Discounter Aldi ramps up market share as Easter approaches April 2, 2019 Cut-price supermarket Aldi continued its rise up the grocery food chain in March, achieving a record market share of eight per cent as it made ground on its rivals. The German-owned chain’s sales increased by 10.6 per cent in the 12 months to 24 March compared to a year earlier, pushing its market share up [...]
M&S’s FTSE exit is a symbol of its terminal decline September 6, 2019 Archie Norman, the Marks & Spencer chairman, put a brave face this week on the retailer’s demotion from the FTSE 100. Nothing to see here, he said: the business was exactly the same on the day after its relegation. Focusing on it was the reddest of herrings. In a sense, he is right – but [...]
DFS share price falls as it warns investors of ‘volatile’ political backdrop July 11, 2019 DFS posted strong sales growth for its latest financial year today but also warned future earnings could suffer from uncertain economic outlook. Read more: DFS doubles profit but warns of ‘challenging’ 2019 The sofa giant revealed that online sales growth hit 17 per cent in the 12 months to the end of June, with underlying [...]
Ex-Uber boss Travis Kalanick’s new venture snaps up UK ‘dark kitchens’ business March 26, 2019 The food delivery company run by Travis Kalanick snapped up London ‘dark kitchens’ firm Foodstars last year, as the former Uber boss looks to expand his new venture in the UK. City Storage Systems, which trades as Cloud Kitchens in the US, quietly bought the startup up last year, according to documents filed to Companies House. [...]
FTSE risers and fallers: FTSE 100 falls one per cent as global growth concerns hit stock markets January 22, 2019 Stock markets across the world have fallen today on heightened fears of a global growth slowdown. Warnings by the International Monetary Fund and the United Nations that the US-China trade war could accelerate the slowdown yesterday weighed heavily on equities as the FTSE 100 fell more than one per cent. The mining sector, reliant on [...]
The UK’s best and worst supermarkets: How did Sainsbury’s, Asda, Aldi and Lidl do? February 22, 2019 The big four supermarket chains have lost ground to budget rivals in a survey of shopper satisfaction, as customers grow increasingly dissatisfied with the the quality of in-house labels. Read more: Watchdog may block Sainsbury's-Asda merger Aldi and Lidl outperformed the big four with customer satisfaction scores of 68 and 66 per cent respectively, according to [...]
Morrisons in City spotlight for first-quarter results May 6, 2019 Investors will be hoping Morrisons can replicate recently-improved trading results from its supermarket rivals later this week when it looks set to extend a long spell of like-for-like sales growth. Read more: Morrisons granted permission for Supreme Court appeal over data ruling Following a largely better-than-expected financial performance from both Sainsbury’s and Tesco in recent [...]
Morrisons in City spotlight for first-quarter results May 6, 2019 Investors will be hoping Morrisons can replicate recently-improved trading results from its supermarket rivals later this week when it looks set to extend a long spell of like-for-like sales growth. Read more: Morrisons granted permission for Supreme Court appeal over data ruling Following a largely better-than-expected financial performance from both Sainsbury’s and Tesco in recent [...]
Hello Fresh delivers healthy growth as it draws up recipe to break even March 6, 2019 Meal kit firm Hello Fresh today posted a surge in its full-year and fourth quarter sales as it eyes plans to break even in 2019. The figures Revenues for the full year soared 41.4 per cent to €1.2bn (£1.03bn). Losses before interest, tax, depreciation and amortisation narrowed from €70.1m to €54.5m. Total number of orders [...]
ii view: Sales retreat at Sainsbury’s July 8, 2019 By Keith Bowman from interactive investor. Tough comparatives have impacted results for this supermarket, but that is no surprise. First quarter trading for 16 weeks to 29 June 2019 Total sales down 1.2 per cent (excluding fuel) Like-for-like sales declined 1.6 per cent (excluding fuel) Grocery sales fell 0.5 per cent General merchandise sales down 3.1 per cent [...]