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Top related persons:
James Davey - 2 Peter Nicholls - 1 Spencer - 1 Suella Braverman - 1 “ - 1 Helen Dickinson - 1 John Lewis - 1 Alison Williams - 1
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Britain Weybridge Manchester Streatham London British Germany's Southern U.S
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Aldi - 3 REUTERS - 2 Tesco - 2 Thomson - 2 Industry - 1 British Retail Consortium - 1 Conservative - 1 John - 1

Search resuls for: "discounter Aldi"


10 mentions found


☆ UK retailers demand government action on rising crime
  + stars: | 2023-09-30 | by ( ) www.reuters.com   time to read: +2 min
REUTERS/Peter Nicholls/File Photo Acquire Licensing RightsLONDON, Oct 1 (Reuters) - Some 88 UK retail leaders, including the bosses of Tesco (TSCO.L), Sainsbury's (SBRY.L) and Marks & Spencer (MKS.L), have signed a letter to interior minister Suella Braverman, demanding action over rising rates of retail crime. Rising crime is increasingly becoming a political issue in Britain ahead of an expected national election in 2024. It also put the scale of retail theft at 953 million pounds ($1.2 billion), despite over 700 million pounds in crime prevention spending by retailers. This would require police forces to record all incidents of retail crime. The industry also wants greater prioritisation of retail crime by police forces across the UK.
Persons: Peter Nicholls, Spencer, Suella Braverman, “, Helen Dickinson, John Lewis, James Davey, Alison Williams Organizations: REUTERS, Tesco, Industry, British Retail Consortium, Conservative, John, John Lewis Partnership, Waitrose, Aldi, Thomson Locations: Weybridge, Britain, Manchester
☆ Price-conscious Britons boost Lidl GB revenues by 19%
  + stars: | 2023-09-14 | by ( ) www.reuters.com   time to read: +1 min
[1/2] People queue outside Lidl supermarket in Streatham, as the spread of the coronavirus disease (COVID-19) continues, London, Britain, March 29, 2020. Lidl GB and rival discounter Aldi UK are Britain's fastest growing grocers, according to market researcher Kantar. For the 12 months to Feb. 28, 2023, Lidl GB said it welcomed an additional 1.5 million customers, driving revenues up to 9.3 billion pounds, but the company, part of Germany's Schwarz retail group, posted a pre-tax loss of 76 million pounds ($94.97 million). Lidl GB, Britain's sixth largest supermarket with a market share of 7.6%, has in the past said it is relaxed about its relatively low profitability because of its long-term outlook. It said in a statement it had the full support of its parent company, adding it has invested 533 million pounds in Britain in the year and opened over 50 new stores.
Persons: Hannah McKay, discounter, Kantar, Germany's Schwarz, Sarah Young, James Davey, Elizabeth Piper Organizations: REUTERS, discounter Aldi, Tesco, Lidl, Thomson Locations: Streatham, London, Britain, British, Germany's
☆ Aldi is getting bigger. Here's why the no-frills German grocer is looking to the Southern U.S. for growth
  + stars: | 2023-08-19 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com   time to read: +3 min
No-frills discounter Aldi is the latest grocer to shake up the industry with big moves. It's also had to race to keep up with competitors' online options, prompting Aldi to expand curbside pickup to more stores. But the deal has big implications for publicly traded competitors including Walmart and Kroger, as well as regional grocers. CNBC spoke to Jason Hart, the CEO of Aldi U.S., about why the company is doing the deal and how it sees Aldi fitting into a fast-changing grocery landscape. Why was Aldi interested in acquiring Winn-Dixie and Harveys Supermarket?
Persons: Kroger, Joe's, It's, Jason Hart, we've Organizations: Winn, Dixie, Southern, Aldi, Albertsons, Companies, Amazon, Walmart, Kroger, CNBC Locations: Southern U.S, Florida , Alabama, Georgia, Louisiana, Mississippi, Germany, Winn
☆ Fact Check-Article on Aldi horsemeat scandal is about a decade-old incident
  + stars: | 2023-07-26 | by ( Reuters Fact Check | ) www.reuters.com   time to read: +1 min
An article reporting as if new a decade-old supermarket scandal involving horse meat and German-owned discounter Aldi is confusing people online. “Aldi was guily (sic) ten years ago of selling horse meat in place of their advertised beef. A spokesperson for the supermarket group told Reuters that the social media posts and Newsbreak article were likely based on the 2013 incident. Search engine results produced no other news articles about a 2023 horse meat scandal involving Aldi (archive.md/m2m7X). Aldi has not confirmed that its products are subject to a new horse meat scandal.
Persons: Aldi, ”, Newsbreak, Read Organizations: Aldi, Facebook, Reuters Locations: U.S
☆ Britain's Morrisons puts faith in better pricing to win back customers
  + stars: | 2023-01-26 | by ( James Davey | ) www.reuters.com   time to read: +2 min
Morrisons, owned since 2021 by U.S. private equity firm Clayton, Dubilier & Rice, was overtaken as Britain's fourth-largest grocer by market share by German-owned discounter Aldi last September, according to researcher Kantar. Monthly industry data has consistently shown the group underperforming rivals including market leader Tesco (TSCO.L) and No. Sales in the three weeks before Christmas were up 2.5% year on year, said Morrisons, which has a UK grocery market share of 9.1%. In the financial year to end-October, Morrisons reported a 15% drop in core earnings (EBITDA) to 828 million pounds ($1.03 billion) while underlying sales fell 4.2%. Analysts had suggested that Morrisons' debt burden following CD&R's 7 billion pound purchase has impacted its ability to maintain price competitiveness.
☆ Norway's Reitan Retail buys 114 Danish stores from Germany's Aldi
  + stars: | 2022-12-09 | by ( ) www.reuters.com   time to read: +1 min
OSLO, Dec 9 (Reuters) - Norway's Reitan Retail said on Friday it had agreed to buy 114 Danish grocery stores and three distribution centres from German rival Aldi for an undisclosed amount, boosting the Norwegian group's chain of Rema 1000 discount stores. "This will significantly lift our Danish revenue and should make Rema 1000 the largest chain of grocery stores in Denmark," Reitan Retail Chief Executive Ole Robert Reitan told Reuters. Before the transaction, Rema 1000 had around 330 grocery stores in Denmark. German discounter Aldi said in a statement the sale was part of a full exit from the Danish market, where it has a total of 188 stores. Reitan Retail, which has some 42,000 employees across seven countries, earlier this year reported an operating profit (EBIT) of 3.8 billion Norwegian crowns ($381 million) for 2021, down from 4.4 billion in 2020.
☆ Britain's Boots to recruit 10,000 workers for Christmas period
  + stars: | 2022-10-23 | by ( ) www.reuters.com   time to read: +1 min
LONDON, Oct 24 (Reuters) - British health and beauty retailer Boots said on Monday it planned to recruit more than 10,000 temporary workers, as competition for staff for the Christmas trading period heats up. Register now for FREE unlimited access to Reuters.com RegisterThe British arm of German discounter Aldi said this month it aimed to recruit 3,000 workers before the festive period. John Lewis said in August it would recruit 10,000 Christmas staff for its department stores, Waitrose supermarkets and online operations. Boots is offering staff 45% off own brand products, while John Lewis is offering free meals. Register now for FREE unlimited access to Reuters.com RegisterReporting by James Davey; Editing by Edmund BlairOur Standards: The Thomson Reuters Trust Principles.
☆ Analysis: World Cup could be nightmare before Christmas for Britain's supermarkets
  + stars: | 2022-10-19 | by ( James Davey | ) www.reuters.com   time to read: +6 min
Retail executives say the World Cup, moved to the winter to avoid the intense Qatari summer temperatures, has totally thrown the algorithms they increasingly use to predict trading and plan their logistics. "It's also an executional headache, because right when you want to have everything Christmas out, you've got to somehow reflect slabs of booze and snacking for the World Cup," he said. During the last World Cup in July 2018, which coincided with a prolonged period of hot weather, shoppers visited UK supermarkets an extra 13 million times, according to market researcher Kantar. Of course, customers visiting stores to buy festive goods could buy in World Cup supplies at the same time. "It's not going to be as big as the summer World Cup, that is clear," said Fraser McKevitt, head of retail and consumer insight at Kantar.
☆ Aldi UK's trading accelerates as shoppers seek savings
  + stars: | 2022-09-26 | by ( James Davey | ) www.reuters.com   time to read: +2 min
Register now for FREE unlimited access to Reuters.com RegisterAn Aldi superstore is seen in London, Britain, September 29, 2018. Privately owned Aldi (ALDIEI.UL), which earlier this month overtook Morrisons to become Britain's fourth-biggest supermarket group, said operating profit fell to 60.2 million pounds ($63.8 million) in 2021 from 287.7 million pounds in 2020. The profit fall was blamed on investment to keep prices low, higher staff costs and COVID-19 related expenses. read moreHurley said the cost of living crisis is a time "when Aldi comes into its own". ($1 = 0.9433 pounds)Register now for FREE unlimited access to Reuters.com RegisterReporting by James Davey; Editing by Jason Neely and Muralikumar AnantharamanOur Standards: The Thomson Reuters Trust Principles.
☆ Aldi UK says trading strong after 2021 profit fall
  + stars: | 2022-09-26 | by ( ) www.reuters.com   time to read: +1 min
Register now for FREE unlimited access to Reuters.com RegisterAn Aldi superstore is seen in London, Britain, September 29, 2018. REUTERS/Peter Nicholls/LONDON, Sept 26 (Reuters) - The British arm of German discounter Aldi reported a 79% fall in 2021 operating profit but said trading had accelerated quickly in the past six months as pandemic restrictions were lifted and rising living costs affected shopping habits. Aldi (ALDIEI.UL), which earlier this month overtook Morrisons to become Britain's fourth-biggest supermarket group, said operating profit was 60.2 million pounds ($63.8 million) in 2021, down from 287.7 million pounds in 2020. The profit fall was blamed on investment in prices, staff and COVID-19 related expenses. read more($1 = 0.9433 pounds)Register now for FREE unlimited access to Reuters.com RegisterReporting by James Davey, editing by Louise Heavens and Jason NeelyOur Standards: The Thomson Reuters Trust Principles.
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