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 [...]
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 [...]
Online shoppers abandon Tesco and Asda as website traffic drops at Britain’s biggest grocers November 23, 2015 Tesco and Asda have seen a sharp drop in traffic to their websites over the last year, new research shows, in a sign that supermarkets are facing fierce competition online as well as on the shop floor. Visits to Tesco’s website through desktop computers and mobile devices dropped to 35m in November from 49m the [...]
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 [...]
Sales drop at Sainsbury’s in second quarter – but Argos is growing September 28, 2016 Sainsbury's reported at drop in sales during the 16 weeks to 24 September, despite transaction growth and flat fuel sales – but Argos posted a strong performance for its second quarter. The company's share price had fallen by 3.03 per cent in mid-morning trading. The supermarket posted a 1.1 per cent decline in like-for-like sales, [...]
Bonmarche’s shares plunge after company issues profit warning September 21, 2016 Bargain clothes retailer Bonmarche's shares plunged 28 per cent after the company issued a profit warning. The company is lowering its profit forecast for the year to between £5m and £7m after trading in September was "extremely poor." Read more: Bonmarche names new chief executive Bonmarche's fortunes were hit by "unseasonably hot weather", the retailer said, which hampered sales of [...]
Asda owner Wal-Mart Stores share price falls as constant currency revenue inches up for fourth quarter and fiscal year 2016, after firm closes more than 250 stores worldwide February 18, 2016 Share price in Wal-Mart Stores fell today after the US retail giant revealed constant currency revenues had inched up only slightly for both its fourth quarter and its fiscal year 2016. Total revenue for the year ended January 2016 was $499.4bn (£347.7bn) on a constant currency basis, up 2.8 per cent on the year before, while [...]
Walmart results: Asda third quarter sales drop as parent company’s performance improves November 17, 2015 Asda's chief executive Andy Clarke will be coming under greater pressure, as the troubled supermarket reveals another drop in sales. Back in August, Clarke said the supermarket had reached its nadir – but today it appears to have fallen further. Like-for-likes at the Walmart-owned grocer fell 4.5 per cent for the 13 weeks to 30 September. That [...]
Amazon expands Pantry online supermarket as it lays out fresh challenge to UK’s Big Four supermarkets Asda, Tesco, Sainbury’s and Morrisons December 29, 2015 Amazon’s foray into the supermarket sector has quickly become a success, after the online retail giant announced plans to expand its new Pantry service in the UK next year. In other words, there's more disruption ahead for the UK’s troubled traditional supermarkets. The “Big Four” – Asda, Tesco, Sainsbury’s and Morrisons – are struggling to keep up [...]
Analysts applaud Dave Lewis’ efforts to turn around Tesco October 5, 2016 Tesco posted a 0.6 per cent increase in UK like-for-like sales this morning and analysts have been reacting well to chief executive Dave Lewis' efforts to revive the embattled retailer. And the market seems to agree with them, with the retailer's share price jumping nine per cent in early morning trading. Lewis has been managing [...]