Gymshark founder who launched £1.25bn empire in parents’ garage awarded MBE

Ben Francis, 30, among slew of businesspeople recognised for services to commerce and economy in new year honours list

UK retail spending falls in 2022 amid cost of living crisis

Barclaycard data shows number of transactions was up but high inflation led to smaller basket sizes

About 40% greater footfall recorded at retailers on Tuesday than on traditional day for festive sales

Not enough money to repay up to 30,000 customers for deposits on goods ordered at collapsed furniture maker

Exclusive: Midnights LP purchases push UK record sales above 5.5m in 2022 in ‘watershed moment’ for vinyl revival

Better-than-expected numbers after 2021’s Covid-hit Christmas remain well below pre-pandemic levels

An estimated £3.8bn will be spent on 26 December, down almost 4% on last year

VK Garment factory in Mae Sot is subject of a UK lawsuit against the supermarket from 130 ex-workers

ONS survey finds 79% of adults plan to buy fewer presents and 73% say gifts will be cheaper than last year

Shopworkers union Usdaw can proceed to top UK court with case highlighting supermarket tactic involving lower pay

The fashion brand warns of ‘extremely challenging’ trading conditions in the UK leading up to Christmas

Industry body says industrial action and weather led to cancellation rate of 30% across UK last week

Cut-back of cover for suppliers is latest in a series of headaches for founder of the troubled business

Charles Allen, formerly head of ITV, is in his £400,000 a year post to generate confidence in Matt Moulding’s creation