Solid fare expected from the UK’s listed supermarkets this week, including Tesco and Morrison’s, as a raft of retailers reveal their seasonal sales results January 8, 2017 The UK's three major listed supermarkets are expected to report solid Christmas trading this week, although investor focus will be on the outlook given this year's expected squeeze on consumer spending. On 10 January, Morrison's is expected to report underlying sales growth of 1.1 per cent for the nine weeks to 1 January according to [...]
Christmas spending splurge fails to push high street sales into positive territory January 6, 2017 High street shops ended a disappointing year with a dismal performance during the festive season, failing to land positive sales despite bumper spending in the week before Christmas. Christmas fell on a Sunday this year, meaning shoppers had an extra day to spend, but like-for-like sales growth on the high street still came in at [...]
A Lidl competition: Aldi becomes the highest-paying supermarket in the UK January 5, 2017 Aldi has given its employees a late Christmas present as it unveiled new pay rates this morning – and boasted that the new deal will make it the highest-paying employer in the supermarket sector. The supermarket is known for offering the cheapest groceries in the UK, but is now insisting it won't settle for a [...]
Half of us will buy Christmas dinner at discount supermarkets this year December 7, 2016 Nearly half of us are going to buy our Christmas meal from one of the discount supermarkets this year. Aldi and Lidl have steadily being growing their share of the grocery market as shoppers looking for cheaper and cheaper prices. Read more: Iceland Foods wants "peaceful coexistence" with Iceland (the country) But, the discounters have [...]
One of the UK’s largest breweries just crowdfunded £2.5m, proving the people want craft beer November 30, 2016 The UK's second largest craft brewery, Innis & Gunn, just doubled its crowdfunding target, allowing it to accelerate growth and open its first bar-restaurant in England a year ahead of schedule. The Scottish brewery raised nearly £2.5m on the investment crowdfunding platform Crowdcube in a campaign launched on 1 November. The company had sold 4.79 per cent of its share capital to 2,012 investors at the [...]
The cost of Christmas dinner has dropped 10 per cent since 2009 November 30, 2016 Inflation may be creeping up, but the price of your Christmas dinner isn't – in fact, this year's festive feast may be cheaper than ever before, after a new study suggested its price has fallen 10 per cent since 2009. Good Housekeeping's Christmas index found the cheapest place to buy turkey and all the trimmings [...]
Consumers’ own-label attitudes could pose a challenge to big brands November 30, 2016 Last week, Morrisons announced it was bringing back the Safeway brand. Originally a chain of supermarkets that the retailer absorbed in the mid-2000s, Morrisons has decided to launch a new range of own-label goods under the Safeway banner. An analysis of YouGov Profiles data shows that there are notable divergences among customers of certain supermarkets. [...]
Frosty relations: Iceland vs Iceland legal action has been filed November 24, 2016 Iceland, the country, has today confirmed it is taking legal action against Iceland, the supermarket. The Icelandic government, along with SA Business Iceland and Promote Iceland, has said it is taking the action so its own producers can use the word 'Iceland' when advertising their own food products. The country argues the retailer cold-heartedly pursued businesses [...]
Tesco has unveiled its Black Friday 2016 deals: Laptops and tablets and bikes, oh my November 24, 2016 The supermarkets may be suffering from competition from discounters, but on Black Friday that all goes out of the window as they come over all Aldi and go berserk for deals. Tesco is no exception – it's so keen it's already launched some deals. Check out the best ones for Black Friday itself. Read more: [...]
City Moves for 24 November 2016 | Who’s switching jobs November 24, 2016 AEW AEW has appointed Hans Vrensen as European head of research and strategy. Hans, who will be based in London and oversee teams in London and Paris, will report to Rob Wilkinson, CEO of AEW Europe and will work closely with AEW’s global platform. Hans’ responsibilities at AEW will include advising the investment and asset management [...]