Sales at Sainsbury’s, Britain’s No. 2 supermarket group, have worsened, industry data showed on Tuesday, adding to its woes after a brutal provisional regulatory view on its proposed 7.3 billion pound takeover of Asda.
TV show Love Island has fuelled a shopping boom this summer, proving a bright spot for both fashion and beauty as its official sponsor brands and others rode the wave of the overtly sexy style favoured by contestants.
Asda, the British supermarket arm of Walmart reported a 2.6 percent rise in quarterly underlying sales, showing its recovery was gaining speed ahead of an expected takeover by bigger rival Sainsbury’s.
As House of Fraser prepares for one of the most important days in its 170-year history (with its creditors voting on its CVA Friday) the company has released a broad outline of its new product and trade strategy.