Asda has revealed a slow-down in sales growth following the takeover of Safeway by Morrisons.
The company said underlying sales only rose four per cent in the three months to October 31, compared with an eight per cent rise in the previous quarter. Total sales rose by around six per cent and Asda said profits rose faster than sales.
Media reports said analysts were pointing the finger at Morrisons, and said Asda had been the retailer most affected by the conversion of Safeway stores.
Leading analysts and key industry players at global event in Puglia say they see huge market potential thanks to new and better varieties
Dan Mathieson has overseen a period of “phenomenal growth” as CEO of the world’s leading kiwifruit marketer. He tells Fruitnet what he’s proudest of looking back on his seven years at the helm
Supermarket reaches highest-ever online share as overall sales rise 7 per cent
Vertical farming specialists join forces to provide growers with customised lighting solutions
English and Welsh farming unions congratulate new government and push for financial and labour security
University spends £16m to expand its farming research capacity as it focuses on Agrifood Futures Strategy
No comments yet