Asda’s sales increase but profits slip

Asda’s sales increase but profits slip

Feb 21, 2018 | News, Retailing

Asda has reported a 0.5% rise in like-for-like sales, but gross profit margins have dipped, for the fourth quarter ending 31st December. Without disclosing the exact amount of its profit’s decrease, owner Walmart attributed the slip to “on-going price investments”....
Asda’s sales increase but profits slip

Asda vows to reduce plastic in packaging

Feb 7, 2018 | News

Asda has announced plans to reduce the amount of plastic in its packaging by 10% this year and phase out 5p ‘single use’ carrier bags from its shops by the end of 2018. The retailer announced the pledge in a document published on its website, called Plastic Unwrapped...
Supermarket sales continue to grow despite spending drop

Supermarket sales continue to grow despite spending drop

Feb 6, 2018 | News

Grocery sales have enjoyed a 3.4% increase in value, compared with this time last year, despite a seasonal dip in shopper spend post-Christmas at £1.6 billion less than the month before. According to the latest grocery market share figures from Kantar Worldpanel,...
Lobby group calls for 20% sugar tax on confectionery

Lobby group calls for 20% sugar tax on confectionery

Jan 26, 2018 | Confectionery, News

Action on Sugar, based at Queen Mary University of London, has urged for a complete ban on all confectionery price promotions, along with a sugar tax on all confectionery of at least 20%. The call follows its product survey, which reveals the amount of sugar in...
Supermarket sales continue to grow despite spending drop

Christmas spending reaches £1 billion more than last year

Jan 9, 2018 | News

The average household shrugged off economic worries to spend a record £1,054 on groceries over the three months including the Christmas period. According to the latest grocery market share figures from Kantar Worldpanel for the 12 weeks to 31st December 2017, a record...