For Asda boss Andy Clarke, the nadir may be yet to come May 20, 2016 It takes a brave man to call the bottom. It's just so easy to get it wrong. Asda boss Andy Clarke certainly appears to have jumped the gun when he said last August that the Walmart-owned supermarket had reached its “nadir”. At the time, his words were meant to give reassurance that, although the business [...]
Five challenges Amazon faces plotting its own-brand products May 17, 2016 Reports that Amazon is branching out into private-label groceries make sense for the retail giant. In a sluggish market own label is one of the few healthy areas, growing by 1.5 per cent in the first quarter of 2016. Retailers aren’t seen as credible without an own label range, but developing a strong offer takes time and Amazon will [...]
Watch out Tesco, now Amazon’s creating its own-brand range May 16, 2016 Is Amazon trying to eat even more of Tesco and the rest of the supermarkets' lunch? Not satisfied with muscling in on the grocery world with speedy deliveries straight to your door, the retailer-slash-tech giant is now planning on selling its own-label range of food and other sundries, according to reports. A new line of products that [...]
Supermarket wines from Aldi, Asda, Tesco, Waitrose, Marks & Spencer and others uncork victory at International Wine Challenge May 11, 2016 Supermarket wines won big yesterday at the 2016 International Wine Challenge (IWC), with budget grocers Aldi and Asda joining premium brands such as Waitrose and Marks & Spencer in the gold-winning big leagues. Gold medals were award to 28 wines created for supermarkets in total at the world-renowned competition, which included offerings from Aldi, Asda, [...]
Morrisons sales nudge up again as management “simplifies and speeds up” business May 5, 2016 Morrisons' like-for-likes have risen again, continuing the signs of green shoots emerging from the troubled supermarket. The figures Like-for-likes excluding fuel rose 0.7 per cent in the 13 weeks to 1 May. That follows on from growth registered in its Christmas trading update in January, which was the first time the supermarket had been in [...]
Sales at Asda, Morrisons, Tesco and Sainsbury’s all drop for the first time in a year May 4, 2016 The supermarket sector has suffered yet another setback, with sales at all of the Big Four declining in the last quarter, while – you guessed it – Aldi and Lidl posted double-digit growth. Asda was the poorest performer of the biggest supermarkets, with sales dropping 5.1 per cent according to Kantar Worldpanel, followed by Morrisons, which dropped 2.6 per cent. Sales at Tesco [...]
Sainsbury’s beats forecasts on results, but profits and sales still slide as Mike Coupe warns of tough road ahead May 4, 2016 Sainsbury's share price fell this morning as full year profits came in ahead of analyst forecasts – but still show a hefty year-on-year decline as the price wars continue to take their toll. The figures The supermarket reported group sales of £25.8bn for the 12 months to 12 March – down 1.1 per cent on the same period last [...]
Lidl steps up expansion with plans for giant distribution hub in Devon, creating 500 jobs April 18, 2016 Lidl has revealed plans to build a new distribution centre in Devon, as the fast-growing discounter presses ahead with its expansion in the south west of England. The supermarket chain bought the site in Clyst Honiton near Exeter airport in February from Sainsbury’s after the rival chain aborted its own plans for a depot. Read [...]
Pepsico’s revenue drops three per cent, but earnings beat analyst expectations April 18, 2016 Pepsico's reported revenue fell by 2.9 per cent in its first quarter, but its earnings beat analysts' expectations. The figures In the quarter to 19 March, the Pepsi, Tropicana and Quaker porridge maker reported net income attributable to the firm of $931m (£657m), down from $1.22bn in the same period last year. Its net revenue was $11.86bn, down [...]
Asda and Aldi recall white and dark rums over fears of glass fragments in bottles produced by Glen Turner Co April 14, 2016 Bottles of dark and white rums sold in Aldi and Asda have been recalled by the food and drinks watchdog over concerns the bottles may contain "small fragments of glass". The spirits producer Glen Turner Co, which supplies both supermarket chains, has recalled 70cl bottles of rum on a precautionary basis as they pose "a [...]