Poundland is “a retail winner”, judged a leading City analyst, after the discount chain posted soaring pre-tax profit growth of 34% to £12.6M in first half results.
Sainsbury’s falling profits and sales – revealed in first-half results for its 2015 financial year – show the pressure exerted by hard discounters Aldi and Lidl, according to retail and city analysts.
Food and drink firms could lose millions of pounds in online grocery sales in the run up to Christmas, if their products do not comply with Food Information for Consumers (FIR) regulations for distance selling.
Sainsbury will open the first six stores in its joint venture with Netto on November 6, but the supermarket chain’s proposition needs serious thought, according to a leading food analyst.
Morrisons’ trading remains a worry, as the retailer enters a critical quarter in a currently “un-investable” British retail sector, warns City analyst Shore Capital, ahead of the firm’s third-quarter results to be posted this week.
C-stores and online retailers offer Premier Foods considerable growth potential and the maker of Mr Kipling cakes is working on bespoke products for those channels, according to ceo Gavin Darby.
Tesco chairman Sir Richard Broadbent is to quit the business, as the troubled retailer admitted overstating first half profits by £263M and posted pre-tax profits more than 90% down.
Three national supermarkets faced adverse financial actions in the past quarter as food retailers showed the sharpest increase in ‘significant’ financial distress of all sectors monitored by Begbies Traynor.
Supermarkets must work on lowering prices instead of relying on promotions, if they are to boost their declining sales, delegates at IGD’s annual Convention were told yesterday (October 7).
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.
Morrisons’ interim results: past year’s challenges
After Morrisons revealed a 30% drop in first-half profits today (September 11), we look back at the challenges and some of the successes faced by the business in the past year.
Food and drink suppliers should use insights from the success of hard discounters Aldi, Lidl and Poundland to boost their own retail prospects, a category management specialist has claimed.
Consumer food sales took a hit at Kerry Group from the fragmenting retail market, despite UK brands holding up well, and overall sales growth, the firm said in its interim management report.
Non-leak packaging may be key to cutting transmission of the food poisoning bug campylobacter found on fresh shop-bought chickens, according to the latest Food Standards Agency (FSA) figures.
Grocery sales in May and June were the “worst ever” seen, as the market reeled in an aftershock of the recession, according to one longstanding industry analyst.
Suppliers remain unconvinced that the Groceries Code Adjudicator (GCA) Christine Tacon is doing enough to stop the big supermarkets abusing their power.
Asda’s 1,360 redundancies will help it adapt to the intense changes faced by UK retailers, ceo Andy Clarke claims, and follows a similar announcement made by Morrisons last month to cut 2,600 jobs.
Greggs’s strategy is paying off, according to Sahill Shan, analyst at N+1 Singer, as the food-to-go chain disclosed strong half-year (H1) figures, ahead of interim results next month.
Waitrose boss Mark Price hit back at critics of traditional ‘bricks and mortar’ retailing at the Consumer Goods Forum's Global Summit in Paris yesterday (June 19), while claiming retailers should evolve.
Tesco chief executive Philip Clarke is putting a brave face on the troubled retailer’s latest results, which today (June 4) revealed a third consecutive quarter of falling sales.
How will your company fare in 2014 in areas such as filling skills gaps, handling rising costs and profit growth? Now’s your chance to have your say and find out what your peers think.
Morrisons has reported first quarter like-for-like sales down by 7.1% for the 13 weeks to May 4, after what City analyst Shore Capital described as “dire trading”.
Turmoil in the British retail market is due more to the complacency of the big four major supermarkets than the popularity of the hard discount stores Aldi and Lidl, according to a leading City analyst.
The Co-operative Food business has leased 54 pub sites from the Marston’s public house portfolio, owned by NewRiver Retail, as part of its plan to open 150 food stores a year across the UK.
Distribution partnerships where retailers and food manufacturers share truck space with competitors will become a growing trend, predicts Roly Taplin, vice president of agrifood at DHL Supply Chain.
Morrisons’ £176M loss for the year to February 2 - the latest in a series of lacklustre financial reports from the UK’s major supermarkets - has focused attention on Britain’s changing retail landscape.
The prospect of a supermarket price war – leading to lower supplier prices – makes it even more important to boost food and drink supply chain efficiencies, according to the European Food and Farming Partnerships (EFFP).
Food retailer Iceland is expected later this year to start sharing spare capacity on its trucks with another independent retailer. The move follows the success of a similar ‘backhauling’ arrangement between BP Retail and Nisa and their suppliers facilitated...
Online grocery business Ocado “doesn’t work” when measured by its ability to deliver earnings, City analyst Shore Capital has concluded, after the business delivered its interim business statement for the 12 weeks to February 23.
Morrisons has received a “red alert” from leading City analyst Shore Capital, ahead of its full-year results to the end of January 2014, to be posted tomorrow (March 13).
Strong UK convenience store sales and surging US growth have helped chilled food manufacturer Greencore achieve revenue of £320.5M for the 13 weeks to December 27 2013, up by 7.2% on the previous year.
Supermarkets’ Christmas sales were hit by a triple whammy – leading to the lowest sales growth for at least seven years – while discounters Lidl and Aldi boosted their takings, according to market research company Nielsen.
Leading retailers Tesco, Morrisons and Marks & Spencer (M&S) have all reported sliding sales over the Christmas period, with one retailer accused of delivering “a quite awful trading update”.
Britain’s biggest retailer Tesco has delivered “poor” third quarter results – with like-for-like sales down 1.5% – 18 months after launching its £1bn turnaround plan, according to City analyst Shore Capital.
Tesco has denied putting its suppliers under unfair pressure, after retail analyst Cantor Fitzgerald accused the retail giant of practices that risked breaching the Groceries Supply Code of Practice.
The changing face of retail is forcing food and drink manufacturers to reconsider their packaging options, according to the Faraday Centre for Retail Excellence.
Smartphones are revolutionising the way consumers shop and both retailers and their food and drink suppliers need to recognise this if they are to take advantage of it, new research being released today (Monday October 7) is expected to reveal.
