UK consumers spent record £12.8B in December, but sales volume dropped
Total grocery sales in the UK jumped more than 7.5% in the run-up to Christmas, according to new data released by Kantar, helped by a slight dip in price inflation. However, the data insight and consultancy points out that while sales did reach a record £12.8 billion, volumes were down by 1% year over year. […]
Tesco begins process to replace outgoing chairman John Allan
British retailer Tesco recently shared that it is preparing to find a replacement for John Allan, who is set to step down as chairman in 2024, Sky News reports. The role is one of the FTSE-100’s most prestigious boardroom posts, according to the outlet. As per UK corporate governance rules, Allan will be ‘timed out’ in just […]
To reduce food waste, Tesco pitches produce exchange program to suppliers
Tesco is giving more than 3,500 suppliers the chance to alleviate costs and expand environmentally friendly practices by taking part in a new scheme where they can sell or transfer unwanted products to other suppliers. The unique trade system called Tesco Exchange will be a digital “marketplace” where suppliers with too much stock – “crops, […]
Tesco partners with FareShare, Trussell Trust on ‘unprecedented’ food collection this winter
Tesco is one of a number of supermarket chains across the UK preparing for the winter rush of shoppers while also trying to ensure that those in need are helping during the festive period. Tesco announced it is launching its annual Food Collection drive from December 1 to 3 to assist charities Trussell Trust and […]
Aldi, Lidl promoting massive surges in hires for festive season
Discount retailers Aldi and Lidl both announced huge hiring initiatives in the past week which include many permanent positions as the Christmas season approaches. Aldi is seeking around 3,000 workers, two-thirds of whom will be needed in stores as they ramp up for what they say will be its “biggest ever” festive period in December. […]
Aldi’s move into Big Four shows power of discounting, inflation
Although Aldi’s rise into the Big Four of UK supermarkets ahead of Morrisons was not a surprise given its surge in the past two years, it nonetheless showed the power of discount chains in a budget-crunched sector for consumers. With inflation soaring to 12.4%, Aldi pulled down a 9.3% share to leap ahead of Morrisons […]
Shopping at Aldi is still the least expensive in the UK and £25 cheaper than this retailer
How much less expensive is a shop at discounters Aldi and Lidl than their retail rivals in the UK grocery market? A lot. According to another round of data from Which?, the two led the way again on the cheapest shop amongst all supermarket chains in the UK, which the average shop costing £74.23 and […]
Tesco’s sales fall 1.5% as inflation impacts consumer behaviour
Spending might be rising in Tesco’s smaller stores, but it is down slightly in supermarkets and more significantly online in signs that inflation is taking its toll on weary UK consumers. Overall, Tesco reported that sales overall fell by 1.5% in the first quarter of 2022 with the consumer pinch growing as they seek out […]
