Latest news with #supermarkets
Daily Mail
3 hours ago
- Business
- Daily Mail
Aldi announces where it wants to open new supermarkets
Aldi has announced a list of locations where it wants to open new supermarkets after asking for input from customers. The firm asked the public in May to nominate new locations for potential new stores after previously publishing a wishlist of new locations in London. Aldi has now analysed thousands of email responses, the firm said, and come up with a new list of locations it wants to open new stores. Each new plot will need to have space for a 20,000 square feet store and around 100 parking spaces. It should ideally be on a main road and be clearly visible. The supermarket currently has 1,050 UK stores and is looking to grow this number to 1,500. Bosses intend to invest £650 million in expansion in the UK in 2025 alone. Use MailOnline's interactive tool to see if one is in your area. In London, Aldi is looking to expand in Ealing, Bromley and South Croydon. Other locations where store space is sought include Warwick, Kirkby in Merseyside, Braintree in Essex and South Shields in Tyne and Wear. Jonathan Neale, managing director of national real estate at Aldi UK, said: 'We want to make high-quality, affordable food accessible to everyone, and that means opening new stores in the communities that need them most. 'The response from the public has been invaluable in helping us identify where demand is greatest, and where we need to focus our efforts on finding the sites that can become new stores.'
Daily Mail
3 hours ago
- Business
- Daily Mail
Aldi announces where it wants to open new wave of supermarkets in the UK - check to see if there is one in your area
Aldi has announced a list of locations where it wants to open new supermarkets after asking for input from customers. The firm asked the public in May to nominate new locations for potential new stores after previously publishing a wishlist of new locations in London. Aldi has now analysed thousands of email responses, the firm said, and come up with a new list of locations it wants to open new stores. Each new plot will need to have space for a 20,000 square feet store and around 100 parking spaces. It should ideally be on a main road and be clearly visible. The supermarket currently has 1,050 UK stores and is looking to grow this number to 1,500. Bosses intend to invest £650 million in expansion in the UK in 2025 alone. Use MailOnline's interactive tool to see if one is in your area. In London, Aldi is looking to expand in Ealing, Bromley and South Croydon. Other locations where store space is sought include Warwick, Kirkby in Merseyside, Braintree in Essex and South Shields in Tyne and Wear. Jonathan Neale, managing director of national real estate at Aldi UK, said: 'We want to make high-quality, affordable food accessible to everyone, and that means opening new stores in the communities that need them most. 'The response from the public has been invaluable in helping us identify where demand is greatest, and where we need to focus our efforts on finding the sites that can become new stores.' Ten new stores are set to open this summer, including in Caterham in Surrey, Sheffield and Fulham Broadway. Braintree, Essex Bromley, Greater London Chesham, Buckinghamshire Balby, Doncaster, South Yorkshire Ealing, Greater London Ferndown, Dorset Hitchin, Hertfordshire Kenilworth, Warwickshire Kirkby, Merseyside Largs, North Ayrshire Pickering, North Yorkshire Ponteland, Northumberland South Croydon, Greater London South Shields, Tyne and Wear Tadcaster, North Yorkshire Uckfield, East Sussex Warwick, Warwickshire Wellingborough, Northamptonshire Witney, Oxfordshire Worthing, West Sussex
Yahoo
4 hours ago
- Business
- Yahoo
Kroger (KR) Beats Q1 Earnings Estimates
Kroger (KR) came out with quarterly earnings of $1.49 per share, beating the Zacks Consensus Estimate of $1.45 per share. This compares to earnings of $1.43 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 2.76%. A quarter ago, it was expected that this supermarket chain would post earnings of $1.12 per share when it actually produced earnings of $1.14, delivering a surprise of 1.79%. Over the last four quarters, the company has surpassed consensus EPS estimates three times. Kroger , which belongs to the Zacks Retail - Supermarkets industry, posted revenues of $45.12 billion for the quarter ended April 2025, missing the Zacks Consensus Estimate by 0.58%. This compares to year-ago revenues of $45.27 billion. The company has not been able to beat consensus revenue estimates over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Kroger shares have added about 7.2% since the beginning of the year versus the S&P 500's gain of 1.7%. While Kroger has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Kroger: unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $1.02 on $34.13 billion in revenues for the coming quarter and $4.74 on $149.07 billion in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Retail - Supermarkets is currently in the top 40% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Another stock from the broader Zacks Retail-Wholesale sector, Levi Strauss (LEVI), has yet to report results for the quarter ended May 2025. This jeans maker is expected to post quarterly earnings of $0.13 per share in its upcoming report, which represents a year-over-year change of -18.8%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. Levi Strauss' revenues are expected to be $1.37 billion, down 5.2% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report The Kroger Co. (KR) : Free Stock Analysis Report Levi Strauss & Co. (LEVI) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
The Sun
4 hours ago
- Business
- The Sun
Cheapest supermarket for school uniforms revealed and prices are LOWER than buying second-hand on Vinted
THE cheapest supermarket to get a school uniform has been revealed - and you could pay less than buying second-hand on Vinted. Aldi and Lidl have come out on top this year as the supermarkets with the lowest prices for uniforms, according to analysis by The Sun, with prices at both stores frozen since 2022. 2 2 The budget retailers are bringing back their school uniform "bundles" for ages 4-12, so parents can get two polo shirts, a sweatshirt, and trousers, a skirt or shorts from just £5. Many individual uniform items at both Aldi and Lidl start from less than £2, with trousers and skirts priced from £1.75, sweatshirts from £1.50, and a two-pack of polo shirts from £2.49. School shirts from both retailers work out at around £1.20 each, with Lidl offering a two-pack for £2.49 and Aldi offering a three-pack for £3.69. The Sun has found that parents could kit out their little ones with a school uniform from the budget supermarkets this year for less than if they were to buy the items second-hand on Vinted. Over 500 sellers on the online marketplace are currently offering "school uniform" items, with many working out as more expensive than Aldi and Lidl's offering. For example, one seller has posted two used grey pleated skirts for age 5 years for £5.69, meaning you would save over £2 buying two new skirts from Aldi or Lidl. Another is selling grey boys shorts for age 5 years for £2.46 - over 70p more than the supermarket prices. There are also several polo shirts up for sale on the website, with one seller offering a set of two navy polo shirts for ages 5-6 for £4.08 - meaning you'd make a saving of £1.60 if you bought them new from Aldi or Lidl. While you can still save money by buying a school uniform second-hand, there are benefits to purchasing from an established retailer if you can. Consumer expert Martyn James says: "It makes much more sense to buy new from a retailer where your shopping rights are much clearer than on the second hand market. Sainsbury's scraps in-store changing rooms leaving shoppers furious "But don't forget that the Consumer Rights Act covers all purchases you make from shops and even individuals – just check the T&Cs!" School uniforms will be hitting supermarket shelves in the coming weeks, with Aldi launching its back to school range on June 29 and Lidl's available from July 6. What other supermarkets are selling school uniforms? School uniforms will be available in almost all UK supermarkets, as well as some other high street stores, in the coming weeks. Sainsbury's Sainsbury's launched its 2025 school uniform offering on June 15, with prices starting at £3 for a two-pack of white polo shirts. The supermarket is also offering customers 20% off its school uniform range until this Sunday, June 22. Sainsbury's school uniform prices are as follows: Cardigan: 2pck from £8 (£6.40 in sale) Trousers: 2pck from £7 (£5.60 in sale) Skirt: 2pck from £7 (£5.60 in sale) Polo shirts: 2pck from £3 (£2.40 in sale) Sweatshirt: 2pck from £4 (£3.20 in sale) Shirts: 3pck from £4 (£3.20 in sale) Asda Asda sells school uniforms all year round both in store and online, via its clothing range George at Asda. It's latest uniform prices can be found here: Cardigan: 2pck from £8 Trousers: 2pck from £7; you can also get a 5 pack from £20 Skirt: 2pck from £7 Polo shirts: 2pck from £3; or 5 pack from £7.50 Sweatshirt: 2pck from £5; or 5 pack from £12.50 Shirts: 2pck from £3.50; or 5 pack from £8.50 Tesco Tesco is set to launch its back to school range in stores in England, Wales and Northern Ireland on July 21, while shoppers in Scotland can get school kit from July 7. The retailer is yet to reveal the full details of what will be on offer and pricing for its new range, but last year it slashed prices by 25% for Clubcard customers. There are currently several school uniform items available on the Tesco website, with prices as follows: Cardigan: 2pck from £8 Trousers: 2pck from £11 Skirt: 2pck from £11 Polo shirts: 3pck £4.50 Sweatshirt: 2pck £8 Shirts: 3pck from £9 M&S M&S sells school uniform items all year round, with online prices starting from £2.49. Prices currently online are below: Cardigan: from £5 Trousers: 2pck from £11 Skirt: 2pck from £10 Polo shirts: 2pck from £4.50 Sweatshirt: from £6 Shirts: 3pck from £9 How to get a discount on school uniforms Grants to help with school uniform costs are offered by several councils across England, with up to £200 free cash available to parents. The Household Support Fund (HSF) is designed to help those on a low income, benefits, or classed as vulnerable. To apply, you'll need to get in touch with your local council. Most councils have pages on their website dedicated to the HSF, while you can also call your local authority to find out if you are eligible for the support scheme. Unlike in England, all local authorities in Northern Ireland, Scotland and Wales offer school uniform grants. It's also worth checking out your local charity shop to see what's on offer. Some charity shops have deals with uniform manufacturers and retailers meaning you can get brand new items at bargain prices. Meanwhile, many schools and community groups run second-hand uniform exchanges where parents can find and donate uniforms. .
Yahoo
11 hours ago
- Business
- Yahoo
High street hit as retail sales slump in month after "awful April" bill hikes
Retail sales fell sharply in May in the month after consumers were hit by a raft of 'Awful April' higher bills that bit deeply into household budgets. Latest figures from the Office for National Statistics show the volume of sales fell 2.7% in May, the biggest monthly decline since December 2023. It was the first monthly fall in the year and follows a rise of 1.3% in April. The downbeat figures will come as a blow to the high street after a relatively robust start to the year and raise fears that that the April bill increases - on essentials ranging from energy to mobile phones - will hit the sector hard over the coming months. Supermarkets saw a particularly big fall with volumes down by 5% following growth of 4.7% in April boosted by fine Spring weather. This was the largest monthly fall since May 2021. Retailers contacted by the ONS spoke of 'of inflation and customer cutbacks, alongside reduced sales of alcohol and tobacco products.' Food inflation rose to 4.4% in the year to May. Non-food stores saw a smaller fall of 1.4% over the month with fashion and household goods stores such as hardware, paints and glass retailers taking the biggest hit. According to the ONS retailers 'mentioned reduced footfall and consumers having completed home projects earlier than usual this year because of good weather, leading to lower sales in May.' Online sales were down by 1%. On an annual basis overall retail sales volumes fell by 1.3% over the year to May 2025. They are still 2.7% below pre-pandemic levels in February 2020. Charlie Huggins, manager of the Quality Shares Portfolio at Wealth Club said: "Cracks in consumer spending may finally be starting to appear - retail sales volumes came in much worse than expected in May. 'The sales decline was broad based with every category seeing weakness and online spending also falling. 'Food sales were especially weak, giving up all their gains in April, and a bit more. Clothing also had another weak month suggesting that consumers may be cutting back on discretionary purchases. 'It's only one month, but these figures do not paint a great picture. Cracks in the UK economy are starting to appear and consumers are starting to feel less confident. This will intensify pressure on the Bank of England to cut rates sooner rather than later." Sagar Shah, Associate Partner at consultants McKinsey & Company said: "Even the second sunniest May on record couldn't stop retail sales slipping into the shade, down 2.7%. This is the first month this year that retail figures have fallen. 'The caution could in part be attributed to food inflation being at the highest level since February 2024. And, other fiscal pressures that retailers are facing that could potentially be impacting promotions. ' Oliver Vernon-Harcourt, head of retail at Deloitte, said: 'For the first time this year, retail sales fell more than expected, as two bank holidays and further good weather were not enough to entice spending. 'A late Easter combined with the sunniest April on record brought some seasonal sales forward, meanwhile continued inflationary pressures from food, furniture and household goods hampered sales volumes. 'Overall, consumers remain cautious in the face of persistent inflation, increased utility costs and ongoing geopolitical uncertainty. While this transpired into fewer purchases in May, there is a broader picture of improving household finances. 'Consumers have been saving at one of the highest levels on record, and with robust real wage growth, this could generate some helpful tailwinds for the retail sector throughout the rest of 2025. 'With warm weather set to continue, retailers will hope to see a boost from the sale of summer food, clothing and outdoor offerings, resulting in a return to growth in the months ahead.' Error in retrieving data Sign in to access your portfolio Error in retrieving data
