more supermarket news & analysis – Page 1003
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Tesco to raise more cash
Tesco is said to be in talks to sell up to £600m of property to Topland, the private property group run by Sol Zakay, through the sale and leaseback of its stores.According to a report in The Times, the deal could involve Tesco selling about...
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M&S to open Per Una stores
Marks and Spencer could roll out up to 10 stand-alone stores this year to sell its Per Una women’s fashion range designed by George Davies.Press reports said that the first store is expected to open in London this summer.The reports...
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Sainsbury plans IT savings
Sainsbury said that a plans to buy the IT services intermediary Swan Infrastructure would reduce net costs by £25m starting from its 2004 financial year.Sainsbury group chief executive, Sir Peter Davis, said the move would simplify the...
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Tesco expands in Scotland
Tesco has opened its largest store in Scotland and its first to offer self-scan checkouts north of the border.Tesco Extra in Cumbernauld will compete with a nearby Asda to offer shoppers a 24-hour service. Meanwhile, Asda has won...
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Playing the field
n Carrying on like this, Asda is clearly thinking of partnering up with someone, some day. Andrew Pring wonders why the engagements keep collapsing In its ability to surprise rivals and observers alike, Asda is the joker in the retail pack. Last...
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Somerfield in franchisee talks
Somerfield is in talks with a number of independents about the roll-out of its new franchise package after a successful joint venture with TM Retail. Group finance director Steve Back said: “We’re not looking for franchisees with 300 stores but...
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City: ‘Savacentre is not working’
Sainsbury has sold its 71,000 sq ft Savacentre in Basildon to Asda and ruled out any new openings under the brand until it can get the non-food right. The move follows the sale of the Stockton Savacentre last year and the recent downsizing of...
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Retailers warned to keep up with vending
Supermarkets should develop a strategy on vending as the big brands embrace the technology, vending software specialist Vianet has warned.Vianet CEO Ian Orrock said big grocery retailers were falling “behind the game” on vending as caterers...
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A solo forecourt first for Waitrose
Waitrose has denied it is about to roll out standalone forecourt stores after opening its first in Portishead, near Bristol. The 1,500 sq ft store forms part of an Esso-branded petrol filling station on Portishead High Street and is a short...
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Asda gets price cutting
Asda became the latest multiple to announce a round of new year price cuts this week.Following the £70m of cuts announced by Tesco on January 5, Asda said it was taking £85m off prices, including £2m of cuts to offset VAT on 200 medicines. The...
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Safeway bosses’ exit raises alarm
The City has raised concern over Morrisons’ ability to integrate the Safeway business after it announced that Safeway’s operations director Lawrence Christensen and marketing and trading director Jack Sinclair would not join the new board once the...
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New Asda will be in bottom 20%
Asda’s 265th store was completed in Stevenage in December. The store represents an investment of £45m and forms part of the new Stevenage Centre, one of the biggest capital build projects for post-16 further education in the UK. Asda provided £20m...
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Tesco stuns withchain coup
Tesco stunned the convenience store sector with a £53.7m offer for upmarket London chain Adminstore this week.Tesco corporate affairs director Lucy Neville-Rolfe said that the multiple had been negotiating with the owners of the Adminstore...
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C-store chiefs fight deal
C-store bosses have called on the OFT to prevent Tesco from marching unopposed into the convenience sector.Musgrave UK executive chairman Eoin McGettigan, Spar UK MD Jerry Marwood and Big Food Group CEO Bill Grimsey said they would be sounding...
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Multiples fuel the forecourt battle
Forecourts face a challenging year as the UK’s big food retailers move up a gear with expansion plans, says Siân HarringtonPetrol forecourts are shaping up to be the big battleground for the multiples this year. Last week, Tesco chief...
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Asda says it’s standing by Saltire
A tartan labelling war has broken out between a political party and Asda.The Scottish National Party has accused Asda of ditching its Scottish credentials in sourcing its premium beef products, a claim hotly denied by the Wal-Mart...
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End of a London empire
Tesco’s takeover of Adminstore would mark the end of one of the leading c-store chains in and around London.MD Jitu Patel started out in 1979 when he began to build a chain of seven stores trading as Crispins Food and Wine and joined...
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Tesco expresses offer for Adminstore
Tesco has offered Adminstore £53.7m for its 45 convenience stores which trade as Europa, Harts and Cullens.Tesco said customers liked its Tesco Express format and the deal would bring “the Tesco shopping experience to more local...
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Cynful NPD on Guernsey
Guernsey’s last remaining brewery is planning a range of new product development on the back of winning a national listing with Tesco for its mild ale.Randall’s Brewery won a trial listing with the supermarket last year for Cynful ale after...
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Asda to drive down prices
Asda has chopped the VAT from its cold and cough remedies as part of an £85m price cutting package for the first three months of the year.Trading director at Asda, Angela Spindler, said: “Our customers don't see why they have to pay VAT on...