Aldi knocks Waitrose off supermarket top spot while shoppers turn to Iceland and Ocado for online groceries February 12, 2018 Aldi has knocked Waitrose off the top spot as the UK’s favourite supermarket for in-store shopping. Customers rated their experience at the budget retailer as best in Which?’s annual survey. Last year’s most popular supermarket Waitrose fell to fourth-highest, below Marks & Spencer and Lidl. Respondents rated Aldi’s value for money very highly, and were [...]
‘Supermarket giants doomed’ – no, just history repeating February 2, 2018 Investors, analysts, journalists or other market commentators often become convinced some scenario or trend definitely will or will not play out. Check back a few years later, however – always anyone bothers – and that certainty may prove unwarranted. Three or four years ago, for example, many were arguing it was ‘game over’ for supermarket [...]
The City of London is bracing itself for a raft of UK retail collapses in 2018 January 12, 2018 Retailers painted a gloomy picture of the high street this week as several big names failed to cash in on the Christmas shopping season. Gloomy financial updates from household favourites such as Marks and Spencer (M&S), Debenhams, and House of Fraser prompted analysts to signal several retail collapses may be on the cards in 2018. [...]
Kantar figures: Lidl maintains position as UK’s fastest growing grocer as Sainsbury’s outpaces Big Four November 14, 2017 Lidl has kept its crown as the UK’s fastest growing grocer for a fifth quarter in a row, as Sainsbury’s becomes the best performing of the Big Four. Figures published by Kantar Worldpanel this morning show that sales were up 15.1 per cent at Lidl in the 12 weeks to 5 November, with 10.6m households [...]
Christmas adverts 2017 round-up: Watch offerings from M&S, Aldi, Sky, TalkTalk – and even a teaser from John Lewis November 7, 2017 This year’s Christmas ad season is already shaping up to be a vintage one, with the return of an animated carrot, an over-enthusiastic elf and a shifty pair of eyes. Worried about missing out? Here’s what we’ve seen so far: 1. M&S: Paddington saves Christmas. Kind of. Paddington Bear helps out a would-be robber, thus [...]
Sales rise but market share falls for Big Four grocers as Aldi and Lidl continue to grow October 17, 2017 Each of the big four grocers has grown sales but seen a decrease in market share as Aldi and Lidl can now boast half the total market’s growth, new figures show. Morrisons was the fastest growing of the large retailers, with sales up 2.8 per cent in the 12 weeks to 8 October, followed by [...]
Poundworld founder Chris Edwards to head up rival Poundstretcher October 15, 2017 Struggling bargain retailer Poundstretcher is set to be taken over by the founder of one of its main competitors, Poundworld. Chris Edwards, who founded Poundworld in 1974, is in line to become chief executive of Poundstretcher, the Sunday Times reported yesterday. Poundworld sold a majority stake to American private equity firm TPG in 2015 for [...]
Aldi bags record UK sales growth though profit dips as it plans more UK expansion September 25, 2017 German budget grocer Aldi’s quest for UK domination continues as its sales growth picked up in the UK, though profits dipped in its full-year results due to “continued investment in prices and infrastructure”. The supermarket onslaught continues however, as the firm outlined plans for 70 new supermarkets for 2018 amid its efforts to hit 1,000 [...]
Holland & Barrett sold to Russian billionaire for £1.8bn June 26, 2017 Health food store Holland & Barrett has been sold to a Russian billionaire for £1.8bn. US private equity firm Carlyle is selling the UK’s largest health retailer to L1 Retail, a fund controlled by Mikhail Fridman. The deal for the 1,150 store chain is the first acquisition for L1 Retail. It is thought that chief [...]
Up to 3,000 jobs at risk as Tesco cuts down opening hours at 69 stores April 5, 2017 Thousands of jobs are at risk in Tesco as the supermarket cuts down opening hours. Up to 3,000 employees in 69 stores across the UK will be affected by the changes, announced today by the FTSE-listed supermarket. Restocking hours will be moved from night to day in the stores affected, with 24-hour opening ending at [...]