Anta’s Fila Brand Stumbles as Chinese Consumers Seek Value: Is This a Sign of Things to Come?

Anta Sports Products Ltd., a leading Chinese sportswear maker, has seen its Fila brand sales contract in the third quarter as cost-conscious consumers shift towards cheaper alternatives. Despite this, analysts anticipate strong overall revenue growth for Anta due to robust performance from its other brands. This trend reflects the broader slowdown in the Chinese economy and a shift towards domestic brands, posing challenges for even top players like Anta.

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