Sorry supermarkets, grocery spending in Europe is growing at its slowest pace ever August 17, 2016 Consumer spending at supermarkets grew at its slowest pace in eight years – a historical low – as the price wars continue to take a toll, new figures reveal. The money making its way through supermarkets' tills grew by just 0.8 per cent across Europe in the second quarter of the year compared to the same period in 2015, [...]
Discount supermarkets set to benefit as consumer confidence falls through the floor after the Brexit vote July 29, 2016 Discount supermarkets are set to win big on Brexit as consumer confidence falls through the floor. UK consumer confidence dropped by 11 points in July – the biggest monthly fall for over 26 years, according to GfK. GfK’s consumer confidence index is now at -12, and dicount supermarkets could be the ones to benefit. A [...]
Brexit vote? What Brexit vote? The rise of the discounters is still hitting supermarkets’ market shares July 26, 2016 The results of last month's EU referendum may have sent markets reeling, but it seems the supermarket sector has continued as it was before – namely, with market shares sinking for all of the big four. Figures by Kantar Worldpanel showed the Brexit vote had "no immediate impact" on the prices retailers were charging or [...]
Over 65s face less inflation than millennials due to the supermarket price war July 19, 2016 The over 65s have the lowest real inflation rate of any age group because of the supermarket price war, according to research from Fidelity International. The report from Fidelity shows the over 65s experience an inflation rate of 0.3 per cent, while millennials (under 30s) face an inflation rate of 0.9 per cent – the highest of any [...]
Supermarkets face “fake” farms complaint from farmers July 17, 2016 Supermarkets are under fire over the use of "fake" farms to promote products to customers and farmers have now lodged an official complaint with authorities over the use of the branding my supermarkets. The National Farmers Union (NFU) has filed a formal complaint with Trading Standards over the use of names such as "Woodside Farm" by Tesco, arguing they are [...]
Asos won’t be making an Amazon-style move into physical shops July 7, 2016 Asos won't be following in Amazon's footsteps and bringing its brand onto the high-street, intending to focus on mobile sales instead. Speaking to City A.M. about whether the online retailer would ever open physical shops, Asos' chairman Brian McBride said: "It's not on our current plans. Read more: Amazon is opening its first physical bookshop McBride said the idea of [...]
Aldi is hungry for a 10 per cent share of the grocery market July 6, 2016 It's a tough time for supermarkets, but as the price war between the Big Four rages on, Aldi's UK chief executive says he is aiming to take a 10 per cent share in the grocery market. Speaking to City A.M., Matthew Barnes, Aldi's chief executive in UK and Ireland Matthew Barnes said: "We will have 10 per cent [...]
Sainsbury’s gives up its discount dreams as it ditches Netto UK stores July 4, 2016 Sainsbury's is ditching its partnership with European discounter Netto and plans to close 16 Netto UK stores in August. The joint venture between Dansk Supermarked Group's (DSG) Netto and Sainsbury's began in June 2014; around 400 jobs in the stores are now at risk as Sainsbury's focuses instead on its acquisition of Argos owner Home Retail Group. Read more: Sainsbury's has named new chief executive [...]
Tesco is opening a pop-up wine bar in Soho on Wardour Street this summer June 29, 2016 It might not be what you'd normally expect from a visit to Tesco, but this summer for the first time you will be able to visit the supermarket giant's first pop-up wine bar nestled in the heart of Soho. The finest* wine bar, tied into the grocer's Tesco Finest* range, will be open from 2 [...]
Here’s how the supermarkets were doing just before the Brexit vote June 28, 2016 In the immediate run-up to the EU referendum, supermarket sales were strong, according to data released today, but in the three month period before the vote, sales slipped. The figures from Nielsen show that in the four weeks ending 18 June, UK supermarkets had their first increase in year-on-year takings since July 2015. Sales were up 0.4 [...]