Aldi becomes sixth biggest food retailer but sales growth slows April 8, 2015 ALDI has overtaken Waitrose as the UK’s sixth biggest supermarket, according to figures out yesterday that also cautioned that growth among the discounters was slowing. Aldi’s sales grew by 16.8 per cent in the 12 weeks to 30 March compared with a year earlier, taking its market share to 5.3 per cent, data from Kantar [...]
Asda to cut 1,360 jobs in management restructure July 3, 2014 Asda has announced that it will be making 1,360 employees redundant over the next three months. The supermarket chain, which is owned by US-based Walmart, had previously said that there would be job losses but did not confirm the number until now. The cuts are being made to help create more flexible management structures across [...]
Tesco first quarter results and AGM: Three things to expect from Friday’s figures June 21, 2015 Tesco will update the market on its first-quarter figures – the first since reporting its biggest ever loss – while executives will face shareholders at its AGM. Here's what to expect from the supermarket on Friday. 1. The numbers will continue tumbling The supermarket’s first quarter is unlikely to tell a different story from the [...]
Ex-Asda bosses Archie Norman and Allan Leighton linked to Morrisons chairman role July 27, 2014 Former Asda bosses Archie Norman and Allan Leighton are said to be in the running to become the new chairman of troubled supermarket chain Morrisons. Norman and Leighton were credited with reversing Asda’s fortunes in the 1990s and are both seen as plausible candidates to help revive the chain, which has been losing market share [...]
Aldi aims to leave rivals in its wake by adding 60 new stores March 23, 2015 Discount retailer Aldi looks set to outpace the big four this year as it ramps up plans for further expansion by opening 60 new stores in the UK this year. While the chain opened its first UK outlet 25 years ago, it was not until the onset of the financial crisis – and the subsequent [...]
Co-op returns to winning ways after dark days April 9, 2015 THE Co-operative Group yesterday announced a return to profit – a reversal of fortunes on the previous year’s losses of £255m. The supermarkets-to-funerals operator that almost collapsed in 2013 reported pre-tax profit of £124m for the year to 3 January, against a loss of £255m a year earlier, on revenue of £9.4bn, helped by disposals. [...]
Tesco’s share price jumps as Kantar figures reveal the supermarket has grown sales for first time in a year – but it is still losing market share February 10, 2015 Tesco's share price jumped nearly two per cent this morning after figures revealed it had grown for the first time since January 2014. The UK's biggest retailer recorded sales growth of 0.3 per cent to £7.9bn for the 12 weeks to February 1, according to Kantar Worldpanel. But that was not enough to stem the [...]
London developer Galliard hires finance guru, sparking float talk February 22, 2015 GALLIARD Homes, London’s largest privately owned residential developer, has bolstered its board by hiring industry veteran Paul Huberman as a non-executive director, prompting speculation that a float may be on the cards. Huberman has over 27 years of property and finance experience and was previously finance director at Grantchester Holdings and Asda Property Holdings. He [...]
Tesco is winning at Valentine’s Day. Here’s why February 11, 2015 Valentine's Day is just around the corner and what says love more than multinational retailers pushing their pink heart-shaped products you neither want nor need? Absolutely nothing. That's why between now and Saturday we will all be bombarded with adverts for all the chocolates you can eat (before the cocoa runs out) recipes for two, [...]
Aldi knocks Waitrose off its spot as UK’s sixth biggest supermarket April 8, 2015 Aldi has overtaken Waitrose to become the UK's sixth biggest supermarket. The budget supermarket, which has recorded double-digit sales growth for the past four years, now has 5.3 per cent of the country's spend on groceries, according to Kantar Worldpanel. Waitrose is still in growth – in fact just one of three to see [...]