UK retail sales slide as consumers cut discretionary spending, according to British Retail Consortium June 6, 2017 Retail sales fell back again last month as consumers started counting the pennies and cut their discretionary spending. Like-for-like retail sales were down by 0.4 per cent in May, according to figures from the British Retail Consortium (BRC), falling back from the sales boost the sector received over the Easter holiday. Non-food retailers dragged on [...]
Ocado share price rises as it delivers steady sales growth but eyes sterling currency movements March 14, 2017 Grocery delivery company Ocado reported increased sales but said it remains vulnerable to changing price pressures and currency movements. Shares rose by more than 1.5 per cent at the open before paring some gains. The figures Gross retail sales grew by 13.1 per cent in the quarter to February, matching last quarter’s growth to reach [...]
Supermarket sales grew at their fastest rate since June 2014 in the last 12 weeks March 7, 2017 Supermarket sales were growing at their fastest rate since June 2014 over the past three months as inflation started to bump up prices for key items such as tea, butter and fish. According to data from Kantar Worldpanel, supermarket sales grew by 2.3 per cent year-on-year for the 12 weeks ending 26 February. Kantar said [...]
Food prices are increasing at the fastest rate for two and a half years March 1, 2017 Food prices are increasing at the fastest rate for two and a half years as the fall in the value of sterling has forced supermarkets to pass on some of their costs to shoppers. Prices for food rose 0.4 per cent year-on-year in February, according to figures from Nielsen and the British Retail Consortium (BRC). [...]
Aldi just became the UK’s fifth largest grocer February 7, 2017 Aldi has become the UK's fifth largest grocer by market share, overtaking the Co-op. According to data from Kantar Worldpanel, Aldi grew its sales by 12.4 per cent in the 12 weeks ending 29 January. Its share of the market now stands at 6.2 per cent. Read more: A Lidl competition: Aldi becomes the highest-paying supermarket in the UK [...]
Spending on essentials soars as inflation starts to bite consumers February 1, 2017 Consumer spending on essentials has increased at its highest rate since September 2013 as inflation started to bite in December. Essential spending grew 1.8 per cent in December, rising for the fourth month in a row, according to Lloyds Bank. Grocery spending jumped 2.9 per cent year-on-year, the highest growth rate since July 2013. Read [...]
Premier Foods warns on profits (but at least mince pie sales are up) January 18, 2017 Premier Foods has not made an exceedingly good start to 2017 – its shares dived today after it warned on profits. The figures The food manufacturer, whose brands range from Bisto to Mr Kipling and 80s stalwart Angel Delight, said sales in its third quarter were down one per cent at £251.4m, despite a strong December. Branded sales [...]
Manufacturing giant Premier Foods to increase prices due to Brexit vote January 10, 2017 Premier Foods, the supplier of iconic brands such as Mr Kipling cakes and Bisto gravy, is in talks with its major retail customers about lifting prices due to a double whammy of weaker sterling and higher commodity costs. City A.M. can reveal that the listed food manufacturer last month opened discussions with the likes of [...]
Christmas spending splurge fails to push high street sales into positive territory January 6, 2017 High street shops ended a disappointing year with a dismal performance during the festive season, failing to land positive sales despite bumper spending in the week before Christmas. Christmas fell on a Sunday this year, meaning shoppers had an extra day to spend, but like-for-like sales growth on the high street still came in at [...]
Consumers are going to spend a record amount on supermarket premium ranges this Christmas December 13, 2016 Consumers have been preparing to taste the difference this Christmas as they stock up on supermarkets' premium own label brands. Data from Kantar Worldpanel showed that during the three months to the end of 4 December, shoppers spent 13 per cent more on brands such as Tesco Finest and Asda Extra Special than they did the year before. Read more: These [...]