more supermarket news & analysis – Page 1041
-
News
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...
-
News
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...
-
News
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...
-
News
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...
-
News
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...
-
News
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...
-
News
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...
-
News
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...
-
News
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...
-
News
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...
-
News
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...
-
News
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...
-
News
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...
-
News
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...
-
News
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...
-
News
Press round-up
Philip Green will enter talks with the OFT on Monday about his proposed bid for Safeway, the Sunday Times reported. The paper added that Irish grocer Superquinn’s share of the grocery market has declined over the past six months.Taylor Nelson...
-
News
Press round-up
MPs are to campaign for the current Planning Bill to be rewritten to stop supermarkets from expanding without planning permission by building mezzanine floors inside existing stores.After Asda almost doubled its floorspace at an out-of-town...
-
News
Press round-up
Tesco and Marks and Spencer could face a consumer boycott over RFID smart tags – used to improve supply lines, to tackle product recalls and refine marketing – as civil liberty groups say the information could be used to snoop on people.The Mail...
-
News
Press round-up
Bidders vying to take over Safeway will this week discover what they must do to seize control of the supermarket group.The Times said that the Competition Commission will tomorrow publish the hypothetical remedies that may be required from...
-
News
Press round-up
Sainsbury has indicated to some investors that it could sell about 70 of its 535 stores. The supermarket told the Mail on Sunday that the proposal was in its early days and was part of a plan to replace poorly performing stores with sites in better...