Asda overtaken by Sainsbury’s as UK’s second largest supermarket but big four continue to slide January 13, 2015 Asda has lost its title as the second largest supermarket in the UK to Sainsbury's, while discounters Aldi and Lidl continue making gains on the big four. Of the big four – Tesco, Sainsbury’s, Asda and Morrisons – sales fell by the smallest amount at Sainsbury’s, down 0.7 per cent. This helped it regain second place [...]
Sainsbury’s axes 500 jobs as part of cost-cutting drive January 13, 2015 Sainsbury's has announced plans to axe 500 jobs as part of a cost-cutting exercise, as the UK supermarket battle continues to heat up. Sainsbury's, which is the UK's second largest supermarket, said the job cuts would be across "all divisions and grades in our store support centres". A consultation on the job losses will start [...]
Lidl is selling kilts for Burns Night in its latest Scottish inspired clothing range January 8, 2015 Fancy picking up a kilt for Burns night with your weekly shop? Now you can thanks to Lidl with its latest range inspired by the Highlands. The German discounter is rolling out a line of traditional Scottish clothing across its UK stores after a successful trial in Scotland which sold out within days. Whether there's [...]
Supermarket wars: Tesco, Sainsbury’s and Morrisons feeling the pressure in one share price chart January 8, 2015 Tesco’s share price is up today, and by a lot: 9.8 per cent at the time of writing. All in all, though, it’s been a bad past 12 months for supermarkets, with Tesco, Sainsbury’s and Morrisons share prices all sliding against the FTSE, which has itself dropped over the same period. Tesco’s story has been [...]
Sainsbury’s Christmas sales slip as outlook remains “challenging” January 7, 2015 Festive cheer failed to save supermarket Sainsbury's as it reported third quarter sales which were the worst in a decade. Like-for-like sales in stores open for more than a year fell 1.7 per cent in the 14 weeks to January 3, excluding fuel. Despite this, sales actually beat expectations, with analysts forecasting a drop between [...]
Cork blimey! Christmas champagne outsells semi-skimmed milk at Lidl January 4, 2015 Shoppers at budget supermarket chain Lidl bought more champagne than semi-skimmed milk this Christmas, the retailer has revealed. Figures show that savvy customers snapped up so many bottles of Lidl’s £11.99 Comte De Senneval champagne that it knocked the store’s usual bestseller, semi-skimmed milk, off the top spot for the festive season. The champagne has [...]
From Quindell and Gotham City to Uber and the LDTA – five of the biggest business battles to watch out for in 2015 December 22, 2014 Rival camps have banded together, the lines are drawn, battle armour is on and adrenaline is running high. All that's left for spectators to do is grab some popcorn and watch from the ringside. From rival estate agents, to a business targeted by a Batman styled US fund and an influx of tiny new banks [...]
Nightmare on high street: How discounters stole Tesco’s market share December 19, 2014 Although at first glance any shift in the share of the grocery market seems slim, the changes that have taken place over the last two years tell an interesting story. It shows the gradual increase of smaller companies such as Aldi, Lidl and Waitrose at the expense of larger chains such as Tesco, Sainsbury’s [...]
Tesco quarterly sales show sign of turn around following profit warning December 16, 2014 Tesco has enjoyed its best quarterly sales performance since June, according to the latest industry data, giving investors in the troubled supermarket chain some reason to cheer following last week’s profit warning. Sales fell by 2.7 per cent in the 12 weeks to 7 December, a slowdown on the 3.7 per cent decline recorded in [...]
Grocery deflation continues to tumble as Aldi and Lidl ramp up supermarket price war December 16, 2014 The supermarket sector has nudged back into growth after the surprise decline recorded last month. Figures out today from Kantar Worldpanel show that for the 12 weeks to December 7, the grocery market grew 0.1 per cent. The data company said this was down to “shoppers putting slightly more in their baskets compared with [...]