China's industrial output growth slowed more than expected to 4.8% in July from a year earlier, in the latest sign of faltering demand in the world's second-largest economy as the United States ramps up trade pressure.
Pepkor Holdings on Wednesday said third-quarter revenue rose 12% thanks to Easter sales falling within the quarter this year, but warned the outlook was still volatile as consumer spending remained under pressure.
Internet-based fashion group Boohoo has bought the online businesses of fashion chains Karen Millen and Coast, leaving a question mark over the fate of the two retailers’ stores and concessions in Britain.
U.S. President Donald Trump's plan to slap new tariffs on Chinese imports comes on the heels of unexpectedly strong second-quarter results for consumer products companies, boosted by spending on luxury items.
President Donald Trump’s threat to impose 10% tariffs on the remaining $300 billion of Chinese imports from Sept. 1 will hurt consumer purchases, raise prices further and limit hiring, retail groups warned on Thursday.