GroceryMarket

Swiggy Anticipates Operating Profit by Late 2025 Despite Losses Fueled by Instamart Growth

20 days ago

Swiggy, the renowned online food delivery service from India, has recently reported a significant financial downturn primarily attributed to its fast-growing grocery arm, Instamart. In a disclosure, the company stated it expects to reach operating profitability by the end of 2025, amid ongoing investments to bolster its market presence.

Asda's Chair Stuart Rose Critiques Supermarket's Direction: "Slightly Lost the Plot"

2 months ago

In a striking admission, Stuart Rose, the chairman of Asda, articulated concerns regarding the current trajectory of the supermarket chain, suggesting it has "slightly lost the plot." This candid observation comes amid the backdrop of competitive pressures and the evolving landscape of the retail sector in the UK.

Sainsbury's Sales Surge as Customers Embrace Premium Store Brands

2 months ago

In an impressive financial turnaround, Sainsbury's has reported a notable increase in sales, attributed largely to a growing trend among consumers towards premium store brand offerings. This shift in shopping behavior reflects a wider movement where shoppers are opting for higher-quality products often offered at competitive prices compared to national brands.