Welcome to the September-October issue of Grocery Trader. Grocery price inflation has dropped to its lowest level in over 12 months at 12.2% for the four weeks to 3 September 2023, according to the latest data from Kantar. Take-home sales from the grocers rose by 7.4% compared with the same period in 2022, a slight increase on the 6.5% growth reported last month. The discount retailers have benefited from the inflationary context with knock-on effects for British shopping habits more generally.
READ THE SEPTEMBER / OCTOBER ISSUE HERE
Aldi has opened its 1,000th UK store in Woking, Surrey, and has committed to a new long-term target of 1,500 stores in the UK, which will see the company invest billions of pounds into the UK economy. Aldi is now Britain’s fourth biggest grocer and one in every ten pounds spent at British supermarkets goes through its tills. It is also the fastest-growing supermarket in the UK, attracting customers from every major competitor as people switch to Aldi for its low prices.
24 One Stop colleagues across South Wales braved the fastest seated zip line in the world, all in aid of Ty? Hafan children’s hospice. Raising a whopping £10,450, the fantastic charity provides much-needed care and support for life-limited children and their families across Wales. Arriving at Zip World in Aberdare, South Wales, the team took on the Phoenix zip line. The Phoenix is comprised of two separate zip lines, the “Big Zip (Alpha)” which is 920m long, and “Little Zip (Bravo)”, which is 650m long.
Retail pricing has come under significant scrutiny in recent years and is again in the spotlight. The potential for profiteering and ‘greedflation’ has, given the fluctuating nature of retail pricing and headline-grabbing Consumer Price Index figures, attracted significant press attention. And as certain business costs appear to be easing, retailers themselves harbour concerns over the wholesale prices which continue to be charged to them by suppliers, writes Ed Betts, Retail Lead Europe at Retail Express.
Christmas 2022 saw total take-home grocery sales reach a new record at £12.8 billion for December, £1.1 billion higher compared to the same period last year (NFU). However, the data shows inflation is the main driver behind this increase, rather than increased purchasing, as the volume of purchases was down by 1.4 per cent year-on-year. For Christmas 2023, retailers need to showcase an exciting Christmas line-up with well-known brands to catch sales, according to our Christmas Products feature.
Enjoy reading the issue.
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