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Aldi posts all-time record share of grocery market Tuesday, 21st May 2013
The latest figures from Kantar Worldpanel show an ongoing polarisation of the grocery market, as both Aldi and Waitrose continue to make gains on rivals. Value retailer Aldi posted an all-time record share of 3.5 per cent in the 12 weeks to 12 May 2013, up from 2.8 per cent of the market last year.
Parliament demands supermarkets explain confusing pricing policy Tuesday, 21st May 2013
Representatives of the UK’s leading supermarkets are being summoned to parliament on Tuesday, to explain confusing and misleading “unit prices” on food and drink products. Consumer affairs minister, Jo Swinson, will meet representatives at the Department of Business to discuss inconsistencies in their promotional items, which in some cases mislead and confuse customers into buying products that do not represent value for money.
Asda report first quartely profits Thursday, 16th May 2013
Price reductions and online offerings have boosted Asda’s underlying sales by 1.3 per cent in the first quarter, Reuters reports. The supermarket chain, which is owned by American retail giants Wal-Mart, said on Thursday that excluding fuel and VAT, sales at shops open over a year have seen a 1.3 per cent rise in the 14 weeks to April 12.
Ocado's shares fall 8 per cent amid potential contract dispute with Waitrose Monday, 13th May 2013
Ocado, the grocery delivery service, saw its shares drop 8 per cent amid a potential breach of contract with main clients Waitrose, The Guardian reported Monday. Waitrose lawyers remain concerned about Ocado’s proposed deal to set Morrisons up with their own online delivery service, fearing a conflict of interests.
Morrisons shares fall as sales continue to struggle Thursday, 9th May 2013
The UK’s fourth biggest grocer, Morrisons, crashed in the stock market today as it continues to fall behind its competitors. The 1.8 per cent slump was an improvement from its 4.1 per cent performance in the last quarter, however, shares fell 8.2p to 288.2p, making them the worst performers in the FTSE 100 index.
Morrisons rumoured to be considering £1bn Ocado offer Wednesday, 24th April 2013
Rumours emerge that Morrisons could be considering a full-scale offer for online retailer Ocado, in a deal that could be worth £1 billion. Morrisons has come under pressure in recent months as rival supermarkets continue to expand their online presence. Industry data on Tuesday from Kantar Worldpanel found Morrisons to have achieved a 0.3 per cent rise in sales in the 12 weeks to mid-April, in contrast with Sainsbury’s 5.4 per cent rise and Asda with 3.0 per cent.
Morrisons cuts nearly 700 jobs Wednesday, 10th April 2013
The introduction of new cash-counting machines will see Morrisons cut the jobs of 689 back office staff. As the UK’s fourth largest supermarket looks to reduce costs in its operations, the retailer is said to be replacing its cash office managers and supervisors with cash-counting machines that will be installed in stores.
Sainsbury's market share increases 6.2 per cent, while Tesco's falls Tuesday, 26th March 2013
Kantar World Panel has published its latest grocery market share report. The report covers the 12 weeks leading to 17th March 2013 and reveals that Sainsbury’s achieved a significant increase in its share of the market, while rivals Tesco and Morrisons saw theirs decrease. Sainsbury’s was undisputedly the retailer with the greatest increase among the “big four” of Tesco, Asda, Morrisons and Sainsbury’s.