Sainsbury’s ramps up rationing on more items as demand rises March 18, 2020 Sainsbury’s will today ramp up the rationing of a growing number of its products in response to heightened demand from customers stockpiling items in the light of new coronavirus restrictions. As of this morning, customers will be able to buy a maximum of three of any grocery product and a maximum of two on the [...]
Tesco ramps up fight back against German discounters March 5, 2020 Tesco has ramped up the competition with the German discount supermarkets as it pledged to price match hundreds of products. The UK’s Big Four supermarkets – which also includes Asda, Sainsbury’s and Morrisons – have been shedding market share to budget rivals Aldi and Lidl. Tesco, which is the UK’s largest supermarket, suffered a 0.8 [...]
Lidl crowned UK’s fastest growing supermarket March 3, 2020 Lidl was the fastest growing supermarket in the UK over the last 12 weeks, taking the crown from online grocer Ocado. The German discounter increased sales by 11.4 per cent in the 12 weeks to 24 February, becoming Britain’s fastest growing grocer for the first time since November 2017, as it opened its 800th store [...]
Waitrose ranked best UK supermarket in annual Which survey February 22, 2020 Waitrose has been ranked as the best supermarket in the UK in an annual satisfaction survey conducted by Which. The chain, which is owned by John Lewis, hit five stars on most categories, but did come joint-last in value for money. Budget supermarkets Aldi and Lidl continue to be ranked highest in terms of value. [...]
Lidl to invest £1.3bn in UK store expansion February 20, 2020 Budget supermarket Lidl has announced it will invest £1.3bn in store expansion across the UK in the next two years. The German discounter – which has opened 50 new stores in the last 12 months – said this morning that it has committed to investing in growing its store portfolio in 2021 and 2020. The [...]
Ocado retains crown as Britain’s fastest-growing supermarket February 4, 2020 Ocado has retained its position as Britain’s fastest growing supermarket, with the online grocer achieving its quickest growth in the North of England. Ocado’s overall sales grew 11.2 per cent year-on-year during the quarter, with its market share rising 0.2 percentage points, according to data from Kantar. While over half of the grocer’s sales come [...]
Failed Asda merger ‘trigger’ for Sainsbury’s CEO Mike Coupe’s exit January 22, 2020 The departure of Sainsbury’s boss Mike Coupe’s was sparked by the failure to merge the supermarket with rival Asda, analysts said today. Industry experts said it was impossible to look beyond the failure of the Asda merger, and felt his resignation – announced today – was simply a matter of time. Coupe was caught on [...]
Amazon breaks $200bn mark as world’s most valuable brand January 22, 2020 Online retail titan Amazon has defended its position as the world’s most valuable brand for a third year in a row, with the firm becoming the first to break the $200bn (£153bn) mark. Jeff Bezos’ company is worth $220.8bn in total, over $60bn more than second-placed Google, which is worth $159.7bn, according to the annual [...]
Aldi announces pay rise and recruitment drive January 21, 2020 Aldi has announced it will increase the hourly rate paid to in-store staff members and hire more than 3,800 employees this year as it pushes ahead with its UK expansion plans. The budget supermarket said all employees will earn a minimum hourly rate of £9.40, a 30p per hour increase from the previous minimum wage [...]
Four challenges Sharon White must address at John Lewis January 9, 2020 Incoming John Lewis Partnership boss Sharon White will have a big job on her hands when she joins the retailer next month, as this morning’s trading update showed. The department store issued a profit warning today and made the surprise announcement that John Lewis managing director Paula Nickolds will leave the partnership in February. It [...]