Supermarkets
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Jan- 2019 -11 January
Tesco and M&S stockpile tinned food in prep for Brexit
Tesco and Marks and Spencer have announced they are stockpiling long-life foods in preparation of a no-deal Brexit. The ‘big four’ grocer’s chief executive Dave Lewis revealed that “sensible” contingency planning was underway and the company had been holding talks with its suppliers about increasing stocks of long-life groceries. However…
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10 January
Tesco reports strong sales over Christmas period
Tesco has beaten City forecasts with a 2.6% increase in like-for-like sales over the six week period ending 5 January. Tesco attributed the growth to its ‘Festive 5’ vegetable offer which proved popular with customers, selling 19.7 million units over the three weeks to Christmas. It also experienced like-for-like sales…
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9 January
Sainsbury’s Q3 sales decline 1.1% due to ‘cautious’ customers
Sainsbury’s has reported a 1.1% decline in like-for-like sales during its third quarter which it has attributed to “cautious customer spending”. During the 15 week period ending 5 January the ‘big four’ grocer experienced a 0.4% increase in grocery sales, however this was offset by a by 2.3% and 0.2%…
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8 January
Morrisons posts fourth consecutive year of Christmas growth
Supermarket giant Morrisons’ group like-for-like sales increased by 3.6% for the nine weeks to 6 January 2019, its fourth consecutive Christmas of growth. The figure comprises contributions from retail of 0.6% and wholesale of 3%, with total sales also up 4% excluding fuel (3.8% including fuel). In a statement Morrisons…
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7 January
Aldi posts ‘record’ Christmas sales
Budget supermarket chain Aldi has has reported sales of almost £1bn for the month of December 2018, 10% higher than the previous year. The group said the week commencing 17 December was Aldi’s “busiest-ever in the UK”, and added that the strong sales performance was driven by a “surge in…
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7 January
Morrisons to launch new vegan range off the back of 6% sales increase
Morrisons has announced a 6% total sales rise excluding fuel for the 13 week period to 4 November. The supermarket chain said sales growth had eased quarter-on-quarter “without the impact of the favourable weather and World Cup”. Like-for-like sales excluding fuel at Morrisons were up by 5.6%, the supermarket said…
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3 January
Co-op to open 100 new stores in 2019
The Co-op has announced it will open 100 new food stores during 2019 as part of a £200m store investment programme. The retailer said the combined £200m store investment programme could lead to around 1,500 new local jobs, and added that in addition to the openings, it will also provide…
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2 January
Iceland facing £21m bill over Christmas savings scheme
Iceland could be hit with a £21m fine as the HMRC has said the supermarket’s Christmas savings scheme meant its workers were being paid less than the minimum wage. The scheme allows workers to set aside a proportion of their weekly wage to be claimed back later, but CEO and…
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Dec- 2018 -14 December
Grocery market growth cools as Christmas nears
Grocery market share figures have cooled in the lead up the Christmas, growing only 2% for the 12 weeks to 2 December 2018, its slowest rate since March 2017. According to the Kantar Worldpanel consumers are benefiting from falling inflation, which now stands at 1.6%, and is less than half…
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13 December
Ocado’s 12% sales increase marks ‘good finish to the year’
Online supermarket Ocado has seen a 12% increase in revenue to £390.7m for the 13 weeks to 2 December in its Q4 financial results. This was compared to a revenue of £348.9m in the same period last year and the group said its growth was in line with its guidance…
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