more supermarket news & analysis – Page 925
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Somerfield sharpens up
Somerfield's new trading team is already making a big impact following a series of price cuts to refocus its value position. When former Asda boss Paul Mason and former Tesco grocery trading director Colin Smith joined Somerfield...
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In Brief: Falling out; Sweet success; RHM expectations; Icy integration; Dual branding
Sainsbury was due to make a decision on the future of its relationship with the British Retail Consortium as The Grocer went to press. The retailer fell out with the BRC last month and suspended its membership through April. A...
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Concept store to boost online grocery service...
Tesco has come up with a new concept to boost its grocery offer - but it is a store that customers will never be allowed to enter. The first Tesco.com-only store opened in Croydon, south London, in February. Although from the...
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... as Sir Terry reports £2.2bn profit
Tesco reported record profit this week of £2.2bn, but its growth in recent months slowed to its lowest in four years. Tesco chief Sir Terry Leahy admitted that it was now growing slower than some of its competitors, following...
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New look booze team gets the Wright stuff
Asda has restructured its buying team for beers, wines and spirits to create a new role of general manager for wine. Linsey Wright, currently Asda's general manager for chilled ready meals, joins the wine team on May 15. She will...
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Asda launches estate agency
As predicted by The Grocer last week, Asda is launching the first-ever supermarket estate agency in the summer.Homes@Supermarkets will be trialled in the north east initially, with a plan to roll it out nationally early next year under the...
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Seeing the bigger picture
The future looks bright for the Henderson Group, says Ronan HegartyMartin Agnew, MD of Henderson Wholesale, believes that the arrival of Asda on the Northern Ireland retailing scene has acted as a catalyst for those in the independent...
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Tesco makes bumper profit
Tesco has recorded a 17% increase in underlying profit to £2.25bn in its full-year results.In full-year results to February 25, the retail giant said that its group pre-tax profit increased 16.7% to £2.21bn, on group sales up 13.2% to...
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Tesco results expected
Tesco is expected to reveal full-year profits of £2.2bn tomorrow.Analysts are predicting that the UK's number one supermarket group will unveil group sales of approximately £38bn and pre-tax profit of £2.16bn-£2.2bn.They have also...
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Tesco puts availability on ice
Finally Easter marks the transition between winter and spring. The weather bucks up and the clocks change. Some things, however, stay the same. Somewhere across the country a shopper fails to find something they would dearly like to...
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Waitrose line-caught move for cod, haddock
Waitrose has become the first supermarket to ensure all its fresh and smoked cod and haddock is line-caught - and plans to increase its range of line-caught fish later in the year. Line catching uses baited hooks instead of trawled nets. By...
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Wage hike hits retailers
Independent retailers fear the 6% increase in the national minimum wage planned for October 1 could have detrimental consequences for their businesses, leaving some unable to pay themselves the lowest rate of pay. According to The Grocer's...
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Tesco sells diamond rings
Tesco has started selling diamond solitaire rings in its stores.The rings, ranging from a £47 1/10th carat stone in a 9ct gold setting, to a £1,297 one-carat diamond in an 18ct gold setting, will be sold in 26 stores.Alison Ladd,...
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Sainsbury regains number two slot
Three years on from losing the coveted position of number two supermarket by sales, Sainsbury's sales growth since January has been strong enough to help it overtake Asda and regain the second from the top spot.With more people...
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Compass points to sale
A travel retail shake up is on the menu. Rachel Barnes reportsMarks and Spencer's Simply Food format could be ripe for expansion following the announced sale of catering group Compass's travel arm Select Service Partner.The...
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Getting down to the Essentials
Liz Hamson assesses the approach being taken with the multiple's sixth formatThe doors of the 317th Asda store opened on March 31. The number may have no significance but the store certainly does. Asda Essentials is the first of the...
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Retailers dobattle to exploit demand for TVs
The major multiples are ramping up activity on home entertainment ranges, with both Tesco and Asda stocking up on LCD televisionsElectrical appliances geared towards home entertainment are proving big business for the...
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Tesco talks beef with 'friends'
Tesco has held crisis talks with beef farmers and processors about how it will secure future stocks of beef.The retailer convened a meeting of leading suppliers last week to discuss supply arrangements for beef against a backdrop...
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Look, let's talk this over
Asda chief operating officer Dave Cheesewright has called for aggrieved suppliers to phone him directly to report any alleged bullying by his team of buyers without fear of reprisals.Speaking exclusively to The Grocer, the Asda...
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Milk war triggers new FFA militancy
Farmers For Action is set to resume its programme of direct action against retailers, with Asda its key target.The group has been quiet since chairman David Handley was beaten by Peter Kendall in the National Farmers' Union...