There were chaotic scenes at an Ikea store in Shanghai, with customers attempting to flee as security personnel sought to contain them. An attempt was being made by health inspectors to close down the store in the Xuhui district because a consumer had been in close proximity to a positive Covid case. Earlier this year, … Read more
Westpac-Melbourne Institute index of consumers in Australia sentiment slumps 4.5% in June from May when it dropped 5.6%. The drop follows the Reserve Bank of Australia’s (RBA) decision to raise interest rates by a surprisingly large 50 basis points. A proportion of consumers in Australia slid for a seventh consecutive month to match pandemic lows … Read more
Total retail spending was 1.1 percent lower than a year ago, according to the British Retail Consortium (BRC). The BRC said its ‘like-for-like’ retail sales indicator, which covers only establishments open in May 2021, showed a 1.5 percent annual decline. British shoppers faced by rising inflation curtailed their spending in May by the most since … Read more
