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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.
Inflation slowed in October, according to the latest government figures. The Office for National Statistics today said its Retail Price Index measured inflation at 5.4% in October, marking a slight easing from the 5.6% rate seen the month before.
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