Aldi, Ocado, Morrisons, Tesco and Sainsbury’s are all making moves to win market share, but Asda’s next step is unclear March 9, 2016 The latest supermarket sales data has painted a slightly less gloomy picture than has become customary for Britain's big four grocers, hinting that the billions poured into lowering prices and luring back customers might finally be paying off. Despite a brutal price war that has savaged Tesco, Asda, Sainsbury’s and Morrisons, data from Kantar has shown [...]
Supermarkets abandon more schemes as pressure mounts on Sainsbury’s, Morrisons, Asda and Tesco March 8, 2016 The number of developments ditched by Britain's supermarket titans has jumped since the first half of the year, with construction and planning applications also in decline, new research shows. Property advisory firm CBRE's latest analysis of the grocery property market shows that the number of abandoned schemes rose by 13.3 per cent in the second half of 2015. Proposed projects [...]
Aldi ramps up online ordering and home delivery after wine ecommerce success with “special buy” electricals and more March 8, 2016 After kicking off the year by dipping its toe in the water with wine, Aldi is now expanding its range of products available to order online for home delivery for the as the supermarket hailed its success. The German discounter which is challenging the big four bricks and mortar supermarkets revealed plans to challenge them in the online world [...]
Cheers: The UK guzzles more champagne than (almost) any other nation March 8, 2016 Forget global volatility – it seems Britons are ready to splash their cash, after new figures confirmed the UK is the world's largest export market for bubbly – and it's growing fast. Champagne shipments to the UK grew 4.5 per cent by volume last year, three times the rate of growth for the world as a whole, according [...]
Tesco’s share price climbs as it stems declines but Asda and Morrisons crowned worst performing supermarkets in the UK March 8, 2016 Tesco has continued to stem its declines, but Asda and Morrisons have tumbled further, according to Kantar Worldpanel's latest figures for the supermarket sector. Sales at Tesco fell 0.8 per cent – meaning its performance is still well below the sector average of 0.5 per cent growth – but a relative improvement on last month's decline of [...]
Consumer goods groups challenge financials to become biggest sector in FTSE 100 as Barclays, HSBC, RBS and Standard Chartered share prices plummet year-to-date March 3, 2016 Consumer goods groups are challenging the dominance of financial firms in the FTSE 100 for the first time in a decade. The two sectors are neck-and-neck, with consumer goods actually overtaking financials briefly during February, rising to account for 20.85 per cent of the FTSE 100, compared with 20.61 per cent, before slipping back down again. [...]
Morrisons may not be the most obvious partner for Amazon, but there is method behind the marriage – and it could mean trouble for Asda, Tesco and Ocado March 1, 2016 Only one pound out of every £10 that Britons spend on groceries drops into Morrisons’ tills. Not a bad ratio, you might think, but like its bigger rivals (over £6 in every £10 is spent in Tesco, Sainsbury’s or Asda), Morrisons has been struggling with a declining market share. The Bradford-headquartered supermarket is not the [...]
Amazon delivers blow to Ocado with announcement of Morrisons deal February 29, 2016 Ocado shareholders fled to the checkout yesterday after its partner Morrisons revealed it had inked a major deal with Amazon, signing a ground-breaking agreement that will pave the way for the US giant to ramp up its presence in the UK grocery market. The tie-up, which is set to go live in the coming months, will see [...]
Asda sales fall again after Walmart-owned supermarket suffers one of its toughest years yet February 18, 2016 Asda has reported its sixth consecutive quarter of decline, after what the supermarket chain described as one its the toughest years yet. Like-for-like sales slumped by 5.8 per cent in the 13 weeks to 1 January, its fourth financial quarter, taking full-year sales down by 4.7 per cent. This was an acceleration on the third [...]
Sainsbury’s to phase out Bogof and other multi-buy grocery deals from August February 11, 2016 Sainsbury's has become the latest supermarket to announce it is phasing out multi-buy deals in favour of lower everyday prices instead. The move, which will see the end of buy one get one free (bogof) and other such deals comes after Tesco announced similar plans last month, bring both chains closer in line with practices of the discounters Aldi and [...]