Asda: All UK supermarket shoppers are seeing income gains, but one group is still struggling
Consumers have more spending power at grocery stores than last year, thanks to rising income levels decelerating inflation. In fact, Asda’s most recent Income Tracker showed that average families are earning £31.33 per week more than they did a year ago. Their take-home pay, a more than 15% boost year over year, is the best […]
Good news for retailers: Lower-income families saw significant rise in income in February
The lowest-earning British families saw a growth in disposable income in February for the first time in two and a half years. However, that positive development, revealed in Asda’s monthly Income Tracker, was tempered by this news: Those families still don’t have enough cash to make ends meet. They are still short £68 every month […]
Why 13.13 is a positive number for British consumers and the grocery stores they shop
How lucky is the number 13? Well, for British consumers – beset by inflation, a pandemic and ‘less-is-more’ offerings from retailers and restaurants since 2019 – as long as it isn’t negative, it must be good news. Indeed it is. The latest data presented by Asda in its Income Tracker, shows that family spending power […]
Income tracker, spending boost by UK consumers hints to more positive signs for retailers
According to the latest Income Tracker from retailer Asda, consumers in the UK saw an increase in spending power over the four weeks ending in 2023, a positive sign heading through the beginning of the new year. In fact, the latest figures from December are the best they’ve been since September 2021, when the COVID-19 […]
