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Chinese yuan strengthens to 6.3856 against USD Wednesday******

BEIJING, Oct. 27 (Xinhua) -- The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 34 pips to 6.3856 against the U.S. dollar Wednesday, according to the China Foreign Exchange Trade System.

In China's spot foreign exchange market, the yuan is allowed to rise or fall by 2 percent from the central parity rate each trading day.

The central parity rate of the yuan against the U.S. dollar is based on a weighted average of prices offered by market makers before the opening of the interbank market each business day. Enditem

China's new yuan loans rise in October******

BEIJING, Nov. 10 (Xinhua) -- China's new yuan-denominated loans totaled 826.2 billion yuan (about 129.2 billion U.S. dollars) last month, up 136.4 billion yuan from the same period last year, central bank data showed Wednesday.。

The M2, a broad measure of money supply that covers cash in circulation and all deposits, increased 8.7 percent year on year to 233.62 trillion yuan at the end of October, the data showed. Enditem。

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Economic Watch: China's factory activities slow down, non******

BEIJING, Oct. 31 (Xinhua) -- China's factory activities slowed down in October amid tight power supply and high raw material prices, while the non-manufacturing sector continued expansion.。

The purchasing managers' index (PMI) for China's manufacturing sector came in at 49.2 this month, down from 49.6 in September, data from the National Bureau of Statistics (NBS) showed Sunday.。

A reading above 50 indicates expansion, while a reading below reflects contraction.。

The slowdown came as power supply continued to be tight and prices of some raw materials rose sharply, said NBS senior statistician Zhao Qinghe.。

In October, the sub-index measuring purchase prices of major raw materials rose 8.6 percentage points from September to 72.1, while the ex-factory price index climbed to 61.1, up 4.7 percentage points from last month.。

The sub-index for production retreated 1.1 percentage points to 48.4, while that for new orders dropped 0.5 percentage points to 48.8.。

The figures showed that production and market demand in the manufacturing sector both weakened last month, said Zhao.。

The new export order and import sub-indexes edged up to 46.6 and 47.5, respectively.。

With the slower recovery of major world economies and complicated global economic and trade situation, the imports and exports situation in the manufacturing sector remains uncertain, said Zhao.。

Bucking the overall trend, the high-tech and equipment manufacturing sectors continued to expand in October, with their PMI at 52 and 51.2, respectively.。

Large enterprises maintained steady operation this month, with their PMI standing at 50.3. The PMI for medium and small enterprises came in at 48.6 and 47.5, respectively. The PMI for small enterprises has stayed in the contraction zone for six consecutive months, reflecting relatively high operating pressure.。

Sunday's data also showed that the PMI for China's non-manufacturing sector came in at 52.4 in October, down from 53.2 in September.。

Business activities in the non-manufacturing sector continued expansion, but at a slower pace, according to Zhao.。

In October, the sub-index for business activities in the services sector stood at 51.6, down 0.8 percentage points from that in September.。

Sectors such as accommodation, catering and entertainment, recorded marked increases in business volume, driven by the week-long National Day holiday in early October. Their sub-indexes for business activities all stood above 55, according to the NBS.。

Consumers were more inclined to stay put or take short trips during the holiday due to the epidemic and weather situation, said Zhao. This had led to relatively weaker expansion in both rail and air transportation.。

The sub-index tracking business activity expectations for the services sector stood at 58.5, 0.4 percentage points lower than last month, showing most service enterprises are still relatively optimistic about the market in the near term.。

In October, China's construction industry maintained steady growth, with the sub-index for business activities standing at 56.9. The indexes measuring new orders and employment stood at 52.3 and 52.4, respectively. Enditem。

Tod’s 集团董事长:战略变革开始收效,电商渠道以高两位数增长******

原标题:Tod’s 集团董事长:战略变革开始收效,电商渠道以高两位数增长

意大利奢侈品集团 Tod’s SpA(以下简称 Tod’s)董事长 Diego Della Valle日前表示,电商渠道销售额以高两位数增长,此前部署的战略开始收效。

近年来,这家以豆豆鞋闻名的鞋履和皮具生产商一直难以吸引到年轻一代的奢侈品消费者,为此推行了一系列新战略来推动集团增长,如专注于数字化变革、缩短商品的上新周期、推出更多联名系列等。

Diego Della Valle 表示,集团希望在留住老顾客的同时,吸引千禧一代。“此前做的部分运营前端工作给了我们信心,我们当前的发展方向是正确的。”

Diego Della Valle 认为,2017年底推出的新商业模式——Tod’s Factory,推动销售额恢复增长,也让集团同名品牌 Tod’s(托德斯)重获新生,能够及早发现和解决问题。

Tod’s Factory 项目意在重点关注经典产品的同时,一年内发布多个系列:除一年两季的常规系列外,还会有胶囊系列和限量系列,甚至有可能每两个月就推出一次新产品。(详见此前报道:Tod’s集团“大动干戈”:不要创意总监,要更高的上新频率!推出一年发布多个系列的革新运动)

就在今年1月,品牌在米兰举行2019男士秋冬系列服装—— Gentleman Flow 的新品发布会时,Diego Della Valle 表示,现代生活节奏改变了时尚设计,按季推出新款的行为已经过时。为了保证消费者的好奇心,提高品牌曝光率,他们必须保证门店两月一次的上新速度,并且通过广告和媒体向公众强调上新信息。

Diego Della Valle 同时指出:“我们正在做一些需要做的事情”。他认为,集团此前进行的管理阶层重组——任命一位联合 CEO,卓有成效。2018年6月,Diego Della Valle 宣布卸任日常管理工作,全权交给集团新任首席执行官 Umberto Macchi di Cellere,自己则专注于品牌推广工作。(详见《华丽志》此前报道:Tod’s 集团董事长 Diego Della Valle 放权:今后专注品牌推广,日常管理工作转交 CEO)

Diego Della Valle 还透露,为了提高设计师和艺术家的设计速度、制定新的生产计划,集团付出了很大的努力。新的商业模式对于集团来说是巨大的变革,改革后接踵而来的销售机会也足以证明决策的正确。现在,集团对产品生产有了更好的控制,所以销售状况有所转好,改革的风险也有所降低。(详见《华丽志》:Tod’s 集团主席:按季上新已过时,奢侈品门店必须保持两月一次上新速度)

Diego Della Valle 表示,电商目前为集团贡献了7%的销售额,且正在以高两位数的速度增长,集团希望该渠道未来1~2年能继续保持当前增速,推动集团获得更为可观的销售额。

为了加强线上扩张,以及应对消费者的全渠道消费需求,Tod’s 还计划近一个月内在米兰蒙特拿破仑大街(Montenapoleone)开设一家全新的旗舰店。

Diego Della Valle 表示,2019年财年第一季度利润表现令人失望,主要原因是集团正采取措施,想要“尽快取得可持续发展的成果”。

Tod’s 集团近两年的业绩表现均不及市场预期,2018财年销售额同比下滑2.4%至9.41亿欧元,净利润同比下滑33.6%至4710万欧元。关于2019财年,Diego Della Valle 表示,在盈利能力方面,仍旧是“转型之年”。

集团首席财务官 Emilio Macellari 在发布2018财年财报时表示,春季系列是“又一个振奋人心的开始,我预计2019财年的同店销售额与2018财年相近。”他还指出,3%的销售额增长预期“是合理的,且挑战性不高。”(详见《华丽志》:Tod’s 集团发布2018财年完整财报:销售趋于稳定,但利润明显下滑,大中华区增长3.2%)

Della Valle 家族正逐步回购集团的股权,这表明创始家族对公司的未来发展很有信心。Della Valle 家族目前持有集团63%的股权。预计到今年10月底,Diego Della Valle 及其家族将拥有集团全部股本的68%。(详见《华丽志》:在股价跌至9年半以来最低点后,Tod’s 创始家族 Della Valle增持股份助力反弹)

而关于自己在集团的位置,Diego Della Valle 表示:“我对现在的状态很满意。”

Tod’s 集团将于5月9日公布2019财年第一季度财报。

丨消息来源:路透社、《华丽志》历史报道

丨图片来源:Tod’s 官网

丨责任编辑:刘隽

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