Supermarket shares slide as customers move to discounters December 17, 2013 More than half of us shopped at Aldi or Lidl in the last 12 weeks for the first time, according to Kantar Worldpanel data. That's seen more premium supermarkets take a hit – Sainsbury's are down by over 2.8 per cent, Tesco by nearly 1.5 per cent, and Morrison has seen a fall of 1.4 [...]
Moller-Maersk sells off £1.9bn grocery holding January 7, 2014 MOLLER-MAERSK is dropping shopping for shipping by selling off most of its stake in Netto’s parent company for around 17bn kroner (£1.9bn). Chief executive Nils Andersen is cutting the focus of the firm to shipping, port services and its oil unit. The Danish conglomerate will hand over a 49 per cent stake in Dansk Supermarked [...]
British executive takes on fresh international role at Walmart December 10, 2013 WALMART, the world’s biggest retailer, has appointed British executive David Cheesewright as the new CEO of its international division, the firm said yesterday. Cheesewright, 51, is currently head of Walmart’s European, Middle Eastern and African operations. He will take the reins from Doug McMillon, who was chosen to replace Michael Duke as chief executive of [...]
London Report: Supermarket slump sees FTSE fall again after Monday’s lift December 17, 2013 BRITAIN’S main equity index fell yesterday, with big supermarket groups hit by fresh signs of a loss of market share, while uncertainty over future US monetary policy also weighed on the market. The blue-chip FTSE 100 index closed down by 0.6 per cent, or 36.01 points, at 6,486.19 points, retreating after a 1.3 per cent [...]
UK retail sales index drops to five month low November 27, 2013 One survey has just shown retail trends at their lowest level in five months. The Confderation for British Industry's (CBI) indicator dropped from two to one in November, despite analysts expecting a monthly rise to eight. The CBI said that high-street sales were flat in the year to November, disappointing retailers' expectations for the second [...]
Britain’s four leading supermarkets lose share to discounters November 19, 2013 BRITAIN’S big four supermarkets have all lost market share for the first time on record while discount retailer Aldi claimed another record share, new data shows. Tesco, Sainsbury’s, Asda and Morrisons saw their sales growth dip below the market average of 3.2 per cent in the 12 weeks to 10 November, Kantar Worldpanel said yesterday. [...]
New chief for Walmart international as Cheesewright steps into breach December 10, 2013 Walmart international, the world's biggest retailer, has appointed its first British chief executive (CEO), David Cheesewright (pictured). Cheesewright, 51, is currently head of Walmart's European, Middle Eastern and African operations, and will become head of Walmart International. He's taking the reins from Doug McMillon, who was chosen to replace Michael Duke as chief executive of [...]
Why Sainsbury’s is SocGen’s favourite supermarket January 22, 2014 When it came to supermarkets’ Christmas performance in the UK, the discounters claimed the victory. Aldi and Lidl saw sales leap, both increasing their market shares. It was good news for high-end store Waitrose, too, which also saw a bumper festive period. It’s the Big Four – or, at least, three of them (Tesco, Asda [...]
Is the Christmas shopping boost to retail sales really that positive? December 18, 2013 Retail sales picked up significant pace in the first half of December, as shoppers took a pre-Christmas breather in October and November before the festive rush. The Confederation of British Industry's Distributive Trades Survey came in at 34, rocketing past November's figure of one, the consensus forecast of 10, and matching September's 15-month high. Orders [...]
Tesco says £1bn plan on track as troubles mount December 4, 2013 TESCO boss Philip Clarke insisted yesterday that his £1bn investment plan to turn the retailer around was “firmly on track” despite posting a slump in trading across all of its markets. UK like-for-like sales fell 1.5 per cent in the third quarter to 23 November compared with flat sales in the second quarter and in [...]