Sainsbury’s signs wholesale deal with Australia’s Coles November 11, 2019 Sainsbury’s has agreed a deal to provide Australian supermarket Coles with own-brand products as the UK grocery giant seeks to strengthen its wholesale business. The range, which will be labelled under the Coles brand, will include packaged groceries and household products. Read more: Sainsbury’s half-year profits slide Through the deal, Sainsbury’s will also analyse which [...]
Lidl invests £15bn in British suppliers October 16, 2019 Lidl has announced a £15bn investment in its UK suppliers as it pledged to sell more British meat and fresh food. The German discount supermarket announced the five-year investment today as it marked 25 years operating in the UK. Read more: Lidl’s suppliers warned of EU tariff import costs As part of the announcement, the [...]
Amazon strengthens dominance of UK e-commerce market December 10, 2019 Online retail giant Amazon increased its dominance of the UK e-commerce market this year, according to the latest research. Amazon boosted its market share from 28.8 per cent in 2018 to 30.1 per cent this year, accounting for $30bn in sales. Read more: Amazon nets Champions League rights The next largest player in the UK, [...]
Sainsbury’s sales slip in ‘tough’ supermarket environment July 3, 2019 Sainsbury’s sales fell in its latest quarter, the supermarket revealed today, as boss Mike Coupe warned of the consequences of a no-deal Brexit. Like-for-like sales slipped 1.6 per cent year on year for the four months to the end of June while retail sales dropped 1.2 per cent, piling pressue on Coupe after the supermarket’s [...]
Sainsbury’s partners with Deliveroo on pizza takeaway service July 22, 2019 Sainsbury’s has teamed up with Deliveroo to launch a takeaway pizza trial as the supermarket targets a slice of the expanding delivery market. Supermarkets are attempting to jump on the food delivery bandwagon as they seek new areas of growth. The UK’s food delivery market is worth £8.1bn, up 13.4 per cent since 2017, and [...]
Sainsbury’s outperforms big four rivals September 17, 2019 Sainsbury’s was the best performing of the big four supermarkets, according to industry data for the latest 12 week period, as the UK grocery market returned to growth. The supermarket saw sales dip 0.1 per cent in the 12 weeks to 8 September. Read more: Aldi targets London expansion as profit falls Rival grocers Tesco. [...]
Sainsbury’s planning major changes to struggling bank arm September 8, 2019 Sainsbury’s is plotting a radical overhaul of its loss-making banking arm as it reconsiders its business model in the wake of its failed merger with Asda. Read more: Sainsbury’s partners with Deliveroo on pizza takeaway service The household name is weighing up its options ahead of a meeting with investors in two weeks’ time. The [...]
Walmart mulls Asda IPO after Sainsbury’s merger blocked May 15, 2019 Retail giant Walmart has said it is considering a stock market listing for Asda, just weeks after the supermarket’s failed attempt to merge with rival Sainsbury’s. Walmart International boss Judith McKenna said the US chain is considering an initial public offering (IPO) for its UK subsidiary, but said it was “not rushing into anything”. Read [...]
General Election 2019: Businesses hit back as Labour ‘names and shames’ UK’s five worst bosses December 2, 2019 Businesses have hit back against Labour’s renewed attack, after the party “named and shamed” some of the biggest firms in the country. Retailers Amazon, Asda and Sports Direct, taxi app Uber and outsourcer ISS have all come under attack from Jeremy Corbyn, as part of Labour’s campaign promise to deliver “the biggest extension of workers’ [...]
Sainsbury’s shares lifted by strong performance but hottest day fails to revive flagging grocery sales August 20, 2019 Sainsbury’s led FTSE 100 risers this morning following the news the supermarket had put in its strongest performance since November 2017. The supermarket put in the strongest performance of all the big four grocers, but still saw its market share slip 0.6 per cent over the past 12 weeks, according to Kantar data released this [...]