20 August 2025
20 August 2025
The rise reflects broader changes in shopping habits, as consumers favour discount chains amid lower grocery inflation and rising cost-consciousness.
Independent coffee shops, tea boutiques, and specialty food sellers are struggling to maintain margins as imported goods rise by over 20% in just a few months.
Barclays’ latest Consumer Spending Report reveals that spending on food and drink has stalled, as consumers continue to watch their wallets.
The opening of the store follows a 12-year lease agreement with ALTO Real Estate Funds.
The company expects total sales growth of 2.8% and comparable sales growth of 1% for fiscal 2025.
The deal is anticipated to close by the end of 2025.
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