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 [...]
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 [...]
Big Four fight back: Asda, Morrisons, Sainsbury’s and Tesco report rising sales after years of stagnation January 15, 2016 Tesco became the third supermarket to reveal better-than expected Christmas results yesterday, in the clearest sign yet that the industry is staging a successful fightback against German discounters Aldi and Lidl. The so-called big four – Tesco, Sainsbury’s, Asda and Morrisons – have been battling to respond to changing shopping habits and reverse the tide [...]
Asda drops petrol prices below £1 a litre as oil price hits seven year low but how long will it last? December 10, 2015 Asda's done it. From tomorrow its petrol will be cheaper than £1 a litre, but only for a couple of days. As oil prices continue to languish around seven year lows, Asda has announced it will cut the price of its unleaded petrol to 99.7p a litre, and diesel to 103.7p per litre. The reduction will only [...]
Sainsbury’s, Tesco, Asda and Morrisons diesel prices lowered to 99.7p falling under £1 for first time since 2009 amid falling oil prices January 3, 2016 The price of diesel will fall below £1 for the first time since 2009 at all Big Four supermarkets as Tesco and Asda were first to announce the cost of filling up will cost less, bringing a new year gift to motorists across the country. Supermarkets will drop the price per litre to 99.7 pence from Monday, with both [...]
Asda owner Walmart to close 269 stores as it ditches Walmart Express, its smallest-format chain, five years after they launched January 15, 2016 Asda owner Walmart has announced plans to close 269 stores – and scrapped its experiment with small-format stores altogether five years after they first launched. It seems US consumers' buying habits are vastly different to their British counterparts'… The supermarket giant – the world's largest company by number of employees, with 2.1m workers – said it was making the changes to "ensure [...]
What the Morrisons-Amazon tie up is doing to Tesco, Ocado and Sainsbury’s share prices February 29, 2016 Morrisons might be having a whale of a day after revealing its tie-up with Amazon this morning – but virtually the rest of the retail sector has spent the day so far in the red. Morrisons' share price soared on the news that it would be offering hundreds of products to Amazon's UK customers via [...]
After doing better than expected over Christmas, is there a case for being bullish on Tesco? January 15, 2016 Philip Dorrell, partner at Retail Remedy retail consultants, says Yes. Tesco has reached bottom and is now on the way back up. Pre and post Christmas, the supermarket appeared to have the best availability and store operational improvements of all the Big 4. The marketing campaign was solid, back to its roots with a bit of [...]
The Co-operative steals supermarket crown as strongest non-discounter, according to Kantar figures – as grocery sector boosted by New Year healthkicks February 9, 2016 The UK's struggling grocery sector has been given a shot in the arm from shoppers on a health kick, with sales up 0.2 per cent as consumers seek out fresh foods. The Co-operative was the fastest growing supermarket, outside of the discounters, in the 12 weeks to 31 January – the first time it can claim [...]
Sainsbury’s, Asda, Tesco and Morrisons will all cut petrol prices as oil falls below $40 a barrel December 9, 2015 Oil prices plunging below $40 a barrel for the first time since February 2009 may have thrown the markets, but it’s good news for consumers, as the price of petrol may fall to £1 a litre for Christmas. The RAC estimates that the average price of unleaded petrol will fall by 3p in the next [...]