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A flat Christmas is the most positive outcome UK retailers can expect.
Profits at Majestic Wine soared by 20% over the past six months, as customers spent more on each bottle of wine. Majestic reported pre-tax profits of 8.8m in the 26 weeks to 26 September, up from 7.3m for the equivalent last year.
Sainsbury’s has unveiled its Christmas ad for 2011, with TV chef Jamie Oliver literally bowing out as the face of the retailer after 11 years.
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