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Asda’s sales growth picked up pace slightly over the past three months, up 1.3% year-on-year. The figures, covering the period from 1 July to 30 September, mark an improvement on the 0.5% rise in like-for-like sales in the second quarter. The performance was described as “solid” by the supermarket’s US parent, Walmart.
Profits at Majestic Wine soared by 20% over the past six months, as customers spent more on each bottle of wine. Majestic reported pre-tax profits of 8.8m in the 26 weeks to 26 September, up from 7.3m for the equivalent last year.
Food sales comfortably outperformed the rest of UK retail over the past three months, figures from the British Retail Consortium show. On a like-for-like basis, food sales between August and October were up by 1.8% over the equivalent term last year – and up 4.9% overall.
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