It saw sales down 2.4% in the last quarter with Argos and the clothing arm particularly badly hit as people tried to cut back on non-essentials.
The supermarket claims it is doing better than rivals, which if true suggests the entire sector is in strife.
Asda and Morrisons, now owned by private equity giants, will be watched closely for evidence that they are ratcheting up prices in the teeth of a likely recession.
They are no longer obliged to be quite so clear about what is happening to sales and margins. Rivals say they are already chasing profit ahead of sales growth which might make life tougher for hard-pressed families.
هذه القصة مأخوذة من طبعة July 05, 2022 من Evening Standard.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة July 05, 2022 من Evening Standard.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
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