Watches of Switzerland shares dive by a third after revenues warning

UK’s biggest Rolex and Omega seller becomes latest luxury retailer to be hit by switch in spending by aspirational shoppers

Sainsbury’s Bank open to offers as retailer plans to exit finance

Company exploring options as it plans to shift focus back to food and retail, rather than services

Uniqlo sues Shein over ‘imitation’ banana-shaped ‘it’ bag

Petition demands online retailer stop immediate sale of bags and compensation for damages incurred

Ocado retail arm returns to profit amid sales rise as it offers more M&S food

Online grocer says price matching with Tesco and better service helped improve bottom line

Supermarkets agree to accept smaller veg from rain-soaked UK farms

Growing of sprouts, cauliflower, cabbages and leeks made harder by poor weather and flooding

Annual profit is more than $1bn for Woolworths and Coles. How do they set prices and can they justify rises?

Farmers and consumers alike are sharing their frustration amid the cost-of-living crisis as a government inquiry into the Australian supermarket giants looms

Burberry issues profit warning as Christmas shoppers shun pricey trenchcoats

British brand affected by continued slowdown in luxury demand during cost of living crisis

UK economy returns to growth amid Black Friday spending lift

GDP rises by 0.3% in November after October decline, with car leasing and video games fuelling bounceback

M&S has Waitrose in its sights as it hails ‘best ever Christmas’

Retail group has opened larger stores, cut prices on basics and persuaded food shoppers to use it for more than just sandwiches

US inflation rises to 3.4%; global trade ‘drops 1.3%’ as Red Sea attacks disrupt shipping – as it happened

US inflation rose faster than expected in December, dampening early rate cut hopes, as Kiel Trade Indicator shows collapse in cargo volumes in the Red Sea

John Lewis brings back former fashion boss Peter Ruis to lead chain

Appointment of Naomi Simcock’s replacement as head of department store comes amid falling sales

Tesco and Marks & Spencer emerge as Christmas winners

Online growth and festive sales fuel lift in Tesco profit forecast as M&S wins back fashion market share

Retail figures show we’re desperate for a bargain rather than flush with cash. The RBA should take note

When retail spending surges, the Reserve Bank can be tempted to raise interest rates – but analysing the economy requires an understanding of what is happening in the real world.

Sainsbury’s won shoppers from rivals at Christmas but Argos sales dive

Supermarket reports 8.6% rise in grocery sales, although consumers rein in spending on electrical goods

Greggs enjoys bumper Christmas period as it hails easing inflation

Reduced cost pressures and popular festive bakes and chocolate orange muffins boost bakery chain