Tesco market share rises as Asda sees dip May 24, 2011 TESCO’S market share rose for the first time since November last year, according to Kantar Worldpanel market share data. For the 12 weeks to 15 May Tesco’s market share rose to 30.7 per cent, from 30.6 per cent. The only other retailer in the top four to increase its share was fourth-placed Morrisons. Its share [...]
THE TIPSTER May 9, 2011 SAINSBURY’S, the third largest supermarket by market share after Tesco and Asda, is expecting a rise in pre-tax profit by eight per cent to £659m when it reports on Wednesday. The top three chains have all dropped market share since April 2010, which suggests shoppers may be looking for cheaper alternatives such as Aldi and [...]
Supermarket sales slowing as shoppers rein in spending March 1, 2011 SALES growth at grocers slowed in February, despite higher prices, according to market research published yesterday, adding to signs of growing caution among consumers since the start of the year. Kantar Worldpanel said grocery sales rose 3.9 per cent year-on-year in the 12 weeks to 20 February, down from 4.2 per cent growth for the [...]
M&S sales rise but year ahead set to be harsh January 11, 2011 MARKS & SPENCER saw sales rise in the key Christmas period but the retailer warned that 2011 would be tough, with austerity measures and the spectre of inflation rises to take their toll. Same-store sales rose 2.8 per cent in the UK in the 13 weeks to 1 January despite the impact of the snow. [...]
Northern Foods and Greencore plan merger November 17, 2010 Food manufacturer Northern Foods has agreed to merge with Ireland’s Greencore Group to create a combined group with annual sales of around £1.7bn. The deal will see the creation of a combined business to be named Essenta Foods which will be headquartered in Dublin, the companies said in a joint statement. Northern Foods shareholders will [...]
Frozen food fall hits Northern November 9, 2010 Northern Foods yesterday posted a 34 per cent fall in first-half underlying pre-tax profit as it was hit by lower demand at its Frozen division, which makes pizzas to pies. The company, which makes own-label products for retailers as diverse as premium food seller Marks & Spencer and discounter Aldi, said trading conditions at its [...]
Restructuring cuts Northern Foods’ costs October 5, 2010 food manufacturer Northern Foods saw sales growth accelerate in its second-quarter and said it was changing the structure of its business to save money as it braces for a possible double-dip recession. “We don’t know whether there’s going to be a double-dip or not but we are planning for it and keeping a weather eye [...]
Lidl loses UK managing director after one year September 6, 2010 LIDL UK managing director Frank-Michael Mros is understood to have stepped down from his post. According to reports in Germany, where Lidl is based, Mros, who replaced Marcel Oosterwijk last summer, stepped down from the post last week. Lidl declined to comment yesterday. His appointment was controversial as he was the previous boss of Germany [...]
Food inflation to benefit UK supermarkets September 6, 2010 UPWARD pressures on food prices appear to be here to stay. Global demand is increasing while droughts and fires last month hit harvests in Russia and Ukraine. Market researcher Kantar Worldpanel anticipates that UK grocery inflation will rise to an annualised 4 per cent by the end of 2010 from its current rate of 2 [...]
Aldi’s co-founder Theo Albrecht dies July 28, 2010 THEO Albrecht – one of the founding brothers of the Aldi grocery chain – has died at the age of 88. Albrecht had a personal fortune of more than £10bn. He died in his home city of Essen, on Saturday. Together with his brother Karl, two years his senior, he built up Europe’s biggest budget [...]