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The New York-listed firm, spun off from Yum Brands Inc (YUM.N) in 2016, owns Pizza Hut, KFC and Taco Bell in the country and is the largest fast food operator in China with more than 8,100 outlets. It is valued at $13.4 billion and looking to more than double its number of stores to 20,000 in the long-run. While it has stabilized sales growth at KFC with upgraded stores, a big push on delivery and automated check-outs, Pizza Hut’s 2,200-plus stores have proved to be more difficult to turn around. The chain has posted just three quarters of positive same store sales growth in China since the start of 2014.
“At the moment they’re really struggling to differentiate themselves enough to stand out from the rest,” said Andrew Atkinson, marketing manager at Shanghai-based research and marketing consultancy China Skinny, “There isn’t a clear message about why Pizza Hut is special and why Pizza Hut has a position mens black onyx cufflinks in the space.”, Major rivals include Pizza Express, bought by Chinese equity firm Hony Capital in 2014, chains like Papa John’s (PZZA.O) and Domino’s Pizza (DPZ.N) and a growing array of smaller, local chains doing well with new products and helped by a boom in deliveries online..
These include Shenzhen-originated Le Cesar - known for inventing a pizza using the popular Asian durian fruit - that now has over 120 stores, similarly sized Mua Pizza and Magelita Pizza with 600 outlets. Pizza Hut’s new-look for its stores and staff - which will be gradually rolled out around the country - could help the brand stand out more, analysts say. The shift comes at a critical time for Yum China, which recently rebuffed a $17.6 billion buyout from a Chinese-led consortium. The Shanghai Pizza Hut outlet, in an upscale mall, may be the future model. It bears none of the signature red and yellow hues associated with the brand in the United States and pizzas are not the main attraction on the menu.
Instead it has trendy, modern interiors, and popular dishes in China like omelet rice and Australian steak to attract younger consumers, Yum China’s chief executive has described the push as helping make the brand “Instagram-worthy”, That might help mens black onyx cufflinks win over consumers like Wang Chupeng, 23, an undergraduate student in Hangzhou, While she likes the atmosphere and student deals Pizza Hut offers, Wang felt the brand was still caught between more premium and budget rivals, “If I want to eat pizza I’ll usually think of somewhere else, I’d rather pay a bit more to get a better pizza,” she said, “Overall I think Pizza Hut is a bit expensive compared to other places with a similar quality product.”..
LONDON (Reuters) - Wall Street and oil were the big financial market winners in the third quarter of 2018, while trade tensions, emerging market crises and central bank policy tightening tipped several other assets into bear markets. Brent crude oil LCOc1 gained 3 percent in the July-September period, recently hitting 4-year highs above $82 a barrel as upcoming U.S. sanctions on Iran are expected to dent global supplies. Prices are up 22 percent year-to-date. The other outperformer is Wall Street's S&P 500 index .SPX, up more than 10 percent since January. It gained 7.7 percent this quarter, setting the record for the longest ever bull market, and also scaling record peaks.
“It’s actually been a U.S, bull market - very little else has done very well,” Guy Miller, chief market strategist and head of macroeconomics at Zurich Insurance Group, said, “Oil has been one of the few things that continued to move higher, There has been very little else, but having said that, by end of this year other equity markets returns should be fairly decent.”, GRAPHIC: Global market asset performance - reut.rs/2Oi1SFz, The MSCI All-Country World Index .MIWD00000PUS, a barometer of shares in 47 countries has see-sawed since a global selloff in February knocked it off a record high, However mens black onyx cufflinks it is up 4 percent this quarter, lifted primarily by U.S, gains..
The dollar failed to make much headway following its 5 percent second quarter surge but it held on to those gains, keeping up the pressure on emerging markets. And alongside the greenback moves and the Sino-Chinese trade spat, currency crises in Turkey and Argentina also dealt a blow to the sector. Those crises pushed investors into dumping emerging assets. Argentina's peso ARS= led the falls. Down 50 percent over the year, it is the biggest faller this quarter with a loss of 27 percent. Turkey's lira TRY= was a close second, losing 23.5 percent this quarter, and down 37 percent year-to-date. Brazil's real BRL= is down 16.8 percent this year, while South Africa's rand ZAR=, India's rupee INR= and Russia's rouble RUB= are all down about 12 percent.
GRAPHIC: Emerging market currencies vs the dollar - reut.rs/2Oi3MpO, MSCI’s emerging stocks .MSCIEF lost 1.7 percent this quarter, down 14.7 percent this year, The index slipped into a technical bear market in mid-August, losing 20 percent since late-January, but has since recouped some of those losses, Shanghai 'A' shares .SSEA mens black onyx cufflinks are down 20 percent on the year and lost 5.5 percent in the third quarter, as the tit-for-tat trade spat between the U.S, and China escalated, “What’s happened in the past three months is that worries about trade tensions are more severe..those concerns intensified during Q3, That’s going to carry over into Q4 almost certainly, and probably into 2019 as well,” said Stewart Robertson, senior economist at Aviva Investors in London..