Why you won’t find Black Friday discount deals at Aldi and Lidl summed up in a single tweet November 28, 2014 Aldi has taken an overt swipe at its supermarket rivals over Black Friday deals with a single tweet. As shoppers wrestled each other over discount deals in Tesco and Asda, Aldi tweeted: "Hmm, we think we did #BlackFriday last week. Although it was just called 'Friday'. And it's the same every day!" Hmm, we think [...]
Morrisons to fall from FTSE 100 as investors leave it on the shelf June 1, 2015 MORRISONS is facing relegation from the FTSE 100, after being earmarked for demotion by the stock market’s committee. The supermarket, whose share price has fallen more than 15.5 per cent in a year, is the company “nearest to the 111th threshold” to enter the FTSE 250, the London Stock Exchange said yesterday. Satellite network operator [...]
Supermarkets Sainsbury’s, Tesco and Morrisons told they must shrink to survive in war against discounters Aldi and Lidl November 17, 2014 Supermarkets need to dramatically scale down their store estates if they want to stop haemorrhaging sales and return to growth, according to analysts at Goldman Sachs who sent a stark warning to the retail industry. In a research note published yesterday, Goldman Sachs said Sainsbury’s, Tesco and Morrisons must cut space by around 20 per [...]
Store wars: Lidl attacks Morrisons with combative ad campaign October 4, 2014 Lidl have launched a new ad campaign, ridiculing Morrisons's attempts to match their prices. This may sound like dry advertising rivalry, but the gauntlet has been well and truly thrown down. Great advertisement from @LidlUK – very clever response to @Morrisons price pledge. pic.twitter.com/zUwrEKms6c — Steve Myall (@stevemyalleats) October 4, 2014 The advert lists the steps [...]
Supermarket sweep: Here’s how Britain’s rapidly changing grocery sector will look in 2020 June 4, 2015 Here's a slither of good news for Britain's embattled grocery sector – growth is likely to pick-up over the next five years, according to food and consumer goods researcher and charity IGD. The grocery market will swell by 13 per cent to £200.6bn by 2020, as growth picks up from a low of 1.7 per [...]
Aldi fined over price-fixing in Germany June 18, 2015 Aldi is among the retailers fined by Germany's competition authority over price fixing. Read more: Bargain Booze is playing Aldi at its own game The discounter is one of seven food retailers and four producers which have been fined €151.6m (£108.9m) over price fixing on "some products". Andreas Mundt, the president of Germany's cartel office, [...]
Premier Foods’ share price tanks as Aldi, Lidl and online shopping weigh on manufacturer October 23, 2014 Food manufacturer Premier Foods reported lower third-quarter sales yesterday, hit by consumers turning to online shopping or discount chains that stock their own brands for groceries. Shares tanked 14.6 per cent on the disappointing results yesterday to close down at 29.25p. “Market conditions in the third quarter have proved to be increasingly demanding with unprecedented [...]
Record grocery deflation hurts sales at Tesco, Asda and Morrisons and Sainsbury’s May 6, 2015 All four of Britain’s major supermarkets saw sales fall over the last 12 weeks, while the discounters continued to slow, as grocery price deflation reached another record low, figures released yesterday show. Sainsbury’s was the strongest performer among the big four despite a 0.2 per cent fall in sales thanks to its increased focus on [...]
Premier Foods’ share price opens lower as sales drop amid supermarket price war July 23, 2015 Premier Foods' share price opened lower this morning as the group that owns Mr Kipling, Bisto gravy and Ambrosia custard revealed a sluggish effort to shake off the impact from the supermarket price wars. The figures: Branded sales were down 1.4 per cent while non-branded foods dropped 3.1 per cent. In total, group sales were [...]
Every Lidl helps when it comes to boosting local house prices September 21, 2014 Living close to a discount store such as Lidl can increase the price of your property by almost £30,000, according to research released today. Research by online estate agents Housesimple.co.uk looked at the location of Lidl supermarkets in some of the major towns and cities across the UK and found that, in 80 per cent [...]