Articles tagged supermarkets

Morrison’s chief executive, Dalton Philips, asked incoming chairman Andy Higginson for more time to turn the supermarket chain around.

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Morrisons posts 6.3% Q3 sales decline

Morrisons has posted a significant decline in sales as the big four struggle to ward off competition from cheaper rivals.

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Aldi's annual revenue soars to £5.27 billion

Aldi's pre-tax profit increased by 65 per cent to £260.89 in the 12 months to December 2013, it has emerged.

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Sainsbury's reports 2.8% sales decline as price war gathers pace

Sainsbury's has reported a decline in sales for a third consecutive quarter as the ill effects of the supermarket price war begin to take hold.

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Grocery prices drop for 16th consecutive month

High street prices have dropped for the 16th consecutive month, with the war between the UK's grocers keeping food inflation down.

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Sainsbury's sell TU clothing range online

UK supermarket Sainsbury’s have started selling their clothes online this weekend, as part of plans to transform their fashion sector into a £1 billion business.

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Sales of essentials growing at slowest rate in five years

Presently UK sales of traditionally fast-moving retail products such as cereals, toiletries and soft drinks are growing at the slowest pace for five years, as families are suffering from lower incomes, and are instead choosing to shop at budget chains such as Lidl and Poundland.

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HMV second in UK entertainment market

HMV are growing their share of CD, DVD and video games sales from 13.6 per cent to 14.7 per cent in the 12 weeks to July 6th, and in doing so have won shoppers from UK supermarkets such as Tesco.

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Sales of organic food to hit €100 million this year

Recent research in Ireland by Bird Bia has shown that the main reasons for going organic are health concerns, fad diets and special occasion.

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Justin King bids farewell to Sainsbury’s

After 10 years as chief executive, Justin King said goodbye to Sainsbury’s yesterday, and reassured customers and shareholders that the company was “in safe hands”.

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