Discounters grab market share from UK’s leading supermarkets October 22, 2013 SAINSBURY’S was the only one of the big four supermarkets to gain market share in the 12 weeks to 13 October as discounters continued to put pressure on Britain’s grocers, Data from Kantar Worldpanel out yesterday showed Aldi’s sales leapt by 31.7 per cent year-on-year, gaining record market share of 3.8 per cent against three [...]
Tesco hit by ratings warning as it unveils refreshed luxury range October 7, 2013 TESCO yesterday relaunched its Finest range of luxury produce, though the redesign was not enough to stop a debt rating warning from Moody’s last night. The supermarket, which spent tens of millions of pounds and the better part of a year on the redesign, has recently lost out on UK sales growth to both the [...]
Sainsbury’s wins battle of the big supermarkets with rise in sales… October 2, 2013 SAINSBURY’S chief executive Justin King yesterday conceded that the days of Britons shopping at one supermarket were over as the grocer posted strong second quarter sales yesterday ahead of rivals. King said the growing strength of discounters such as Aldi reflected this change in shopping behaviour. “I should think all of our shoppers are shopping [...]
Brand Index: Price-conscious shoppers are feeling festive about Aldi October 1, 2013 ALDI has been on the rise this week. The discount grocer said its pre-tax profits had more than doubled in 2012, and during the year it attracted 1m additional shoppers. The company also revealed that it is launching a new own-brand line of cut-price luxury foods in time for the Christmas season. Aldi has a [...]
Aldi’s extra 1m customers help double profits September 30, 2013 DISCOUNT supermarket chain Aldi said yesterday it more than doubled its profits in the UK last year, as it lured more than a million shoppers from more upmarket rivals and grabbed a bigger share of the market. The German group, which will open its 500th UK store next month, posted a pre-tax profit of £157.9m [...]
Aldi sees a doubling of annual profits and a 40.6 per cent leap in sales September 30, 2013 Budget supermarket Aldo has announced a 40.6 per cent increase in sales last year, rising to £3.8bn, with profit doubling from £70.5m to £157.9m, moving away from the pack of other UK supermarkets in terms of growth. With a growing middle class clientele and one million extra customers coming through the doors of its 500 [...]
Trouble ahead for Tesco as JP Morgan downgrades supermarket September 25, 2013 Tesco have been downgraded to underweight by J.P. Morgan. The supermarket is expected to underpeform due to structural changes in the UK food industry which may have a particularly damaging effect on Tesco. According to JP Morgan's Jaime Vazquez: In our view, pricing architecture is an industry problem, but is of most concern to Tesco [...]
Waitrose and discounters thriving September 24, 2013 DISCOUNT supermarket Aldi saw year-on-year sales growth of a record 32.7 per cent in the 12 weeks to 15 September, according to new industry data, as upmarket rival Waitrose also upped market share. Waitrose achieved growth of 9.7 per cent year-on-year, Kantar Worldpanel said, well above market growth of 4.2 per cent. But Tesco, which [...]
Bridgepoint in €585m deal September 3, 2013 PRET a Manger owner Bridgepoint yesterday beat off stiff competition to buy AHT Cooling, which supplies fridges and freezes to supermarkets including Lidl and Aldi. The private equity firm will pay €585m to Quadriga Capital and Partners group to takeover the Austrian-based company. City A.M. understands the deal is backed by about €280m of senior [...]
Sainsbury’s sales boost retailer to a larger share of the market August 28, 2013 SAINSBURY’S has successfully raised its share of the market through 2013, with sales growing as other retailers slip behind. In the 12 weeks to 18 August, Sainsbury’s saw a 49 per cent hike in sales, when compared to the same period last year, rising from £3.86bn to £4.05bn. According to the figures, collected from 30,000 [...]