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UK families likely to spend less this Christmas as Asda’s Income Tracker reveals they actually have £17 a week more in their pockets than last year

  • The average UK household had £193 of discretionary income in October, up by £17 a week in October compared to 2014
  • Price of vehicle fuels dropped by 14%, giving families more to smile about ahead of the great Christmas getaway
  • The cost of electricity and gas fell by 4.1%, easing the pressure as the mercury drops
  • Yet research shows that even with deeper pockets, over one in five (21%) customers is planning on spending less this Christmas

Christmas is just around the corner, and Asda’s latest income tracker shows that British families have more money in their pockets to celebrate the festive season.

Households across the nation have been enjoying a boost to their coffers with an extra £17 a week of discretionary income in their pockets, a rise of 9.6% compared to this time last year . However, customer confidence still remains cautious ahead of the Christmas period.

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Posted in Press Centre on 02 December 2015
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Families set for a festive hangover despite double digit increase in disposable income for 13th consecutive month.

  • Average UK household had £193 of discretionary income last month, up by £14 a week compared to November 2014
  • Despite 13th month of double digit increases in disposable income, rate of growth slowed – from an average of £17 a week enjoyed throughout the rest of the year
  • 2015 review shows spend on big-ticket items up in the first three quarters of 2015, with spending on vehicles increasing 11.5% compared to 2014
  • Family fun remained a focus with spending on recreational and cultural activities rising 8.3% ahead of the festive period

With the nation ready to pop its cork on New Year’s Eve, Asda’s latest Income Tracker shows families will have something to celebrate – discretionary income reached £193 in November, up by £14 (7.7%) on the same time last year. This marks the 13th consecutive month of double digit increases.

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Posted in Press Centre on 29 December 2015
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  • Weather affected the nation’s buying habits across all seasons
  • Home was where the heart was in Spring
  • Celebrating was top of the agenda influenced by sport, seasonal events and the Royal family

As the year draws to a close, leading supermarket Asda looks back at what drove the nation’s shopping habits in 2015. Online sales continued to grow with receiving over 12,000 transactions per day and over 10% of customers shopped via mobile or tablet. Convenience shopping was key whilst the weather steered choices.

Fiona Lambert, Vice President of Brand Development and Design, Asda, recaps the events that fuelled retail in 2015.

Spring – Home is where the heart is
While spring was on the horizon, Valentine’s Day celebrators chose affordable luxury for their special meal. Deals on steak, wine and desserts for two, saw a huge increase in sales as home romance was favoured over restaurant prices.

As spring skipped into gear, it was all about domestic re-invention. Sales of bedding and accessories grew as people looked for a quick way to spruce their home interiors without breaking the bank; contributing to George Home outperforming the homeware market by +4.8% in its first year. Meanwhile, when it came to the garden, warm weather created an almost 10% rise YoY rise in spending on gardens, plants and flowers.

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Posted in Press Centre on 30 December 2015
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The Asda Foundation charity has announced it is increasing its fund for local disasters to £500,000 to help local communities in their time of need over the next 12 months.

It follows the recent floods, with more severe weather forecast over the coming days.

Chair of the Asda Foundation Alex Simpson said: “This is an extremely challenging time for families and communities, and could not come at a worse time of year for them. Store colleagues have been absolutely fantastic in supporting their neighbours – from joining the clean-ups in their areas to providing emergency supplies to community groups and charities to distribute where they’re needed the most. Our store managers and Community Life Colleagues are really leading this drive on the ground and the decision to increase our local disaster fund to £500,000 to help them do this was an easy one for the trustees to make.”

The fund is used to provide community groups and charities with food, water, clothing, cleaning materials and products and support during the clean-up. It also puts a colleague hardship fund in place to support Asda colleagues whose homes are affected by local disasters.

In York, Asda Foundation’s work is continuing today as it delivers cleaning packs to charities and community groups later today to distribute to all 650 affected properties in the area, following a similar move in the Halifax area earlier this week.

Residents in other affected areas have been receiving food, cleaning materials and clothing through the foundation, and colleagues have been helping to clean and provide collection points at stores for anyone who wishes to donate items to their community.

Posted in Press Centre on 30 December 2015
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  • Over £170,000 worth of funds given to four social enterprises
  • £700,000 given to local projects across Scotland since charge introduction
  • 90% less bags handed out by Asda stores

With Christmas round the corner, Asda has distributed £172,000 worth of funding to the latest recipients of the Asda Community Capital scheme. The latest giveaway has seen loans and grants totalling nearly £700,000 to more than 160 local charities and community projects across Scotland. Overall, Asda has seen plastic bag usage drop by 90% since the charge was brought in.

Community loans and grants, distributed by Social Investment Scotland and Foundation Scotland, have helped to fund projects ranging from parent and child healthy cooking programmes to IT training programmes for young people, and even developing therapeutic gardens for dementia sufferers.

Half of the bag charge proceeds have been distributed to Foundation Scotland to provide grants of up to £2,000 to nominated projects and good causes in local communities around Asda stores.

Social Investment Scotland has used the other half of the proceeds to provide loans between £10,000 and £50,000 to social enterprises who otherwise would find it difficult to get access to funding. The most recent organisations to benefit from this investment include the Leith Theatre Trust, the Bay Tree Community Café, Highland Perthshire Media and Venture Mor Ltd.

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Posted in Press Centre on 21 December 2015