Grocery retailer ITM (Intermarché) has, after several years of struggling sales, reported like-for-like revenue growth of 3.1% to e19.2bn (£16.3bn) excluding fuel for the 2011 financial year. Like-for-like sales in the first four months of 2012 rose 7.9%.
ITM’s hypermarkets outperformed its supermarkets in 2011, delivering a 3.9% uplift in sales, excluding petrol.
Aldi UK boss Giles Hurley believes the grocer has “significant” potential to grow its burgeoning click-and-collect proposition as it expands its online presence.
The Walmart board convened last week to decide on its preferred bidder in the Asda takeover deal.
Aldi has pledged to invest £1.3bn into upgraded stores and distribution centres over the next two years after it saw record sales figures last year.
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With both Tesco and Superdry pulling out of international ventures on the same day, Retail Week asks whether UK retail is scaling back its global ambitions.
The coronavirus crisis will wipe $2.1trn (£1.7trn) off of global retail sales in 2020, new data has predicted.
The coronavirus outbreak has sparked fears and headlines worldwide since emerging in the Chinese city of Wuhan at the start of the year.
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