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The British online retailer attracted interest from China’s JD.com, as well as several private equity firms, according to Sky News.
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GlobalData forecasts UK retail sales will reach £481.7bn in 2026, but inflation will mask subdued volume growth and continued pressure on consumers.
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The BRC is calling for a higher employer National Insurance threshold as retailers contend with rising employment costs and falling job numbers.
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UK shop price inflation rose to 1.5% in August, its highest level in more than two years, as food and non-food prices came under renewed pressure.
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The partnership gives World Market a new e-commerce delivery channel and expands Instacart’s presence beyond grocery.
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The South Korea-headquartered retail technology provider said the projects mark a further expansion of its presence in Oceania.
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