Tesco has agreed to the £250M sale of 14 land development sites across southern England, in a further sign that the supermarket race for space has come to an end.
Tesco’s plan to tackle its plight is likely to have big implications for the whole of the food industry, according to Shore Capital analyst Clive Black.
Analysts have cautiously welcomed Sainsbury’s trading figures for the first half of its financial year, but claim the supermarket chain has a “mountainous challenge” ahead of it.
Sainsbury’s third consecutive quarter of falling like-for-like sales represents a watershed, not just for the beleaguered retailer but the whole fast-moving UK grocery sector, agreed most City and retail analysts. Here, we capture their verdict, at a...
Sainsbury’s “very poor” second-quarter results will “send shock waves” through the grocery market, warned analysts, as the retailer revealed its third consecutive quarter of falling sales.
Discounters such as Aldi and Lidl are set to double their sales in the next five years, accounting for £1 in every £9 spent by 2019, according to grocery think tank IGD.
Tesco’s latest results – featuring its 6% slump in operating profit – deliver six key pointers about the future direction of the business, including the prospect of sharper price competition, according to financial analyst Morgan Stanley.
