Popular now
Debenhams Group returns to growth amid PLT recovery

Debenhams Group returns to growth amid PLT recovery

Currys appoints Fredrik Tønnesen as Group CEO

Currys appoints Fredrik Tønnesen as Group CEO

Inditex sales rise 5.8% after strong start to summer trading

Inditex sales rise 5.8% after strong start to summer trading

Grocery sales growth slows in Q1 2021

Grocery sales growth slows in Q1 2021

On this episode of Talking Shop I’m joined by Alain Bejjani—former Group CEO of Middle East retail giant Majid Al Futtaim, and author of the definitive new book, NEXT: Leading Through the New Realities. Drawing on his childhood in war-torn Beirut, and his experience steering a $9.5bn dollar retail and lifestyle empire through a global pandemic, Alain brings an unmatched perspective on leadership under pressure. Today, we break down his crisis survival playbook for retailers operating in distress. We discuss why resilience must always outpace efficiency, the four assets a brand must protect at all costs, and how to turn macro-turmoil into a long-term direction that scales.

Register to get free articles

No spam Unsubscribe anytime

Want unlimited access? View Plans

Already have an account? Sign in

Grocery sales reportedly rose 7.4% during the 12 weeks to 21 March 2021, representing a slowdown in growth as sales are annualised against 2020 spending.

According to research conducted by Kantar, sales across the most recent four weeks marked a 3% year-on-year decline.

The study found that although shopping had slowed when compared to March 2020, with 117 million fewer trips to the supermarket taken in March 2021, it remained above pre-pandemic levels.

As eating out restrictions remain, the average household reportedly spends an additional £134 on take-home groceries when compared to 2019, resulting in a 15.6% sales growth across the 12-weeks to 21 March from 2019 to 2021.

Despite online grocery sales slowing over the past four weeks, they remained 89% higher than in 2020, with Ocado’s revenues surging 33.9%.

As for other individual supermarkets, Tesco’s sales increased by 8.5% when compared to the same period last year, while Morrisons’ revenues grew 8.7%.

Sainsbury’s experienced slower sales growth at 7.3%, while Lidl and Aldi also saw sales growth slow to 2.9% and 1.5%.

Co-op boosted its sales by 7.1% and Waitrose by 5.1%, with Iceland increasing its revenues by 14.3% for the period.

Previous Post
Relaxing of restrictions boosts retail footfall by 6.6%

Relaxing of restrictions boosts retail footfall by 6.6%

Next Post
Watches of Switzerland signs lease for new Trafford Centre store

Watches of Switzerland signs lease for new Trafford Centre store