Sainsbury’s suffers Christmas sales slowdown as Black Friday hurts the supermarket January 9, 2019 Like-for-like sales at Sainsbury’s fell by 1.1 per cent over the Christmas period, the supermarket said today. Total sales excluding fuel dropped by 0.4 per cent in the 15 weeks to 5 January, while general merchandise sales fell by 2.3 per cent and clothing by 0.2 per cent. Read more: Aldi sales hit £1bn in record Christmas [...]
Discounters win war of the supermarkets amid sluggish Christmas growth January 8, 2019 Aldi led the way during a record-breaking Christmas for groceries, even as sales growth slowed across the sector. The supermarket increased sales by 10.4 per cent, narrowly beating fellow discounter Lidl to the top spot, figures from Kantar Worldpanel show. “The discounters have continued to make their mark over Christmas: two-thirds of all households shopped [...]
Supermarkets drop fuel prices for seventh time since October January 7, 2019 Supermarket chains Asda, Sainsbury's and Morrisons will cut prices at fuel pumps from tomorrow as a lower oil price continues to be passed on to consumers. For the seventh time since late October Asda has said it will lower the price at its 320 petrol stations. Customers will pay 1p per litre less for unleaded petrol, or no [...]
Sainsbury’s begins search for new banking chief as Peter Griffiths prepares to retire January 3, 2019 Sainsbury’s has begun the search for a new chief executive of its banking division after confirming Peter Griffiths will step down next year. Griffiths, who has been in charge of Sainsbury’s Bank since 2012, will step down in 2020, Sky News first reported. The supermarket chain confirmed it was in the “early stages” of finding [...]
If you’re not into wine and beer, here are the Christmas spirits we think you should stock up on over the festive period December 19, 2018 Whether you’re looking for a gift, throwing a party, or fortifying yourself to spend time with your family, the festive period is a peak time for boozing. Here are some suggestions to get you in the Christmas spirits: Appleton Estate Rare Blend 12 Year Old Jamaica Rum Christmas and rum go together like pirates and rum. [...]
Carrot or stick? For Aldi and Lidl, equal pay goes hand in hand with commercial success December 13, 2018 Kevin the Carrot, who once again features in Aldi’s Christmas advert, is proving a bigger hit with shoppers than even Elton John, star of the John Lewis ad. Soft-toy versions of the animated vegetable sold out at 4am on the day of release in some areas and have reportedly provoked fights among customers desperate to [...]
FTSE 100 and sterling climb on Brexit delay possibility and US-China trade tensions easing December 12, 2018 The FTSE 100 is up one per cent today despite blue-on-blue infighting in the Tory party seeing Prime Minister Theresa May face a threat of a no confidence vote this evening. Conservatives will vote in a secret ballot tonight on whether they wish May to remain leader or whether she should stand down, after she [...]
Sainsbury’s share price under pressure as it asks for more time on Asda merger probe December 12, 2018 Sainsbury’s has seen its share price tumble five per cent so far today, after it joined Asda in appealing to the courts for more time to argue its case over a planned £15bn merger between the two supermarkets. Both grocers said this morning that they have lodged a request to review the timetable and process of [...]
In comes the king: M&S hires Sainsbury’s veteran Justin King as non-exec director December 11, 2018 Retail chief Justin King has re-joined the Marks and Spencer board as a non-executive director. The former Sainsbury's boss, who is the fourth new hire for the M&S boardroom in the last year, will continue to serve as vice chairman of Terra Firma as he takes on the new role in January. King has built [...]
Asda to cut fuel prices for fourth week in a row December 7, 2018 Asda will cut the price of fuel for the fourth week in a row tomorrow, and for the sixth time since late October. Motorists will benefit from 2p off per litre of unleaded petrol and diesel from Saturday as wholesale costs continue to fall. It means motorists will pay no more than 114.7p per litre for unleaded and 125.7p [...]