“The group that represents luxury- goods companies and other creative businesses in Europe called on India to reduce duties on their products by more than half. A “significant” cut in duty from more than 34 percent is necessary for full foreign ownership of single-brand stores to be effective, the European Cultural and Creative Industries Alliance, or ECCI, said today in …
Thanksgiving Weekend Sales Increase to Record $52.4 Billion
“(Bloomberg) — U.S. retail sales during Thanksgiving weekend climbed 16 percent to a record, as shoppers flocked to stores earlier and spent more, according to the National Retail Federation. Sales totaled $52.4 billion, and the average shopper spent $398.62 over the holiday weekend, up from $365.34 a year earlier, the Washington-based trade group said in a statement today, citing a …