Retail

Lidl targets 1,000 stores by 2023

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Accelerated expansion plans could see German discounter eat further into Big Four’s market share Lidl plans to accelerate its UK store openings and take its total to 1,000 by 2023, The Sunday Times has reported. This is the latest bold plan from the retailer, which […]

Retail

Sainsbury’s hit by store closure costs

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Profits at Sainsbury’s have been almost wiped out for the first half of the year after being hit by costs relating to store closures. In September, Sainsbury’s said it would shut a number of stores, including many Argos outlets as it moves the brand into […]

Retail

‘Stark choice’ for UK on food imports

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Government must choose between protecting consumers or farmers in event of no-deal Brexit, says former Waitrose boss ‘Stark choice’ for UK on food imports A former managing director of upmarket British supermarket chain Waitrose has told BBC Radio 4’s Today programme that a no-deal Brexit […]

Retail

Tesco faces Brexit deadline headache

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Planning for the new Brexit deadline is “more difficult” because the supply network will be full of Christmas stock, Tesco’s boss has warned. Dave Lewis told the BBC that the new deadline of the end of October meant there would be “less capacity” for stockpiling […]

Retail

Tesco sales growth slows in ‘subdued’ UK market

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Tesco said sales growth in its core UK business slowed in the first quarter, but that it had outperformed a “subdued” grocery market. The grocer, which is nearing the end of a four year turnround programme under chief executive Dave Lewis, said on Thursday that […]

Retail

British political uncertainty hits Morrisons quarterly sales

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LONDON (Reuters) – Morrisons, Britain’s fourth-biggest supermarket group, said political and economic uncertainty had weighed on its first-quarter growth and warned that it faced a tough comparative over the next three months. The group, which trails market leader Tesco (LON:TSCO),Sainsbury’s and Walmart’s Asda in annual […]