Shoppers in the UK are paying more for everyday essentials at smaller convenience stores compared to their larger supermarket counterparts, according to a new study by consumer magazine Which?. The analysis reveals that popular supermarkets like Tesco, Sainsbury’s, and Morrisons are charging significantly higher prices for identical items at their smaller local stores, particularly for staple items like bread, milk, and breakfast cereals.
Shoppers relying on smaller convenience stores for groceries face higher prices, especially for basic items like milk, according to a new analysis by Which?. The consumer magazine found that milk, cheese, and other staples cost significantly more at Tesco Express, Sainsbury’s Local, and Morrisons Daily compared to their larger counterparts.
A new analysis by Which? has revealed that shoppers using Morrisons Daily convenience stores are paying significantly more than those shopping at larger Morrisons supermarkets. The price difference can add up to £832 per year, highlighting the disparity in costs for consumers who rely on convenience stores.
Shoppers using their Tesco Clubcard at Tesco Express are paying a significant premium compared to larger Tesco stores, according to a recent analysis by Which?. The consumer magazine found that customers are shelling out an average of £10 more per shop at Tesco Express, even with a Clubcard, potentially costing them an extra £520 over a year.
Casey’s General Stores (CASY) exceeded analysts’ expectations for its latest quarter, reporting earnings per share of $4.83, surpassing the Zacks Consensus Estimate of $4.54. However, while the company has performed well this year, its future prospects remain unclear. The Zacks Rank currently assigns a ‘Hold’ rating to the stock, indicating that it’s expected to perform in line with the market.
Marks & Spencer (M&S) is expanding its convenience store network across the UK, aiming to reach more customers in train stations, airports, hospitals, and other locations. The supermarket chain, recently crowned the UK’s best for its innovative and delicious food, plans to open at least 10 new convenience stores and revamp 50 existing smaller shops this year. This expansion aims to cater to both ‘food for now’ and ‘dinner for tonight’ shoppers, offering a range of sandwiches, snacks, and meals to go.
Japanese retail giant Seven & i Holdings announces plans to accelerate the global expansion of its 7-Eleven convenience store chain. The company aims to boost the number of stores by 18% to about 100,000 by 2030 and expand its presence to 30 countries and regions. This expansion is part of a broader restructuring strategy, which includes divesting from underperforming supermarket assets.
