Aldi may drop prices to compete with Tesco’s new budget venture Jack’s October 1, 2018 Low-cost supermarket chain Aldi "will never be beaten on price", and could even drop them in response to Tesco's new low-cost venture Jack's, it said today. UK and Ireland chief executive Giles Hurley said Aldi welcomes competition from new players such as Jack's, adding: "If we need to reduce retail prices we will." Read more: Drastic Dave's no-frills move must [...]
Aldi to expand into 130 new stores as sales rocket to £10.2bn October 1, 2018 German supermarket giant Aldi today announced major plans to open 130 new stores in the UK on the back of impressive sales growth last year. The expansion will create 5,000 new jobs in the UK, Aldi says, and is a big step on the way to the firm reaching its target of setting up 1,000 stores [...]
Bumper summer and Booker buyout set to boost Tesco profits September 30, 2018 Tesco will be hoping to post strong first-half profits on Wednesday, as a blistering summer heatwave, successful World Cup run and a royal wedding are all likely to have boosted the firm’s performance. Consensus estimates compiled by S&P Global Market Intelligence show that earnings before tax (excluding exceptions) could hit £795m in the first six [...]
Aldi and Lidl continue to attract customers – so what impact will Tesco’s budget chain Jack’s have? September 26, 2018 Recently Tesco unveiled its first Jack’s discount store. With a strong emphasis on Britishness and home-grown products, the brand is seen as a challenger to the German supermarkets, Aldi and Lidl. I have often talked in this column about the growth of both Aldi and Lidl, and YouGov BrandIndex data points to the continued improvements [...]
Price wars versus trade wars: Markets work just fine when we leave them alone September 21, 2018 David Lewis is ramping up a food fight of epic proportions. The chief executive of Tesco has launched a spin-off chain of discount supermarkets called Jack’s (named after Tesco’s founder Jack Cohen). The aim is to become more competitive with German chains Aldi and Lidl, which have been saturating the market with cheaper products since [...]
Trolley wars: Drastic Dave’s no-frills move must hit the Jackpot for shareholders September 20, 2018 Tesco took a cheap shot at budget retailers Aldi and Lidl yesterday, launching its own discounter chain, Jack’s. Chief executive Dave Lewis opened the first store in a mothballed former Tesco outlet in the small Cambridgeshire town of Chatteris yesterday, with another 10 to 15 launches in the pipeline. The chain is named after Tesco founder [...]
Supermarket sweep: Industry benefits from World Cup shopping spree September 18, 2018 The World Cup and sunny weather led consumers to spend almost £500m more at supermarkets over summer than they did the year before, according to new data released today. Alcohol spending grew by £228m, while people spent £178m more on fizzy drinks and £74m more on ice cream during one of the hottest summers on record, [...]
Lidl set to open 38-acre warehouse in Leeds September 17, 2018 Budget supermarket Lidl has announced it will open a new, 38-acre warehouse site in Gildersome, Leeds, as part of its plans for long-term expansion. The new location will operate as a regional distribution centre for the company, and is expected to create around 500 jobs. Lidl is currently undertaking a £1.45bn expansion, with 16 distribution [...]
Aldi and Lidl market share: The only way is up for discount supermarkets September 9, 2015 No-frills retailers such as Aldi and Lidl are set for decent growth in the UK, with experts predicting that an overall rise in spending will offset any substitution towards pricier retailers as the economy recovers. “With consumer confidence at its highest point in many countries since the global recession and economic growth expected to continue… [...]
Morrisons pulled up on Match & More price-match advert claims against competitors Tesco, Sainsbury’s, Asda, Aldi and Lidl August 26, 2015 Morrisons has been told it must be clearer about its promise to match the prices of competitors, including Aldi and Lidl. The supermarket's Match & More scheme, which is the only one of the big four to match the prices of the German discounters, has been pulled up by the advertising watchdog for not clearly [...]