Bloomberg Australian retailers recorded their best month of sales in nearly a year as consumers splashed out on everything from dining out to clothing, taking advantage of the easing of protracted lockdowns and building momentum in the economy for the final quarter. Sales surged 4.9% in October from a month earlier, when they rose 1.3%, and more than doubled …

  Bloomberg Ralph Lauren Corp is debuting its first digital fashion line in Roblox Corp’s virtual world, becoming the latest apparel maker to try building brand awareness in the metaverse. The company, known best for its polo shirts, is offering a “Winter Escape” experience in the Roblox online universe. Players can enjoy activities such as ice skating while shopping for …

Bloomberg What do Asia’s five best-performing $1 billion-plus equity funds for 2021 have in common? They are all betting big on China’s renewables push. The funds returned at least 40% each by investing in stocks that are part of renewables and electric-vehicle supply chains, according to data compiled by Bloomberg. The $3.7 billion China AMC Energy Innovation Equity Fund led …