Coffee
fromFast Company
8 hours agoWhy your daily coffee is suddenly so expensive
Global coffee prices have surged due to supply concerns, volatile weather in major producers, and U.S. tariffs, pushing retail prices higher.
However, Allan Leighton said the supermarket chain was investing to keep a lid on prices to attract cash-strapped shoppers. The UK's third largest supermarket chain, which is at risk of being overtaken by the discounter Aldi, said sales fell by 0.2% to 5.3bn in the three months to 30 June. But that decline was less steep than the prior quarter after the retailer made a material investment in keeping prices down.