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Latest Morrison W Sprmrkt P (MRWSF) Headlines
UK Supermarket Own Brands Share of the Market Likely to Remain Over 50% Up Until at Least 2017
M2 - Fri Mar 07, 4:29AM CST
Research and Markets (http://www.researchandmarkets.com/research/ff8xtp/supermarket_own) has announced the addition of the "Supermarket Own Labels Market Report 2013" report to their offering. Supermarkets have been quick to respond to the increased demand for own-brand products, with many investing significant amounts of money into developing tiered private-label lines, such as good', better' and best' ranges. Even premium supermarket chains, such as Waitrose and Marks & Spencer (M&S), have cashed in on the trend towards discount ranges, with both retailers launching their own value grocery ranges essential Waitrose and Simply M&S, respectively in recent years. At the other end of the market, discount chains such as Aldi and Lidl have begun to develop their own premium private-label ranges, in order to appeal to a wider consumer base. While the author forecasts that sales of supermarket own-brand product ranges will continue to increase year-on-year between 2013 and 2017, it is likely that growth will slow somewhat over the next 5 years, as the economy begins to strengthen once again and consumer confidence returns. This, along with recent scandals, such as the horsemeat fiasco which has hit a number of grocery retailers hard in recent months could lead to consumers once again returning to the brands that they favoured pre-recession. Nevertheless, opportunities will still remain for many supermarket retailers to grow and develop their own-brand lines over the coming years, particularly across non-food categories. As a result, Key Note expects supermarket own brands to continue to dominate the grocery market over the next 5 years, with the share of the market represented by own brands likely to remain over 50% up until at least 2017. Companies Mentioned: - Aldi Stores Ltd - ASDA Group Ltd - Greencore Group PLC - Iceland Foods Group Ltd - J Sainsbury PLC - Lidl - McBride PLC - Tesco PLC - The Co-operative Group Ltd - The Future - Waitrose Ltd - WM Morrison Supermarkets PLC For more information visit http://www.researchandmarkets.com/research/ff...market_own About Research and Markets Research and Markets is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Supermarket Services 2013
M2 - Tue Sep 03, 9:26AM CDT
Research and Markets (http://www.researchandmarkets.com/research/vndklq/supermarket) has announced the addition of the "Supermarket Services 2013" report to their offering. Over the past couple of decades, UK supermarkets have been expanding and diversifying their activities, with many now offering a wide range of services such as financial products, utilities, restaurants and catering facilities, telecommunications and Internet services, health products and pharmacies, and a number of other miscellaneous services, such as digital entertainment portals, dry cleaning and automotive services. The deregulation of a number of products and services such as pharmacies, the UK energy market and, more recently, legal services has encouraged supermarket expansion across a range of new market sectors; as has the large-scale operations and market presence that such retailers have, with the increased footfall achieved by supermarket operators driving interest in new products and services. As a result, many of the larger supermarket chains have become one-stop shops for consumers by providing a range of services catering to various requirements and needs. According to this report, total revenues generated by the leading UK supermarket chains within the services sector grew by 7.5% in 2012, with a recent push by many of the major multiple retailers to expand within the financial services sector driving much of this growth. For example, both Tesco and Marks & Spencer (M&S) embarked on significant expansion plans for their respective banking businesses, with Tesco launching mortgage products for the first time during August 2012; and M&S announcing plans to introduce a chain of 50 in-store banking branches in some of its larger shops across the UK over the next 2 years. More recently, Sainsbury's announced in May 2013 that it had taken full control of its financial business, Sainsbury's Bank, after revealing that it had acquired the remaining 50% share of the business from original partners Lloyds Banking Group. These moves reflect a growing assault on traditional high-street banking groups being waged by the supermarkets, which has been aided by the ongoing economic recovery, as well as rising consumer demand for alternatives to traditional retail banks, with the financial sector being hit by a string of scandals in recent years such as the Libor debacle, payment protection insurance (PPI) scandals and IT system failures. The next few years are likely to be tarred somewhat by slower-than-expected economic recovery in the UK, which will serve to dampen consumer spending somewhat. However, the ability of supermarkets to undercut traditional high-street retailers in terms of price may help to attract consumers seeking cheaper alternatives. Current growth areas, such as financial services, digital entertainment, legal services, and restaurants and catering should also help to drive sales within the supermarket services sector over the following years. These areas will also encourage new concept stores and the development of larger supermarket outlets as retail destinations'. As such, the authors estimate the sales of supermarket services to increase by 39.9% between 2013 and 2017, with a compound annual growth rate (CAGR) of approximately 8.5% forecast for the next 5 years. Companies Mentioned - ASDA Group Ltd - Aldi Stores Ltd - J Sainsbury PLC - Lidl - Marks and Spencer PLC - Tesco PLC - The Co-operative Group Ltd - WM Morrison Supermarkets PLC - Waitrose Ltd For more information visit http://www.researchandmarkets.com/research/vn...upermarket About Research and Markets Research and Markets is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Supermarket Own Labels Market Report 2013
M2 - Fri Jul 19, 10:18AM CDT
Research and Markets (http://www.researchandmarkets.com/research/xpj32s/supermarket_own) has announced the addition of the "Supermarket Own Labels Market Report 2013" report to their offering. Supermarket own brands have continued to gain market share within the wider grocery market in recent years, with Key Note estimating sales of own-label products to have increased by 38.7% over the past 5 years. The continued economic downturn and a return to recession in early 2012 has no doubt fuelled growth across supermarket own-brand lines over the past few years, with discount supermarkets, such as Aldi, Lidl and Iceland, all observing strong growth across their private-label ranges in recent years. Expansion into non-food categories, such as toiletries, cosmetics and other household essentials, has also encouraged growth within the own-brand market. Overall, Key Note estimates that own-label products represented around 51% of total grocery sales in 2012. The ongoing economic problems, which have seen unemployment and inflation continue to remain high, have severely affected consumer expenditure over the past 5 years. Increases in the price of energy and raw materials have also driven up production costs and, as a result, consumer price inflation (CPI) has risen substantially. As such, food prices have witnessed significant increases in recent years, with figures produced by the Department for Environment, Food and Rural Affairs (Defra) revealing that the cost of food has increased by 32% in the UK since 2007 double the EU average. Extreme weather, such as the flooding observed in some areas of the UK during the summer of 2012, has also had a noticeable effect on crop yields and thus food prices. These factors have caused many UK households to cut back on their weekly grocery shop, with many turning towards discounters or value own-brand products in order to save money. Supermarkets have been quick to respond to this increased demand for own-brand products, with many investing significant amounts of money into developing tiered private-label lines, such as good', better' and best' ranges. Even premium supermarket chains, such as Waitrose and Marks & Spencer (M&S), have cashed in on the trend towards discount ranges, with both retailers launching their own value grocery ranges essential Waitrose and Simply M&S, respectively in recent years. At the other end of the market, discount chains such as Aldi and Lidl have begun to develop their own premium private-label ranges, in order to appeal to a wider consumer base. The increased investment channelled into the development of supermarket own brands has added a level of sophistication to private-label ranges, which were previously viewed by many consumers as being poor in quality. As a result, private-label ranges have become increasingly appealing to consumers, who have already let brand loyalty slip somewhat following the double-dip recession, with focus now being on value for money. While Key Note forecasts that sales of supermarket own-brand product ranges will continue to increase year-on-year between 2013 and 2017, it is likely that growth will slow somewhat over the next 5 years, as the economy begins to strengthen once again and consumer confidence returns. This, along with recent scandals, such as the horsemeat fiasco which has hit a number of grocery retailers hard in recent months could lead to consumers once again returning to the brands that they favoured pre-recession. Nevertheless, opportunities will still remain for many supermarket retailers to grow and develop their own-brand lines over the coming years, particularly across non-food categories. As a result, Key Note expects supermarket own brands to continue to dominate the grocery market over the next 5 years, with the share of the market represented by own brands likely to remain over 50% up until at least 2017. Companies Mentioned - Aldi Stores Ltd - ASDA Group Ltd - Greencore Group PLC - Iceland Foods Group Ltd - J Sainsbury PLC - Lidl - McBride PLC - Tesco PLC - The Co-operative Group Ltd - The Future - Waitrose Ltd - WM Morrison Supermarkets PLC For more information visit http://www.researchandmarkets.com/research/xp...market_own About Research and Markets Research and Markets is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Non-Food Sales in Supermarkets Market Report 2013
M2 - Fri Jul 19, 10:02AM CDT
Research and Markets (http://www.researchandmarkets.com/research/c9tgk3/nonfood_sales_in) has announced the addition of the "Non-Food Sales in Supermarkets Market Report 2013" report to their offering. UK supermarkets have continued to strengthen their position within the non-food sectors in recent years, following increased diversification into new markets, as well as the continued development of own-brand ranges and expansion onto the high street, via convenience formats, and online. The ongoing economic crisis, which has continued to effect household budgets, has caused many shoppers to turn towards supermarket own-brand alternatives, which are often much cheaper than branded products, in a bid to save money. As a result, supermarkets have increased their investment into developing their own-brand product lines. Consequently, a number of supermarket own brands hold strong market positions; for example, both ASDA's George clothing line and Sainsbury's TU range hold leading positions within the clothing market in the UK. Supermarket services have also continued to observe significant growth in recent years, with many operators expanding into new sectors, such as insurance, energy, pharmaceuticals and even legal services. Despite observing a small contraction within non-food sales over the past year or so, Tesco has continued to dominate the non-food sector across the grocery market. While Tesco has reported small decreases across its general merchandise product ranges, it has been quick to develop other areas of the business, such as financial services, which it provides via Tesco Bank. Meanwhile, The Co-operative Group which already provides a wide range of services and has a strong high-street presence within the banking and pharmaceuticals sectors has recently expanded into the legal services sector, after becoming one of the first consumer brands to be granted Alternative Business Structure (ABS) status in the UK, following changes to the law. Companies Mentioned - ASDA Group Ltd - J Sainsbury PLC - Tesco PLC - WM Morrison Supermarkets PLC For more information visit http://www.researchandmarkets.com/research/c9...d_sales_in About Research and Markets Research and Markets is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
UK Supermarket Own Brands Share of the Market Likely to Remain Over 50% Up Until at Least 2017
M2 - Fri Mar 07, 4:29AM CST
Research and Markets (http://www.researchandmarkets.com/research/ff8xtp/supermarket_own) has announced the addition of the "Supermarket Own Labels Market Report 2013" report to their offering. Supermarkets have been quick to respond to the increased demand for own-brand products, with many investing significant amounts of money into developing tiered private-label lines, such as good', better' and best' ranges. Even premium supermarket chains, such as Waitrose and Marks & Spencer (M&S), have cashed in on the trend towards discount ranges, with both retailers launching their own value grocery ranges essential Waitrose and Simply M&S, respectively in recent years. At the other end of the market, discount chains such as Aldi and Lidl have begun to develop their own premium private-label ranges, in order to appeal to a wider consumer base. While the author forecasts that sales of supermarket own-brand product ranges will continue to increase year-on-year between 2013 and 2017, it is likely that growth will slow somewhat over the next 5 years, as the economy begins to strengthen once again and consumer confidence returns. This, along with recent scandals, such as the horsemeat fiasco which has hit a number of grocery retailers hard in recent months could lead to consumers once again returning to the brands that they favoured pre-recession. Nevertheless, opportunities will still remain for many supermarket retailers to grow and develop their own-brand lines over the coming years, particularly across non-food categories. As a result, Key Note expects supermarket own brands to continue to dominate the grocery market over the next 5 years, with the share of the market represented by own brands likely to remain over 50% up until at least 2017. Companies Mentioned: - Aldi Stores Ltd - ASDA Group Ltd - Greencore Group PLC - Iceland Foods Group Ltd - J Sainsbury PLC - Lidl - McBride PLC - Tesco PLC - The Co-operative Group Ltd - The Future - Waitrose Ltd - WM Morrison Supermarkets PLC For more information visit http://www.researchandmarkets.com/research/ff...market_own About Research and Markets Research and Markets is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Supermarket Services 2013
M2 - Tue Sep 03, 9:26AM CDT
Research and Markets (http://www.researchandmarkets.com/research/vndklq/supermarket) has announced the addition of the "Supermarket Services 2013" report to their offering. Over the past couple of decades, UK supermarkets have been expanding and diversifying their activities, with many now offering a wide range of services such as financial products, utilities, restaurants and catering facilities, telecommunications and Internet services, health products and pharmacies, and a number of other miscellaneous services, such as digital entertainment portals, dry cleaning and automotive services. The deregulation of a number of products and services such as pharmacies, the UK energy market and, more recently, legal services has encouraged supermarket expansion across a range of new market sectors; as has the large-scale operations and market presence that such retailers have, with the increased footfall achieved by supermarket operators driving interest in new products and services. As a result, many of the larger supermarket chains have become one-stop shops for consumers by providing a range of services catering to various requirements and needs. According to this report, total revenues generated by the leading UK supermarket chains within the services sector grew by 7.5% in 2012, with a recent push by many of the major multiple retailers to expand within the financial services sector driving much of this growth. For example, both Tesco and Marks & Spencer (M&S) embarked on significant expansion plans for their respective banking businesses, with Tesco launching mortgage products for the first time during August 2012; and M&S announcing plans to introduce a chain of 50 in-store banking branches in some of its larger shops across the UK over the next 2 years. More recently, Sainsbury's announced in May 2013 that it had taken full control of its financial business, Sainsbury's Bank, after revealing that it had acquired the remaining 50% share of the business from original partners Lloyds Banking Group. These moves reflect a growing assault on traditional high-street banking groups being waged by the supermarkets, which has been aided by the ongoing economic recovery, as well as rising consumer demand for alternatives to traditional retail banks, with the financial sector being hit by a string of scandals in recent years such as the Libor debacle, payment protection insurance (PPI) scandals and IT system failures. The next few years are likely to be tarred somewhat by slower-than-expected economic recovery in the UK, which will serve to dampen consumer spending somewhat. However, the ability of supermarkets to undercut traditional high-street retailers in terms of price may help to attract consumers seeking cheaper alternatives. Current growth areas, such as financial services, digital entertainment, legal services, and restaurants and catering should also help to drive sales within the supermarket services sector over the following years. These areas will also encourage new concept stores and the development of larger supermarket outlets as retail destinations'. As such, the authors estimate the sales of supermarket services to increase by 39.9% between 2013 and 2017, with a compound annual growth rate (CAGR) of approximately 8.5% forecast for the next 5 years. Companies Mentioned - ASDA Group Ltd - Aldi Stores Ltd - J Sainsbury PLC - Lidl - Marks and Spencer PLC - Tesco PLC - The Co-operative Group Ltd - WM Morrison Supermarkets PLC - Waitrose Ltd For more information visit http://www.researchandmarkets.com/research/vn...upermarket About Research and Markets Research and Markets is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Supermarket Own Labels Market Report 2013
M2 - Fri Jul 19, 10:18AM CDT
Research and Markets (http://www.researchandmarkets.com/research/xpj32s/supermarket_own) has announced the addition of the "Supermarket Own Labels Market Report 2013" report to their offering. Supermarket own brands have continued to gain market share within the wider grocery market in recent years, with Key Note estimating sales of own-label products to have increased by 38.7% over the past 5 years. The continued economic downturn and a return to recession in early 2012 has no doubt fuelled growth across supermarket own-brand lines over the past few years, with discount supermarkets, such as Aldi, Lidl and Iceland, all observing strong growth across their private-label ranges in recent years. Expansion into non-food categories, such as toiletries, cosmetics and other household essentials, has also encouraged growth within the own-brand market. Overall, Key Note estimates that own-label products represented around 51% of total grocery sales in 2012. The ongoing economic problems, which have seen unemployment and inflation continue to remain high, have severely affected consumer expenditure over the past 5 years. Increases in the price of energy and raw materials have also driven up production costs and, as a result, consumer price inflation (CPI) has risen substantially. As such, food prices have witnessed significant increases in recent years, with figures produced by the Department for Environment, Food and Rural Affairs (Defra) revealing that the cost of food has increased by 32% in the UK since 2007 double the EU average. Extreme weather, such as the flooding observed in some areas of the UK during the summer of 2012, has also had a noticeable effect on crop yields and thus food prices. These factors have caused many UK households to cut back on their weekly grocery shop, with many turning towards discounters or value own-brand products in order to save money. Supermarkets have been quick to respond to this increased demand for own-brand products, with many investing significant amounts of money into developing tiered private-label lines, such as good', better' and best' ranges. Even premium supermarket chains, such as Waitrose and Marks & Spencer (M&S), have cashed in on the trend towards discount ranges, with both retailers launching their own value grocery ranges essential Waitrose and Simply M&S, respectively in recent years. At the other end of the market, discount chains such as Aldi and Lidl have begun to develop their own premium private-label ranges, in order to appeal to a wider consumer base. The increased investment channelled into the development of supermarket own brands has added a level of sophistication to private-label ranges, which were previously viewed by many consumers as being poor in quality. As a result, private-label ranges have become increasingly appealing to consumers, who have already let brand loyalty slip somewhat following the double-dip recession, with focus now being on value for money. While Key Note forecasts that sales of supermarket own-brand product ranges will continue to increase year-on-year between 2013 and 2017, it is likely that growth will slow somewhat over the next 5 years, as the economy begins to strengthen once again and consumer confidence returns. This, along with recent scandals, such as the horsemeat fiasco which has hit a number of grocery retailers hard in recent months could lead to consumers once again returning to the brands that they favoured pre-recession. Nevertheless, opportunities will still remain for many supermarket retailers to grow and develop their own-brand lines over the coming years, particularly across non-food categories. As a result, Key Note expects supermarket own brands to continue to dominate the grocery market over the next 5 years, with the share of the market represented by own brands likely to remain over 50% up until at least 2017. Companies Mentioned - Aldi Stores Ltd - ASDA Group Ltd - Greencore Group PLC - Iceland Foods Group Ltd - J Sainsbury PLC - Lidl - McBride PLC - Tesco PLC - The Co-operative Group Ltd - The Future - Waitrose Ltd - WM Morrison Supermarkets PLC For more information visit http://www.researchandmarkets.com/research/xp...market_own About Research and Markets Research and Markets is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Non-Food Sales in Supermarkets Market Report 2013
M2 - Fri Jul 19, 10:02AM CDT
Research and Markets (http://www.researchandmarkets.com/research/c9tgk3/nonfood_sales_in) has announced the addition of the "Non-Food Sales in Supermarkets Market Report 2013" report to their offering. UK supermarkets have continued to strengthen their position within the non-food sectors in recent years, following increased diversification into new markets, as well as the continued development of own-brand ranges and expansion onto the high street, via convenience formats, and online. The ongoing economic crisis, which has continued to effect household budgets, has caused many shoppers to turn towards supermarket own-brand alternatives, which are often much cheaper than branded products, in a bid to save money. As a result, supermarkets have increased their investment into developing their own-brand product lines. Consequently, a number of supermarket own brands hold strong market positions; for example, both ASDA's George clothing line and Sainsbury's TU range hold leading positions within the clothing market in the UK. Supermarket services have also continued to observe significant growth in recent years, with many operators expanding into new sectors, such as insurance, energy, pharmaceuticals and even legal services. Despite observing a small contraction within non-food sales over the past year or so, Tesco has continued to dominate the non-food sector across the grocery market. While Tesco has reported small decreases across its general merchandise product ranges, it has been quick to develop other areas of the business, such as financial services, which it provides via Tesco Bank. Meanwhile, The Co-operative Group which already provides a wide range of services and has a strong high-street presence within the banking and pharmaceuticals sectors has recently expanded into the legal services sector, after becoming one of the first consumer brands to be granted Alternative Business Structure (ABS) status in the UK, following changes to the law. Companies Mentioned - ASDA Group Ltd - J Sainsbury PLC - Tesco PLC - WM Morrison Supermarkets PLC For more information visit http://www.researchandmarkets.com/research/c9...d_sales_in About Research and Markets Research and Markets is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
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