News that supermarket chain Sainsbury had entered into a £25M joint venture (jv) with Dansk Supermarked to establish 15 Netto stores across the UK was further evidence that the major multiples recognised they needed to do more to address the inexorable...
Discounters such as Aldi and Lidl are set to double their sales in the next five years, accounting for £1 in every £9 spent by 2019, according to grocery think tank IGD.
Early discounter Netto will be returning to Britain next year in a £25M joint venture with Sainsbury, to take on Aldi and Lidl, whose cut price offers have revolutionised the UK grocery market.
Tesco chief executive Philip Clarke is putting a brave face on the troubled retailer’s latest results, which today (June 4) revealed a third consecutive quarter of falling sales.
Britain’s big four supermarkets have been “totally and utterly complacent”, in failing to keep pace with key developments in retailing and are now paying the price, warns a leading City analyst.
UK-based sports nutrition firm Grenade, which sells products through Tesco, is primed for explosive growth following Grovepoint Capital’s multi-million pound acquisition of the business.
Sainsbury has overtaken Asda to become the UK’s second biggest supermarket, as the row with market leader Tesco – over its price comparison policy – continues.
Discount retailer Aldi is the “stand-out performer” in a sluggish market. That’s the verdict of City analyst Shore Capital after the publication of Nielsen market share data for the four weeks to September 14.
Britain’s biggest supermarket Tesco has received planning permission this week for an internet food shopping distribution centre in Oxfordshire that will create up to 750 jobs.
Britain’s biggest retailer Tesco has recovered from “the body blow” inflicted by the horsemeat crisis, while all the big four UK supermarkets were struggling to maintain their presence in “anaemic markets”, said city analyst Shore Capital.
The new Groceries Code Adjudicator, tasked with policing the multiple retailers, has pledged to clean up illegal “kickback” practices, whereby suppliers are forced to use third-party suppliers favoured by the supermarkets, rather than choosing their own.
Morrisons appears to be upping its game after its “very disappointing” third quarter, according to Shore Capital analysts Clive Black and Darren Shirley.
Supermarket promotions look set to be an increasingly contentious subject over the autumn and in the run-up to the busy Christmas grocery trading period.
The UK food industry is entering a new era with power shifting from the retailers to the manufacturers, for the first time in 30 years, according to a leading city analyst.
Suppliers reporting abuses of power under the Groceries Supply Code of Practice (GSCOP) might need “a witness protection programme”, according to business guru Digby Jones.
