Hammerson sells majority stake in Paris centre for £362m The shopping centre giant has sold 75% of its stake in the Paris' Italie Deux to AXA Investment Managers. This move is part of Hammerson's turnaround scheme, as it looks to ease the pressure currently facing shopping centres. Read more.

Sainsbury’s trials in-store pet hubs The retailer is ramping up its efforts in the £4.4bn pet market by rolling out pet hubs in 20 of its stores. The new feature will offer customers a range of products usually only found in specialist pet shops and vets. Read more.

Fortress Investment Group buys Majestic Wine in £95m deal Majestic Wine has completed the sale of its business to US investment firm Fortress Investment Group. The specialist retailer confirmed that it will continue trading in all of its 190 stores following the acquisition. Read more.

Profits dip at Dixons Carphone The electricals retailer has reported excessive losses in its mobile phone business, sending profits down 60% for the first half of the financial year. The company trades as Currys, PC World and Carphone Warehouse. Read more.

Zara owner Inditex reports profit surge The fashion giant has posted a 12% spike in profits for the first nine months of the year and a 7.5% rise in revenues across its brands to hit €19.8bn. Read more.

Co-op prepares for Christmas with 30 store openings The British retailer is set to create 500 new jobs in the run-up to the holidays with 30 new store openings across the UK. The decision follows a £25m investment in the expansion of the Co-op estate. Read more.