Remy Cointreau braces for sharp drop in annual sales

No sign of recovery for French group in the US, where high interest rates and inflation have led stores to reduce spirits stock

Dr Martens upbeat on strong US holiday sales

Bootmaker expects to make cost savings of about £25m amid profit decline

Sofas become points of purchase as Americans shop with their phones on Thanksgiving

Retailers have spent weeks priming US holiday shoppers to use small screens for a head start

Boxer shares surge in knockout JSE IPO

CEO Marek Masojada attributed Boxer’s strong market debut to its proven value-driven model, which serves cost-conscious consumers

Spar’s earnings rise as it makes progress on its strategy

Group says despite progress there is still work to be done, so the board ‘believes it is prudent to not declare a dividend for the year’

Mr Price’s market cap hits R72bn after soaring 80%

Ability to manage supply chain challenges sets fashion retailer apart from rivals

Takealot opens huge new distribution centre in Durban

Latest facility will allow the company to deliver to locals faster than previously

Australia introduces bill imposing big fines for supermarket misconduct

Politicians and farmers claim the biggest supermarket chains are using their scale to stifle competition

UK watchdog says supermarket loyalty scheme prices offer genuine savings

British shoppers can make average savings of 17-25% on 50,000 grocery products, analysis shows

Shein and Temu spark Black Friday keyword bidding war

Retailers compete for advertised products to appear high up in online search results, by bidding on expensive keywords on search engines

Walmart will curtail equity policies as US conservatives apply pressure

The US retailer will join Starbucks, JPMorgan Chase and Ford, which have altered their diversity policies in response to pressure

Macy’s says worker fudged up to $154m of delivery expenses

US retail giant delays third-quarter financials due to the accounting issue