Sainsburys

Waitrose To Invest £1bln In Stores Over Three Years

British supermarket group Waitrose has announced plans to invest £1 billion in new and existing shops over the next three years.

UK grocery inflation has fallen this month to its lowest level since September 2021, data from market researcher Kantar showed on Tuesday.

Sainsburys reported a 3% rise in first-quarter underlying sales on Tuesday, despite weather-related weakness in non-food categories.

UK supermarket group Asda said on Friday it returned to a pretax profit in 2023 even though it lost market share to rivals in that period.

Total till sales in UK supermarkets slowed (+1.1%) in the last four weeks ending 15 June 2024 on wet weather, according to NIQ.

Morrisons has said that its new chief executive’s strategy to improve price competitiveness and develop a loyalty programme is working.

NatWest has struck a deal to acquire most of Sainsburys’ banking business in a deal that will increase the lender’s assets by £2.5 billio...

UK grocery inflation fell for a sixteenth month in a row in June, data from market researcher Kantar showed on Tuesday.

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