Supermarkets Sainsbury’s, Tesco and Morrisons told they must shrink to survive in war against discounters Aldi and Lidl November 17, 2014 Supermarkets need to dramatically scale down their store estates if they want to stop haemorrhaging sales and return to growth, according to analysts at Goldman Sachs who sent a stark warning to the retail industry. In a research note published yesterday, Goldman Sachs said Sainsbury’s, Tesco and Morrisons must cut space by around 20 per [...]
From Aldi to PwC: the year’s heroes revealed November 13, 2014 The 2014 City A.M. awards were as glamorous and entertaining as ever with guest speaker Sir Martin Sorrell kicking off an exciting ceremony with 14 awards given THE GRANGE St Paul’s Hotel was packed to the rafters last night with some of the City’s favourite faces as the City A.M. awards took its annual place [...]
David Cameron and George Osborne give Aldi thumbs up after 35,000 jobs pledge November 10, 2014 It's not just bargain hunting shoppers and those looking for the best tipple who love Aldi – now the Prime Minister and chancellor have told the world of their love for the German grocer. David Cameron and George Osborne today welcomed the news that Aldi has pledged to create 35,000 new jobs in the [...]
Premier Foods’ share price tanks as Aldi, Lidl and online shopping weigh on manufacturer October 23, 2014 Food manufacturer Premier Foods reported lower third-quarter sales yesterday, hit by consumers turning to online shopping or discount chains that stock their own brands for groceries. Shares tanked 14.6 per cent on the disappointing results yesterday to close down at 29.25p. “Market conditions in the third quarter have proved to be increasingly demanding with unprecedented [...]
Aldi UK profits jump nearly 66 per cent September 29, 2014 Group turnover at budget supermarket Aldi rocketed more than 35 per cent in the UK and Ireland during 2013, while pre-tax profits soared by nearly two-thirds, it said today. Sales at the discount grocer rose to £5.27bn for the year to December 31, 2013, up from £3.89bn the preceding year. Pre-tax profits, meanwhile, jumped [...]
Tesco beware: Aldi to double UK store count September 11, 2014 Tesco beware – Aldi has set its sights on the UK as a market ripe for growth, and it's backing its expansion plans with £70m. The budget supermarket today announced plans to almost double the number of stores in the UK from 531 to 1,000, and expand its UK headquarters in Atherstone, Warwickshire. The [...]
Tesco loses market share as more than half of Brits now shop at Aldi and Lidl August 27, 2014 Tesco's rival Asda has eaten away at its market share, while more than half of Brits now shop at budget grocers Aldi and Lidl, according to Kantar Worldpanel figures. The data released this morning shows over the 12 weeks to 17 August, grocery price inflation has fallen for the 11th consecutive period and is [...]
Aldi closes in on Waitrose as the discounters scent blood July 29, 2014 The challenges facing Britain’s big four grocers was further laid bare yesterday after new data revealed that Aldi was poised to overtake Waitrose to become the country’s sixth biggest supermarket. Kantar Worlpanel data released yesterday showed Aldi’s sales jumped 32 per cent year-on-year in the 12 weeks to 20 July, bringing its market share within [...]
How Aldi is about to overtake Waitrose and become the sixth largest supermarket in Britain July 29, 2014 Aldi and Lidl continue to win in the battle of the supermarkets as their market share surged and sales were up, leaving the big four- Tesco, Asda, Sinasbury's and Morrisons- trailing behind when it comes to growth. Aldi’s stellar performance places it almost level with Waitrose as the big four continue to feel the pressure [...]
Karl Albrecht obituary: Aldi co-founder dies aged 94 July 21, 2014 Karl Albrecht, the billionaire co-founder of the Aldi discount supermarket chain, died on Wednesday 16th July, aged 94. The growth of Aldi, the name of which is a contraction of Albrecht Discount, made Karl Germany’s richest man, and 24th richest in the world, with an estimated fortune of $25.9bn (£15.2bn), according to Forbes. Karl, who [...]