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US tax debate draws retail sector focus

Retail industry groups argue that predictable tax rules allow businesses to invest in stores, logistics, technology and staffing.

Latest news

Walmart Q1 revenue rises 7.3%, maintains fiscal 2027 outlook

Consolidated net income attributable to Walmart increased 18.8% to $5.33bn.

UK consumer confidence improves slightly as food price concerns persist

New figures from the British Retail Consortium (BRC) and Opinium show UK consumers are slightly more confident about the economy and their finances than earlier this spring.

US appeals court rejects whistleblower tariff fraud claims against Amazon

The Second Circuit Court of Appeals affirmed the ruling on 20 May 2026, supporting a lower court decision that struck out the qui tam case brought by relators Mike Henig and Henig Furs under the False Claims Act.

M&S profit falls 23.8% after cyber incident disrupts first half

Adjusted profit before tax declined 23.8% to £671.4m while statutory profit before tax fell by a sharper 28.8% to £364.6m.