Australian retailers faced another month of sluggish sales growth as consumers, nervous about stagnant wages and tumbling house prices, curbed spending in a sign third-quarter economic growth could disappoint.
Adobe has released its US online retail forecast for the holidays, highlighting an expected decline in revenues achieved via marketing through social channels, as well as the rise of mobile shopping and blended retail.
Pressure by big brands on suppliers to deliver more quickly and cheaply contributes to labour abuses in factories that manufacture garments, footwear and textiles, according to a report published on Wednesday.
Having upped its 2018 outlook for US retail from “stable” to “positive”, Moody’s has done the same for the country’s apparel and footwear industry, citing higher-than-expected earnings growth in the sector.
German annual retail sales fell sharply in September, confounding economists' expectations for an increase, data showed on Wednesday, adding to signs that the long boom in Europe's largest economy may be closing.