Aldi sales soar as UK shoppers battle record food inflation | CNN Business

  • 📰 cnni
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 59%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

Together, customers bought more than 48 million mince pies, 38 million pigs-in-blankets and more than 1,700 tonnes of Brussels sprouts in the weeks leading up to Christmas.

Sales topped £1.4 billion for the first time, up 26% year on year, with the FIFA World Cup also boosting purchases, Aldi said in a statement on Tuesday. Soaring food prices and wages that are failing to keep pace with inflation mean more UK shoppers are switching to discount retailers such as Aldi and Lidl, as well as trading down to supermarkets’ own label products. The British Retail Consortium said Wednesday that food inflation accelerated to 13.3% in December, up from 12.

That’s an increase of £1.1 billion on the previous year, even though sales measured by the number of items people bought were down 1% over the same period. “This story played out across the traditional Christmas categories. For example, value sales of mince pies soared by 19% but volume purchases barely increased at all,” said Fraser McKevitt, Kantar’s head of retail and consumer insight, in a report.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

That's impressive considering the population is 67M

And? 😳

Our Aldi in Clearwater had NO MINCE PIES!!! This is why Florida is going to hell in a hand basket...

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 326. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Tesla's shares plunge further on weaker than expected sales | CNN BusinessTesla shares plunged more about 13% in early trading Tuesday, as weaker than expected global sales caused the company's massive slide in its share price that began last year to continue. CNN’s targeting of “all things Elon” needs to stop. Ahahahaha!
Source: CNN - 🏆 4. / 95 Read more »

Elon Musk has lost a bigger fortune than anyone in history | CNN BusinessElon Musk has become the first person ever to lose $200 billion in wealth, Bloomberg reported last week. 🤪🤔🤨!! Fingers crossed he loses $200 billion more
Source: cnni - 🏆 326. / 59 Read more »

George Santos coverage is a 'death of local media' story, says Maggie Haberman | CNN BusinessHouse GOP leadership remains silent over Congressman-elect George Santos just one day before the New York Republican is set to be sworn into office. Scrutiny over Santos' long list of lies is intensifying as state and federal prosecutors look into his finances. Maggie Haberman and Errol Louis, who has actually interviewed Santos, join CNN This Morning to discuss. maggieNYT errollouis ThisMorning santos4congress cannot help himself. This much lying is a psych diagnosis. maggieNYT errollouis ThisMorning Why are you still inviting Trump 'access journalism' stooge Maggie 'she's friendly to us' Habeman to comment on anything to do with Republicans? maggieNYT errollouis ThisMorning So Elizabeth Warren and Biden can lie their asses off but this guy can’t?
Source: CNN - 🏆 4. / 95 Read more »