Sainsburys

Lidl GB To Step Up Store Openings

Lidl GB will accelerate new store openings in the coming years after it slowed to 15 openings in the 2023/24 financial year.

UK total till sales slowed to 4.0% growth in the four weeks to 2 November ahead of big spending events such as Christmas, NIQ reported.

UK shoppers face renewed pressure on their budgets in October as inflation edged higher for the second month in a row, according to Kantar.

British supermarket group Sainsbury’s stuck to its full-year forecast of up to 10% profit growth after a 3.7% rise in the first half.

Sainsbury’s has extended its Aldi price-matching scheme to its convenience stores, upping the ante on competitive pricing ahead of Christmas.

British supermarket Sainsburys has said it sold its Argos Financial Services cards portfolio to NewDay Group for an expected £720 million.

Sainsburys’ biggest shareholder QIA is selling £306 million worth of shares in the group, reducing its holding by 5%.

British shoppers faced increased pressure on their budgets last month as grocery inflation edge higher, data from Kantar showed on Tuesday.

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