Sainsbury’s will soon stop selling physical CDs, DVDs and books through its website as customers increasingly opt to download and stream entertainment directly to their phones, tablets and computers.
German discount retailers, Aldi and Lidl, are launching their biggest assault yet on the ‘big four’ supermarkets after recording a bumper Christmas quarter. The pair are thought to have increased their combined sales by around 20 per cent in the festive quarter, according to industry sources.
Asda has invested £50 million in price reductions as part of its January ‘value’ campaign. Staple products such as bread, meat and toiletries are set for reductions along with branded products such as Kingsmill bread and Heinz soup, which will be reduced to just 50p. The Wal-Mart-owned supermarket giant said the £50 million price reductions are part of a £200 million investment in pricing this year.
Tesco’s application to buy a 50 per cent stake in TataGroup’s Trent Hypermarket has been formally approved by India’s foreign investment regulator, meaning that the supermarket group can now officially announce itself to Asia’s third largest economy. The investment plan is thought be worth around USD 110 million (GBP 67 million).
An organic food company owned by Prince Charles’ foundation,Duchy Originals, has managed to generate sales in the midst of a general slowdown in consumer spending.
The managing director of Waitrose has attacked “meaningless” supermarket loyalty cards by insisting that customers prefer immediate rewards. Mark Price, who has hailed the success of the myWaitrose card which offers customers a free cup of coffee or tea, said that the fact that Waitrose is now the second largest provider of coffee in the UK is proof that the card is a success.
Asda’s latest Income Tracker has revealed how family spending power has increased by £2 a week year-on-year in November. The Wal-Mart-owned supermarket firm found that the average UK family had £160 of discretionary income available in November, up £2 a week from November 2012 and the highest since July 2012.
Back in September Tesco made its first foray into the tablet computer market when it launched its £119 Hudl device. 300,000 sales later and Tesco is planning to bring out its second-generation device by 2014. “The new version will be an enhanced version,” said Tesco’s chief executive, Phillip Clarke.
Discount food grocer, Aldi, greeted around 90 exuberant shoppers at 8am this morning for the opening of its new 935-sqm store at the Meteor Centre in Derby. Each customer – some of whom had queued since 1am – was awarded with a golden envelope which contained prizes, including a personal computer, 23” HD Ready TV, CD players and Aldi goody bags.
Could Christmas Eve panic buys become a thing of past? According to a new study, Britons are increasingly turning towards e-commerce for their Christmas shopping this year, with £1 in every £3 being spent online this December. A study by the British Retail Consortium found that almost £1 in every £5 is spent through computers, tablets and smartphones, making Britain the most tech-savvy nation when it comes to online retail.
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