Topps Tiles reports ‘solid’ performance as half-year revenues hit £106.6m Revenues were down 1.3% in the six months to 26 April while adjusted pre-tax profit fell by 1.9% to £10.1m. The company opened eight new stores during the period, taking its total to 359, and plans a further ten for the second half. Read more.

John Lewis, Debenhams and Ryman among brands backing new retail credit union The union, RetailCURe, has been launched to help employees in the retail sector to save and borrow money at competitive rates. Other backers include Iceland, New Look and Schuh. Read more.

McColls plans bid for Tesco’s convenience store business McColls CEO Jonathan Miller told the Telegraph his company may look at buying part of Tesco, such as the One Stop convenience chain, if the Competition and Markets Authority places conditions on Tesco's £3.7bn acquisition of Booker. Read more.

Sports Direct raises stakes in US businesses Iconix Brand Group and Finish Line The investments mean the sports retailer now controls 12.2% of Iconix and 9.2% of Finish Line. The company said: "The main rationale for these stakes is to allow Sports Direct to hopefully build a relationship and develop commercial partnerships." Read more.

Moss Bros sees sales rise 3.7% in the first 15 weeks of the year The menswear retailer also announced that like-for-like retail sales grew by 5.5% in the period to 13th May. Chief executive Brian Brick said: "Moss Bros continues to trade well and in line with the board’s expectations." Read more.

JD Sports receives competition approval for £112m acquisition of Go Outdoors The Competition and Markets Authority announced it had given the green light for the deal, which was announced last November. Sportswear retailer JD will now assume control of Go Outdoors' 58 stores across the UK. Read more.