Asda Scratch Card Sales Up 6%

British daily national newspaper ‘The Express’ is carrying a story which reports that UK supermarket chain Asda has sounded the alarm about fragile consumer confidence, warning that “anxious” shoppers were behaving as though the country was heading back into recession – running down their cupboard stocks and buying scratch cards in the hope a winning ticket might provide an “escape”.

Asda finance director Rob McWilliam also pointed to other warning signs including scratch card sales which are up 6% in the last year and at a level last seen in the autumn of 2008 when Lehman Brothers was collapsing. “Scratch card sales increase when people are anxious and looking for an escape,” he said.

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