Italy retailers said to have worst Christmas in last decade

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Source: Bloomberg
Italian retailers experienced the worst Christmas in last 10 years, as approved austerity measures curbed household spending, reported Codacons consumer group. Italians spent on average €48 or $62.75 less per individual than in corresponding period during last five years. Clothing and shoe sector was harmed the most, giving up 30% of sales compared to previous holiday seasons.

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Tue, 27 Dec 2011 14:13:31 GMT

Iranian tensions may push oil prices higher

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Tue, 27 Dec 2011 12:14:59 GMT

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