Sainsbury’s to phase out Bogof and other multi-buy grocery deals from August February 11, 2016 Sainsbury's has become the latest supermarket to announce it is phasing out multi-buy deals in favour of lower everyday prices instead. The move, which will see the end of buy one get one free (bogof) and other such deals comes after Tesco announced similar plans last month, bring both chains closer in line with practices of the discounters Aldi and [...]
Aldi, Ocado, Morrisons, Tesco and Sainsbury’s are all making moves to win market share, but Asda’s next step is unclear March 9, 2016 The latest supermarket sales data has painted a slightly less gloomy picture than has become customary for Britain's big four grocers, hinting that the billions poured into lowering prices and luring back customers might finally be paying off. Despite a brutal price war that has savaged Tesco, Asda, Sainsbury’s and Morrisons, data from Kantar has shown [...]
Supermarkets reap over £1bn of property investment in 2015 as new buyers pile in March 22, 2016 Britain's supermarket sector attracted over £1bn of property investment last year as investors shrugged off the price wars and and went in search of stable returns. Research released today by Colliers International and data analytics provider MSCI revealed that deal volumes reached £1.4bn in 2015, up slightly on the previous year but down on the record [...]
Waitrose is “well set up” to face arrival of Amazon, says outgoing boss Mark Price March 10, 2016 Waitrose's outgoing boss Lord Price played down the threat of Amazon's entry in the UK, insisting it was strong enough to fend off competition and would continue to be “one of the few” retailers to increase profitability this year. Price, who was made a peer last week ahead of his new role as trade minister [...]
Tesco comes to single shoppers’ rescue this Valentine’s Day with a new way to find The One when Tinder hasn’t worked February 6, 2016 Every multinational retailer’s favourite celebration of love is coming up. But if you’re still on the hunt for that special someone to share Valentine’s Day with, forget Tinder and other dating apps. This year, there’s a new way to find the one: through your shopping basket. Tesco has lent a hand to shoppers looking for [...]
Morrisons may not be the most obvious partner for Amazon, but there is method behind the marriage – and it could mean trouble for Asda, Tesco and Ocado March 1, 2016 Only one pound out of every £10 that Britons spend on groceries drops into Morrisons’ tills. Not a bad ratio, you might think, but like its bigger rivals (over £6 in every £10 is spent in Tesco, Sainsbury’s or Asda), Morrisons has been struggling with a declining market share. The Bradford-headquartered supermarket is not the [...]
Supermarket share: Rise of discounters Aldi and Lidl continues – although Sainsbury’s performs well May 6, 2015 Sales at discounters Aldi and Lidl grew 15 per cent and 10 per cent respectively in the past year, data published this morning shows. On the day Sainsbury's posted its first loss in 10 years, that's significant. More on this story: Sainsbury's reports its first loss in a decade The figures, published by Kantar Worldpanel, [...]
Amazon delivers blow to Ocado with announcement of Morrisons deal February 29, 2016 Ocado shareholders fled to the checkout yesterday after its partner Morrisons revealed it had inked a major deal with Amazon, signing a ground-breaking agreement that will pave the way for the US giant to ramp up its presence in the UK grocery market. The tie-up, which is set to go live in the coming months, will see [...]
Tesco’s share price climbs as it stems declines but Asda and Morrisons crowned worst performing supermarkets in the UK March 8, 2016 Tesco has continued to stem its declines, but Asda and Morrisons have tumbled further, according to Kantar Worldpanel's latest figures for the supermarket sector. Sales at Tesco fell 0.8 per cent – meaning its performance is still well below the sector average of 0.5 per cent growth – but a relative improvement on last month's decline of [...]
Sainsbury’s beats forecasts on results, but profits and sales still slide as Mike Coupe warns of tough road ahead May 4, 2016 Sainsbury's share price fell this morning as full year profits came in ahead of analyst forecasts – but still show a hefty year-on-year decline as the price wars continue to take their toll. The figures The supermarket reported group sales of £25.8bn for the 12 months to 12 March – down 1.1 per cent on the same period last [...]