Search Everything in One Place

Explore the web, images, videos, news, and more – all in one place.

Finance

Sizzling summer for Marks & Spencer as heatwave and World Cup boost food sales

Sizzling summer for M&S as heatwave and World Cup boost food sales
Sizzling summer for M&S as heatwave and World Cup boost food sales

M&S won new customers as its grocery sales rose 16% over the 12 weeks to July 12, according to data from market researchers Worldpanel.

Marks & Spencer has clocked up its strongest food sales for three years – thanks to the World Cup and heatwaves.

The High Street retailer gained customers as its grocery sales rose 16 per cent over the 12 weeks to July 12, according to closely watched data from market researchers Worldpanel. 

High temperatures and the World Cup also meant that shoppers made 497m trips to supermarkets over the four weeks to July 12, according to Worldpanel. This was the highest figure since March 2020.

Asda was the only supermarket to see sales drop, falling 1 per cent to £4.2billion over the period.  Rival Morrisons, which, like Asda, has also struggled in the wake of a private-equity takeover, saw sales rise by 1.4 per cent. 

Lidl made the biggest gains of any grocer, with sales rising 8.6 per cent, compared with an increase of just 0.7 per cent at budget rival Aldi.

Fraser McKevitt, head of retail and consumer insight at Worldpanel, said: ‘Sport and sunshine combined to shape shopping habits this month, and England’s run in the tournament had a clear impact on the drinks aisle.’

Sales up: M&S has been trying to convince more people to do their weekly shop with M&S, as opposed to just being a destination for treats
Sales up: M&S has been trying to convince more people to do their weekly shop with M&S, as opposed to just being a destination for treats
Read full story on This Is Money

Related News

More stories you might be interested in.

Burger King launches new Whopper rule that picky eaters will love
New York Post·1 day ago

Burger King launches new Whopper rule that picky eaters will love

They’re offering a meal culpa. Burger King is appealing to picky eaters by pledging to remake any Whoppers that are unsatisfactory, and other perks, as part of a new campaign to prioritize customer feedback. In February, the burger chain invited customers to share their honest opinion via Listening Initiative that shared the phone number of Tom Curtis, the President of Burger King US and Canada, according to a recent release. This initiative saw...

Top