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Recent financial updates from major UK retailers reveal a mixed performance. Sainsbury's reported a revenue increase, while Primark faced challenges due to weather. Domino's showed growth in sales and store openings, indicating resilience in the fast-food sector. Overall, the retail landscape remains dynamic as companies adapt to changing consumer behaviors.
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UK retail sales grew by 0.3% in September, driven by technology purchases, despite a significant decline in supermarket sales. Analysts noted a back-to-school boost, but concerns linger over consumer spending habits and upcoming tax changes.
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Shoplifting offences in England and Wales have surged to a 20-year high, with 469,788 incidents reported in the year to June 2024, a 29% increase from the previous year. Retailers attribute this rise to organized crime and escalating violence against shop workers, prompting calls for legislative changes to protect employees.
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UK retail sales growth slowed significantly in October, rising just 0.6% year-on-year, down from 2.6% in October 2023. Factors include pre-Budget uncertainty, rising energy costs, and a later school half-term, impacting consumer spending ahead of Black Friday promotions.