Can Sainsbury’s flat earnings squash profiteering claims? November 2, 2023 Sainsbury's has been ramping up its loyalty Nectar card scheme so that shoppers can get discounts on their groceries during a period of high inflation.
Tesco UK chief steps down as Britain’s biggest supermarket brings in former Aldi top exec October 26, 2023 Tesco’s UK division will bring in a senior executive from challenger grocer Aldi, following the departure of its veteran chief. Britain’s biggest supermarket said Matthew Barnes will take over after Jason Tarry today announced his upcoming departure today, following 33 years with the company. Tarry, who has been at the top for six years, will [...]
Aldi and Morrisons to create thousands of jobs in run-up to Christmas October 6, 2023 Two supermarket giants Aldi and Morrisons have announced plans to recruit thousands of workers ahead of the busy festive season. Aldi is creating 3,000 permanent and temporary jobs, while Morrisons is looking for 3,500 extra staff to work in its stores, food manufacturing sites and logistics operations as both firms deal with expected increased demand [...]
Aldi throws £1.4bn into expansion as discount grocer enjoys record sales September 25, 2023 German discounter Aldi will invest £1.4bn over two years to support its expansion plans, as customers seeking out cheaper groceries continues to be a boon for the business. The value supermarket revealed today that its annual sales increased by a whopping £2bn to £15.5bn in the year to December, a record for the store in [...]
Lidl swings to loss of £76m as fight to keep prices low offset by surging costs September 14, 2023 Discount supermarket chain Lidl has revealed its British arm swung to an annual loss after battling to keep a lid on prices as its costs rose “across the board”. The group reported pre-tax losses of £76 million for the year to February 28 against profits of £41.1 million the previous year as it also invested [...]
Trust in supermarkets at 10-year low like ‘dark days of horsemeat scandal’ August 29, 2023 Trust in supermarkets has plunged to its lowest level in nearly a decade as consumers continue to worry about high prices, despite food inflation showing signs of easing. In August the grocery sector received a trust score of +30 -on a scale of -100 to +100 -from British shoppers, a new study by Which? revealed [...]
Food promotions now make up 22.5 per cent of grocery sales – and it’s up a fifth from last year July 25, 2023 Promotions on food and other items now account for 22.5 per cent of grocery sales, as Brits continue to seek out bargains amid the cost of living crisis. The figure has risen from 20 per cent last year in the same period last year and is the highest over the past 12 months excluding Christmas and [...]
Grocery inflation remains ‘incredibly high’ but falls for fourth straight month thanks to supermarket promotions July 18, 2023 Grocery price inflation has seen the biggest drop since its peak in March but remains “incredibly high”, figures show. Supermarket promotions helped the figure fall to 14.9 per cent in the four weeks to July 9, down from 16.5 per cent over the previous month, according to analysts Kantar. It is the fourth month in [...]
CMA takes aim at supermarkets for weakening fuel price competition – as Brits pay nearly £1bn more for fuel July 3, 2023 Increased supermarket profit margins led to drivers paying almost £1bn more for fuel last year, the Competition and Markets Authority (CMA) has found. Following a year long investigation, the watchdog said today that average supermarket fuel margins rose by 6p per litre between 2019 and 2022, with £900m syphoned out of customers pockets in total. [...]
Sainsbury’s profits takes inflation and cost of living hit as supermarket faces stark choice April 27, 2023 In its full year results for the year ending 4 March 2023, Sainsbury’s pre tax profits fell from £854m to £327m as the retailer battled to keep its pole position as one of the UK’s largest supermarkets. The supermarket giant said it was impacted by non-cash asset impairments, driven by a higher discount rate, and [...]