Channels news – Page 1159
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Hard times
2004 is a year Sainsbury will want to forget, with its first-ever loss and a failed £140m investment in IT. Can its new CEO turn its fortunes around? Elaine Watson reportsIf 1992 was an annus horribilis for the House of Windsor, 2004...
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Chain of disasters
Was Sainsbury’s automated fulfilment system flawed from the start or was it just badly executed?Tesco may have stolen a march on its rivals in the 1990s when it came to investing in its supply chain, conceded Sainsbury’s director of...
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Movers of the year
There’s been turmoil in the jobs market this year as some big names have left the grocery world. Other executives have found new roles in the sector. Safeway’s big guns – chief executive Carlos Criado-Perez, director of...
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The movers who are shaking up the industry as they pick up those top jobs
> > Review of 2004Justin King became chief executive at Sainsbury in March. Nine months, the first recorded loss and several profit warnings later, he is fighting to restore JS.After Roger Holmes’ departure from M& S,...
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Blueberry sizes up
Sainsbury is stocking what it describes as a giant blueberry.The size of a grape, it is three times larger than the usual variety. Fruit buyer Craig Sibbitt said: “Blueberries have long been known as power packs of nutritional goodness, and...
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Mince prices starting to firm
There are signs that the fresh beef price war is cooling after it emerged minced beef prices have risen in the stores of arch-rival retailers Tesco and Asda.According to data generated by The Grocer 33 price survey (see p26), the on-shelf cost...
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Exodus from The Top 50
Relentless consolidation saw chain after chain snapped upTesco kicked off the feeding frenzy with Adminstore in January and before the ink was dry on The Grocer Top 50 in February, everyone and their dog had joined in. By...
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Pledge from La Baume
Languedoc brand La Baume is promising the latest releases in its £6.99 Selection range combine the best of French and New World techniques.Waitrose is the first UK stockist of the two wines – La Baume Selection White 2002 which is a blend of...
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Tesco pushes up December food sales
Food sales in the early run up to Christmas would have been the worst ever – if they had not been bolstered by massive increases at Tesco.The industry has grown at a steady rate of 3.2% in the four weeks to December 5, according to TNS data....
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Keen eye on promotions
Spar retailer and wholesaler for Scotland, CJ Lang, has made Safeway business development manager Sean Scrimger its promotions manager. Spar Scotland said the creation of this new role was to reflect the growing importance of promotional...
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Tesco to overtake global competitors
Tesco will overtake international rivals Metro and Ahold to gain third position in the global grocery retail league by 2010, according to a report from IGD.If growth is maintained at an annual rate of 9.6%, Tesco’s global sales will soar from...
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Retailers yet to back OTM beef
The big retailers are refusing to commit to stocking over 30-month beef when the OTM rule is abolished, probably some time next year.Tesco, Asda, Sainsbury, Morrisons and Somerfield all stopped short of pledging to sell products made from the...
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Restaurant-quality food from Iceland
Iceland has introduced a “restaurant-quality” range of frozen prepared foods into 100 stores in the run up to Christmas after a successful trial with the products at its store in Sudbury.Recently refurbished stores have been chosen to sell the...
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Asda lands on the Monopoly board
Siân Harrington heads back to the Old Kent Road, where it’s Go for a stylish Asda store, its 21st within the M25When local developer Toby Atkinson spied a brownfield site from the top of a double-decker bus on London’s Old Kent Road,...
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Brewers blast big booze cuts
Brewers have accused Sainsbury of destabilising the beer market after slashing prices to as low as 33p a bottle to increase festive footfall – one of the cheapest deals available on leading brands.The supermarket ran a five-day promotion ending...
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Sainsbury debt drops closer to junk status
Sainsbury’s debt has been downgraded to within one notch of ‘junk’ status by Moody’s the ratings agency.The rating on £1.9bn of Sainsbury debt has been reduced by Moody’s from Baa2 to Baa3, and the agency stated that even this was a weak...
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Tesco to overtake global competitors
Tesco will overtake international rivals Metro and Ahold to take third position in the global grocery retail league by 2010, according to a new report from IGD.If its growth continues at an annual rate of 9.6%, Tesco’s global sales will...
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Tea towel and mince pie sales start festive season
Tea towel sales are booming this month as parents use them for headdresses for their kids’ Nativity plays, according to Sainsbury supermarket. The retailer has had to order extra supplies to fuel this demand during the festive season, which...
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Heinz chills soup
Heinz is throwing its soup brand into fridges for the first time with the launch of a range of chilled offerings in Tesco.The new range compromises four varieties, all packed in 500g transparent pots, which will retail at £1.49.The...