Channels news – Page 1017
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City expects 12% Tesco profit hike
Tesco is expected to announce an increase in profit of as much as 12% when it releases its annual results next week.Despite speculation that its US venture is struggling (see right), increasing competition from rivals and constraints on...
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Price Survey - 12th April 2008
Sainsbury's has stormed up the chart to become cheapest retailer for the first time in 11 months. The retailer's triumph comes after a turbulent six weeks in which Asda, Tesco and Morrisons have each scooped the title two times. But recent basket...
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Thresher mulls joint venture to sell branded food ranges
Thresher Group is sounding out a possible buying alliance with Musgrave Retail Partners GB.The off-licence specialist, which operates the fascias Threshers, The Local and Wine Rack, is considering a partnership through which its stores...
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McMeikan leaves Sainsbury's for Greggs
Ken McMeikan, retail director at Sainsbury's, has left the supermarket chain to become chief executive officer at high street baker Greggs.McMeikan, who has been on sabbatical from Sainsbury's since January, will take up his new role in...
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star order
Asda.com has won the Star Order award for shopping excellence for the second consecutive quarter.Our shopper logged into Asda's website without any problems and found it easy to navigate and locate all 33 products on our shopping list....
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Waitrose runs out of own-label pasta
Waitrose stores have completely run out of own label pasta - and other retailers could soon suffer the same fate. As predicted by The Grocer in February, supplies of durum wheat - the key ingredient of pasta - are close to running out...
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Somerfield and Woolworths team up in convenience trial
A tie-up between high street retailer Woolworths and Somerfield has surprised analysts in light of its potential sale.The chain revealed it would launch a convenience-focused food trial in three Woolworths stores in the next six months....
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Co-op buys stores from Sainsbury's
The Co-operative Group has bought 10 former Bells and Jacksons stores from Sainsbury's, adding 17,500 sq ft of selling space.It plans to invest almost £2.5m in rebranding and refurbishing the stores, which will be converted to its...
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Asda sizes up Benton's potential - Q&A and Availability
Outstanding customer service and a well-merchandised store have helped Asda's Benton branch in Newcastle upon Tyne pick up this week's Top Store award, strengthening Asda's position at the top of our customer service leader board. Our shopper was...
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What the papers said - 5th April 2008
Tesco has put the rollout of its US c-store chain Fresh & Easy Neighborhood Market on hold while it reviews its performance. The Telegraph said Tesco was understood to have called a three-month halt to the expansion after opening almost 60...
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Sainsbury's: on the road to restoring greatness?
As straplines go it was as much an admission of past failing as a bold statement of intent. The 'Making Sainsbury's Great Again' plan vowed to address the issues that saw Sainsbury's outmanoeuvred by first Tesco and then Asda as the former...
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Protests force Lidl to abandon hare sales
Lidl has withdrawn hare meat from sale in the UK following protests from customers and animal campaigners.The German discounter began a trial selling frozen hare meat in its UK stores at the end of last year, but this week said it was...
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Tesco sets the pace with hike of 0.5ppl
Tesco has increased the price it pays to its dedicated milk suppliers by 0.5ppl in a move that will put pressure on rivals to follow suit.The chain is now paying 28ppl, 6ppl more than a year ago when it launched its direct sourcing...
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Price Survey - 5th April 2008
It's tight at the top again but Asda has reclaimed the cheapest retailer title after a series of price hikes forced Tesco back to third place. Asda leapt from fourth place to first with a £48.88 basket, despite only cutting the price of one product...
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Ministry of Sound releases new vodka
Dance music label Ministry of Sound is moving into the vodka market this month.Ministry of Sound Vodka is being released in the on and off-trades and will initially be available in 240 Sainsbury's stores, priced at £12.99, and in clubs....
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Tesco to roll out local supply of strawberries
Tesco is extending its scheme to supply locally produced strawberries to stores across England.Last year Tesco carried out a trial in Kent in which strawberries produced in the county were stocked in its Kentish stores.The scheme...
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Ocado: Tesco's 'rubbishing' led to record Sunday orders
Ocado claims Tesco's negative advertising campaign over the price-match battle between the two retailers has backfired, as Ocado's sales shot up. "On the day Tesco placed ads rubbishing us, we had our record number of orders on a...
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Tesco's online clothes pulled
Tesco has removed its online clothing range less than six months after it was launched, pending a review of its performance. A spokeswoman denied the move was a result of poor sales, saying the trial, which started in November, had...
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Sainsbury's: we can defy the downturn to sustain growth
Sainsbury's was in buoyant mood this week after exceeding its three-year sales growth targets by almost 10% and said it was confident it could maintain the momentum.At its fourth-quarter trading update, it revealed it had delivered...
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M&S bunny reassures over testing
From this week all Marks & Spencer household and beauty products will carry a leaping bunny logo certifying they have not been tested on animals.The retailer has introduced the logo to all 1,200 household products from lavender laundry...