Channels news – Page 1235
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News
Somerfield says brewers must share flak
Rosie Davenport Somerfield has defended its decision to slash the price of beer to a record low over Christmas, blaming brewers for chasing volume in the market. The retailer hit back at criticism for pricing a 24-pack of Carlsberg at £8.99,...
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Asda takes The Grocer 33 to all-time low
Asda has yet again driven The Grocer 33 shopping basket to an all-time low, with its Harpurhey store north of Manchester charging £36.43 for our full list. The store is located in a low income area with Kwik Save next door. There were plenty of...
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Tesco to trial RFID tags
Tesco is to trial radio frequency identity tags to improve availability and stock levels and which could feature on food products to alert staff which items are close to sell-by dates.The smart chips will relay information as to which...
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A touch of class
Somerfield is rapidly building up a reputation as a serious wine retailer, says Tim Palmer Somerfield would never claim to have led the way in the development of the wine trade in the grocery business, but as the sector has grown in importance...
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Tesco works to tap into media owner potential
Siân Harrington Tesco is to pilot third party advertising on the sides of lorries leaving its Livingston depot as it seeks new ways to generate revenue by positioning itself as a media owner. The UK's largest retailer is also undertaking a...
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Press round-up
Air Miles, a British Airways subsidiary, has fallen £11m into the red after profits of £8m last year, reported The Business. The reward scheme operator severed ties with Sainsbury last year and began a new deal with Tesco. AirMiles blamed the losses...
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Weekend press round-up
Supermarkets could be allowed to operate at motorway service stations with formats such as Tesco Metro and Marks and Spencer’s Simply Food, according to the Sunday Telegraph.The paper said current operators such as Moto, Roadchef and Welcome...
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Press round-up
The Co-op Group is eyeing up TM Group, the newsagent and convenience-store operator, valued at about £200m, said the Sunday Telegraph. The chain’s owners, HSBC Private Equity and Electra Partners Europe, have appointed Goldman Sachs, the...
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Press round-up
In response to the price cuts announced by Tesco and Asda, communications director at Safeway, Kevin Hawkins, told the BBC’s Radio 4 Today programme that he viewed the reductions with a big touch of scepticism. He said: "We have these so-called...
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Weekend press round-up
The Business reported that Wal-Mart and Sainsbury are to fight for Safeway with independent bids to scupper the Morrisons takeover.The Sunday Times said Sainsbury boss Sir Peter Davis wants to move quickly on Morrisons all-share deal for...
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Press round-up
Marks and Spencer is being sued for 60m euros by French retail chain Galeries Lafayette, in a dispute following the UK firm's decision to pull out of France in 2001.The Times said Galeries Lafayette is claiming compensation for having to fund a...
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Weekend press round-up
Sainsbury has written to suppliers asking them to try to cut costs by 5% and pass on the savings in lower prices, according to the Financial Times. The supermarket has offered to help the suppliers reduce their cost base, offering...
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Press round-up
Supermarket supplier Northern Foods is under pressure from shareholders for a shake-up after a profits warning.According to the Financial Mail on Sunday at least one major shareholder has asked to see chairman Peter Blackburn.Tesco's...
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Weekend press round-up
Many Safeway staff may not get Christmas bonuses this year after the supermarket failed to hit performance targets, reported The Times on Saturday. Store managers and employees responsible for the fresh food departments and who have met...
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Press round-up
Somerfield will revalue its 1,300-store property portfolio in its full-year results in July, in an attempt to justify its rejection of a 120p-a-share bid approach from entrepreneurs John Lovering and Bob Mackenzie.The Daily Telegraph said that...
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Press round-up
Sainsbury is to recruit an extra 10,000 staff in a drive to cut supermarket checkout queues. Retail director Adam Fowle told the Mail on Sunday that research among people who shop at different supermarkets showed “that we are still a long way...
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Sainsbury to table a bid for Safeway
Sainsbury this morning said it is to consider tabling a £3.5bn cash and shares bid for Safeway which trumps the offer made by Morrisons last week.Chief executive Sir Peter Davis said that Sainsbury had identified Safeway as a possible target...
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Press round-up
Asda increased its sales by 13% last year, according to previously unpublished company accounts. The Guardian said turnover rose to £12.1bn boosted by its George clothing range and other non-food products. The accounts revealed that the...
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Press round-up
Asda and Morrisons could launch a joint £2.7bn bid for Safeway. City bankers told The Observer that Asda was ready to help Morrisons if BHS owner Philip Green makes a counter-bid next month. Bankers told the paper that Morrisons would be...
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Press round-up
The Nectar loyalty launched last year by Sainsbury, Debenhams, BP and Barclaycard has signed up more than 12 million households, according to the Financial Times. Meanwhile Sainsbury has launched its homeware and cookery range, including...