more supermarket news & analysis – Page 1104
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Online trading exchanges: Big wins' are on the way
Sainsbury says its membership of GlobalNetXchange will start paying off early next year when the majority of its b2b projects kick off in earnest. The supermarket chain claims to have already made savings via the online trading exchange greater...
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Carrefour invests E1.2bn in Spain
Carrefour is boosting its Spanish operations with a 1.2bn euro investment just weeks after Dutch rival Ahold revealed it too was planning to take a bigger slice of the market. The four year plan will see Carrefour double its portfolio of...
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Shareholders: People to take note of
The arrogant high street giants of old are up against unprecedented shareholder anxiety and impatience as they fight to recover. Robert Heller reports on the threat of people power The trials and tribulations of Marks and Spencer and Sainsbury...
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Multiples: Tesco aims long and high
Chain looks to a big slice of non food and speedy growth overseas Tesco set itself ambitious growth targets as it reported a 9% rise in its interim pretax profits to £415m on turnover of £10.1bn. Chief executive Terry Leahy said: "We are...
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Sainsbury accelerates NPD with a Difference
Exclusive Julian Hunt Sainsbury is aiming to blow Tesco Finest out of the water with the launch of a premium own label range dubbed Taste the Difference. The range will start appearing in stores next month and Sainsbury has boldly predicted that...
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BEEF: Butter and butchery still closely linked trades
Milk price rise highlights dairy sector's role in meat industry Meat buyers dependent on home produced beef supplies may have a slightly more secure trading outlook following the latest round of milk price increases, led by Asda and Safeway....
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Internet shopping: Budgens gives up online plan
Budgens' decision to pull the plug on its online shopping service just months after announcing plans to boost the offer has baffled rival operators. Tesco.com chief John Browett admitted he was "stunned" by the decision. Three months ago...
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In the city: Just who would buy beleaguered Marks and Spence
Another Marks and Spencer corporate cull began last week as chairman Luc Vandevelde welcomed new blood to the board. But fresh arrivals Roger Holmes and Roger Norgrove did little to allay City concerns about poor performance. Holmes will join from...
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Multiples: Morrisons' profits leap despite tighter margins
Morrisons has had to trim margins to maintain its level of growth, but still managed to push pretax profits before exceptional items up 9.1% to £86.4m. In the 27 weeks to August 6, turnover was £1,709m, up 15% on the same period last year. MD John...
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Food and home for Wharf
Waitrose's fourth Food and Home supercentre will be built in London's Canary Wharf, it emerged this week. The store will have a 50,000 sq ft sales area, split equally between food and a range from the John Lewis department stores. The new Food and...
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Asda: Campbell exits next year
Asda deputy chief executive Tony Campbell is to retire early next year after 16 years with the company. However, the company has rejected suggestions that the move is linked in any way with the departure of Allan Leighton. In an internal memo...
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Terrorist' threatens Tesco
Dorset police are investigating a spate of parcel bomb attacks believed to be connected with a blackmail attempt to extort £1m from Tesco. Detectives were called in after a letter bomb exploded in the hands of an elderly man from east Dorset, and...
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Asda: Moss chemists bought
Asda says the "anti-competitive" retail price maintenance regulations governing dispensing chemists will not stop its programme of pharmacy expansion. The chain announced this week that it has bought 48 in-store Moss NHS pharmacies. The deal,...
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Republic of Ireland: Cuts stay says Tesco as IFA threatens b
Supermarkets in the Irish Republic are threatened with a petrol-style blockade by dairy farmers who claim they could be put out of business by the current price war. All the major chains Tesco, Dunnes, SuperValu, Superquinn, Aldi and Lidl have...
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In the city: competitors will be very hard put indeed to fin
If competitors cannot find anything to celebrate about Tesco's forthcoming interims (out September 19), their one consolation might be that the announcement is overshadowed by the fuel crisis. Tesco is widely expected to report 3-4% like for like...
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Christmas opening: Small stores outraged at Asda's appeal fo
Asda's decision to ask local authorities to turn a blind eye' to superstores flouting Sunday trading legislation over the festive season has enraged independent retailers. After a survey revealing that most customers are content with six-hour...
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News special: Allan Leighton quits
Action man behind the wacky image The first most Asda employees knew of Allan Leighton's shock decision to quit the business was when they got a highly charged e-mail from their charismatic leader. In the e-mail, entitled My Fond Farewell',...
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Ireland: Tesco ignites price war in the Irish Republic with
Tesco has set off a price war in the Irish Republic, slashing 20% off the cost of more than 50 food, drink and household products in its 75 stores across the country. Its big local rival, Dunnes Stores, has immediately hit back, with matching...
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Developing Sainsbury business
Webbs Country Foods has appointed two senior executives to develop its business with Sainsbury. Paul Savage, a former national accounts manager with Dairy Crest, becomes account director, reporting on progress with the £45m account directly to...
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International expansion: Polish planning threat looms
As foreign hypermarket operators race to win market share in Poland, a row has broken out over proposals to give local authorities (Gminas) greater powers to control planning permission for new developments. Tesco said it was concerned new laws...