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.
BRC attributes increased food prices to labour costs and high demand
The British Retail Consortium has highlighted that during the 1st-7th August period, shop price inflation increased to 0.9% on the year.
Waitrose MD to step down in September
James Bailey, managing director at Waitrose, will step down from his position in September, the John Lewis Partnership has announced.
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.
