Tesco has agreed to sell its business in Poland as it continues to scale back its international operations. The UK supermarket giant is selling its 301-store Polish business to Danish retail group Salling Group for £181m. It said the sale would allow it to focus […]
LONDON (Reuters) – UK grocery sales grew at the fastest rate since comparable records began in 1994 as Britons adapted their behaviour in the national lockdown, industry data showed on Wednesday. Market researcher Kantar said total UK grocery sales rose 14.3% to 31.4 billion pounds […]
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 […]
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 […]
Aldi, the discount food supermarket, said it plans to more than double the number of stores in the London area to 100 after smaller-format shops proved more successful than expected. It said its market share within London’s M25 orbital motorway was 3.4 per cent […]
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 […]
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 […]
J Sainsbury said same-store sales fell 1.6 per cent excluding fuel in the first quarter of its financial year, hurt by a decline in general merchandise and clothing, and cautioned that the market continued to be “uncertain and highly promotional”. General merchandise sales were […]
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 […]