Troubling times for retailers to the squeezed middle April 29, 2012 SPARE a thought for the squeezed middle. No, not the ordinary family as defined by Ed Miliband, but the places they shop and the things they buy. The mid-market consumer firm is finding the going very tough indeed. There has been much written about Tesco’s troubles in recent months, punctuated by a series of ignominious [...]
Tesco continues to shed market share as Asda hits record high March 27, 2012 TESCO has continued to shed market share in the first three months of 2012, latest figures showed yesterday, while number two supermarket Asda has seen its slice of the pie jump to a record high. According to Kantar data released yesterday, Tesco’s year-on-year growth lagged behind the rest of the sector at just 2.7 per [...]
Here’s the real Plan B for Britain: We need a competition revolution May 14, 2012 NO ONE can dispute that the UK economy needs more growth. It seems that the coalition’s essential austerity measures are not enough. But despite its cheerleaders, the usual Plan B, based on debt-financed infrastructure spending, won’t make any difference to growth – while denting confidence. One such plan suggested £30bn in spending. Over three years, [...]
Aldi and Lidl grow their market share July 19, 2011 DISCOUNT supermarkets have grown their market shares as cash-strapped customers seek out bargains. Aldi and Lidl saw strong market share growth in the 12 weeks to 10 July, according to figures from the Kantar Worldpanel. Aldi achieved a 20.2 per cent rise in UK market share to 3.5 per cent. Lidl’s share rose 15.6 per [...]
WHICH SECTORS MAKE THE MOST BILLIONAIRES? March 7, 2012 ● TMT The tech and telecoms sector is holding firm towards the top of the table, with Carlos Slim, Bill Gates and Oracle owner Larry Ellison inside the top 10 and more than 100 across the entire list. Savvy investments in the likes of Facebook and Twitter can also make billions, as Netscape founder James [...]
Tesco keeps on losing share to cut price rivals February 29, 2012 LEADING supermarket Tesco failed to increase sales as quickly as its rivals in the last 12 weeks, data out yesterday showed, while leaked documents showed the Co-op is well behind its sales targets already this year. Tesco’s sales rose 2.5 per cent in the 12-week period ending 19 February, compared with the same period last [...]
Waitrose tops supermarket poll December 15, 2011 Waitrose has topped the Which? annual customer satisfaction survey for the third year running, winning a score of 83 per cent as its big four rivals failed to impress. Budget retailers Aldi and Lidl came second and third respectively, beating Mark & Spencer – which came fourth – for the first time. Tesco and The [...]
Tesco’s slice of market shrinks January 31, 2012 SUPERMARKET giant Tesco has seen its market share fall under 30 per cent for the first time in almost seven years as it struggled to recover from its dire Christmas trading performance, according to new data from Kantar Worldpanel. Tesco’s market share – based on a measure of how much money has gone through its [...]
Asda loses market share as Lidl and Aldi shore up their position June 21, 2011 ASDA’S share of the UK grocery market fell from 16.7 per cent to 16.3 per cent in the 12 weeks to 13 June, according to figures from Kantar Worldpanel. The figures show that the Wal-Mart-owned chain is now only marginally ahead of Sainsbury’s, which held its share steady at 16.2 per cent. Discount stores Aldi [...]
Tesco loses market share in run-up to Xmas January 10, 2012 Britain’s biggest retailer, lost grocery market share in the run-up to Christmas as rivals fought back against its price-cutting campaign and cash-strapped shoppers flocked to discount stores, according to new data. Market researcher Kantar Worldpanel said grocery sales rose 4.8 per cent in the 12 weeks to 25 December. That lagged a 5.9 per cent [...]