Waitrose and budget grocers outpace rivals May 22, 2012 TESCO AND MORRISONS’ market shares are still under pressure from fierce competition, retail data showed yesterday, as upmarket and discount retailers outpaced the middle market. Kantar Worldpanel figures for the 12 weeks to 13 May 2012 revealed that Aldi grew sales by more than 25 per cent compared with the same period last year, achieving [...]
Greencore earnings on the rise May 22, 2012 Anglo-Irish convenience food company Greencore yesterday reported climbing revenue and profits. The company, which is making special Jubilee themed sandwiches to be stocked in Sainsbury’s and Waitrose, said first-half revenue soared 49.9 per cent to £567.7m. Operating profits were up 36.7 per cent to £31.7m for the six months to the end of March. The [...]
Asda market share up as it lures shoppers with price guarantee May 17, 2012 ASDA, the British arm of supermarket giant Walmart, said it continued to gain market share in the first quarter of the year as its focus on low prices and a revamping of own-brand ranges helped drive sales growth. The UK’s second-biggest supermarket chain behind Tesco, said like-for-like sales excluding fuel and VAT accelerated in the [...]
Sainsbury hails coupon success as profits rise May 9, 2012 J SAINSBURY said yesterday that its discount coupons and price matching scheme had helped it outperform the market as the UK’s third largest grocer posted a seven per cent rise in full-year profit. Chief executive Justin King brushed aside concerns over mounting competition from the likes of Waitrose’s new brand match scheme saying its own [...]
Troubling times for retailers to the squeezed middle April 29, 2012 SPARE a thought for the squeezed middle. No, not the ordinary family as defined by Ed Miliband, but the places they shop and the things they buy. The mid-market consumer firm is finding the going very tough indeed. There has been much written about Tesco’s troubles in recent months, punctuated by a series of ignominious [...]
Waitrose and budget stores winning sales April 24, 2012 UK CONSUMER habits are becoming increasingly divided, accordingly to new retail data that shows higher-end and budget retailers growing market share while those occupying the middle ground lose out. Kantar Worldpanel figures for the 12 weeks to 15 April 2012 showed upmarket supermarket Waitrose increasing market share from 4.3 per cent to 4.5 per cent [...]
Have some truly egg-cellent fun this Easter break April 4, 2012 Rococo Hens Eggs Stuffed With Praline, £24.99, Selfridges “Having actual eggs full of praline is a good idea,” said tasters, “but there are some serious structural problems”. For one: “it all gets sticky and messy after a few minutes of peeling the egg shell. A lot of cleaning up required.” Another complained that “the praline [...]
John Lewis sales hit by fine weather March 30, 2012 John Lewis, Britain’s biggest department store chain, said today hot weather held back last week’s sales growth, as shoppers spent more time outdoors, in addition to tough comparative numbers last year. The retailer said department store sales rose 6.5 per cent to £57.9m in the week to March 24. This was a slowdown from the [...]
Tesco continues to shed market share as Asda hits record high March 27, 2012 TESCO has continued to shed market share in the first three months of 2012, latest figures showed yesterday, while number two supermarket Asda has seen its slice of the pie jump to a record high. According to Kantar data released yesterday, Tesco’s year-on-year growth lagged behind the rest of the sector at just 2.7 per [...]
John Lewis sales rise March 23, 2012 John Lewis sales boosted by sun, mum, and iPads Kendal Gapinski John Lewis reported that last week’s volume of trade was a March record due to sunny weather, Mother’s Day, and the launch of the new iPad. Its sales jumped 20.9 per cent year-on-year to £63.1m. Britain’s biggest department store chain said that a sales [...]