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 [...]
Abandon your prejudices and drink rosé this summer July 29, 2014 It’s high summer and that can only mean one thing: death by rosé. At the barbecues and on the patios of England, pink wine is being served by the gallon. We all smile politely and neglect to tell our hosts that most of it is barely drinkable. Like others I have always been a rosé [...]
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 sale rise, leaving the big four- Tesco, Asda, Sinasbury's and Morrisons- trailing behind. Aldi’s stellar performance places it almost level with Waitrose as the big four continue to feel the pressure from discounters. The latest figures from [...]
B&M Retail hails strong maiden results after IPO delivers windfall payout July 28, 2014 B&M Retail, the discount shopping chain, yesterday reported a strong start to the year in its first trading update since its stock market debut in May. The fast-growing chain, which sells everything from bedding to barbecues, said group sales jumped by 31.9 per cent to £367m in the first quarter to 28 June. UK sales [...]
Tesco veteran Andrew Higginson to chair Morrisons after 15 years at supermarket July 28, 2014 Tesco’s former finance boss Andrew Higginson is expected to be appointed as the chairman of rival supermarket chain Morrisons. Current chairman Sir Ian Gibson has been in the position since September 2007, and last month announced his intention to stand down. Retail veteran Higginson spent 15 years on the board at Tesco, with 11 as [...]
Giraffe restaurant’s co-founders Juliette and Russel Joffe quit July 28, 2014 Giraffe’s co-founders Juliette and Russel Joffe quit their jobs at the restaurant chain yesterday, just over one year after they and fellow founder Andrew Jacobs sold the chain to Tesco. Jacobs is staying on in his job, while the Joffes will continue some work with Tesco in a consulting capacity. Giraffe has 60 sites, including [...]
Supermarkets cut fuel prices July 28, 2014 THE LATEST round of petrol price wars kicks off today, as three of the country’s largest supermarket chains lower the cost at the pumps. Tesco, Asda and Sainsbury’s have all slashed 2p per litre off the price of diesel and petrol. Morrisons has not yet followed suit, but says it “will be evaluating [its] pricing [...]
Supermarkets say Tesco tax would raise the price of food July 28, 2014 A senior executive at Sainsbury’s slammed proposals to levy another new tax on supermarkets yesterday, saying that the plans would lead to higher food prices. Derby City Council has proposed that local councils be permitted to introduce a “local levy” to supplement existing business rates, adding up to 8.5 per cent, to be kept by [...]
Inside Track: Sands deserves praise for facing critics July 27, 2014 Say what you like about Standard Chartered chief executive Peter Sands, and many people have in the past few days, he deserves credit for facing his critics. Sands knows that the performance of the emerging markets bank he runs hasn’t been all it could have been during the last few months. But on Thursday last [...]
Ex-Asda bosses Archie Norman and Allan Leighton linked to Morrisons chairman role July 27, 2014 Former Asda bosses Archie Norman and Allan Leighton are said to be in the running to become the new chairman of troubled supermarket chain Morrisons. Norman and Leighton were credited with reversing Asda’s fortunes in the 1990s and are both seen as plausible candidates to help revive the chain, which has been losing market share [...]