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Asda's latest quarterly sales decline hints at improved trading

Tuesday 21 February 2017 - Posted by Elias Jahshan

Asda has recorded another dip in quarterly sales, but the supermarket chain is showing signs that turnaround efforts are beginning to pay off. The Big 4 grocer posted a 2.9 per cent dip in like-for-like sales in its fourth quarter, making it the 10th consecutive quarter of sal...

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Morrisons launches campaign to recruit 200 new UK food suppliers

Friday 17 February 2017 - Posted by Elias Jahshan

Morrisons has started an initiative to recruit more than 200 new UK food suppliers within the next years to cut the reliance on foreign products. The news comes after a report commissioned by the Big 4 grocer found that only 52 per cent of what the UK eats comes from the count...

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Tesco wants to double click-and-collect spots to 8000

Tuesday 14 February 2017 - Posted by Elias Jahshan

The chief executive of Tesco has revealed plans to rapidly expand the grocer’s click-and-collect spots following its acquisition of Booker. Mentioned in a conference call with City analysts after the announcement of the surprise acquisition, Tesco boss Dave Lewis said the prop...

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Wal-Mart steps up clout to save struggling UK arm Asda

Thursday 09 February 2017 - Posted by Elias Jahshan

Wal-Mart is set to leverage its struggling British arm Asda after admitting it was slow to respond to the threat of discount supermarket chains Aldi and Lidl. The US retail behemoth, which is also regarded as the world’s biggest retailer, acquired the British grocery chain in ...

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Price of average grocery basket falls by 3%

Wednesday 08 February 2017 - Posted by Elias Jahshan

The start of the year saw the price of an average basket of grocery items fall by three per cent compared to January 2016. According to grocery price comparison site mySupermarket, shoppers are paying 15 per cent less for apples, 11 per cent less for grapes and nine per cent l...

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Co-op CEO Richard Pennycook resigns after bringing it back from the brink

Tuesday 07 February 2017 - Posted by Elias Jahshan

Co-op chief executive Richard Pennycook is set to depart the mutual, to be replaced with head of food business Steve Murrells. Pennycook joined The Co-operative Group during the peak of its crisis in 2013 and has led the company through its successful rescue and rebuild phases...

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Lidl records best ever festive trading period

Wednesday 11 January 2017 - Posted by Elias Jahshan

Lidl achieved record sales over the Christmas period thanks to customers shelling out on lobster purchases. The German grocery chain said sales went up by 10 per cent in December, making it the retailer’s best Christmas trading period – although not as good as its closest riva...

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Aldi rakes in record sales over Christmas

Monday 09 January 2017 - Posted by Elias Jahshan

Aldi posted record sales over the Christmas period buoyed by shoppers taking advantage of discount luxury products and fruit and vegetables. The German supermarket chain said its total UK sales were more than 15 per cent higher during December compared to the same trading peri...

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Morrisons kicks off 2017 price war with reductions across 800 items

Tuesday 03 January 2017 - Posted by Elias Jahshan

Morrisons has wasted no time since 2017 began by kicking off the latest phase of the supermarket price war with 800 items having their prices slashed. Morrisons is the first of the Big 4 to cut prices, with other retailers expected to follow, in an attempt to attract customers...

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Asda slashes vegetable prices by up to 57%

Monday 19 December 2016 - Posted by Elias Jahshan

Asda has commenced a discounting scheme across a range of its vegetables for the lead-up to Christmas. Starting today, the Big 4 retailer will slash the price of its popular vegetables by up to 57 per cent, charging just 20p for 360g of broccoli, 500g of sprouts and parsnips a...