Retail

Volume of goods sold in stores and online dropped 0.5% in July, ONS saysBusiness live – latest updatesRetail sales across Great Britain weakened last month despite the men’s football World Cup and record temperatures boosting the demand for food and drink.The Office for National Statistics said the volume of goods sold in stores and online fell 0.5% in July. That is down from 0.7% rise in June – revised down from initial estimates of 1% – and a 1.3% rise in May. Continue reading...

• The Retail Technology Innovation Hub has highlighted 20 retail tech ventures that recently secured significant investments across sectors like AI shopping, live commerce, and warehouse robotics. • Among these, EAIGLE, a specialist in AI-powered gate and yard automation, secured an undisclosed funding round led by Noro-Moseley Partners with support from In Revenue Capital and Boreal Ventures. • EAIGLE intends to use the new capital to accelerate its go-to-market expansion and further develop its proprietary automated logistics technology.

• South Korean retail investors engaged in a historic stock market rally that eventually experienced a significant downturn. • The report utilizes data charts to illustrate the growth of the investment frenzy and the subsequent unraveling of the market. • This trend highlights the volatility of retail-driven trading and the impact of speculative behavior on South Korea's financial landscape.

• Ukrainian President Volodymyr Zelenskyy is reportedly losing trust in Central Bank Governor Andrii Pyshnyi. • Zelenskyy believes Pyshnyi is too closely aligned with the International Monetary Fund (IMF) and is failing to sufficiently support Ukraine's wartime economy. • This tension highlights a growing conflict between the need for strict monetary discipline required by international lenders and the immediate financial demands of a nation at war.

Customers will be able to pay using face and palm scans, potentially speeding up transactions – but rollout of the technology is likely to be slowGet our breaking news email, free app or daily news podcastThe company behind 300,000 Eftpos terminals across Australia is hoping shoppers will want to make payments by simply glancing at a screen, as biometric technology pushes further into retailing.Verifone is selling the innovation as “pay for your coffee with a smile”, promising faster checkouts for people who opt in to having their face or palm-vein – the veins in people’s hands – biometrics used for Eftpos transactions in Australia. Continue reading...

• Key US economic indicators, including CPI on Wednesday, PPI on Thursday, and retail sales on Friday, are scheduled for release this week. • Traders are advised to maintain long positions and selectively buy value gaps identified by the KXCO ontology. • As of August 9, the KXCO ontology tracks $2.4 trillion in capital flows across 345 entities and 769 typed claims.

• Wall Street investors are focusing on upcoming reports regarding inflation and retail sales for the week of August 8, 2026. • These key economic indicators will provide critical data on price movements across various goods and services. • The reports matter because they offer a clearer picture of how current economic conditions are impacting both businesses and households.