Lidl celebrates record £4bn turnover as discounter cements place in UK with new head office July 15, 2015 Lidl’s UK operation has announced plans to build a new head office in Tolworth, south west London, in a move seen as cementing its big player status in the UK supermarket sector. The expansion comes in the wake of what the company said is its most successful trading year yet. The new office [...]
Supermarket price wars prove a potent aid to popularity July 14, 2015 German discount supermarkets Aldi and Lidl hold on to their positions as the highest performing brands in YouGov BrandIndex’s mid-year Buzz Score Rankings, while we have positive news for the Co-Op group in the most improved brand list. The rankings are based on YouGov’s BrandIndex Buzz scores, which measures whether consumers have heard anything [...]
Bargain Booze and Wine Rack owner Conviviality Retail suspends trading after takeover talks with Matthew Clarke confirmed July 9, 2015 Trading in Aim-listed group Conviviality Retail has been suspended this morning, after confirming it is in takeover talks with Matthew Clark Holdings. Shares have been suspended because if the sale goes through it would constitute a reverse takeover under Aim rules, meaning privately-owned wholesaler Matthew Clark could become a public company without going through [...]
Tesco share price falls, sales slide as discounters march on ahead June 30, 2015 Tesco shares were dealt a blow yesterday, after industry figures revealed another slowdown in sales at the troubled supermarket chain – despite its recent efforts to turn itself around. Data from Kantar Worldpanel showed sales at Tesco fell by 1.3 per cent in the 12 weeks to 21 June, underperforming the overall grocery [...]
Tesco’s share price is falling on the back of Kantar figures showing sales are dropping again June 30, 2015 Tesco was the biggest loser on the FTSE 100 this morning, with the share price dropping like a stone after Kantar's latest market update. Sales at the troubled supermarket fell 1.3 per cent for the 12 weeks to 21st June – underperforming the sector average, which slipped back into a decline of 0.1 per [...]
Tesco AGM: Lewis grilled over pay, performance and strategy but all resolutions passed June 26, 2015 Tesco bosses faced a grilling by shareholders today, fending off complaints about customer service, overall strategy and – of course – pay. But by the end of the AGM it was clear the supermarket's shareholders weren't revolting – at least not as much as some thought they might be. All of Tesco's resolutions, at least [...]
Tesco’s share price soars after reporting smallest decline in more than a year June 26, 2015 Tesco's share price climbed 3.6 per cent this morning as investors digested what appear to be the first signs of a turnaround under new chief executive Dave Lewis. The troubled supermarket has reported its smallest declines in more than a year, while volumes are up. The figures Tesco has stemmed its declines – group [...]
Tesco tops suppliers’ naughty list over groceries code June 22, 2015 Tesco has been on the receiving end of more than half of issues raised by suppliers with the new Groceries Code adjudicator in the last year. The troubled supermarket was at the centre of 54 per cent of complaints made, with 11 per cent of Tesco's suppliers going to the new government ombudsman, according [...]
Lidl “ale assault” will rival supermarket beer offers in latest price war after “claret offensive” success June 21, 2015 Lidl's is embarking on an "ale assault" with a new beer range to rival the big four supermarkets after the success of last year's "claret offensive". The discounter has now switched its attention from wine to beer, and will launch more than 60 new brews onto its shelves from Monday, many priced more cheaply than [...]
Aldi fined over price-fixing in Germany June 18, 2015 Aldi is among the retailers fined by Germany's competition authority over price fixing. Read more: Bargain Booze is playing Aldi at its own game The discounter is one of seven food retailers and four producers which have been fined €151.6m (£108.9m) over price fixing on "some products". Andreas Mundt, the president of Germany's cartel office, [...]