Retail sales values rose at their slowest annual pace last month since August, held back by food sales where a fall in inflation led to their weakest performance in more than two years, a survey showed.
Reversing last year's cut in VAT sales tax will not derail the consumer recovery, but any further increase would be a strain for shoppers, the finance director of Tesco, Britain's biggest retailer, said.
Tesco Plc, the world's No.3 retailer, posted quarterly sales growth toward the bottom end of forecasts, held back by a drop in food price inflation, but said a gradual consumer recovery remained on track.
The fear that established clients will flee rising UK taxes might be giving London's private bankers sleepless nights, but a Chinese remedy is at hand, in the shape of a growing colony of super-rich clients from Asia.
On the back of its catalogue and online sales success, ladieswear brand Lipsy has become more interested than ever before in the French market. This interest extends to the aim of having 300 points of sale in the country in three years time.
Chinese sports brand Li Ning plans to open its first outlet outside Asia in the United States in January, in a bid to test the water as it moves forward with its goal of becoming a major international brand within a decade.
Weak monsoon rains have hurt Indian cotton yields, and despite record plantings, production in 2009/10 will be slightly lower than previously estimated, a U.S. Department of Agriculture attache said in a report.