Consumer confidence linked to price rises; ​spending focus is value, quality, convenience

But according to a third of 3,000 consumers asked about their financial confidence and spending intentions this year, sustainability will be key when buying both goods and services.The findings reveal… Read more

Boohoo delays and cancels orders – report

The Sunday Times reported that clothing suppliers in Leicester are feeling the biggest impact from the cancellations.A Boohoo spokesman told the newspaper: “As is the case across a retail sector… Read more

G20 agrees to push ahead with rules on corporate tax targeting tech giants

Facebook, Google, Amazon, and other large tech companies have come under criticism for cutting their tax bills by booking profits in low-tax countries regardless of the location of the end… Read more

Group of EU states reject compromise on digital tax as deadline looms

Under a proposal from the EU’s executive Commission in March, EU states would charge a 3 percent levy on the digital turnover of large firms that are accused of averting… Read more

Gold demand shrinks in 2020 on virus fallout- industry

Overall demand for the precious metal hit the lowest level since the global financial crisis in 2009, at 3,759.6 tonnes, the World Gold Council (WGC) said in its annual report.At… Read more

Hong Kong August retail sales growth picks up on tourism boost

August retail sales rose 9.5 percent from a year earlier in value terms to HK$38.2 billion ($4.87 billion), marking their eighteenth month of expansion. That compares with a 7.8 percent… Read more

A day in the life of an Amazon courier on the frontlines of the U.S. pandemic

“I’m just putting my faith in God that, you know, somehow while doing this, I’m going to be spared,” he said. “Once I get it, I’m going to spread it… Read more

Kering’s Gucci can be revived but it won’t go viral

But with the company warning on Thursday that investing in its brands will mean a decline in operating profit this year, that longed-for revival remains some way off.Kering’s first priority is rejuvenating… Read more

Hermès expands its leatherworking school

In order to preserve its artisanal heritage, last year the French luxury group set up a training center dedicated to leatherworking, its core business, approved by the French national education… Read more

Italian menswear industry forecasts 0.9% revenue rise in 2016, initial outlook for 2017 weak

    However, Italian manufacturing output in 2016, net of the sale of imported goods, is expected to post a marked recovery by rising 1.2%, compared to a 3.5% shortfall in 2015.Over… Read more