Aldi and Lidl to grab more sales from supermarket stores June 30, 2014 The amount of money spent at Britain’s larger supermarket stores is set to shrink over the next five years, new figures show, as competition from discounters, convenience stores and online gathers pace. According to research released yesterday by the industry body IGD, the value of the UK grocery market is set to rise by 16 [...]
Morrisons warns of discounters’ growing threat June 26, 2014 MORRISONS boss Dalton Philips warned yesterday that discounters could grow to as much as 25 per cent of the grocery market if supermarkets fail to “face the brutal reality” of the changes taking place and fight back. Speaking at the British Retail Consortium’s annual symposium, Philips said the threat posed to the UK’s big four [...]
Fitch slashes Tesco credit rating June 23, 2014 Tesco came under renewed pressure yesterday after Fitch downgraded the troubled supermarket’s credit rating amid growing competition in its home market. Fitch said it has cut its rating from BBB+ to BBB, citing increasing competition from the hard discounters Aldi and Lidl and the mounting price war among the big four grocers. The downgrades comes [...]
Morrisons ramps up assault on rival supermarkets after slashing more prices June 23, 2014 Morrisons has launched a fresh round of price cuts today as the troubled supermarket group steps up its efforts to win back shoppers defecting to cheaper rivals. Britain’s fourth-largest grocer will cut the price of a further 135 grocery and household products today by an average 14 per cent. “These are permanent price cuts, not [...]
Danish discount retailer Netto teams up with Sainsbury’s in UK return June 20, 2014 Danish international discount grocery retailer Netto is returning to the UK, teaming up with Sainsbury's as the supermarket chain attempts to take on rivals Aldi and Lidl. This is an attempt by Sainsbury's to reposition itself, via Netto, to tackle the burgeoning discount store market that has grown rapidly in recent years and started [...]
Lidl owner Schwarz Group to be biggest grocery retailer in western Europe by 2018 | City A.M. June 18, 2014 Schwarz Group, the owner of cut-price supermarket Lidl, is set to become the top grocery retailer in western Europe, with the German company likely to overtake current market leader French rival Carrefour by 2018 and perhaps as soon as the end of next year,a report released by Planet Retail yesterday claimed. With Schwarz Group only [...]
Lidl owner to be biggest grocery retailer in western Europe by 2018 June 17, 2014 Schwarz Group, the owner of cut-price supermarket Lidl, is set to become the top grocery retailer in western Europe, with the German company likely to overtake current market leader French rival Carrefour by 2018 and perhaps as soon as the end of next year,a report released by Planet Retail yesterday claimed. With Schwarz Group only [...]
Aldi aims to double its UK stores to 1,000 June 16, 2014 Aldi aims to double the number of UK stores to more than 1,000 by 2021, as the cut-price supermarket looks to build more momentum among British shoppers. “For the foreseeable future, 65 new stores a year is not out of the question. We are opening 55 this year. We think 1,000 stores is an absolute [...]
Justin King confident Sainsbury’s will still outperform June 11, 2014 Sainsbury’s outgoing chief executive Justin King said he was confident that the supermarket chain would continue to outperform its rivals long after he had gone, despite the group reporting a fall in like-for-like sales for a second consecutive quarter. King has overseen nine years of unbroken growth during his time at the company and has [...]
Bottom Line: As the going gets tough, Justin King gets going June 11, 2014 There was a lot of back-slapping at Sainsbury’s yesterday, with Justin King talking up his successor, and his successor lavishing praise on the soon-to-depart chief executive. “When Justin started at the business we were serving 14m customers a week, and now we’re serving 24m a week. That’s a great achievement,” enthused Mike Coupe. King insists the [...]