UK shoppers will splash out £1bn more on Christmas than they did last year, despite the squeeze on consumer spending…
Morrisons continues to deliver strong growth, with like-for-like sales up 2.4% for the 13 weeks to 30 October. Total sales excluding fuel were up 4.6% for the period, and the retailer claimed it had welcomed record numbers of shoppers, delivering growth ahead of the market.
Sainsbury’s has posted like-for-like sales growth of 1.9% for the past six months, excluding fuel. Total sales at the supermarket were up 7.6% to £12.8bn, or by 4.3% excluding fuel, in the 28 weeks to 1 October. Underlying pre-tax profits rose 6.6% to £354m.
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