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Author Topic: Sainsbury’s declares it is winning back Lidl and Aldi customers  (Read 202 times)

NadiaWits

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Sainsbury’s declares it is winning back Lidl and Aldi customers

Chief says firm making record gains in market share after passing on savings to shoppers with discounted groceriesBusiness live – latest updatesSainsbury’s has said it is winning back sales from Aldi and Lidl for the first time, after a slowdown in food inflation helped it increase the amount of items sold across the business.The supermarket said it was on track to deliver full-year profits at the upper end of expectations – however, pre-tax profits dived by 27% to £275m in the six months to 16 September as sales of clothing and general merchandise, including at the group’s Argos chain, slumped over the summer. Continue reading...

Source: Sainsbury’s declares it is winning back Lidl and Aldi customers



RobertKen

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Reply #1 on: November 10, 2023, 11:48:27 AM
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