Aldi, Supermarkets, Retail industry, Business, UK news Business | The Guardian
Supermarket has come under pressure as rivals such as Tesco and Sainsbury’s have promised to match its pricesBusiness live – latest updatesAldi has said the price of a basket of its goods is lower than a year ago despite ongoing grocery inflation, as the discount chain tries to fight back against increasing pressure from rivals’ price-matching schemes.The German-owned budget retailer said a slowdown in growth this year – sales are rising by just 0.5% compared with 16% last year – was partly caused by a decision to cut prices as big chains including Tesco and Sainsbury’s have won back customers by promising to match Aldi on key items. Continue reading…
Supermarket has come under pressure as rivals such as Tesco and Sainsbury’s have promised to match its prices
Business live – latest updates
Aldi has said the price of a basket of its goods is lower than a year ago despite ongoing grocery inflation, as the discount chain tries to fight back against increasing pressure from rivals’ price-matching schemes.
The German-owned budget retailer said a slowdown in growth this year – sales are rising by just 0.5% compared with 16% last year – was partly caused by a decision to cut prices as big chains including Tesco and Sainsbury’s have won back customers by promising to match Aldi on key items.