Retail slump puts paid to investors' optimism

INVESTORS betting on a much-awaited recovery in the retail sector have been left dismayed by the latest industry figures, revealing consumer spending has lost its momentum after a solid start to the year. Shares in the major retailers, including heavyweights Myer and David Jones, fell yesterday, following the surprisingly weak trading update. Australian retail spending rose just 0.1 per cent throughout May, according to the Australian Bureau of Statistics, compared to the 0.3 per cent economists were expecting. Login to read the rest of this article Login using your social network Social Login Social Network * Login with Facebook Login with Twitter Login with LinkedIn Login with Google Login...