The so-called Big Four supermarkets have slumped to the bottom of an annual ranking after disappointing customers with the quality of their food and ability to keep up with online rivals.
Convenience store retailer McColl’s has reported a sharp drop in profits, blaming the collapse of groceries wholesaler Palmer & Harvey in a “challenging” year for the group.
Asda, Morrisons, Tesco and Sainsbury’s have announced that they are to cut the price of petrol and diesel fuel, after motoring groups criticised forecourts for not responding to the drop in oil prices.
Retailers rose to the top of the FTSE 100 on Thursday following a decent showing from high street chain Next, but it wasn’t enough to lift London’s top flight out of the red.
Budget supermarket chains Aldi and Lidl are set to outperform their larger peers this Christmas as the battle for festive shoppers reaches its climax this weekend.
Budget supermarket chains Aldi and Lidl are set to outperform their larger peers this Christmas as the battle for festive shoppers reaches its climax this weekend.
Shares in McColl’s nosedived on Monday after the convenience store operator issued a profits warning linked to the collapse of wholesaler Palmer & Harvey.