Asda owner Walmart goes head-to-head with Amazon as it requests permission to test drones for delivery October 27, 2015 Could your next Asda shop be delivered by drone? The supermarket's parent company, Walmart, has entered the drone wars, it's been reported, applying to US regulators to request permission to test out drones for delivery. Reuters reported that the company hopes to use drones for "home delivery, curbside pickup and checking warehouse inventories". That pits Walmart [...]
Tesco share price falls as supermarkets suffer for third day amid renewed concerns about discounters Aldi and Lidl August 20, 2015 When one supermarket sneezes, it seems the rest catch a cold. Shares in troubled supermarket Tesco fell to their lowest level since January this morning, two days after Asda reignited concerns over the threat from German discounters. Tesco shares dropped 1.77 per cent today, while Sainsbury's shed 0.77 per cent. Both are down about four percent since [...]
Best of the Brokers for 11 November 2015 November 11, 2015 To appear in Best of the Brokers, email your research to notes@cityam.com COMPAGNIE FINANCIERE RICHEMONT RBC Capital Markets has reiterated its “outperform” rating and €90 target price despite the broker reducing its 2016-17 earnings per share forecasts by around five per cent, reflecting a more difficult outlook in the second half of the year [...]
Black Friday 2015 UK: Police in Scotland and Manchester warn over deal scams and bargain hunter violence November 27, 2015 Police have warned bargain hunters to be vigilant on Black Friday, claiming they could become victims of online scams – or in-store violence – on what is set to be the biggest shopping day of the year. Police in Greater Manchester have told shoppers that they must check they are not being ripped off before [...]
Tesco launches “immediate” price match guarantee against Sainsbury, Asda and Morrisons October 12, 2015 Tesco has launched a new "immediate" price match service, promising to give money back to customers if they could have bought branded goods cheaper elsewhere. Tesco's Brand Guarantee will enable customers to receive money off their bill at the checkout – both in person and online – if the overall cost of their branded grocery shop [...]
Black Friday UK 2015: EBay has just unveiled its first deals for bargain-hunters including offers on Macbook Pro, Xbox One Console, LG 50 inch Smart LED TV, Lenovo Notebook November 23, 2015 As all good retailers know, Black Friday is not about incremental sales, it's about being the first to snare the finite amount of cash consumers are willing to spend in the run-up to Christmas. Amazon has kickstarted the process with the first of its 7,000 deals going live this morning. Carphone Warehouse, Very and a host of [...]
Now Lidl’s getting into the online grocery delivery business after Amazon Fresh’s UK debut and Aldi’s plans, taking on Tesco, Sainsbury’s, Asda and Morrisons November 24, 2015 Fresh from Amazon's launch into the highly competitive grocery delivery game with Pantry, is fellow supermarket disrupter Lidl about to follow suit? The German discounter, which is already giving the big four a run for their money in bricks and mortar, has snapped up a fresh food delivery startup in its home country. Kochzaube, which delivers fresh [...]
Black Friday 2015 UK: Amazon reveals deals on Toshiba Notebooks, Xbox Ones, Nintendo consoles as it claims to have saved consumers millions already November 24, 2015 Amazon UK has revealed more Black Friday UK deals, as it claims the event is shaping up to be the biggest yet. Bargain hunters can get their hands on a Toshiba Satellite C55-C-11G 15.6-inch Notebook for £264.99 instead of £329, an Xbox One 1TB Console with Forza Motorsport 6 for £279 instead of £331.99 and a [...]
Black Friday 2015 UK: Police asks retailers to extend bargains day to a week in a bid to stave off the chaos of last year at stores like Tesco and Asda November 11, 2015 Perhaps Asda was right to step back from Black Friday. Police have called on retailers to put into place a better strategy for dealing with the huge numbers of shoppers expected to storm high streets and supermarkets on 27 November. The National Police Chiefs' Council has urged retailers to deploy more staff and security to help [...]
UK shoppers to splash out £20.3bn on groceries this Christmas December 2, 2015 British shoppers are on course to spend £20.3bn on groceries over the festive period, an increase of 1.4 per cent on the £20bn spent in 2014, according to research from IGD. The grocery industry body said shoppers are feeling more upbeat about Christmas this year, with almost a fifth (19 per cent) of people surveyed [...]