Amazon bid for Homebase stores
SUPR view: * Nice demonstration of the value of such sites for last mile distribution * Further foray by amazon in to physical bricks and mortar Read more
Sector News
Merger may force J Sainsbury and Asda to sell up to 300 stores
SUPR View: * Headline a bit of sensationalist journalism, article goes on to explain that 300 is a max rather than an expected number * CMA have yet to open a formal investigation * Central case in article is for 28 – 54 store disposals (data from UBS) * Number goes to 132 – 161 … Read more
Latest Kantar Grocery Market Share data out…
SUPR view: * Supermarket sales strong @ +3.6% (fastest growth this year) * Supermarket visits up 13 million in past month * Burger sales up 47%! * Asda sales strongest in 5yrs @ +3.7% Read more
Tesco’s new format stores to take on discounters head to head
Updated: Jan 7, 2019 The grocer is planning on opening two new style discount stores this year to take on Aldi and Lidl Read more
Ocado posts H1 loss
SUPR View: * £9mm H1 loss pretty negligible in big picture * Tech Platform potential strong; 6 global partnerships with more deals expected in “medium term” * Sales growth strong @ 11.7% vs sector growth @ 2.3% * Cash position strong @ £447m post £324mm equity raise ** But, with a lot of good news is … Read more
Sainsbury’s Q1 trading steady but lacks growth
* Total sales up 0.8% * Grocery up 0.5% * 37 more Argos opened in Sainsbury’s store (takes total to 228) SUPR View: * Consistent and steady numbers from Sainsbury’s but a noticeable lack of growth compared to sector * Demonstrates need to acquire/merge to grow * Financing package for Asda now in place (we … Read more
Knight Frank say ‘Foodstores on the rebound’
* UK grocers to benefit from positive shift in consumer demand * Superstores retain their position as the most profitable channel Read more
Tesco to form ‘Strategic Alliance’ with Carrefour
SUPR View: * UK’s biggest grocer linking arms with Europe’s biggest grocer * Grocery is all about buying power, this just got a whole lot stronger for Tesco & Carrefour => Great for both operators, great for the consumer, bad news for suppliers Read more
Tesco trial checkout free shopping
SUPR view * Tesco keeping pace with Amazon Go in checkout-free shopping * Just scan item with your Tesco App and walk out the store! * Only in test phase at the mom but further evidence Tesco a leader in tech * Only 20% of Tesco payments in store are now cash => cashless Tesco’s on the … Read more
