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12.06.25 - 14:24
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Upmarket Finest range helps lift Tesco sales, amid UK ′home dining boom′ (The Guardian)
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Sales of own-brand line jump 18% in first quarter, which may be reaction to high restaurant prices, say analystsBusiness live – latest updatesHouseholds treating themselves to Tesco's upmarket Finest range have helped lift sales at the UK's biggest supermarket, with analysts suggesting high restaurant prices could be driving a home dining boom.Sales of the high-end own-brand line jumped 18% in the first quarter, while fresh food purchases were also boosted by shoppers enjoying picnics and barbecues in the sunny spring weather. Continue reading......
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17.04.25 - 11:12
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Sainsbury′s joins UK retailers′ £1bn profits club but warns of flat year ahead (The Guardian)
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Supermarket to close two of its five non-food warehouses to save £70m a year, putting jobs at riskBusiness live – latest updatesSainsbury's has joined Tesco, Next and Marks & Spencer as one of a handful of retailers who have made £1bn in profits, but it does not expect to beat that figure this year amid rising costs and price competition.Simon Roberts, the chief executive of Sainsbury's, indicated that the group was ready to take on Asda, which has pledged to cut prices in an attempt to win back market share, saying his business was “committed, above all else, to sustaining the strong competitive position we have built – consistently giving customers the great value they have come to expect”. Continue reading......
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