Lidl sales soar as big four supermarkets struggle November 12, 2019 Budget supermarket Lidl enjoyed soaring sales this autumn, as the big four grocers struggled to keep up with the German discount stores in the lead up to the crucial Christmas trading period. Lidl was the fastest growing bricks and mortar supermarket in the 12 weeks to 3 November with a sales increase of 8.8 per [...]
Lidl ramps up expansion plan with 230 new stores November 10, 2019 Lidl’s expansion spree is set to accelerate, with the German discounter planning 230 extra store openings. The new store plan, first reported today in the Sunday Times, is the latest in a string of bullish moves from Lidl and Aldi, which have been snapping up an increasing share of the grocery market. In a bid [...]
Asda gives hundreds of employees extra week to sign new contracts before facing sack November 2, 2019 Asda will give employees an extra week to sign new employment contracts before dismissing them with the original deadline set for today. The supermarket said workers who had yet to sign the new so-called Contract 6 would be given a seven-day “cooling-off period” to change their mind before losing their jobs. Read more: Asda rejects [...]
Tesco unveils new Clubcard Plus subscription scheme October 29, 2019 Tesco has announced its new £96 per year subscription loyalty scheme is set to launch next week. The supermarket said Clubcard Plus, which offers customers 10 per cent off two shops worth up to £200 each per month, could save shoppers more than £400 a year. Read more: Analysts react to Tesco chief executive Dave [...]
Supermarket chain Iceland takes a hit as insurers freeze out suppliers October 20, 2019 Suppliers to supermarket chain Iceland are said to have had their insurance cover cut amid concerns about the impact of Brexit on the company’s supply chain. Paris-based insurer Euler Hermes reduced the credit cover it provides to Iceland’s suppliers over the summer, while rival Atradius is also mulling a possible cut, the Sunday Times reported. [...]
Lidl invests £15bn in British suppliers October 16, 2019 Lidl has announced a £15bn investment in its UK suppliers as it pledged to sell more British meat and fresh food. The German discount supermarket announced the five-year investment today as it marked 25 years operating in the UK. Read more: Lidl’s suppliers warned of EU tariff import costs As part of the announcement, the [...]
Sainsbury’s beats rivals to report sales growth October 15, 2019 Sainsbury’s beat its rivals to become the only major UK supermarket to report sales growth in the last 12 weeks. The grocer’s sales increased 0.6 per cent, its fastest rate since October last year, while the other “Big Four” supermarkets- Tesco, Asda and Morrisons – saw sales decline 0.2 per cent, 0.9 per cent and [...]
Tesco CEO: Analysts react to Dave Lewis’ shock departure October 2, 2019 Tesco chief executive Dave Lewis this morning made the shock announcement that he is preparing to step down, saying the supermarket giant’s turnaround is complete. Lewis cited personal reasons for his decision and declared that five to six years is an appropriate tenure for a chief executive. Read more: Tesco CEO Dave Lewis quits Boots [...]
Tesco CEO Dave Lewis quits as supermarket declares turnaround ‘is complete’ October 2, 2019 Tesco chief executive Dave Lewis is stepping down from the Big Four supermarket, it revealed today as it declared its turnaround is complete. The CEO will leave the business next summer after chairman John Allan said he had accepted his resignation letter “with regret”. Read more: Tesco sells mortgage arm for £3.8bn Lewis called the [...]
Are UK supermarkets ready for Brexit? September 25, 2019 “One can say very clearly what the direction will be: higher prices, less choice, and poorer quality, because all of those dimensions have been improved by these open trading relationships that we’ve had over the last 40 years […] Brexit, almost in whatever version it is, will introduce friction, it will introduce barriers. That makes [...]