More

    Aldi and Lidl toast record Christmas sales in UK

    Signage is pictured outside an Aldi Local store on Kilburn High Road in London on January 2, 2023. (Photo by ISABEL INFANTES/AFP via Getty Images)

    German discount supermarkets Aldi and Lidl announced Tuesday record UK sales for the key Christmas trading period, buoyed by rising prices for goods nevertheless deemed cheaper that similar rival products.

    Sales in December topped £1.5 billion, up eight percent from a year earlier, as shoppers switched away from traditional supermarkets in a cost-of-living crisis, Aldi said in a statement.

    “Aldi recorded its best ever Christmas… with many still feeling the squeeze due to the rising cost of living,” the group said.

    Rival Lidl added Tuesday that it enjoyed its “best Christmas yet” in Britain, with UK sales swelling by 12 per cent.

    Recent official data showed that UK annual inflation slowed sharply to 4.6 per cent in November. That was the lowest level in more than two years – but more than double the Bank of England’s 2.0 per cent target.

    “German discounters, which are best known for their rock bottom prices, have enjoyed a stellar Christmas amid the cost-of-living crisis as price sensitive consumers trade down,” noted Interactive Investor analyst Victoria Scholar.

    (AFP)

    Latest

    nākd. unveils Fruit & Fibre bars for functional snacking

    nākd. is expanding its portfolio of healthier snacks with...

    Funkin feeds Gen-Z nostalgia with Blue Raspberry Martini

    Cocktail brand and creator of the Nitro Passion Fruit...

    Major marketing campaign for Nature Valley targets ‘happily hectic’ lifestyles

    Cereal bar brand Nature Valley is bounding onto screens...

    Post Office IT scandal: Alan Bates sees ‘no end’

    Post Office is a "dead duck" and should be...

    Don't miss

    nākd. unveils Fruit & Fibre bars for functional snacking

    nākd. is expanding its portfolio of healthier snacks with...

    Funkin feeds Gen-Z nostalgia with Blue Raspberry Martini

    Cocktail brand and creator of the Nitro Passion Fruit...

    Major marketing campaign for Nature Valley targets ‘happily hectic’ lifestyles

    Cereal bar brand Nature Valley is bounding onto screens...

    Post Office IT scandal: Alan Bates sees ‘no end’

    Post Office is a "dead duck" and should be...

    Hancocks offers Thursday flash deals in all depots

    Leading confectionery wholesaler Hancocks has started offering weekly flash...

    Barclays buys Tesco’s bank unit

    British bank Barclays on Friday said it had agreed to buy the retail banking operations of Tesco, as the supermarket giant concentrates on its...

    Lidl launches ‘first of its kind’ bottles return scheme in Glasgow

    Ahead of much-delayed launch of national deposit return scheme, Lidl today (8) debuted its own bottle return scheme in Glasgow. Lidl has launched a trial...

    Sainsbury’s targets £1bn savings in tech drive; 75 new c-stores

    Sainsbury's on Wednesday said it planned cost savings of £1 billion thanks to technology and automation, as it seeks to close the gap on...