Inflation the main reason for profit warnings, but why is retail likely to struggle more than most
Asda, Tesco, Sainsbury’s and Marks and Spencer are just a few to bolster their discounted or value for money ranges
Company
Aldi
PRIVATE:ALDI
Aldi is a German-based discount grocer with more than 10,000 stores in 18 countries. The chain was founded in 1946 by brothers Karl and Theo Albrecht and launched in the UK in 1990.
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Supermarket shoppers head for discounters Aldi and Lidl as price inflation hits decade high
Total grocery sales fell 6.3% in the 12 weeks to 20 March
Aldi cheapest supermarket in 2021 as rising food prices squeeze households
Major supermarket prices climbed by an average of 3.4% last year as UK inflation soared to its highest level for nearly 30 years today
Builders and building materials
Marks & Spencer and Tesco set to continue strong Christmas trend
Xmas trading should have been good to judge from results from peers
Aldi reports “best ever” Christmas
The discount supermarket said December sales were 0.4% higher than in 2020 and up by 8.1% on pre-pandemic 2019
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Hardware & electrical equipment
M&S sues Aldi again – this time over gin bottle design
Earlier this year, M&S went head to head with Aldi over cake in a battle dubbed “Caterpillargate”
Shortages and inflation will cost UK families £1,800 this year says think tank
The prediction coincided with gas prices in the UK hitting record levels yesterday
Budget grocer Aldi to invest £1.3bn as it renews its attack on big UK supermarkets
The company said it will open 100 stores and create 2,000 new jobs next year
Supermarkets to see fewer ‘big shops’ as people return to offices, cook less at home
Experts reckon the shift to pre-pandemic habits will be gradual
Mere to launch first Russian-style discount store next month
Customers can expect no service with each store having a maximum of eight staff.
Aldi tops Christmas sales record as customers treat themselves with premium products
Christmas trading was boosted by strong demand for Aldi’s alcoholic drinks and the 'Specially Selected' range
Petrol station entrepreneurs favourites to acquire Asda
EG and private equity partner TDR are said to have tabled a bid worth around £6.5bn for the Walmart-owned chain
Aldi to create 4,000 new jobs by 2021 with £1.3bn investment
The plan includes the opening of 100 new sites in line with the grocer's long-term target of 1,200 stores by 2025
Tesco prospects positive despite first half profit miss
Tesco is in good shape to go into battle with discount retailers and a merged Sainsbury's-Asda
Tesco set to deliver 11th consecutive quarter of UK sales growth
Tesco is expected to notch its 11th straight quarter of UK like-for-like sales growth and deliver underlying earnings (EBIT) of around £983mln, according to UBS analysts