Marks & Spencer has launched a trial of a one-hour-delivery service on selected products as it moves to enhance its food and grocery offering.
A rapid expansion programme has led to an adverse impact on profits at Aldi for the third consecutive year, despite another rise in sales and market share. In its full year to December 31, 2016, the German retailer’s operating profit dropped 17 per cent to £211.3 million, while gross profit slipped seven per sent to £324.5 million.
A rapid expansion programme has led to an adverse impact on profits at Aldi for the third consecutive year, despite another rise in sales and market share.
Co-op has seen underlying pre-tax profits divebomb by nearly 50 per cent in its first half as it diverted funds to its members reward scheme. In the 26 weeks until July 1, group underlying pre-tax profits dropped 48 per cent to £14 million, while group operating profits also declined 29 per cent to £51 million
Tesco has announced a major initiative to ramp up its sustainability operations, pledging to reduce food waste by 50 per cent by 2030.
Ocado’s sales continued to rise in the third quarter, with the online grocer recording a 14.3 per cent jump in total revenue. In the 13 weeks to August 27, the retailer raked in £344.5 million in total revenue, while its retail revenue was up 13.1 per cent to £312.7 million. In addition, it grew its average orders per week by 16 per cent to 254,000.
Morrisons has solidified its revival efforts posting growth in revenue and profits for the “first time in the turnaround”.
Tesco has deducted millions of pounds in administration fees from funds raised from the plastic bag tax, an initiative that the government stated should go towards charitable causes. According to the Guardian Tesco topped the list of plastic bag sales following the introduction of the tax in 2015, but is the only supermarket to have deducted any money. The UK’s largest grocer deducted £3.4 million from the funds, equivalent to over 10 per cent of the total £31.9 million raised from selling 637 carrier bags.
“The Whole Foods acquisition gave them 460 excellent storefronts and a severe advancement in their grocery effort,” Tom Forte says.
Asda allegedly used “aggressive tactics” to demand suppliers to pay significant sums of money or face being de-listed, a new report has revealed. The Groceries Code Adjudicator (GCA) investigation by adjudicator Christine Tacon led to “Project Renewal”, which was implemented by Asda in early 2016 and featured demands for price reductions with suppliers.