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Tesco, which is almost two years into a turnaround plan for its UK business, said more shoppers had turned to discounters and upscale rivals for their Christmas treats. Photograph: Eric Luke

Two stalwarts of the British and Irish retail trade – Tesco and Marks & Spencer – have admitted that the Christmas period had failed to deliver(...)

A Next store  in central London. The fashion chain joined the list of Christmas retail winners as it said sales over the festive season had been significantly better than expected. Photograph: Steve Parsons/PA

Profits at Next are expected to overtake those of rival Marks and Spencer for the first time this year, after the fashion chain enjoyed a bumper Chris(...)

A Next store on Oxford Street in Central London. The fashion chain joined the list of Christmas retail winners as it said sales over the festive season had been significantly better than expected. Photograph: Steve Parsons/PA Wire

Next, Britain’s second largest clothing retailer, raised its annual profit forecast after fourth quarter sales came in significantly ahead of its expe(...)

 Volkswagen gained 5 per cent to €183.50 after posting quarterly earnings before interest and taxes that jumped 20 per cent to €2.78 billion, exceeding average analyst estimates. Photograph:  Matthias Rietschel

European stocks were little changed at a one-week high, while the FTSE 100 index of London-listed blue chips nudged up to a five-month high, as invest(...)

Next forecast that full-year brand sales may increase by as much as 3.75 per cent, having previously anticipated an increase of as much as 3.5 per cent.

Clothing retailer Next raised its full-year profit forecast today after third-quarter sales growth exceeded analysts’ estimates, sending the shares to(...)

Debenhams this morning said it will meet forecasts for 2012-13 profit after a warmer summer helped sales growth. Photo: Bloomberg

Debenhams will meet forecasts for 2012-13 profit after a warmer summer helped sales growth pick-up in its fourth quarter, Britain’s No. 2 department s(...)

Next posted an  increase in first-half profit but was reliant on a strong performance from its  internet business to offset sales falls in traditional stores

Some of Britain’s biggest retailers yesterday cast doubt over signs of economic recovery, saying consumer spending was likely to remain subdued until(...)

Next raised its profit expectations for the year after sales growth accelerated in Q2. Photo: Bloomberg

Next, Britain’s second biggest clothing retailer, raised its profit expectations for the year after sales growth accelerated in its second quarter, pa(...)

There was a time when children were expected to grow into their clothes – whether they were hand-me-downs or bought in a larger size in order t(...)

Fashion retailerNext  unveiled a 9% rise in profits today but admitted trading in recent weeks had been "quiet". Paul Faith/PA Wire

Next, the UK's second-largest clothing retailer, said the start of the new fiscal year has been "quiet" after reporting annual profit rose 9 pe(...)

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