Aldi hails record sales as profit surges by almost £400m but loses market share September 9, 2024 Aldi has lost market share despite achieving record sales during its latest financial year as its profit surged by almost £400m, new figures have revealed. The Warwickshire-headquartered UK arm of the German supermarket giant lost 0.2 per cent to report a market share of 10 per cent in 2023. That’s despite Aldi posting record sales [...]
How Heck! sausage mogul rejected yachting career to captain family business September 6, 2024 Following a rocky five years which saw sausage maker Heck plummet into the red, the 33-year-old entrepreneur at the helm of the family business said growth is finally on the horizon. From a pre-tax profit of almost £722,000 in its 2018 financial year, in 2021 the brand, which is headquartered on a 500-acre farm deep [...]
Inside Asda’s turnaround plan to win back customers from supermarket rivals August 9, 2024 It’s a difficult time to be at Asda’s helm – with sales down as well as competitors eating into its market share, the supermarket giant has announced an ambitious three-point turnaround plan to stave off further declines. Without a permanent CEO – the position has been empty since 2021 and filled on an interim basis [...]
Iceland sheds 1,000 jobs as sales pass £4bn and loss slashed August 6, 2024 Sales at supermarket giant Iceland passed the £4bn mark during its latest financial year as its pre-tax loss was slashed by more than £30m, according to newly-filed accounts. The Flintshire-headquartered chain has posted a revenue of £4.2bn for the year to March 29, 2024, up from the £3.9bn it reported during the prior 12 months. [...]
Problems at Asda look set to continue as workers strike again July 24, 2024 This week, Asda workers - with the support of GMB union - announced the latest strike action in a months-long string of collective action and demonstrations.
Farmfoods adds hundreds of new jobs as turnover passes £1bn for the first time July 16, 2024 Farmfoods has added more than 200 new jobs to its team as its turnover breezed past £1bn for the first time in its history, according to newly-filed documents.
Morrisons shakes off Aldi and Lidl competition as sales continue to rise June 25, 2024 Morrisons shook off competition from discount rivals Aldi and Lidl to post another rise in sales during its latest quarter.
Weetabix: Shoppers switching to supermarket own brand squeezes profit June 25, 2024 Shoppers switching to supermarket own brand cereals has squeezed Weetabix's profit despite its sales edging up, according to newly-filed documents.
Supermarkets hope for Euro 2024 boost as Asda and Co-op lose ground June 18, 2024 Asda and the Co-op are the only major supermarket brands in the UK to have lost market share over recent weeks, according to new figures.
Warburtons: Record sales as shoppers rush to grab bakery’s fruity buns June 14, 2024 Bakery giant Warburtons more than doubled its profit after it poured investment into diversifying its product range beyond its iconic loafs.