Asda continues to lose market share while grocery inflation rises for first time since March 2023 August 13, 2024 Asda and the Co-op have continued to lose market share while a rise in grocery inflation has led to overall sales increasing significantly for Tesco, Sainsbury’s and Lidl. Take-home sales at the grocers rose by 3.8 per cent in the four weeks to August 4, 2024, compared with the same period a year ago, according [...]
Who is Asda’s chair and why does he want Mohsin Issa to step away? August 12, 2024 Depending on your age and your attention span towards the in and outs of the UK retail scene, you may or may not have heard of Lord Stuart Rose. Knighted in 2008 for his services to the retail industry, he has spent twenty years running some of the biggest names in UK retail: Argos, Marks [...]
Inside Asda’s turnaround plan to win back customers from supermarket rivals August 9, 2024 It’s a difficult time to be at Asda’s helm – with sales down as well as competitors eating into its market share, the supermarket giant has announced an ambitious three-point turnaround plan to stave off further declines. Without a permanent CEO – the position has been empty since 2021 and filled on an interim basis [...]
Tiktok strikes gold with Team GB: 25 per cent revenue surge in UK during Olympics August 9, 2024 Tiktok’s revenue has soared since the start of the Olympics thanks to an increase in advertising spend after it launched a campaign to debut GB athletes on the platform and as audience interest in the Games has piqued. The video sharing app, which is an official partner of Team GB and Paralympic GB, has revealed [...]
‘It’s not where we want to be’: Asda sales shrink as supermarket rivals eat into market share August 8, 2024 Asda’s sales have dropped again after it continued to lose market share to its supermarket rivals, according to new figures. Revenue in its second quarter of its financial year was down 2.2 per cent, with a 5.3 per cent like-for-like decline, as its sales slump accelerated. Competitors like Morrison’s, Tesco and Sainsbury’s have been slowly [...]
Paris 2024 adverts: The best and worst Olympics commercials July 24, 2024 As the sports advertising world attempts to catch its breath after the highs and lows of the Euros, the Olympics and Paralympics have other ideas, with Paris 2024 welcoming the world’s best athletes and the world’s biggest brands for a month of sporting excellence. Whilst every brand and his dog tried to tap into authentic [...]
Grocers vs bargain chains: Discount competition is heating up July 23, 2024 The discount sector is crowded and competitive: Aldi, Lidl, Poundland and B&M are only a few of the retailers vying for space. The market for discount goods has been growing over the last few years, but not every company has been a winner – only a few stores have managed to attract and keep customers. [...]
Farmfoods adds hundreds of new jobs as turnover passes £1bn for the first time July 16, 2024 Farmfoods has added more than 200 new jobs to its team as its turnover breezed past £1bn for the first time in its history, according to newly-filed documents.
Village Bakery: Private equity owner sells business to French bread maker July 10, 2024 The private equity firm behind Village Bakery, which supplies the likes of Tesco, Aldi and Five Guys, has sold its controlling stake in the firm to a French giant.
Sainsbury’s shares slip as investors spooked by latest update July 2, 2024 Sainsbury's food sales have continued to grow with the supermarket gaining a boost from its one hour grocery delivery service and its Aldi price match scheme.