Frasers pulls out of SportScheck acquisition deal The FTSE 100 retail giant has pulled out of a deal to buy Germany’s SportScheck from Signa Holding, due to Signa filing for insolvency. Frasers has said it hopes to acquire SportScheck out of administration at a later date. Read more.

Lidl predicts ‘record-breaking Christmas’ The discounter has said it expects to see its best-ever Christmas period, with footfall to stores jumping 11% in the past six weeks. Lidl has said that it has sold two mince pies every second since September, as customers stock up for Christmas early. Read more.

Jollyes records best-ever first half performance The petcare retailer has seen its strongest-ever first half trading performance in the the six months to 27 November. Like-for-like sales rose 19% while total sales surged 31% to £70m. Read more.

Ikea owner Ingka Group reports flat sales and profit Ingka Group has reported operating profit of €2bn for its last financial year, compared with €2.04m the year prior. The business has said that it will be focusing on further price cuts to boost sales. Read more.

Foot Locker revises annual profit guidance on strong holiday sales Foot Locker now expects annual comparable sales to be down 8.5% to 9%, compared with 9% to 10% previously predicted. The retailer has said that more than 200 million shoppers bought items over the Thanksgiving weekend, driven by steep discounts. Read more.

Pets at Home to launch new app and website The specialist retailer has announced plans to upgrade its app and website, in a move that will represent a "step change" to its omnichannel credentials. Read more.