Aldi’s sales growth in the U.K. accelerated to a record in the last 12 weeks as the discounter adds stores and gains shoppers with lower prices, ratcheting up the pressure on domestic market leader Tesco Plc.
The iPhone, it's safe to say, is big in Japan. Toward the end of last year, three out of every four smartphones sold in Japan were iPhones, according to market researcher Kantar Worldpanel ComTech. Tim Cook said during Apple's most recent earnings call that its phone sales in the country shot up 40 percent after it signed a deal with NTT Docomo.
J Sainsbury Plc, the U.K.’s third- largest grocer, reported the first drop in same-store sales in more than nine years as the supermarket owner joined its main rivals in succumbing to a shift away from the big chains.
Wm Morrison Supermarkets Plc shares plunged the most in 11 years after the U.K. grocer said profit will decline this year as it cuts prices and improves supermarkets to fend off the increasing pull from discounters.