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Monday, January 07


News

Asda, Morrisons, Sainsbury's and Tesco cut fuel by up to 2p per litre in fresh supermarket petrol price war

WMT

Updated: 7th January 2019,2:59 pm. ASDA has sparked another petrol price war with supermarkets announcing forthcoming unleaded and diesel price cuts. The other supermarkets don’t have a national cap. Asda says it’s the seventh fuel price drop it’s delivered since October 26, with unleaded falling by 14p a litre and diesel by 11p a litre. The motoring group accused the three supermarkets of failing to compete as closely on the price of unleaded as they usually do, which they said has added 3p a litre to the average fuel bill. Just last week furious MPs called for a fuel price watchdog to stop oil giants ripping off Brits. Asda, Morrisons, Sainsbury’s, and Tesco engaged in a price war at the end of last year, with the supermarkets all lowering prices on more than one occasion.

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Petrol price war erupts as Asda, Morrisons, Sainsbury's and Tesco cut fuel prices - inews.co.uk

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Read more:Save £360 a year on fuel with these 8 simple driving tips. The cuts mean that drivers filling up at Asda’s 320 petrol stations will pay no more than 113.7p per litre for unleaded and 123.7p per litre for diesel. This is the seventh fuel price drop by Asda since late October and in each of the other cases Morissons, Tesco and Sainsbury’s were also quick to mirror the reduction. Asda’s senior fuel buyer, Dave Tyrer said “As a result of wholesale prices recently falling we’ve been able to pass these savings onto our customers, giving them a good start to the new year.”. RAC fuel spokesperson Simon Williams said: “This cut is very welcome news, but the big question is whether the other supermarkets will respond and drop their prices sufficiently at all of their sites.

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Supermarkets drop fuel prices for seventh time since October

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Petrol prices have dropped for the seventh time in three months at Asda's pumps (Source: Getty). Supermarket chains Asda, Sainsbury's and Morrisons will cut prices at fuel pumps from tomorrow as a lower oil price continues to be passed on to consumers. For the seventh time since late October Asda has said it will lower the price at its 320 petrol stations. Sainsbury's followed suit in the early afternoon, dropping the price at its 314 forecourts while Morrisons later said it too would lower the cost of its fuel at 335 sites. “Drivers badly need the supermarkets to start competing on price again as the so-called price war has been ‘cold’ since the middle of October. If this doesn’t happen then today’s Asda cut will not lower the average price of petrol and diesel across the country by as much as it should.

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Saturday, January 05


News

Did Amazon Turn Walmart Into an Even Bigger Competitor?

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Adam Levy, The Motley FoolMotley FoolJanuary 5, 2019, 12:48 AM GMT. When Amazon(NASDAQ: AMZN) announced its acquisition of Whole Foods Market in the summer of 2017, Walmart(NYSE: WMT) investors got worried. Amazon has a penchant for cutting margins to the bone in an effort to take market share, and the grocery business has thin margins already. However, Walmart stepped up to the challenge. Not only did it defend its market share in traditional brick-and-mortar grocery sales, but it also accelerated its investments in digital grocery sales with great success. Amazon has historically led digital grocery sales, thanks to its overall dominance of online commerce; it took an 18% share of the market in 2017 compared to Walmart's 9%. But Walmart is shrinking the gap, and even surpassing Amazon by some measures.

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Friday, January 04


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4 Reasons Why Walmart (WMT) Appears to Be a Solid Pick Now

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Walmart Inc. WMT has been a preferred investment pick, thanks to the company’s robust efforts to enhance both store and e-commerce businesses. The company has been making concerted efforts to keep pace with consumers’ evolving shopping patterns and stay firm against Amazon AMZN.These factors have been driving this Zacks Rank #2 (Buy) stock that has gained 11% in the past six months, while the industry rallied 10.3%. The company’s plans to venture into the subscription-based video streaming arena, improve its website, conclude the deal with PayPal, launch Bonobos and Nike NKE on Jet.com, enhance check-out process, and focus on Walmart2World money transfer service along with Walmart Pay mobile payment system and Mobile Express Returns program further highlight the company’s initiatives to accelerate online business. These factors keep management encouraged about achieving 40% U.S. e-commerce sales growth in fiscal 2019.Focus on Online Grocery a Key Driver Walmart is making aggressive efforts to expand in the booming online grocery space, which was a major contributor to its e-commerce sales in the third quarter.

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Asda food waste free-for-all is slammed

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On Boxing Day Asda gave away free veg such as brussels sprouts and carrots. Food waste sources have slammed supermarket giant Asda after it gave away large volumes of surplus Christmas vegetables to the public. Asda this week insisted it had struck the “right balance” between ensuring Christmas availability and avoiding food waste.However, several of its stores across the country ended up giving away large amount of free Christmas food, with customers taking to social media to attack the company for not giving the surplus to charities. And not just customers. One food waste insider said: “The volume of food we are talking about was eye watering. If charities had known they would have surely laid on coach loads of volunteers to take this food to people who needed it rather than just give it away.”On Boxing Day the supermarket let customers have vegetables including brussels sprouts, parsnips, carrots and broccoli for free, in locations including Sheffield, Newcastle, Leeds and Edinburgh.Store bosses labelled the food with signs saying ‘Free to a good home!’ or ‘Have this one on us!’. Read more: Central England Co-op Christmas food bank appeal helps feed 30,000. Asda announced last year it was to plough at least £20m into FareShare and The Trussell Trust, in what the charities welcomed as an “unprecedented” breakthrough in the battle against food poverty.The commitment, aimed at helping a million people over the next three years, will include the Walmart giant paying for refrigeration equipment for the charities so they can ramp up their redistribution of fresh food.FareShare CEO Lindsay Boswell said the charity had “extended the help we give to charities over Christmas and this year we achieved a record amount of donations”, but admitted it was in talks with Asda in a bid to ensure that in future it could increase the amount of food received from such surpluses.

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Wednesday, January 02


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Walmart’s McClendon joins NASRC board

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By Michael Garry, Jan 02, 2019, 20:14 • 1 minute reading. The retail giant’s director of energy efficiency will help U.S. nonprofit focused on natural refrigerant adoption by North American supermarkets. The North American Sustainable Refrigeration Council (NASRC), a U.S. nonprofit focused on supporting natural refrigerant adoption in the supermarket sector, announced today that Jim McClendon, director of energy efficiency for Walmart Stores Inc., has joined its board of directors. “As we navigate the uncertainties of the refrigeration landscape, it seems apparent that legacy approaches and technologies will not sustain the industry. Whether in terms of refrigerants, efficiency, or practice, we must be innovative and insist on new, lower-carbon solutions.”. Since 2005, McClendon has led Walmart’s initiatives to reduce their total energy consumption in new and existing stores, contributing to their greenhouse gas emissions goals.

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Shopper complains after benches and trolleys block Asda entrance

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Shopper complains after benches and trolleys block Asda entrance. Asda at Turner Rise, Colchester. A SHOPPER has complained benches were pushed up against the front doors of an Asda supermarket, endangering shoppers’ safety. Essex County Fire and Rescue Service visited the store off Turner Road in Colchester following reports benches and trolleys were being used to barricade the doors shut on Sunday evening. Asda said it was to stop customers coming in at closing time. A spokesperson said it was an isolated incident and usually a store colleague is stationed at the entrance to inform customers when the store is closing. Sorry, an error occurred.

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Asda unveils huge January sale with 50% off clothing, toys and electricals

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By clicking “Accept” below, you agree to us doing so. You can read more in our cookie notice. Or, if you do not agree, you can click Manage below to access other choices. If you choose not to, you will still see adverts on our site, because they help us to fund it, but those adverts will not be tailored to you. Supermarket giant Asda has luanched a massive half price January sale with bargains from kids clothes to vacuum cleaners and blenders. 09:53, 2 Jan 2019. Asda has just announced a half price January sale - and it's got everything you need to make your New Year even more shiny and new.

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Tuesday, January 01


News

Walmart isn't the only retailer already winning in 2019

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In any competition, there are winners and losers. And among retailers competing for customers, the winners of 2018 beat their rivals by providing faster delivery, better online and mobile shopping options, and the trendiest products. "To me the pressure is on them in 2019 to push their online and in-store experiences." And many department store operators still have too much bricks-and-mortar space that needs to be "rationalized," he added, meaning more store closures by some of these businesses are inevitable. An early look at sales data by Mastercard during the weeks leading up to Christmas Eve found overall transactions at department stores were down 1.3 percent from a year ago.Foot traffic at some malls — where department stores are anchor tenants — was also noticeably lighter during parts of the holiday season, including Black Friday weekend. But that doesn't mean consumers weren't whipping out their wallets and filling their shopping carts ahead of the new year. Target reported unprecedented traffic at its stores — many of which have been remodeled —in 2018, as Walmart has been focused on buying various online sellers to grow digital sales, its latest acquisition being Art.com.

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