Greggs is closing four manufacturing plants across the UK and placing 740 jobs at risk as part of a restructuring plan, drawing criticism from unions.

Costco exceeded Wall Street's fourth-quarter revenue and profit expectations, driven by strong demand for essentials and discount gas. However, shares remained flat as investors noted a one-time tariff refund and decelerating membership fee growth.

Costco Wholesale posted fiscal fourth-quarter revenue above Wall Street expectations, but a non-recurring tariff refund and decelerating membership growth left shares flat.

Myer has recorded a $276 million net loss for the 2026 financial year, marking its second-largest deficit in history due to weak consumer spending and impairments.

Conservative leader Kemi Badenoch has pledged to reintroduce tax-free shopping for international visitors to help British high streets. The move comes as retailers face job losses and pressure over commercial property taxes.

Frasers Group has rescued luxury department store chain Harvey Nichols out of administration, concluding a competitive auction and protecting over 1,000 jobs.