Lidl steps up expansion with plans for giant distribution hub in Devon, creating 500 jobs April 18, 2016 Lidl has revealed plans to build a new distribution centre in Devon, as the fast-growing discounter presses ahead with its expansion in the south west of England. The supermarket chain bought the site in Clyst Honiton near Exeter airport in February from Sainsbury’s after the rival chain aborted its own plans for a depot. Read [...]
Tesco drags Sainsbury’s and Morrisons share price down too April 13, 2016 Tesco might have hoped for a better reaction to its news that it has returned to profit this morning than for investors to send its share price tumbling. Perhaps it was the relatively cautious statement given by chief executive Dave Lewis, or the fact that while profits were above consensus expectations, sales missed by a touch. Or [...]
Tesco’s share price drops as supermarket misses sales forecasts but beats consensus on profit April 13, 2016 Tesco's share price fell 4.7 per cent on the open this morning, despite the supermarket returning to profit and sales growth. The supermarket was the biggest faller on the FTSE 100 in early trading – and it was dragging some of its rival grocers down with it. [stockChart code="TSCO" date="2016-04-13 09:17"] The figures The troubled supermarket's [...]
Supermarket sales rise over Easter – but prove egg-sasperating for Tesco, Morrisons and Asda April 5, 2016 It could have been so easy for supermarkets. Not only are prices at an all-time low, but an early Easter pushed sales up compared with last year, new figures have shown. But while the Easter bunny hopped along to most of the nation's retailers, the big four continued to struggle. The figures, by Kantar Worldpanel, showed sales [...]
Forget World Cup in 2022, England can win the European Championships in four years, insists Trevor Brooking March 22, 2016 Scepticism abounded when Greg Dyke began his chairmanship of the Football Association by claiming England could win the 2022 World Cup, but Sir Trevor Brooking insists the Three Lions are on course to lift silverware two years earlier. England have only fleetingly threatened to end a seemingly interminable wait for success, last tasted at the 1966 World [...]
Supermarkets reap over £1bn of property investment in 2015 as new buyers pile in March 22, 2016 Britain's supermarket sector attracted over £1bn of property investment last year as investors shrugged off the price wars and and went in search of stable returns. Research released today by Colliers International and data analytics provider MSCI revealed that deal volumes reached £1.4bn in 2015, up slightly on the previous year but down on the record [...]
Sainsbury’s boss Mike Coupe celebrates a Sport Relief windfall with David Walliams and Eastenders star Maddy Hill as the grocery giant raises more than £7m for charity this year March 20, 2016 Sainsbury's boss Mike Coupe must be feeling pretty confident about his store's competitive streak. A week after revealing strong results, the superstore boss got together with soap opera stars to celebrate the success of Sainsbury's Sport Relief Games. This year, the grocery giant has raised over £7m in aid of Sport Relief, culminating in a series fitness [...]
From the Budget 2016 and Brexit to Cheltenham and the world’s first pizza robot: Here’s what got us talking this week March 18, 2016 Humanities students were given a fright in this week's Budget. Getting pizza suddenly got a lot easier. And we learned that when it comes to houses, Britons don't dream big. Bookies have had to pay out £50m already at Cheltenham according to William Hill (Source: Getty) 1) Budget blues Whether you were a sugar lover or a second [...]
Sainsbury’s Mike Coupe: Aldi and Lidl are starting to look like “conventional” supermarkets March 16, 2016 Mike Coupe must be feeling confident about Sainsbury's progress in the grocery price wars. The supermarket boss, who yesterday revealed strong results, appears to be trolling Aldi and Lidl, telling Mumsnetters yesterday that the German discounters were "increasingly looking like conventional supermarkets". Speaking at Mumstock, a conference about marketing to mums, he told the audience [...]
More needs to be done for mums to go to Iceland March 16, 2016 As the challenger discount supermarkets continue to expand their market share, more established rivals are reacting in differing ways in their attempts to recoup lost ground. Iceland, known for its inexpensive frozen produce, has been trying to reposition itself. By improving the quality of its offering, it is aiming to broaden its appeal in the [...]