Britain's retail sector was boosted by Boris Johnson's general election victory on Friday, as investors factored in expectations of a step-up in consumer sentiment and spending in the key holiday season period.
M&S is reportedly planning to downsize the space it controls in around 20 of its largest retail locations with under-used upper floors potentially being converted into offices or even residential space.
Black Friday week may be upon us, but a new report suggests that the event as a whole has "had its day". Home delivery specialist ParcelHero said this Black Friday is likely to see stalling growth in overall e-spend.
Asda, the British supermarket arm of the world’s biggest retailer Walmart, blamed lower sales in its latest quarter on Brexit uncertainty, saying it had negatively affected consumers’ spending patterns.