Deliveries hit the Big Four supermarkets for £500m as 'they lose £5 to £7 on every online order'



The soaring popularity of grocery delivery has left a £500million black hole in the profits of Britain’s biggest supermarkets which will worsen as more shoppers use the service.
Dan Murphy, a partner at global retail consultants Kurt Salmon, is warning that supermarkets are caught in an ‘Emperor’s new clothes’ scenario and have ‘blinded themselves to the reality’ of the loss-making nature of food delivery.
‘They lose between £5 and £7 on every order and the more orders they attract and more it grows the more they lose,’ he said.
Murphy said retailers were aiming to boost their online... read more

 
8 October 2016 in Business, Views: 50
Source: Daily Mail
Share:
  •  





    News Widget for Webmasters



    Bring Eugene's son back home immediately

    Realtime News

     

    «
    »
    Mo Tu We Th Fr Sa Su
          1 2 3 4
    5 6 7 8 9 10 11
    12 13 14 15 16 17 18
    19 20 21 22 23 24 25
    26 27 28 29 30 31