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, [...]
ITV experiences advertising sales slowdown May 8, 2016 ITV is expected to announce a slowdown in advertising sales in a trading update this week Ad revenue growth is believed to have all but stopped in the first three months of this year although first-quarter revenues are expected to have risen by 12%, due to the continued success of ITV’s production division. Adam Crozier, [...]
Queen’s 90th and Euro 2016 offer hopes to pubs as beer sales decline steadies May 5, 2016 The decline of beer sales is steadying – and the Queen has helped improve the fortunes of pubs further, according to the British Beer and Pub Association. The decline of sales slowed in the first quarter of 2016, falling one per cent on the first quarter of 2015, according to the Beer Barometer. It said [...]
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 to double the number of click and collect grocery sites as full-year results loom May 3, 2016 Sainsbury's is doubling the number of click & collect sites in its store car parks over the next 12 months to take the total number to 200. The supermarket chain said its "drive thru" service was proving popular with customers as shopping habits change and plans to launch a further 100 sites by May 2017. “We know that time is precious [...]
Cheers to that: Waitrose doubles Scottish craft beer offering in its Scotland stores May 2, 2016 Waitrose has become the latest supermarket to significantly expand into the world of craft beer, placing 49 new Scottish-brewed offerings on its shelves in the country from today. The upmarket grocer, which only has seven stores in Scotland, has doubled the number of Scottish craft beer and ales it stock and has increased the number of breweries it [...]
Discount high street chain launched by Christo Wiese and ex-Asda boss Andy Bond plots more store openings April 28, 2016 Pep&Co, a discount variety chain launched last year by former Asda boss Andy Bond and Christo Wiese, the South African retail magnate, has announced plans to roll-out more stores this autumn after opening 50 sites in just over 50 days last summer. Wiese already snapped up discount chain New Look through his investment vehicle Brait in 2014. However, [...]
Supermarkets brace for fresh CMA criticism in latest phase of pricing super-complaint investigation April 26, 2016 The competition watchdog is expected to crack down on pricing in the UK’s supermarkets tomorrow morning. The Competition and Markets Authority (CMA) is set to publish the latest phase of its response to a so-called super-complaint raised last year about predatory pricing tactics by major grocers. Earlier it was reported by Sky News that Asda has been [...]
Procter & Gamble beats expectations but warns over its fourth quarter sending the share price lower April 26, 2016 Procter & Gamble shares dropped in early trading in New York after the company announced third-quarter earnings above estimates, but warned its results in the fourth quarter will be worse than last year. The global consumer goods company, which makes everything from shampoo to toilet paper, said profits rose to $2.75bn (£1.88bn), or 97 cents per share, up from $2.15bn, or 75 [...]
Average weekly disposable income climbed in March, according to Asda’s income tracker April 26, 2016 The average weekly disposable income climbed to £198 per UK household in March according to Asda’s latest income tracker. Families were £12 better off year-on-year. This means that annual growth in spending power has remained above £10 for 17 consecutive months. London saw spending power rise slightly, up £14 on the same period last year. [...]