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M&S records sharp earnings recovery in first half despite clothing challenges

UK retail group Marks & Spencer (M&S) has reported a sharp recovery in earnings for the first half of the financial year, supported by market share gains across its food and fashion businesses following the disruption caused by a cyber incident in the previous year. However, performance remained below the level recorded two years earlier, as...

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When retail loses footfall and relevance, brands must step in

The figures are clear. According to a forecast by the German Retail Federation (HDE), the number of brick and mortar retail stores in Germany will fall below 300,000 in 2026 for the first time since reunification – to around 296,600. At the end of 2015, there were still approximately 372,000. Nearly 80 percent of retailers report in an HDE...

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How Gen Z and millennials are bringing AI into holiday shopping

Younger shoppers want AI’s advice when it comes to holiday shopping, but not its finger on the buy button. Deloitte’s 2026 Holiday Retail Survey finds that 49 percent of Gen Z and 50 percent of millennials name generative AI as their primary tool for at least one holiday-shopping task, giving retailers another reason to pay attention to how...

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Primark operating profit falls 12 percent as retailer prepares for demerger

UK retail and food conglomerate Associated British Foods (ABF) has reported its annual financial results for the 52 weeks ended September 12, 2026, revealing a 12 percent decline in adjusted operating profit at constant currency for its retail division Primark to 1.01 billion pounds (1.35 billion dollars). The fast fashion giant generated...