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A flat Christmas is the most positive outcome UK retailers can expect.
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.
Rising costs hit margins at Cranswick in the past six months, the pork supplier confirmed yesterday. The Tesco and Sainsbury’s supplier said pre-tax profits for the six months to 30 September were down from £23.8m last year to £18.5m.
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