Sainsbury’s share price falls despite posting a sales rise in the fourth quarter as deadline looms for Argos bid March 15, 2016 Sainsbury's is continuing to prove itself the strongest of the big four supermarkets, with total and like-for-like sales up in the fourth quarter as it moves to phase out multi-buy offers entirely. But the business has warned of ongoing challenges in the market as the price wars continue. The figures Total retail sales excluding fuel [...]
Waitrose is “well set up” to face arrival of Amazon, says outgoing boss Mark Price March 10, 2016 Waitrose's outgoing boss Lord Price played down the threat of Amazon's entry in the UK, insisting it was strong enough to fend off competition and would continue to be “one of the few” retailers to increase profitability this year. Price, who was made a peer last week ahead of his new role as trade minister [...]
Morrisons’ share price falls 2.5 per cent as dividend is cut on sales and profits decline March 10, 2016 Sales and profits at Morrisons have fallen again – but the supermarket management is talking confidently about progress made so far, and guided on future dividends in an effort to woo shareholders. Morrisons' share price was down 2.5 per cent in mid-morning trading, however, as investors digested the news that this year's dividend was being slashed [...]
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 [...]