Senior staff to quit Asda after Walmart’s share payout April 12, 2021 Senior staff at Asda are preparing to stage an exodus after receiving final payouts from a share scheme run by the supermarket’s owner Walmart. Industry sources said that they had been contacted by Asda executives looking to leave, according to the Times. One source said that the level of inquiries was much higher than normal [...]
Tesco is trying to give quick delivery apps a run for their money May 26, 2021 Tesco is set to launch a new rapid delivery service which will allow the supermarket giant to shuttle orders to customers doorsteps in less than an hour. The supermarket chain will first trial the Whoosh delivery service at its Wolverhampton Willenhall Express store – assessing its potential for a wider rollout. It said that the [...]
Amazon to dethrone both Tesco and Sainsbury as UK’s largest retailers within four years June 3, 2021 Amazon is to overtake Tesco as the UK’s largest retailer within the next four years, with sales expected to hit more than £77bn by 2025, according to new research, shared exclusively with City A.M. this morning. Last year, Amazon UK’s total sales were £36.3bn while Tesco’s sales were almost double at £64bn. However, by 2025, [...]
Caffè Nero slurps up 82 per cent post-restrictions sales spike May 31, 2021 Caffè Nero has enjoyed a sales spike in recent weeks, as restrictions were gradually eased, while it has also repaid all of its Covid financial support. Weekly sales surged 82 per cent as outdoor seating was allowed and then restricted indoor eating was permitted in the last 13 weeks. After paying back a £12.2m Liquidity [...]
Asda beats competitors to become fastest growing Big Four supermarket for first time in more than two years April 27, 2021 Asda beat its competitors to become the fastest growing of the biggest UK supermarkets for the first time in more than two years as consumers ventured further for their food shopping. The latest data showed Asda, which was recently sold by US retail giant Walmart to the Issa brothers and TDR Capital, increased its market [...]
Supermarket sales improve tentatively after restaurant reopening hit July 27, 2021 UK supermarket sales improved slightly in the last four weeks as Brits stocked up on beers for the Euros and picnic items to enjoy in the sun, according to new data released today. Total till sales over the four weeks ending 17th July were down 1.3 per cent on the same period last year, new [...]
Wetherspoons slams government for ‘behaving like Monty Python’s Dennis Moore’ over VAT rates July 7, 2021 Wetherspoons has hit out at the government for what is believes are unfair VAT rates on hospitality businesses, which could make the sector less competitive post-Covid. The pub chain has accused the government of “unfairness” and of ‘robbing the poor to help the rich’ by levying a higher VAT rate on food bought in pub [...]
Aldi and Lidl sales growth slows as discounters struggle to compete with Big Four’s online capabilities March 2, 2021 The growth of the discount supermarkets Lidl and Aldi has slowed as the Big Four UK grocers benefitted from their more established online presence during the pandemic. German budget grocers Lidl and Aldi reported that sales were up 10.9 per cent and 5.6 per cent respectively in the 12 weeks to 21 February. However, three [...]
Analysis: What the fuel crisis is all about and what may happen next September 30, 2021 Despite the government urging people to stop “panic-buying” petrol and return to their normal pattern of purchasing, pumps have run dry in some forecourts. Here City A.M. helps you to understand what is happening and who is involved. So who are the biggest players? The UK’s biggest operator is the Motor Fuel Group. Other companies [...]
Business rates relief snub costs Sainsbury’s £400m as profit slumps despite lockdown sales boost April 28, 2021 The last year saw most Brits spend up large at the supermarket, but despite a sales boom Sainsbury’s first quarter profit has slumped because it chose to say no to business rates relief. Sainsbury’s, the UK’s second largest grocer after Tesco , said it made an underlying pretax profit of £356m in the year to [...]