Sainsbury's and JD Sports record festive sales boost

JD Sports expects young shoppers not yet saddled with household bills to defy the economic gloom and keep buying Nike trainers and other sportswear, after it posted bumper Christmas sales

Ahead of Christmas, European retailers were worried the trading period could be the worst in at least a decade.

Sainsbury's forecast full-year profit at the upper end of its guidance after shoppers spent more than expected on festive treats, despite a deepening cost-of-living crisis.

Ahead of Christmas, European retailers were worried the trading period could be the worst in at least a decade.