11:18 04/04/2018 Kantar
..and an insight into shopping habits! Interestingly, I see SBRY's is up and Tesco down a touch this AM. "LONDON (Alliance News) - The so-called Beast from the East's cold snap in the UK failed to freeze grocery sales as retailers lost out on just GBP22 million in sales, according to the latest UK grocery market share figures published Wednesday by Kantar Worldpanel. "The Beast from the East played havoc with consumers' usual shopping plans. In the run up to and during the cold snap, shoppers stockpiled groceries buying 4% more items than normal, increasing the average value of a trip from GBP14.99 to GBP15.80. However, they simultaneously visited stores 5% less often as they stayed wrapped up at home, meaning overall lost sales from the storm were minimised to GBP22 million," said Fraser McKevitt, head of retail and consumer insight at Kantar Worldpanel "Warming foods and drinks were the go-to items for customers after braving the snowy weather ? sales of hot beverages and tinned soup grew by 8.4% and 27.5% respectively over the past month," McKevitt added. McKevitt said an early Easter this year compared to 2017 motivated consumers to start their Easter weekend shopping during the month of March. Easter eggs sales rose 69% year-on-year despite average prices jumping by 35 pence to GBP1.83 and hot cross buns also saw a steep rise, with sales up GBP7.7 million compared to this time last year, he added. Sales at German retailers Lidl and Aldi grew around 10% year-on-year in the 12 week period to March 25, with both retailers competing to become the country's fastest growing supermarket chain. This compares to sales growth for the big four UK supermarkets of 2.4% for Tesco PLC, 0.6% for J Sainsbury PLC, 2.4% for WM Morrison Supermarkets PLC and 1.8% for Asda, part of Wal-Mart Stores Inc. Meanwhile, Waitrose recorded growth of 1.5% and online grocer Ocado Group PLC of 9.3%. Co-op posted a 0.1% rise in sales, while Iceland sales fell 0.8% in the period. Tesco's market share remained steady at 27.6% in the 12-week period. Sainsbury's market share fell by 0.3 percentage point to 15.8%. Asda's market share fell back by 0.2 percentage point to 15.6%, while Morrisons' share fell to 10.4% from 10.5% a year ago. "Grocery inflation now stands at 2.5% for the 12 week period ending March 25. Prices are rising fastest in markets such as butter, fresh fish and fresh pork, fresh lamb, and are falling in only a few markets, including laundry detergents and ambient cooking sauces," Kantar said.
12:04 30/03/2018 Jefferies
From Citywire 29/03: "Sainsbury?s medium term outlook positive, says Jefferies A meeting with Sainsbury?s (SBRY) has convinced Jefferies that the outlook for the core food business is strong for the supermarket and for its UK peers. Analyst James Grzinic retained his ?hold? recommendation and target price of 270p on the stock, which rose 2.3% to 234.5p yesterday. ?An afternoon with Sainsbury?s?allowed the group to showcase recent progress and future plans, as well as comfort with consensus estimates for both 2017/18 and 2018/19,? he said. ?The latter likely implies margin build in the core food business, positive for both Sainsbury?s and UK peers.? He added that the supermarket was trying to differentiate itself by supporting new brands ?at a time when larger suppliers are struggling to maintain brand equity?, and a more flexible approach to space. "
20:33 25/03/2018 Discounters profits
"(Aldi) It earned 5.10 pence of operating profit for every pound customers spent in 2013. By 2016 it had fallen to 2.42 pence in the pound, with total operating profit down 17 percent to 211.3 million pounds. Analysts believe it likely also fell in 2017. Lidl does not disclose its UK profitability but analysts estimate its operating margins to have been on a similar trajectory. Aldi and Lidl say they can afford to take a long-term approach as, being privately-owned, they are not beholden to shareholders, unlike their big four competitors. ?We?re not fixated on a particular point on the horizon where we have to report a certain set of statistics,? said Neale. One longer-term threat to Aldi and Lidl?s model could come from ecommerce, where the British supermarkets are trailblazers. The German companies have not embraced ecommerce but Amazon?s entry into selling food online could mean they also have to follow suit."
14:11 21/03/2018 Mike Coupe
Gonna try this again, last time it switched me to another board even though I had started out on this one. Check- yes, right one. "Heard the back-end of him being interviewed on R4 today. From the bit I heard, he came across as well in tune with biz, which, of course, he should be, but, yeah, impressed. On the way home from Sbry's at the time. De ad busy, but then it's a sunny day."
18:16 20/03/2018 Re: ToysRUs
dont think Toys rUsgiving much away in discounts. mostly rubbish plastic stuff. anyone looking for good toys for their kids should stay away.
11:58 18/03/2018 Re: Kantar latest
Makes sense - it's just so easy to click, n collect when you're doing your weekly, or whenever. I guess that those who get their groceries delivered can get Argos delivered with the spuds. They've still got their work cut out to compete with the perception, quite probably factual, that Asda n Tesco, n Morrisons are selling good enough produce at lower prices. Maybe I should check out Tesco again; don't know where the others are. Not to mention the popularity of Lidl - I refuse to mention the other one, having had very bad experiences in the past - which has become the in-thing for posh folk to mention. In reality, their budgets are being squeezed and they don't mind queueing, lol.
10:31 07/03/2018 Re: Kantar latest
And talking of Argos...... Argos boss John Rogers, who is speaking at the Retail Week Live event in London today, says its online sales are close to breaking through the #2bn mark. Almost 60% of orders are now made online, which he says is a huge shift for the business. (as reported by BBC)
16:28 06/03/2018 Re: Kantar latest
Well, the market didn't like this status for Sainsbury (down almost 3.5%) but loved Tesco (up nearly 4%). I personally (and hope) that this is an overreaction especially as Sainsbury also has Argos and Habitat in its portfolio. I'm sold a few weeks ago on the market correction so looking to get back in - looking at around 235 as an entry point.
10:15 06/03/2018 Kantar latest
https://www.kantarworldpanel.com/en/pr/Tesco-and-Morrisons-rise-to-top-the-big-four-
7:39 01/03/2018 Re: ToysRUs
Re toys r us, went there this weekend there was no sign of them 'trying' to raise the 15m required by reducing items. Also looking the store I wondered how many of their items they actually can sell at a discount, as I would of thought a lot of the items could be on a consignment style basis, i.e. they only purchase the item (say lego) when they sell the item, if that's correct a lot of the stock will be collected by the manufacturer and relocated to say Argos, Smythes and the enemy, Amazon lol. There was a graph on the news showing ToysRus sales dropping alarmingly, Argos dropped slightly but maintained a high position < that was good to see for us shareholders, Smythes showed a large rise (due to rapid expansion and on line presence).
17:58 28/02/2018 Re: ToysRUs
Yes as i commented a few months ago this should be a major boost for Argos, direct competitor gone. Not good for the toys r us staff. Only downside is that it could actually impact sales during period when toys r us is selling off its stock at a discount, get your Christmas presents now!
16:47 28/02/2018 ToysRUs
Surely Argos is in prime position to pick up a large share of the toy market when all the ToysRUs stores disappear. Many of their stores are on the same retail parks as Argos. Christmas 2018 trading should be excellent at Argos.
16:47 12/02/2018 Its clean, its fresh
but it is bottom of the heap for SBRY in a survey of shoppers, stuffed out of sight by the chavs who shuffle round Aldi in pyjamas and who don't care about dead rats or grubby floors so long as the price of prosecco is right. I cannot see Aldi, a privately held German discounter, logo on Team GB's adidas shirts in the Olympics without shuddering. What will we not do to make or save a penny here and there, this is supposed to be about waving the Union Jack fer chrissake. We will be calling the head of Team GB chef-de-mission next ... oh, we already did. Actually I lost faith after a lifetime with SBRY last year, stabbing Fairtrade in the back and trying to disguise that by rebranding Red Label tea as Fairly Traded ... riot scenes outside one store in Godalming where pensioners gathered to protest. I contented myself with a stroppy letter to the CEO, and I have crawled back in the hope that the Argos tie up is the start to some good news.
19:44 02/02/2018 Re: Nectar more
For Sainsbury's it is going to be "immediately cash positive and earnings accretive". "02.01.2018 MONTREAL, Feb. 1, 2018 /CNW Telbec/ ? Data-driven marketing and loyalty analytics company Aimia Inc. (TSX: AIM) today announced it has sold its Nectar loyalty program and related assets (including the Nectar trademarks) to J Sainsbury plc for a gross consideration of approximately $105 million(1) (#60 million). Sainsbury?s was a founding partner of the Nectar coalition in 2002. Today, the Sainsbury?s group reaches across grocery, financial services, energy, clothing, and general merchandise. With that diversification, Sainsbury?s now covers many of the key categories for a typical retail coalition and is Nectar?s largest issuance and redemption partner. The evolution of the Sainsbury?s group has led to more limited prospects for Nectar to add new non-competitive partners of scale. When combined with the takeover of partner Homebase by Bunnings and the exit of British Gas, Aimia ultimately determined that retaining its ownership of the Nectar business offered more limited opportunities to add value to the company and the parties mutually agreed to pursue a sale of the business to Sainsbury?s. ?Selling the Nectar business to Sainsbury?s was the optimal risk-adjusted outcome for Aimia and we have worked to ensure a seamless transition for collectors and employees,? said David Johnston, Group Chief Executive, Aimia. ?The transaction allows for a sharper focus on Aeroplan, our largest and most profitable business, and simplifies our business all the while preserving a robust balance sheet for our ongoing business.? Along with the sale of Nectar business and Aimia?s Intelligent Shopper Solutions U.K. and Intelligent Research businesses, and a 50% equity stake in its i2c joint venture with Sainsbury?s, the agreement also provides for the transfer to Sainsbury?s of approximately $183 million (#105 million) of cash providing coverage against the Nectar redemption liability. Aimia will continue to deliver customer insights and data analytics platforms to customers outside the U.K. The transaction is also subject to customary working capital adjustments based on closing accounts, with net working capital amounts paid to Sainsbury?s at closing of approximately $96 million (#55 million). Included in this amount are net payables in respect of December redemptions normally paid in the first quarter of the year. Aimia also obtained the consent of its lenders, as required for the release of one of Aimia?s subsidiary guarantors under its senior credit agreement. In connection with this consent, Aimia has reduced its overall debt level with a $100 million repayment made at closing and the overall size of the facility has been reduced to $208 million. In addition, Aimia has agreed to certain amendments to the credit agreement which include amendments(2) in respect of quarterly debt paydowns contingent on positive free cash flow performance, working capital requirements for new borrowings, elimination of the Deferred Revenue Reserve (DRR) Fund alongside insertion of a minimum liquidity covenant, lower leverage covenants, tighter restrictions on common and preferred share dividend payments and revised conditions around acquisitions and disposals. As at September 30, 2017, Aimia had close to $670 million of cash and cash equivalents (including investments in corporate and government bonds). Adjusting for and giving effect to the Nectar transaction, Aimia?s net cash and liquidity position will be reduced by approximately $174 million. As the contractual requirement with Sainsbury?s under which approximately $208 million (at September 30, 2017) had previously been held in reserve by Aimia no longer applies, Aimia views the impact of the Nectar transaction as having a positive impact on Aimia?s net cash position prior to giving effect to the repayment of $100 million under its credit facility and any positive cash inflows generated by the Nectar business in the fourth quarter. The businesses being sold today will be presented as discontinued operations in the financial statements and accompanying MD&A for the year ended December 31, 2017. Divisional 2017 results, along with 2016 comparatives, and 2018 guidance are expected to be provided with the company?s results for the year ended December 31, 2017, to be issued after the TSX market close on February 14, 2018.
8:22 02/02/2018 Nectar
I missed this, yesterday. "Yesterday Sainsbury's bought its Nectar loyalty programme from the company that runs for #60m. But why? Catherine Shuttleworth, of retail analysts Savvy, told Wake up to Money: "Big retailers are realising data is hugely important and needs to sit at the heart of their organisation, "Now Sainsbury's has bought Nectar it means they have the advantage of knowing everything their customers do on a very regular basis. They want to take control of that rather than hand it off to somebody else. "It shows loyalty card schemes are far from dead, and in the battle for the shopper - particularly in the days of Amazon, who know everything about you because of their algorithms - the likes of Tesco and Sainsbury's need to know their customers better than anyone else."