By Planet Retail2010-11-18T16:40:00+00:00
Ahold-controlled Nordic retailer ICA has announced that net sales grew by 0.2% to SEK23.5bn (£2.1bn) in the third quarter to the end of September, while operating income grew 0.4% to SEK940m (£84.9m). Net income for the third quarter was up 9% to SEK644m (£58.2m).
Lidl has reported a rise in customers switching from “premium” supermarkets as shoppers “increasingly turn to the discounter for its high-quality fresh produce”.
Meal-kit delivery service Gousto has reportedly cut its valuation after raising tens of millions of pounds in extra funding to help it through a difficult economic period.
UK retail sales took a dip in the first four weeks of January, according to the BRC-KPMG Retail Sales Monitor.
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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