54%, 10.84%, and 9.6% for fiscal years 2022, 2023, and 2024, respectively, dropping to 1.1% in fiscal year 2025 [12]. - The company's market capitalization has fallen from a peak of $7.8 billion to $1.36 billion, a loss of over $6.4 billion [13]. Challenges in China - Canada Goose's performance in China has deteriorated due to issues such as false advertising penalties and negative public sentiment, leading to a 1.7% decline in revenue when adjusted for fixed exchange rates [14][15]. - The company has faced increased competition from domestic brands like Bosideng and other foreign luxury brands, resulting in a significant drop in sales [14][15]. Management Changes - Canada Goose has undergone multiple changes in its China management team, indicating a sense of urgency to address declining performance in the region [15]. Potential Sale - Bain Capital, which holds 60.5% of Canada Goose's voting shares, is exploring the sale of its stake, viewing this as an opportune time to lock in returns [16]. - There is interest from private equity firms in acquiring Canada Goose, reflecting a broader trend of restructuring in the global consumer market [18]. Broader Market Trends - The current high inflation and interest rate environment have made luxury and essential goods more attractive to investors, leading to increased merger and acquisition activity in the consumer sector [18][19]. - Notable recent acquisitions in the consumer space include 3G Capital's $9.4 billion purchase of Skechers and various deals involving Starbucks China and other brands [19][20].

Core Viewpoint - Canada Goose Holdings Inc. is considering selling part or all of its shares held by Bain Capital, which has attracted interest from private equity firms amid declining sales and stock prices [3][9][11]. Company History - Canada Goose was founded in 1957 in Toronto and initially focused on functional cold-weather gear before transforming into a global luxury brand with the help of Bain Capital, which acquired the company in 2013 [6][7]. - The brand gained significant recognition through product placements in films and sponsorships of major film festivals, leading to sales exceeding $100 million by 2013 [6][7]. Recent Performance - Sales growth has significantly slowed, with revenue growth rates of 21.54%, 10.84%, and 9.6% for fiscal years 2022, 2023, and 2024, respectively, and a projected drop to 1.1% for fiscal year 2025 [9]. - The company's market value has plummeted from a peak of $7.8 billion to $1.36 billion, resulting in a loss of over $6.4 billion [9]. Market Challenges - Canada Goose has faced challenges in the Chinese market, including penalties for false advertising and a decline in brand perception due to negative publicity [10]. - Increased competition from domestic brands like Bosideng and other luxury brands has further pressured Canada Goose's market position [10]. Management Changes - The company has undergone multiple leadership changes in its China operations, indicating a sense of urgency to address declining performance [10]. Potential Sale - Bain Capital, which holds 60.5% of Canada Goose's voting shares, is reportedly exploring the sale of its stake, viewing this as an opportune exit point to realize returns [11]. Industry Trends - The current market environment, characterized by high inflation and interest rates, has led to increased interest in luxury and essential goods, prompting a surge in mergers and acquisitions in the consumer sector [13][16]. - Potential buyers for Canada Goose may include Chinese investment firms, reflecting a broader trend of acquiring international brands' operations in China [16].