随着人工智能主题交易的估值升至历史高位，华尔街正启动一轮从成长股向价值股的结构性轮动。彭博 社调查显示，经济学家预计2026年美国经济将在消费支出拉动下增长2.1%，这一宏观背景正引导资金 从估值过热的科技板块，流向此前表现滞后、与实体经济复苏及中产阶级消费能力直接挂钩的价值股领 域。 高盛在1月6日致投资者的报告中表示： 高盛最新观点指出，在人工智能热潮可能放缓之后，美国"中产消费"有望成为推动2026年美股牛市的关 键动力。 高盛策略师Ben Snider及其团队指出，随着美国经济预期增长，重心应转向受益于中产阶级消费扩张的 公司，特别是那些销售"改善型"和"体验型"商品与服务的领域。 该团队看好提供"想要拥有"（Want-to-Have）而非"必须拥有"（Need-to-Have）产品的企业，如高档服 饰零售商、家居用品制造商、旅游运营商及赌场。他们认为，特朗普关税政策的负面影响消退、劳动力 市场企稳以及前期立法带来的税收返还，将共同提振消费者信心与支出能力。 市场数据已初步印证这一趋势：标普零售精选行业指数年内上涨3.5%，自去年11月假日购物季启动以 来累计涨幅达8.8%。该指数涵盖CarMax、E ...

新老品牌竞争激烈，要销量也要高质量。 胡安安惊喜发现，北京SKP这里Norrøn的围挡在最近围起来了。 作为一个资深户外爱好者，胡安安几乎买遍了市面上所有的户外品牌。但和很多追求新鲜、潮流的人一样，当一些品牌流行起来成为"街牌"后，他也开始寻 找更小众的，"户外圈含'鸟'量太高，需要找点不一样的。" 回顾2025年的体育市场，虽然没有奥运会、世界杯这样的大型赛事驱动，但在中国，全民体育带动了相关产业的消费，据央视新闻报道，2025年全国运动装 备市场规模将达6021亿元，同比增长14.2%。 各个体育品牌之间的竞争更激烈了。在商场里，人们会发现，原本属于美妆、时尚潮牌的店面变成了体育品牌，不少还是首次进驻中国的"新面孔"。在这片 热海中，那些进入中国市场多年的"老"品牌也不甘示弱，在原本擅长的领域之外寻找新的突破点，有些获得了成功，有些则在艰难转型。 新面孔"攻占"购物中心 对于中国消费者来说，创立于1929年的Norrøna或许有些陌生，但在国际户外圈内，它的名声并不亚于始祖鸟，价格亦可比肩。 直到2025年，Norrøna才进入中国市场，今年10月，Norrøna在上海嘉里中心开出了第一家线下体验店。品牌 ...

2025越山向海人车接力赛海南站的圆满收官，标志着年度赛程的结束，也见证了京东运动与赛事携手走 过的又一段征程。未来，京东运动将继续赞助顶级赛事、完善赛事服务体系，以最全最专业的运动装 备，陪伴每一位热爱运动的消费者奔赴热爱。 在线下护航的同时，京东运动在线上构建了一站式专业运动专属会场。汇聚跑步、训练、户外、骑行等 多品类专业运动装备，携手众多知名品牌推出跨品类联名推荐与专属优惠。无论是备战装备选购，还是 赛后焕新计划，用户均可一站式购齐，轻松选购专业的运动产品。 越山向海赛事源自美国"Hood to Coast"赛事，距今已有40余年历史。该赛事于2017年落地张家口，历经 九年的沉淀与积累，已成为中国跑圈的经典赛事。本届赛事以"无团队，不山海"为主题，汇聚全球数百 支队伍，以五人一车的接力方式，共同穿越琼海与万宁，在"国家海岸一号风景道"上，以奔跑见证海南 新貌。 本报讯(记者袁传玺)近日，2025越山向海人车接力中国赛.海南站在万宁圆满收官。作为本届比赛的金牌 赞助商及指定运动装备平台，京东运动提供了专业运动装备、丰富有趣的互动环节以及全方位参赛保 障，为选手的奔跑之路保驾护航。京东运动还携手众多品牌 ...

Core Insights - The 2025 Yueshan Xianghai Relay Race in Hainan successfully concluded, with JD Sports serving as the gold sponsor and designated sports equipment platform, providing professional gear and comprehensive support for participants [1][4] - JD Sports collaborated with various brands to offer a one-stop shopping solution for professional sports equipment, catering to sports enthusiasts [1][4] Group 1: Event Highlights - On the race day, JD Sports set up brand exhibition and interactive game areas at the starting point, allowing participants to experience engaging activities while learning about professional sports gear [3] - Participants received a race pack that included essential items such as ice sleeves, headlamps, reflective vests, and personal care products to enhance their performance [3] - JD Sports ensured participants were well-supported throughout the event by providing hydration and energy supplies, as well as setting up an interactive welfare station at the finish line [3] Group 2: Special Features - A dedicated medal was introduced for the challenging "Daily Thousand Miles Segment," which was the longest segment of the race at 14.5 km, aimed at motivating participants to overcome difficulties [3] - The event, inspired by the American "Hood to Coast" race, has become a classic in China's running community since its introduction in 2017, featuring hundreds of teams in a relay format [4] - The successful conclusion of the Hainan station marks the end of the annual race schedule and highlights JD Sports' ongoing commitment to sponsoring top-tier events and enhancing service systems for sports enthusiasts [4]

Core Insights - The core theme of the article is the significant growth of sports consumption in China, which is seen as a driving force for the sports industry and the broader economy in 2025 [2][15]. Group 1: Sports Consumption Trends - Sports consumption is categorized into three main types: participatory, physical goods, and spectator consumption, with additional derivative spending on transportation, dining, and accommodation [2]. - The growth of the sports consumption demographic is attributed to an increasing sports culture that spans various age groups, driven by the success of Chinese athletes on the international stage [3]. Group 2: Policy Changes and Strategic Shifts - The transition from the "46 Document" to the "31 Document" marks a strategic shift in policy focus from merely promoting sports consumption to actively releasing its potential [4][6]. - The "31 Document" aims to cultivate a sports industry with a total scale exceeding 7 trillion yuan by 2030, emphasizing the importance of stimulating consumer demand [6]. Group 3: Economic Impact of Events - Events are identified as the core pillar of the sports industry and a crucial scene for sports consumption, with the success of events like the "Su Super League" demonstrating the potential for economic growth [9][11]. - The "Su Super League" attracted over 2.43 million attendees in a season, contributing to a 9.9% growth in the sports industry sales in Jiangsu province [11]. Group 4: Future Outlook and Structural Changes - The article suggests that sports consumption is evolving from a focus on purchasing equipment and watching events to a more complex model that includes participation, emotional value, and social experiences [17]. - The sports consumption market is expected to continue growing as it becomes more integrated into daily life and urban economic activities, driven by ongoing policy support and consumer demand for healthier lifestyles [15][17].

彪马获得超过6亿欧元的额外融资 Puma日前宣布已获得超过6亿欧元的额外融资，包括5亿欧元过渡贷款及1.08亿欧元已确认信贷额度，期限均为两年。 该融资将为其现有12亿欧元循环信贷额度提供过渡性流动支持，提升整体融资灵活性。值得注意的是，此前有消息称，Puma主要股东、法国Pinault家族 正考虑出售其约29%的持股。 安踏集团和敏基金会获评最高等级5A级社会组织 近日，福建省民政厅发布公告，安踏集团和敏基金会在社会组织评估中，获评最高等级5A级社会组织，这标志着和敏基金会在规范化运作、专业能力与 社会公信力等多维度获得了权威认可。 截至 2025 年 9 月，该行业皮革出口额达 8100 万欧元。西班牙仍是其最大出口目的地，尽管出口额下降 4.6%，但总额仍达 1700 万欧元；对意大利的出口 额增长 8.7%，达 1300 万欧元；而对法国的出口表现尤为亮眼，激增 31.2%，出口额达 1100 万欧元。 | 序号 | 类别 | 社会组织名称 | 等级 | | --- | --- | --- | --- | | 1 | ਲ ਦੇ ਸਾਲ ਰਿੱ | 福建省兴业证券慈善县金会 | 5A | | 2 | 慈 ...

联合国难民事务高级专员菲利普·格兰迪（Filippo Grandi）与部分与会者在2025年全球难民论坛中期回顾闭幕式现场。© UNHCR/Pierre Albouy 新浪财经ESG评级中心提供包括资讯、报告、培训、咨询等在内的14项ESG服务，助力上市公司传播ESG理念，提升ESG可持续发展表现。点击 查看【 ESG评级中心服务手册】 在12月15日至17日举行的第二届全球难民论坛中期回顾上，与会各方作出了超过30项新的承诺，再次彰显了国际社会对改善难民及接收社区生活的团结精神 与坚定支持。 此次会议期间宣布的新承诺涉及难民就业与教育机会、自愿可持续返乡及第三国安全安置路径等长期解决方案。至此，自2019年首届全球难民论坛举办以 来，相关承诺总数已近3500项，覆盖47个主题与区域领域，涉及包括各国政府在内的1300多个参与方。 联合国难民事务高级专员菲利普·格兰迪（Filippo Grandi）表示："这是全球最重要的难民论坛。在这里，我清晰地听到了国际社会对难民保护及寻求庇护权 利的真挚承诺。即使实现方式在不断演进，这些原则始终如一。从财政角度看，今年是极为艰难的一年，联合国难民署也因此受到影响，但我们 ...

Group 1: JD and Dingdong Maicai Developments - JD's first Seven Fresh store in Shijiazhuang opened on December 19, featuring 24-hour fresh produce and a "1+N" delivery model, boosting local consumption [1] - Dingdong Maicai launched a dynamic evaluation standard for fish products in collaboration with Qingyu Hall and the China Quality Certification Center, leading to a 50% increase in sales in the first month of its "True Safe Fish" initiative [3] Group 2: Logistics and Retail Innovations - JD Logistics introduced a comprehensive logistics service for duty-free products in Hainan, supporting the high-quality development of the Hainan Free Trade Port with seven operational warehouses [5] - Anta officially joined Taobao Flash Sale, enabling rapid delivery of sports equipment from over 1,000 stores across major cities [8] Group 3: Corporate Governance and Strategic Focus - Pinduoduo announced a new governance structure with Zhao Jiazhen appointed as co-chairman, focusing on the Chinese supply chain as a core business strategy [7] - 1688 signed a partnership agreement with the China Council for the Promotion of International Trade to enhance cross-border supply chain capabilities for small and medium-sized enterprises [10] Group 4: Market Trends and Performance - Domestic TV brands are increasingly utilizing AliExpress for international sales, with a 300% year-on-year increase in sales on the platform [12] - Nike reported a revenue of $12.4 billion for Q2 of fiscal year 2026, with a 20% growth in its running segment and a 3% decrease in inventory [15] Group 5: Expansion and Sustainability Initiatives - McDonald's China surpassed 7,500 stores and will begin using bio-based packaging, aiming to reduce petroleum-based plastic usage by approximately 5,800 tons annually [17] - AEON confirmed the opening of three new supermarkets in Wuhan in Q1 2026, continuing its strategy of enhancing customer experience amid declining foot traffic [18] Group 6: International Expansion of Food Brands - Yuanji Cloud Dumplings opened its first store in Thailand, marking its commitment to local market integration [18] - Baoshifu announced the upcoming opening of its first North American store in New York City, following its successful entry into Singapore earlier this year [19] Group 7: Corporate Changes and Legal Developments - Budweiser Asia appointed a new CFO, Bernardo Novick, effective April 1, 2026, following Ignacio Lares' 18-year tenure [20] - Chongqing Beer is in discussions to settle a long-standing legal dispute with Jiawei Beer, potentially resolving an 18-year conflict involving a claim of 353 million yuan [20]

同时，安踏集团致力于助力国家竞技体育人才的培养，推动竞技体育水平的提高，与中华全国体育基金 会于2023年12月成立"安踏奥运领奖台公益基金"，计划于2024年至2028年间捐赠1亿元现金和装备，助 力中国竞技体育事业，支持基层体育及青少年体育发展。 长江商报消息 ●长江商报公益记者 杨蝶 2025年中国公益慈善项目交流展示会近日在广州举行，安踏集团公益及集团和敏基金会双公益平台联合 参展。据悉，截至2025年11月底，安踏集团及和敏基金会慈善公益捐赠累计超过35亿元。 会上，安踏集团通过互动展区、公益路演、成果数据墙、公益故事影像等多元形式，全方位展示"五个 一"社会责任体系（即"一项体育教育公益计划、一项医疗援助计划、一项助力中国体育计划、一项扶危 助困计划、一项生态保护计划"）的实践路径。 长江商报公益记者了解到，作为中国领先的体育用品企业，安踏集团自创立以来始终将社会责任融入企 业发展战略。2021年，在安踏集团成立三十周年之际，创始人家族捐资100亿元成立和敏基金会，与集 团公益平台构成"双公益平台"，搭建起涵盖医疗援助、体育支持、体育教育、生态保护、扶危助困的社 会责任体系，支持的慈善公益项目近2 ...

安踏集团与联合国难民署的国际人道主义项目"体育照亮未来"(Moving for Change)三年来惠及非洲30万 流离失所的青少年。在本周于瑞士日内瓦举办的全球难民论坛中期回顾上，来自中国的安踏集团宣布未 来3年继续与联合国难民署合作，保持这项以体育和基础教育支持为重心的国际人道主义援助项目，提 升被迫流离失所环境中儿童的安全、教育与福祉。 中国企业首登全球难民论坛中期回顾 回访期间，在安踏的支持下，埃塞俄比亚班巴西难民营为孩子们举办了一场足球友谊赛。作为公司代表 为比赛开球时，安踏集团副总裁李玲说："体育是全人类的共同语言，将不同背景、不同种族、不同国 籍的人们带到一起；体育是一道光，即使最艰难的条件下，也能为黑暗中的人们带来希望和欢乐。我们 希望帮助曾经或者正在经历苦难与困境的青少年，有平等的机会接受教育，享受运动的快乐，让体育照 亮每个孩子的未来。" 她介绍说，国际人道主义援助项目需要大量的协调与投入。以近日送达肯尼亚的物资为例，整个过程涉 及对每件运动服装的仔细分类、国际运输管理以及确保顺畅的"最后一公里"配送。安踏与各方伙伴紧密 协作，逐一破解难题，优化每一条线路，打通每一个节点，最终让满载着希望 ...