Ranked: Sports Direct tops poll of UK’s most loathed brands October 23, 2018 House of Fraser owner Sports Direct is the UK’s most loathed brand, according to consumer finance website Money Saving Expert. However, billionaire Mike Ashley's bottom-placed retail giant may have been hurt by a social media campaign against the company, admitted the website, which asked 7,600 readers to rank 52 household name brands. Read more: Mike [...]
Morrisons turnaround gathers pace as supermarkets posts best sales quarter in nine years September 13, 2018 Morrisons continued its turnaround as sales at the country's fourth largest supermarket soared in its best quarter for nine years. The figures The group's like-for-like sales were up 6.3 per cent in the second quarter. Revenue for the first half of the year was also up 4.5 per cent to £8.8bn compared with the same [...]
Morrisons turnaround gathers pace as supermarkets posts best sales quarter in nine years September 13, 2018 Morrisons continued its turnaround as sales at the country's fourth largest supermarket soared in its best quarter for nine years. The figures The group's like-for-like sales were up 6.3 per cent in the second quarter. Revenue for the first half of the year was also up 4.5 per cent to £8.8bn compared with the same [...]
Supermarket sweep: Industry benefits from World Cup shopping spree September 18, 2018 The World Cup and sunny weather led consumers to spend almost £500m more at supermarkets over summer than they did the year before, according to new data released today. Alcohol spending grew by £228m, while people spent £178m more on fizzy drinks and £74m more on ice cream during one of the hottest summers on record, [...]
Supermarket sweep: Industry benefits from World Cup shopping spree September 18, 2018 The World Cup and sunny weather led consumers to spend almost £500m more at supermarkets over summer than they did the year before, according to new data released today. Alcohol spending grew by £228m, while people spent £178m more on fizzy drinks and £74m more on ice cream during one of the hottest summers on record, [...]
Another Sainsbury’s shareholder says Asda deal “makes a lot of sense” May 3, 2018 Another Sainsbury’s shareholder has said that the proposed merger with Asda “makes a lot of sense”. Jason Doctor at Pzena Investment Management, which owns around three per cent of the supermarket’s issued shares, told City A.M. it could benefit the Sainsbury’s, Asda, and Argos brands. “The deal itself really makes a lot of sense, it’s [...]
Sainsbury’s Asda merger facing review by the Competition and Markets Authority April 30, 2018 Sainsbury’s proposed merger with Asda is “likely to be subject to review”, the Competition and Markets Authority (CMA) confirmed this morning. Sainsbury’s chief executive Mike Coupe said this morning that the supermarket has asked the CMA to fast-track the deal to a phase two in-depth probe, and expects the watchdog will be minded to keep [...]
Sainsbury’s growth falls behind big rivals in latest Kantar figures as it eyes Asda merger to halt Tesco’s march May 1, 2018 The latest grocery market share figures out today from Kantar Worldpanel report strong showings from Tesco and Morrisons while Sainsbury’s growth lags behind. The much-discussed Sainsbury’s merger with Asda, confirmed in detail yesterday, would nab a potential share of 31.4 per cent. For the 12th consecutive period, Tesco has grown more than two per cent, [...]
The future of UK supermarkets is big data and personalisation May 9, 2018 The proposed merger of two supermarket giants, Asda and Sainsbury’s, has been hailed as one of the new “forces of UK retail”. But in a rush to point out that the combined chain would have nearly a third of the UK supermarket sector, one key factor has been ignored: Amazon. Amazon recently launched its online [...]
Aldi may drop prices to compete with Tesco’s new budget venture Jack’s October 1, 2018 Low-cost supermarket chain Aldi "will never be beaten on price", and could even drop them in response to Tesco's new low-cost venture Jack's, it said today. UK and Ireland chief executive Giles Hurley said Aldi welcomes competition from new players such as Jack's, adding: "If we need to reduce retail prices we will." Read more: Drastic Dave's no-frills move must [...]