Reference News Network, August 6 report - According to the website of the UK's Financial Times on August 4, one of the world's largest sports equipment retailers is considering moving production to China.
New CEO of Intersport, Tom Foley, stated that the group is considering purchasing a larger proportion of its own brand products from China.
Intersport, headquartered in Switzerland, operates more than 5,000 stores in over 40 countries. It is very popular in Europe and is the largest sports equipment retailer in Germany.
At the same time, some American sport brands are planning to move their production from China to Southeast Asian countries such as Bangladesh, where tariffs are lower.
However, Foley pointed out that this move "could put pressure on markets that usually do not have this production capacity."
Foley said: "We don't have to move from Bangladesh to China - but we can do so."
Intersport's main sourcing markets include China, Bangladesh, Vietnam, and Cambodia. (Translated by Qiu Fang)
Original article: https://www.toutiao.com/article/7535278918489014835/
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