'We're not seeing a slowdown in the manufacturing of our products,' CEO Kasper Rorsted says.
CEO Kasper Rorsted told CNBC on Wednesday the retailer is concerned with how the U.S.-China trade war will affect the U.S. consumer.If the average American customer has less money to spend, "he or she will spend less money on all products, including ours," Rorsted added. "That's the worrying one."in September fell more than expected, as the tit-for-tat trade war between Washington and Beijing weighs on sentiment. Consumer attitudes fell to 125.
Beijing in August set its official reference rate for the yuan at its weakest rate since April 2008, prompting the U.S. Treasury to label China a currency manipulator.in terms of potential impact. "We're not seeing a slowdown in the manufacturing of our products."
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