What will happen to Tesco and its investors after yet another profit warning? Here’s what the analysts think December 9, 2014 What will happen to Tesco and its investors? Here's what the analysts think after the latest concerning news from the retail giant. Tesco's terrible year became a little bit worse this morning, after the beleaguered supermarket chain revealed that its profits for the financial year ending in 2015 would not exceed £1.4bn. This [...]
Aldi undaunted by price war as profits surge September 29, 2014 GERMAN discounter Aldi said yesterday that the supermarket price war was helping to drive more customers into its shops as it reported a 65 per cent jump in full-year profits. The retailer, together with its German peer Lidl, has been stealing market share from the big four supermarkets as it ramps up its presence in [...]
Tesco, Sainsbury’s and Morrisons: Have investors given up on supermarkets? October 1, 2014 Tesco's share price has fallen 3.4 per cent today. Wm Morrison's has declined by 5 per cent. Sainsbury's share price tumbled 6.6 per cent. Although they operate in the same sector, each of these three supermarkets is suffering its own problem. So what is happening? Tesco's well documented £250m black hole in its [...]
Is Waitrose boss Mark Price right that the Big Four supermarkets are “20 years out of date”? October 22, 2014 James McGregor, director of Retail Remedy, says Yes. Mark Price is correct that structural shifts in retail are a far bigger threat to the Big Four (Tesco, Sainsbury’s, Asda and Morrisons) than Aldi and Lidl. Yes, the discounters are a problem, but they’re not the big problem. The main issue is that people’s grocery shopping [...]
How Aldi is about to overtake Waitrose and become the sixth largest supermarket in Britain July 29, 2014 Aldi and Lidl continue to win in the battle of the supermarkets as their market share surged and sales were up, leaving the big four- Tesco, Asda, Sinasbury's and Morrisons- trailing behind when it comes to growth. Aldi’s stellar performance places it almost level with Waitrose as the big four continue to feel the pressure [...]
How Aldi is about to overtake Waitrose and become the sixth largest supermarket in Britain July 29, 2014 Aldi and Lidl continue to win in the battle of the supermarkets as their market share surged and sale rise, leaving the big four- Tesco, Asda, Sinasbury's and Morrisons- trailing behind. Aldi’s stellar performance places it almost level with Waitrose as the big four continue to feel the pressure from discounters. The latest figures from [...]
Aldi UK profits jump nearly 66 per cent September 29, 2014 Group turnover at budget supermarket Aldi rocketed more than 35 per cent in the UK and Ireland during 2013, while pre-tax profits soared by nearly two-thirds, it said today. Sales at the discount grocer rose to £5.27bn for the year to December 31, 2013, up from £3.89bn the preceding year. Pre-tax profits, meanwhile, jumped [...]
Tesco suffers worst decline in grocery sector October 21, 2014 TESCO emerged as the biggest loser in the grocery sector over the past three months, despite sales showing signs of recovery, as the supermarket price war and fierce competition continued to take its toll on the troubled retailer. The company, which stunned the City last month with revelations of a £250m black hole in its [...]
March of the discounters: Sainsbury’s share price rises as it promises £150m price cuts November 12, 2014 Newly-installed Sainsbury's chief executive Mike Coupe has taken the bull by the horns, promising a £150m "investment" in price cuts in order to compete with increasingly powerful discounters such as Aldi and Lidl. Investors were clearly impressed: shares rose four per cent as the market opened. The supermarket posted results showing its worst first-half performance [...]
Sainsbury’s needs to shore up the shop – Bottom Line October 1, 2014 In business, timing is everything, and retail moves faster than most businesses. Justin King, Sainsbury’s ex-kingpin, seems to have grasped this better than most when he sailed off into the sunset earlier this year, just as the storm clouds were gathering over the supermarket. Under King’s helm, Sainsbury’s reported a 2.1 per cent rise in [...]