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 [...]
Asda boss Andy Clarke adds £500m fuel to the supermarket price war with Tesco, Sainsbury’s, Morrisons as well as discounters Aldi and Lidl ahead of supermarket Christmas earnings bonanza January 10, 2016 Asda is throwing a further half a billion pounds at the supermarket price war as boss Andy Clarke predicted another "challenging" year for the sector. "There is currently no growth in the food market and the rise of the limited assortment discounters means that we must take radical action to win back our customers," said [...]
Aldi is hungry for a 10 per cent share of the grocery market July 6, 2016 It's a tough time for supermarkets, but as the price war between the Big Four rages on, Aldi's UK chief executive says he is aiming to take a 10 per cent share in the grocery market. Speaking to City A.M., Matthew Barnes, Aldi's chief executive in UK and Ireland Matthew Barnes said: "We will have 10 per cent [...]
Asda swaps Clarke for Clarke as chief exec says he’ll step down next month June 13, 2016 Well, that was sudden: we knew Asda chief executive Andy Clarke was planning on going – but now the supermarket's owner has said Clarke will step down next month. In a statement this morning Asda confirmed reports Clarke, who has been at the company for more than 20 years – six of which have been [...]
This £5 supermarket Malbec has been named the world’s best red wine June 13, 2016 It looks like it's officially time to embrace supermarket plonk, after Asda rode to a surprise victory with one of the world's best red wines at the Decanter World Wine Awards. The supermarket toasted the success this weekend of its Chilean La Moneda Reserva Malbec after it won the top prize in the single-varietal red under £15 category at the awards, [...]
Yeo Valley-manufactured yoghurts sold at Tesco, Waitrose, Asda, Sainsbury’s and The Co-Operative in rubber scare recall August 1, 2016 Five supermarkets have been advised to recall thousands of own-brand yoghurts manufactured by Yeo Valley as they may contain small pieces of rubber. Asda, the Co-Operative, Sainsbury, Tesco and Waitrose have all been affected by the recall of the yoghurts. The rubber was found in a fruit conserve made by a supplier, Yeo Valley said [...]
The Mog effect? Sainsbury’s share price climbs as grocer outperforms Tesco, Asda and Morrisons as Kantar supermarket figures December 15, 2015 Could it be the Mog effect? Sainsbury's has beaten Tesco, Asda and Morrisons to become the best performing supermarket among the Big Four. In fact, Kantar Worldpanel figures show that Sainsbury's was the only grocer among the top spots to post a growth in sales for the 12 weeks to 6 December, up 1.2 per cent. Tesco and Asda had [...]
Walmart’s China boss Sean Clarke set to become Asda’s next CEO June 12, 2016 Walmart is set to name Sean Clarke, the retailer's boss of its Chinese operations, as Asda's new CEO. The Big Four supermarket chain's parent company could make an announcement as early as this week, Sky News reported. The news comes after current boss Andy Clarke confirmed in an interview with Retail week last week that he's going to [...]
Asda boss Andy Clarke to check out amid sales slump June 6, 2016 Asda CEO Andy Clarke, the longest-serving of the big four supermarkets' bosses, confirmed today he's stepping down. Asda's incoming chief operating officer Roger Burnley, who is not set to start his new job until October, is likely to be Clarke's successor. Asda poached Burnley, a former Sainsbury’s top director, last year to become Clarke's right [...]
Over 65s face less inflation than millennials due to the supermarket price war July 19, 2016 The over 65s have the lowest real inflation rate of any age group because of the supermarket price war, according to research from Fidelity International. The report from Fidelity shows the over 65s experience an inflation rate of 0.3 per cent, while millennials (under 30s) face an inflation rate of 0.9 per cent – the highest of any [...]