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Sportswear firms seen outpacing casinos in China

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Published Thu, Jan 8, 2015 · 09:50 PM

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SPORTSWEAR companies could outpace casinos in Asia in terms of floorspace profitability growth in 2015, as China's middle class takes advantage of cheaper domestic brands and an anti-corruption campaign hits gaming, UBS said on Thursday.

Retailers are skittish about expanding in Asia as China's 2014 economic growth is expected to hit a 24-year low - putting a dampener on prospects for consumer investors in the region, UBS said in a report.

UBS

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