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Retailers report weaker sales over festive period amid ‘subdued consumer confidence’• Business live – latest updatesThe discount retailer B&M cut its profit forecast, while the value books and crafts chain The Works reported a fall in sales, highli…
Retailer buys chain from administration for £3.8m adding to portfolio ranging from FatFace to Made.comNext has rescued the footwear retailer Russell & Bromley out of administration for £3.8m but about 400 jobs are likely to go at 33 shops not inclu…
Debt-riddled retail giant’s demise has cast uncertainty over the future of US luxury fashionBeleaguered high-end department store conglomerate Saks Global filed for bankruptcy protection on Tuesday, a month after missing the deadline on a $100m interes…
Sales of clothes and computers fall, but discount supermarkets Aldi and Lidl enjoy bumper tradingRetailers suffered a “drab Christmas”, ending the year with disappointing sales in their most important month, according to new data underlining the diffic…
Wild success of television series drives huge demand for Game Changers novels, with Australian booksellers reporting significant customer ordersA seventh book in Rachel Reid’s gay romance series that inspired the TV drama Heated Rivalry will be out lat…
Retailer to allow ‘one-click purchases’ through assistants such as ChatGPT and Microsoft Copilot, beginning in USBusiness live – latest updatesJD Sports has said it plans to allow customers to buy its products directly through AI platforms without leav…
Online competition and weak consumer confidence behind fall, although sales at group’s supermarkets roseBusiness live – latest updatesSainsbury’s has blamed “significant headwinds” from weak consumer confidence, heavy online competition and widespread …
Bakery chain also adds 10p to a latte, bringing it to £2.25, as CEO warns of ‘a tough, challenging market’Greggs has added 5p to the price of a sausage roll and 10p to a latte coffee as it leans on some of its bestsellers to soak up rising wage, energy…
Chain reports strong sales but shares drop 5% after analysts say third quarter performance was behind expectationsBusiness live – latest updatesTesco is aiming to grab an even bigger slice of the grocery market this year after winning its best share in…
Poor festive fashion sales deepen fears of squeeze on UK household budgets and falling high street footfallBusiness news – live updatesMarks & Spencer revealed strong sales of food over the important Christmas trading period but clothing sales fell…