Apr 11, 2018 | News, Retailing
The latest preliminary results from Tesco show positive sales and profit growth as well as strong cash generation. Group sales are up 2.3% to £51.0bn, while UK like-for-like sales are up 2.2% with consistent strength in fresh food (0.4%). Group operating profit before...
Apr 5, 2018 | News, Retailing
Food brand Aunt Bessie’s has recalled one of its products, being sold at discounter store Lidl, because of undeclared egg. The product in question is the Aunt Bessie’s Croquettes, which are described as small potato balls. Aunt Bessie’s is recalling Aunt Bessie’s...
Apr 4, 2018 | News, Retailing
Grocery sales have increased in value by 2.5% compared to this time last year despite adverse weather conditions, according to the latest grocery market share figures from Kantar Worldpanel for the 12 weeks to 25th March 2018. Fraser McKevitt, head of retail and...
Mar 13, 2018 | News, Retailing
Profits at Waitrose took a 32.1% hit, as the retailer decided not to pass on all cost price inflation to customers, along with investments in “customer experience” for the half year ended 29th July. John Lewis Partnership, which Waitrose is part of, revealed that the...
Mar 12, 2018 | News, Retailing
UK shoppers spent £15 million on soup during recent bad weather, according to IRI supermarket sales data. Sales of bacon and bird feed also offered supermarkets a boost. During the week ending 3rd March 2018, consumers spent £15.4 million on soup in supermarkets – the...
Mar 2, 2018 | News, Retailing, Wholesaling
Shareholders have now voted in favour of Tesco’s takeover of Booker, in a deal that was valued at £3.7 billion when it was agreed in January 2017. The deal, which will see Tesco take over the cash-and-carry business that also owns store chain Londis and grocery...
