Discounters grab market share from UK’s leading supermarkets October 22, 2013 SAINSBURY’S was the only one of the big four supermarkets to gain market share in the 12 weeks to 13 October as discounters continued to put pressure on Britain’s grocers, Data from Kantar Worldpanel out yesterday showed Aldi’s sales leapt by 31.7 per cent year-on-year, gaining record market share of 3.8 per cent against three [...]
Grand Theft Auto V accelerates games market back into growth October 28, 2013 THE RELEASE of Grand Theft Auto V helped push the video games market back into growth for the first time in five years last month, according to data out today. Kantar Worldpanel figures for the 12 weeks to 29 September show that the games market grew by 29 per cent compared with the same period [...]
Sainsbury’s has sales boom to outpace rivals November 13, 2013 SHARES in Sainsbury’s rose three per cent yesterday, making it the biggest riser in the FTSE 100, after the supermarket chain posted a surge in half-year sales and profits. Sainsbury’s is the only one of the big four supermarkets to be growing its market share, with data from Nielsen last month confirming that it had [...]
Tesco sees UK sales drop 1.5 per cent in third quarter December 4, 2013 Tesco has announced a 1.5 per cent fall in like-for-like sales in the three months to 23 November, which it says is down to a weaker UK grocery market. Underlying sales fell in every country in which it operates. The sobering news is in line with predictions from Citi analysts. It doesn't bode well for [...]
Lidl boss eyes 600 new stores December 1, 2013 LIDL’s UK managing director has announced plans to double the discount chain’s number of stores over the coming years. On the growth of Lidl’s 600 current stores Ronny Gottschlich said “If I could have the 1,200 in the next three years, then I would have it in the next three years. But it is clear [...]
Calls grow for tax cut policies November 18, 2013 CALLS for tax cuts are building as the British economy finally starts to recover from years of stagnation, with politicians and business groups arguing that the time is now right to trim back the tax system. Deputy Prime Minister Nick Clegg said yesterday morning that he wants to push the coalition government’s income tax cuts [...]
Asda to expand George abroad as UK sales slow February 22, 2013 ASDA is to expand its fast-growing clothing brand George into Europe, Britain’s second largest supermarket revealed yesterday, as it reported a slowdown in fourth quarter sales. The Walmart-owned group said it will launch the brand’s UK website in 24 countries by September after George enjoyed “a record year”. It also plans to open more stores [...]
Walmart revises down earnings forecast as US comparable sales miss August 15, 2013 Asda owner Walmart has reported same-store sales in the US fell by 0.3 per cent in the second quarter of the year – missing analyst expectations of a one per cent rise (release). Walmart revised down its full-year earnings per share (EPS) expectation to a range of $5.10 to $5.30 from the previous range of [...]
Supermarkets slump as half of UK shoppers head to discounters December 17, 2013 FOR THE first time ever, more than half of the UK shopped in either an Aldi or Lidl in the last three months, putting pressure on bigger retailers as the shift toward discount shopping continues unabated. Sales at Aldi surged by 30.7 per cent in the 12 weeks to 8 December while its smaller discount rival [...]
Income squeeze runs on despite boost to growth August 18, 2013 DISPOSABLE incomes for households are still declining, despite recent growth in the economy, and now stand £1 per week lower than they did in July last year. According to Asda’s income tracker, the average household had £160 per week of disposable income last month, in comparison to £161 in July 2012, and £165 at the [...]