Grocery inflation dips by just 0.2 per cent as Aldi now has a tenth of the market Supermarket wars Grocery price inflation dipped slightly in April – but consumers are still paying 17.3 per cent more than this time last year, figures show. Kantar warned that the fall from last month’s 17.5 per cent only meant that prices were not increasing as quickly after 10 months of double-digit growth. As consumers continued to find [...]
Milk, meat and fruit worst affected as supermarket groceries DOUBLED in cost over last year, Which? says Food inflation The cost of some everyday groceries has more than doubled over the last year, consumer brand Which? has found. The company analysed inflation on more than 25,000 food and drink products at eight major supermarkets – Aldi, Asda, Lidl, Morrisons, Ocado, Sainsbury’s, Tesco and Waitrose. Which? looked at the average price of the products in the three [...]
Morrisons slashes prices AGAIN as supermarket attempts to woo Aldi and Lidl shoppers back to its aisles supermarket wars Morrisons is slashing prices for the third time in three months as it attempts to drag shoppers back from value retailers including Aldi and Lidl. The supermarket said it was cutting the prices of 460 items such as beef mince, cleaning products and fruit, in a move that followed on from a round of price [...]
Supermarket wars: Morrisons puts £25m into price cuts in bid to break back into ‘big four’ February 20, 2023 Morrisons is cutting prices across a range of its own-brand products as it joins a string of supermarkets battling to retain customers while living costs soar. The supermarket, which was recently pushed out of the “big four” UK grocers by discounter Aldi, said it has invested £25 million into the price cuts. Some 64 cupboard [...]
Morrisons inks £220m sale of warehouses as it aims to become ‘more popular’ December 9, 2022 Morrisons has inked a £220m sale and leaseback transaction of seven logistics properties, as it aims to become “more popular and more accessible.” The supermarket – which is owned by New-York private equity titan Clayton Dubilier & Rice – announced the completion of the deal with asset manager ICG on Friday. Morrisons has undertaken to [...]
Supermarkets ‘implored’ to lower forecourt fuel prices after steady wholesale drop November 28, 2022 Motoring group the RAC has urged supermarkets for not lowering prices in forecourts despite wholesale fuel going down in price. The car-owners’ organisation appealed to the big four – Tesco, Sainsbury’s, Morrisons and Asda to make consumers’ lives easier amid the cost of living crisis. In new figures released, the RAC showed wholesale fuel prices [...]
Tesco invests further £14m into egg industry as avian flu sparks rationing November 26, 2022 Tesco is leading the charge in supporting egg suppliers, as British supermarkets begin rationing egg sales amid an outbreak of avian flu. Egg farmers in the UK have been wrestling with an outbreak of avian flu, on top of soaring inflation which has ramped up the price of feed and energy. Tesco has set aside [...]
More than one thousand McColl’s jobs at risk under Morrisons’ plans November 1, 2022 Morrisons has announced that around 1,300 McColl’s workers are facing redundancy, as it prepares to shutter some loss-making stores. The supermarket, which rescued the ailing McColl’s from collapse earlier this year, has set out its plans for the convenience store business. Some 132 stores have been identified as having “no realistic prospect of achieving a [...]
Morrisons one step closer to watchdog green light for McColl’s takeover October 10, 2022 The competition watchdog has said it is minded to accept proposals from Morrisons that would alleviate any concerns over higher prices for consumers amid its takeover of McColl’s. The Competition and Markets Authority (CMA) had raised competition concerns regarding a small number of areas amid the supermarket’s £190m takeover of the beleaguered convenience store chain. [...]
Cost of living crunch sinks teeth into Morrisons profit September 28, 2022 Morrisons has posted sliding sales after the retailer was recently knocked out of the Big Four by discounter rival Aldi. In financial results for the 13 weeks to 31 July, the group posted like-for-like sales, excluding fuel, down 3.1 per cent on the comparable period a year ago. The supermarket pointed to “unprecedented inflationary pressures” [...]