Alo is defying China’s consumer slowdown, selling $1.5 million in one minute and planning 8 more stores
Chinese consumers are keeping a tight grip on their wallets—but apparently not when it comes to Alo. Retail sales in China rose just 0.4% year over year in August, half the pace economists polled by Reuters had expected. Weak consumption and a prolonged property downturn had already helped drag second-quarter GDP growth to 4.3%, the…