UK shoppers turned up the heat on their spending in August, energized by a burst of warm weather that ignited a fresh wave of consumer excitement, according to a British Retail Consortium (BRC) survey. This boost highlights the powerful influence weather has on retail demand, Reuters reports
Australia’s Viva Energy shares plunged 11% after an unexpected slump in convenience store sales. This sharp decline has raised concerns about the company’s near-term profitability amid shifting consumer behaviors, Reuters reports
China’s consumer spending remains sluggish despite reopening efforts, as concerns over economic uncertainty, rising debt, and a cautious outlook weigh heavily on demand-posing a major hurdle to the nation’s post-pandemic recovery
