U.S. retail sales increased marginally in April as rising gasoline prices cut into discretionary spending, but consumer spending appeared on track to accelerate after slowing sharply in the first quarter.
A survey of 1,000 shoppers has found that consumers would be more persuaded to make expensive purchases online if websites would provide more in-depth product information, better visuals and faster checkout.
Chinese tech firms, including Lazada's top investor, Alibaba, have poured at least $6 billion into every aspect of Indonesian e-commerce, a market that is set to grow from a current $7 billion to $63 billion by 2027.
The UK continues to prove its reputation as a ‘nation of omnishoppers’ with the proportion of Britons shopping online once a week rising from 22% in 2017 to 26% this year, according to research from Royal Mail Group.
Footfall to UK stores was slow during April, despite the weather improving as the month wore on. The drop of 3.3% was a “significant decline” compared to the 1.6% hike in April 2017 when Easter flattered the figures.
Skechers sued Adidas in federal court this week claiming unfair competition after the brand sent hundreds of thousands of dollars in secret payments to high school and college athletes in return for them wearing Adidas.
In 2017, the Italian textile/fashion industry generated an estimated revenue of €54 billion, up 2.4% and above last June’s estimate of +1.8%, driven by exports to China and Russia. However, exports to the US fell 1.7%.