Hong Kong’s retail sales in October fell by their steepest on record, as ongoing anti-government protests that have gripped the Chinese-ruled city for nearly six months scared off tourists and hit spending.
U.S. retailers kicked off Cyber Monday by launching a slew of deals earlier than usual over the weekend, seeking to sustain the momentum of a record $11.6 billion in online sales on Thanksgiving and Black Friday.
UK consumer confidence remains at a low level as the Christmas shopping season really gets under way and the latest figures from GfK mark nearly four years since consumer confidence was in positive territory.
The under 35s will be key to the Christmas shopping season internationally, a new study shows. And retailers who want to reach them need to hit a sweet spot by combining sustainability with tech and attractive pricing.
The French e-tail group is accelerating its expansion in Europe: it recently launched a Dutch site after striking a logistics deal with a local partner, and will extend the product range available in Germany in Q1 2020.
British business this month suffered its deepest downturn since mid-2016 as the approach of a national election exacerbated uncertainty about Brexit, according to a survey which augured badly for the economy.
The Spanish group’s The Style Outlets in Amsterdam is now 80% leased out, as Neinver also started work on the Alpes outlet centre in France, and the Vicolungo centre in Italy is undergoing a €9 million facelift.
Chinese e-commerce giant Alibaba Group raised up to $12.9 billion in a landmark listing in Hong Kong, the largest share sale in the city in nine years and a world record for a cross-border secondary share sale.