Sunday papers round-up

Sunday papers round-up
Goldman Sachs analysts have warned M&S could come under pressure from a supermarket price war

By Michael Somerville - 10:13AM - Mon 7th April 2014

Supermarkets are being urged to ditch buy-one-get-one–free deals after a House of Lords EU Committee report concluded retailers were shifting the blame on to consumers by tempting them in with BOGOF offers. In response to the report, the British Retail Consortium said it was worth remembering all major retailers are working to challenging government targets to cut food waste. “Cutting food waste is a key sustainability issue but we need to focus on evidence based policy rather than being distracted by perception,” it said.

Marks and Spencer is expected to post a further one per cent fall in general merchandise sales while food sales will rise 0.1 per cent this week. Steve Rowe, executive director for food at M&S recently told The Telegraph that the UK grocery market is undergoing a “fairly seismic” change following commitments from Morrisons, Tesco and Asda to lower the product prices.

Aldi is now among the highest spending grocers for advertising, according to a report from The Grocer. It spent £53m in 2013, a year-on-year increase of 43 per cent, as it grew market share to a record 4.3 per cent. Tesco spent the most at £92m while Marks and Spencer reduced spend by 24 per cent to £39.8m.

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