Dixons boss Seb James said last week that he sees “the early glimmers of a consumer recovery”.

Dixons boss Seb James said last week that he sees “the early glimmers of a consumer recovery”.

His comments were followed a day later by the latest GfK consumer confidence data, which showed shopper sentiment at a nine-year high.

It’s good news, and might help support investor enthusiasm for general retail stocks which, broker Numis notes, are up 16% over the last 12 months compared to a market rise of 9%.

The grocers may not be invited to the party however. Aldi and Lidl at one end, and Waitrose at the other, continue to scoop up market share.

It was noticeable in Ocado’s results on Tuesday, that increasing price competition and a generally sluggish market were flagged more than once.

The grocery sector remains convulsed by change and there is no early end in sight to the period of turmoil.