The business, a 50:50 joint venture between Ocado Group and Marks & Spencer , said it now expects a small sales decline over the full 2022 year and core earnings close to break-even.
British shoppers are looking to save money in the face of soaring inflation , which hit 10.1% in July.
British grocery price inflation races to 12.4% with potential knock-on effect for Ireland
Ireland is particularly exposed to hikes in British food and grocery items, because supermarkets this side of the Irish Sea import huge amounts of grocery items from British suppliers and manufacturers such as Unilever.
The threat of higher grocery prices in Ireland remains after British supermarket price inflation reached a new peak of 12.4% in the last few weeks.
Publisher: Irish Examiner
Date: 2022-09-13T17:43:00 01:00
Author: Eamon Quinn
Twitter: @irishexaminer
Reference: (Read more) Visit Source
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