Week Ahead: Aldi and Lidl tightening the screw on Sainsbury’s as retailers fight to retain price-wary customers April 23, 2023 The supermarket giant is set to report a fall in annual pre-tax profits this week, posting up to £690 million, down from £730 million last year. According to the latest Kantar survey, Sainsbury’s reported a strong 12-week sales growth of 12 per cent at the end of March, but fell short of rivals Aldi and [...]
Retail: Sixth wettest March on record dampens sales as shoppers’ fail to weather inflation hike April 21, 2023 Retail sales fell 0.9 per cent in March as wet weather conditions and high inflation hit consumer spending during the month. Despite Mother’s Day falling within the month retail, non-food sales such as clothing and homeware, fell by 1.3 per cent as the sixth wettest March on record since 1836 deterred shoppers from hitting the [...]
As supermarkets rake in profits, Goldilocks would go hungry on the cost of oats April 18, 2023 The price of food is one of the main factors driving double-digit inflation. It keeps on going up, that's why industry leaders must finally step up to protect supermarkets' customers, writes Sue Davies
Shoppers head to frozen food aisles to quell ‘sizzling hot’ inflation hit April 14, 2023 Shoppers are opting for frozen meat and meals like pizza and chips as food price inflation continues to add hundreds of pounds to households’ grocery shops. New figures from research firm Kantar showed frozen food sales were ticking up in British supermarkets. Frozen poultry like chicken and game meats increased in the three months to [...]
Explainer: Tesco needs more than cheap milk to keep loyalty in the supermarket price war with Aldi and Lidl April 14, 2023 Tesco has had a rocky week. In the midst of a cost of living crisis, remaining loyal to businesses is tough, as the nation has been forced to favour being frugal over buying name brand goods. This revelation rang all too true for Tesco on Thursday, as Britain’s biggest supermarket reported its operating profit was [...]
Tesco hit by inflation and supermarket war with Aldi and Lidl as profit down almost seven per cent April 13, 2023 Tesco, Britain’s biggest supermarket, was hit hard by consumers tightening their belts during the cost of living crisis, as it reported its operating profit was down almost seven per cent on last year. The London-listed chain said its profit was £2,6bn for the year to the end of February which was down 6.9 per cent [...]
Netflix and starve: Cash strapped Brits cut back on groceries and spend more on TV subscriptions April 11, 2023 Cash strapped Brits have cut back on grocery shopping and dining out last month, but spent more on streaming services services Netflix. Consumer card spending grew just 4.0 per cent year-on-year in March, less than half of the latest inflation rate of 9.2 per cent, as the cost of living crisis drives consumers to cut [...]
Co-op warns cost of living crisis will eat into future profits as food to funeral care firm feels pain of inflation April 5, 2023 The Co-operative Group has warned that ongoing inflation and economic uncertainty is likely to reduce its profits in 2023. The food, insurance and funeral care provider revealed its underlying profit remained flat at £100m for the year while EBITDA was down £15m to £490m compared to £505m in 2021. Group revenue for the year was [...]
Every little helps: Loyalty cards determining over half of Brits’ shopping choices amid cost of living crisis April 4, 2023 Some 54 per cent of Brits said that price discounts via loyalty cards were most likely to encourage them to buy a product as the cost of living crisis spurs shoppers to hunt for the best bargains. According to data by NIQ, a further 35 per cent of consumers said that a ‘special price discount’ [...]
Supermarket wars: Lidl and Aldi gain ground on Tesco as bargain-hunting Brits battle grocery inflation March 28, 2023 Lidl is the UK’s fastest growing supermarket as bargain-hunting Brits turn to the discount grocer during the cost of living crisis. With grocery inflation now at 15 per cent, new figures published by Kantar this morning show value outlets have seen an uptick in sales last month. Sales in the German supermarket Aldi rose 25.8 [...]