Aldi sold one million turkeys this Christmas January 12, 2016 Traditional retailers might have had a tough Christmas trading period, but Aldi continues to prove it's no turkey. The German grocer today said it experienced its highest ever sales in a single day this festive period – peaking on 23 December – since launching in the UK 25 years ago. The discount retailer welcomed "hundreds of [...]
Aldi to open 80 stores and create 5,000 jobs in the UK this year February 15, 2016 Disruptive German supermarket Aldi will open 80 new stores in the UK this year, creating 5,000 jobs in the UK, it said this morning. The plans will take the supermarket's estate to 700 outlets in the UK, it said in a statement this morning. A spokesman for the retailer said the stores will be "right across the [...]
Watch the Sainsbury’s Christmas ad here – James Corden is on vocals November 14, 2016 We've had the festive offerings from Marks & Spencer, John Lewis and Aldi – and now the Sainsbury's Christmas ad has arrived. The supermarket has brought America's favourite Briton, James Corden, on board to take part in its musical extravaganza which "tells the story of Dave, a hard-working and devoted Dad, who realises that the greatest [...]
Ultimate Products’ London IPO has been priced at £105m ahead of it joining the main market next week March 1, 2017 Ultimate Products' offer price has been set at 128p, which will equate to a market capitalisation of approximately £105.2m. The offer comprises 41,084,800 shares, representing 50 per cent of the company’s issued share capital on admission. Shore Capital is acting as sponsor, global co-ordinator and bookrunner to the Company, and Cenkos is acting as joint bookrunner. [...]
Supermarkets had a record Christmas – but prices are rising January 10, 2017 Supermarkets had a record Christmas period in 2016, with sales growing at their fastest rate since June 2014, but prices are finally starting to rise following the Brexit vote. The latest figures from Kantar Woldpanel show that sales were up 1.8 per cent for the 12 weeks ending 1 January. Consumers spent nearly half a billion pounds [...]
Consumer spending cooled in December after post-Brexit spending spree January 10, 2017 Consumer spending cooled towards the end of 2016, pointing to a slowdown in Britain's spending spree following the Brexit vote. In October and November, consumer spending growth hit 5.5 per cent and 5.1 per cent respectively, according to Barclaycard. But this figure fell to four per cent growth year-on-year in December. Read more: Aldi bags [...]
Christmas spending splurge fails to push high street sales into positive territory January 6, 2017 High street shops ended a disappointing year with a dismal performance during the festive season, failing to land positive sales despite bumper spending in the week before Christmas. Christmas fell on a Sunday this year, meaning shoppers had an extra day to spend, but like-for-like sales growth on the high street still came in at [...]
HSBC marks out the winners and losers from the national living wage October 19, 2016 HSBC has today outlined how businesses can combat the cost pressures of the national living wage – and the kind of companies that will be the winners and losers from the legislation. The best way to offset the new costs is to find productivity growth, HSBC analysts said in a note, although "this would require a [...]
Solid fare expected from the UK’s listed supermarkets this week, including Tesco and Morrison’s, as a raft of retailers reveal their seasonal sales results January 8, 2017 The UK's three major listed supermarkets are expected to report solid Christmas trading this week, although investor focus will be on the outlook given this year's expected squeeze on consumer spending. On 10 January, Morrison's is expected to report underlying sales growth of 1.1 per cent for the nine weeks to 1 January according to [...]
Aldi ramps up online ordering and home delivery after wine ecommerce success with “special buy” electricals and more March 8, 2016 After kicking off the year by dipping its toe in the water with wine, Aldi is now expanding its range of products available to order online for home delivery for the as the supermarket hailed its success. The German discounter which is challenging the big four bricks and mortar supermarkets revealed plans to challenge them in the online world [...]