more supermarket news & analysis – Page 1014
-
News
Tesco vows to keep up the pressure
Tesco achieved zero inflation in its prices in the 24 weeks to August 9 and there will be no let up in the downward pressure on prices, warned finance director Andrew Higginson.Speaking at the announcement of its interims last week,...
-
News
JS majors on availability
Sainsbury has launched a major drive to improve availability in its stores.“Our internal measures say we are improving but our anecdotal evidence is that it is not good enough,” managing director Stuart Mitchell told the retailer’s annual...
-
News
How Sainsbury will deliver
Sainsbury has pledged to focus on growth and quality as it strives to rebuild its sales performance in what top bosses are now calling “the year of delivery”. Group chief executive Sir Peter Davis told suppliers at its annual conference that...
-
News
Co-op sheds 75 Alldays stores
The Co-operative Group has sold 75 Alldays stores that fall outside its trading area to fellow retail co-operatives.Midlands Co-op and Oxford, Swindon & Gloucester Co-op have picked up the lion’s share of the disposals, acquiring 30 stores...
-
News
Morrisons eager for Safeway decision
Morrisons said that its 10.2% interim profit was pegged back by £6.6m of costs relating to its bid for Safeway.Executive chairman Sir Ken Morrison said the referral of its proposed merger by the OFT to the Competition Commission had created...
-
News
Waitrose fresh sales boost
Waitrose has seen interim like-for-like sales rise 5% as the supermarket group focused on its fresh food offer and well-maintained availability. Sales for the six months to July 26 rose 11% to £1.3bn boosted by new branches opened in the...
-
News
Morrisons sales soar
Morrisons has seen interim total like-for-like sales jump 9.6% on the back of increased footfall and customer loyalty.For the period to August 10 pre-tax profit rose 10.2% to £126.2m from £114.5m, while turnover increased by 14.8% to £2.5bn....
-
News
The Co-op divvies up some Alldays stores
The Co-operative group has sold 75 Alldays stores to other retail co-ops as it looks to refit and rebrand the Alldays chain.Midlands Co-op and Oxford, Swindon & Gloucester have acquired 30 stores each, Colchester and Ipswich Co-ops seven...
-
News
Tesco wants more
Tesco has posted strong first half results with a warning to rivals that its share of the total UK retail market was “just 12.3% – and there is a lot left to go for”.For the six months to August 9 pre-tax profit jumped 17.4% to £628m on...
-
News
The man for Tesco’s top commercial and trading role when Gildersleeve retiresBrasher takes the mantle
Suppliers and rival retailers are expecting Tesco to take a different approach to buying once Richard Brasher takes over what is arguably the most important trading role in grocery early next year.Brasher was this week confirmed as the...
-
News
Reshaping at a critical time
News of Brasher’s promotion comes at a crucial time for the industry. Price competition is intensifying and the Safeway auction has the potential to change the way all food retailers do business in the future. Analysts say the appointment...
-
News
Landmark ruling poses threat to Tesco’s Ireland plans
Out-of-town centres planned by Tesco in the Irish Republic could soon be affected by what opponents are hailing as “a landmark decision” by An Bord Pleanala, the Irish planning board.The board has overturned county council approval for a...
-
News
Clarke and Brasher are key to Tesco reshuffle
Analysts say this week’s reshuffle of the Tesco board has highlighted one of the retailer’s key strengths: its ability to promote from within.Of the changes announced this week, the key ones were the planned promotion of Richard Brasher to...
-
News
The boy George leaves home
Asda has let its favourite child loose in the high street with a confidence that appears well placed. Elaine Watson reportsSupermarket clothes were a bit of a joke 10 years ago: cheap, and a bit nasty. Wander into Leeds or Croydon...
-
News
An alternative energy solution from Wellman
Vitabiotics has launched what it claims is the first energy drink developed solely to meeting men’s nutritional needs. Positioned as a natural alternative to high caffeine energy drinks, Wellman High Performance is available in Sainsbury stores....
-
News
M&S builds platform for growers
Marks and Spencer is rolling out its Meet the Farmer programme, in which farmers and growers have the chance to sound out the views of more than a million consumers in total.The rollout into 25 flagship stores over the next six month comes...
-
News
Promos put Stella ahead
Tesco leaps ahead in the fascia chart to take the top spot, closely followed by Sainsbury in second place. Tesco is particularly strong on alcoholic drinks, household and health and beauty and makes good use of bogofs and other multibuy...
-
News
Tesco must work to tailor its offer
In an article last month which assessed the impact that the proposed new Tesco in Hove is likely to have on independent retailers, the majority of retailers and residents expected to see nothing but benefits (The Grocer, August 23).However,...
-
News
Sainsbury ad for fruit ‘not misleading’
Watchdogs have dismissed claims that a Sainsbury poster implied its strawberries were picked in the morning and sent straight to its supermarkets. The poster stated: “Our strawberries travel from field to store in less than a day and are...
-
News
Legal chief Longworth leaves Tesco for Asda
Tesco’s group trading law and technical director John Longworth is moving to take up a similar post at Asda.Longworth will join in November as executive board director for external affairs. His responsibilities will include government...