Sainsbury’s Asda buy could make UK tougher grocery market for Amazon

The Sainsbury deal to buy Asda, announced on Monday, comes as retailers on both sides of the Atlantic grapple with heightened competition from the discounters such as Germany’s Aldi and Lidl and e-commerce giant Amazon.The marriage of Britain’s second- and third-largest grocers will not immediately impact Amazon’s food offering which remains small in Britain. The biggest impact will come away f…

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Nordstrom shares fall 10% as retailer warns of potential sales declines in 2024

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Shoppers exit the Nordstrom at the Westfield Topanga mall in Los Angeles on Aug. 14, 2023.Christina House | Los Angeles Times | Getty Images

Nordstrom's holiday-quarter sales topped Wall Street's expectations on Tuesday, but the retailer ga…

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