Why the UK is falling out of love with fashion: M&S, Debenhams and Ted Baker offer solutions to the high street clothing crisis January 24, 2017 In 2016, Britons were focused less on fashion, and more on enjoying themselves. We ate out and drank more, but spent less on clothes. In other words, we “shifted towards the experience economy”, according to Richard Lim, chief executive of Retail Economics. “Since Brexit, the components within the economy holding up well have been consumer expenditure [...]
Tesco, Asda and Morrisons named Christmas losers by Kantar as Waitrose, the Co operative, Aldi and Lidl crowned the winners January 12, 2016 There was little Christmas cheer for the supermarket sector – but some individual grocers outperformed the wider market, Kantar Worldpanel said this morning. The sector as a whole fell 0.2 per cent in the 12 weeks to 3 January, with Asda dropping the furthest – consumer spend at the Walmart-owned retailer was down 3.5 per cent. Tesco [...]
Now Lidl’s getting into the online grocery delivery business after Amazon Fresh’s UK debut and Aldi’s plans, taking on Tesco, Sainsbury’s, Asda and Morrisons November 24, 2015 Fresh from Amazon's launch into the highly competitive grocery delivery game with Pantry, is fellow supermarket disrupter Lidl about to follow suit? The German discounter, which is already giving the big four a run for their money in bricks and mortar, has snapped up a fresh food delivery startup in its home country. Kochzaube, which delivers fresh [...]
Take that, Aldi: Tesco gains market share for the first time in years but Morrisons, Sainsbury’s and Asda decline further October 18, 2016 It looks like Tesco is beginning to win the battle of the supermarkets, after new figures showed it won supermarket share in the last three months – for the first time in five years. Figures by Kantar Worldpanel showed Tesco increased sales by 1.3 per cent in the 12 weeks to 9 October, which pushed its [...]
How German discounter Lidl became the UK’s fastest growing supermarket November 30, 2015 At Lidl on Clapham Road, south London, friends Raquel Zantedeschi and Beatriz Castro are doing their weekend shop together, their baskets filled with fresh produce, meat and Lidl’s own brand cheeses. Being Italian, Zantedeschi, 35, jokes that she knows her produce: “I personally come here to buy fruit and vegetables that come from Italy and [...]
Tesco, Sainsbury’s, Asda, Morrisons and even Lidl supermarkets slash Christmas 2015 advertising spend December 22, 2015 Britain's beleaguered supermarkets have slashed the amount of cash they are spending on advertising over Christmas this year, with Tesco and Sainsbury's cutting budgets by as much as 30 per cent. Troubled Tesco made the biggest cuts to its festive advertising, spending almost £3m less in a four week run up to the big day compared to last [...]
Winners of the year 2015: Uber, Lidl and Tony Pidgley and other success stories December 6, 2015 In 2015 the UK's economy continued to steadily grow and employment reached new highs – it was a good year for business. There will be plenty of champagne corks popping and glasses clinking this Christmas period, and no one has more reason to do so this year than these companies and personalities. Read more: The seven [...]
Tesco’s pension deficit has more than doubled in six months October 5, 2016 The market has responded positively to Tesco's new target for operating margin to move to four per cent by 2020, but Tesco also reported this morning that its pension deficit has more than doubled in six months. The deficit has risen from £2.61bn to £5.85bn due to exceptionally low bond yields, leaving the scheme's trustees in a tight spot. [...]
Discount supermarkets set to benefit as consumer confidence falls through the floor after the Brexit vote July 29, 2016 Discount supermarkets are set to win big on Brexit as consumer confidence falls through the floor. UK consumer confidence dropped by 11 points in July – the biggest monthly fall for over 26 years, according to GfK. GfK’s consumer confidence index is now at -12, and dicount supermarkets could be the ones to benefit. A [...]
Here’s why Ocado’s share price has slumped this morning September 13, 2016 Ocado's share price fell more than 10 per cent in early trading this morning, despite the company announcing retail sales growth of over 13 per cent. The stock had dipped by almost 15 per cent before noon, in a sell-off sparked by comments from the delivery service's chief executive Tim Steiner, who said the company is facing continued margin [...]