John Lewis pushes turnaround plan back two years as losses narrow September 14, 2023 Losses at John Lewis have shrunk but the struggling retailer warned that its ambitious partnership plans have been pushed back two years.
Grocery price inflation drops to its lowest level in over a year September 12, 2023 Grocery price inflation dropped to its lowest level in over 12 months, falling 12.2 per cent for the four weeks to September, new data shows.
Ocado unveils price cuts on 200 goods as shares rise slightly August 23, 2023 Ocado’s share price grew just under one per cent on Wednesday following news it would slash prices on 200 more goods to entice customers. In recent months the tech-driven supermarket, which is owned as part of a joint venture with M&S, has been distancing itself from its reputation as an upmarket grocer with the brand [...]
Cost of living crisis: 63 per cent of Brits now shop at discount grocery stores August 22, 2023 More than half of shoppers now shop at discount grocery stores as Brits continue to seek out bargains amid the cost of living crisis. According to new data released by NIQ, in the last four weeks some 63 per cent of the public shopped at value chains such as Aldi, B&M and Poundland, with over [...]
Aldi on the hunt for 1,700 new staff members as demand for value goods grow August 17, 2023 Aldi is looking to hire 1,700 more warehouse staff this year as the grocery discounter steams ahead with its UK expansion plans. The German value retailer is ramping up the number of full-time and part-time positions at its Regional Distribution Centres and employees will be offered salaries of up to £53,000 per year. Its hiring [...]
Grocery price inflation drops sharply to 12.7 per cent August 15, 2023 Grocery price inflation saw its second sharpest fall since 2008, falling 2.2 percentage points to 12.7 per cent for the four weeks to 6 August, new data shows. While food prices are still rising, some goods actually became cheaper, with shoppers paying £1.50 for four pints of milk, down from £1.69 in March, and a [...]
Tesco to swap cheaper product lines into convenience shops August 11, 2023 Tesco is to swap cheaper product lines into its convenience stores as shoppers battle the rising cost of living. It revealed that more than 50 everyday products in its smaller Express shops will be replaced by better priced alternatives, many from its own-brand range. The move comes as German discounter rivals Aldi and Lidl have [...]
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 [...]
M&S looks to revamp Ocado Retail after chair warns there is ‘work to do’ July 10, 2023 M&S is looking to revamp its joint venture with Ocado as the high street stalwart grows frustrated with the firm’s poor performance, bringing the brands falling profits back to the forefront of investors’ minds. M&S chairman, Archie Norman, told investors at the firm’s AGM last week that there was “work to do” regarding the performance [...]