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Retailer is losing out as Americans shift spending towards essentials
Profits top forecast but retailer reports first year-on-year decline in revenue in six years
Celebrity chef to launch upmarket restaurant four years after collapse of Italian chain
Brewer seeks to engage with Russian authorities in the hope of selling Baltika Breweries
Online florist plans to expand product range as sales of flowers fluctuate
Shares in the five leading homebuilders touch new highs while DIY retailers report sales decline
Positive sales volumes contrast with declines at competitors after difficulties in beer sector
UK retailer reports higher sales in clothing and food businesses
Acquisition of Neymar symbolic of how kingdom has flaunted financial might in world’s most popular sport
Inflation and interest rates are eating into the spending power of the key demographic group, but the impact is unevenly spread
The stealth-wealth look has come to signify a new form of status
More than 170,000 hectares have been reclaimed in a drive to cut imports amid global supply chain fears
Geopolitical tensions and new laws requiring companies to monitor environmental and human rights abuses in their supply networks drive interest
Also in this week’s newsletter: a tale of two football takeovers, and Wiegman’s challenge
The trend of ‘restaurant at home’ kits is helping to lift sales of niche vendors, dividing the market between premium and value
Industry has previously been able to rely on big companies paying high prices for flexible bookings
Advisers to Brookfield try to fashion consortium from remaining bidders
Successful women’s football tournament expected to draw 2bn broadcast viewers worldwide
Chair Todd Boehly says morale is high despite team suffering its worst season in almost three decades
Dairy farming produces much of Ireland’s emissions, but herd-owners say large-scale culling is not the answer
About a third of departures were cancelled or delayed in the five months to May
Discount chain collapsed after almost a century in the face of competition, supply chain problems and inflation
Significant debt is being taken on for a group in which sales are mostly generated by struggling Michael Kors
London-based food delivery group gains confidence after losses narrow
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