Shopper confidence falls for third consecutive month
According to figures from the British Retail Consortium, food sales were up 4.7% on the year in August, while shopper confidence remains low.
ONS finds food value sales up 1.3% in July
Food store volume sales dropped 0.2% during the month of July, the Office for National Statistics has found.
Asda Q2 results show best quarterly performance since Q1 2024
Total revenue is down by 0.2% year-on-year, but the supermarket reported that investment in lower prices has strengthened like-for-like sales during the quarter.
Lidl invests £435m in warehouses to expand its reach
UK retailer Lidl has started construction on a new warehouse in Leeds, which it said would create 400 new roles.
Asda warns that “high inflation will put pressure on purchasing power”
According to Asda’s latest income tracker, middle-income families have experienced the first decline in disposable income since September 2023.
Retailer invests £340m in M&S Food distribution centre
Marks & Spencer has unveiled a £340 million investment in an automated National Distribution Centre, with the aim of doubling the size of the M&S Food business.