The gifting market in the UK is dominated by a major supermarket chain and an e-tail giant, but department stores remain key gifting destinations while other supermarkets also have a major opportunity to make it big.
Tesco said on Monday a new accounting standard related to the treatment of leases would have increased its operating profit and margin in the last financial year, while decreasing pretax profit and earnings per share.
Britain's competition regulator will publish its final report on supermarket group Sainsbury's takeover of Walmart-owned rival Asda on Thursday, with most analysts seeing little chance of the deal proceeding.
Sainsbury's and Asda said they were willing to sell 125-150 stores to get their proposed merger past the regulator - a number well short of what the Competition and Markets Authority (CMA) has said it is looking for.
Garment factory workers in Bangladesh filed a record number of complaints about safety - 662 - last year, showing that a mechanism set up by European fashion brands to improve working conditions was proving effective.