RE: Surprise increase in retail sales.21 Feb 2025 17:43
Today.....The ONS said: "Food store sales volumes grew strongly in January 2025, following falls in recent months."JD Sports Fashion led the way, up 2.7%, while Primark owner AB Foods gained 1.9% and grocer J Sainsbury firmed 1.9%. A further boost to consumer stocks came from a slight uptick in consumer confidence, according to research carried out by GfK.
Doesn't JD Sports also own a big chunk of APN Nutrition brand? Frasers own Sports Direct so THG's My Protein Nutrition Brand is an obvious fit into that business, hence why Frasers building a stake in THG don't you think? 🤔 Adyor!!!!!!