Two interesting items in the grocery space today, firstly Kantar’s latest grocery inflation figures, revealing a drop to 12.7%, the second sharpest fall since 2008 and having peaked at 17.5% in March.
Secondly, Marks and Spencer has announced a strong trading update for its food business, showing like-for-like sales are up over 11% and pointing to its investment in the ‘remarksable’ value range.
M&S also highlighted the importance of its store network: “Overall, the group operating margin has continued to be robust, driven by strong store performance and enhanced by our store rotation and renewal programme.”
