A Merry Lidl Christmas: Lidl doubles Prosecco sales in record Christmas trading January 11, 2017 Lidl has bagged its best ever Christmas sales figures as it doubled its Prosecco sales in December. The discount grocer celebrated a 10 per cent sales increase year-on-year in December, but shoppers weren't just reaching for the booze – sales of carrots parsnips, Brussel sprouts and potatoes jumped 60 per cent. Turkey sales increased by 40 per [...]
Supermarkets had a record Christmas – but prices are rising January 10, 2017 Supermarkets had a record Christmas period in 2016, with sales growing at their fastest rate since June 2014, but prices are finally starting to rise following the Brexit vote. The latest figures from Kantar Woldpanel show that sales were up 1.8 per cent for the 12 weeks ending 1 January. Consumers spent nearly half a billion pounds [...]
Consumer spending cooled in December after post-Brexit spending spree January 10, 2017 Consumer spending cooled towards the end of 2016, pointing to a slowdown in Britain's spending spree following the Brexit vote. In October and November, consumer spending growth hit 5.5 per cent and 5.1 per cent respectively, according to Barclaycard. But this figure fell to four per cent growth year-on-year in December. Read more: Aldi bags [...]
Manufacturing giant Premier Foods to increase prices due to Brexit vote January 10, 2017 Premier Foods, the supplier of iconic brands such as Mr Kipling cakes and Bisto gravy, is in talks with its major retail customers about lifting prices due to a double whammy of weaker sterling and higher commodity costs. City A.M. can reveal that the listed food manufacturer last month opened discussions with the likes of [...]
Aldi bags record Christmas sales after a year of store openings January 9, 2017 Aldi boosted its Christmas sales in 2016 after a bumper year of store openings. The discount supermarket opened seventy new stores throughout the year, leading it to 15 per cent year-on-year sales growth in December – its highest growth since landing in the UK in 1990. Aldi did not disclose its like-for-like sales growth for the [...]
Solid fare expected from the UK’s listed supermarkets this week, including Tesco and Morrison’s, as a raft of retailers reveal their seasonal sales results January 8, 2017 The UK's three major listed supermarkets are expected to report solid Christmas trading this week, although investor focus will be on the outlook given this year's expected squeeze on consumer spending. On 10 January, Morrison's is expected to report underlying sales growth of 1.1 per cent for the nine weeks to 1 January according to [...]
Christmas spending splurge fails to push high street sales into positive territory January 6, 2017 High street shops ended a disappointing year with a dismal performance during the festive season, failing to land positive sales despite bumper spending in the week before Christmas. Christmas fell on a Sunday this year, meaning shoppers had an extra day to spend, but like-for-like sales growth on the high street still came in at [...]
A Lidl competition: Aldi becomes the highest-paying supermarket in the UK January 5, 2017 Aldi has given its employees a late Christmas present as it unveiled new pay rates this morning – and boasted that the new deal will make it the highest-paying employer in the supermarket sector. The supermarket is known for offering the cheapest groceries in the UK, but is now insisting it won't settle for a [...]
Half of us will buy Christmas dinner at discount supermarkets this year December 7, 2016 Nearly half of us are going to buy our Christmas meal from one of the discount supermarkets this year. Aldi and Lidl have steadily being growing their share of the grocery market as shoppers looking for cheaper and cheaper prices. Read more: Iceland Foods wants "peaceful coexistence" with Iceland (the country) But, the discounters have [...]
One of the UK’s largest breweries just crowdfunded £2.5m, proving the people want craft beer November 30, 2016 The UK's second largest craft brewery, Innis & Gunn, just doubled its crowdfunding target, allowing it to accelerate growth and open its first bar-restaurant in England a year ahead of schedule. The Scottish brewery raised nearly £2.5m on the investment crowdfunding platform Crowdcube in a campaign launched on 1 November. The company had sold 4.79 per cent of its share capital to 2,012 investors at the [...]