more supermarket news & analysis – Page 960
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News
Best buys might have to go
The Competition Commission could force Somerfield to sell the two Safeway stores that best fit its customer base as they give the retailer a dominant market share, according to exclusive research for The Grocer.The watchdog is probing 23 of the...
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Spar confident of recruits as two more Maces desert Somerfield
Two more Mace retailers have defected from Somerfield to Spar in Scotland, fuelling speculation of a mass exodus.Stores at Glencoe, near Fort William, and at Inverness will join Spar after handing in their notice to Somerfield. And Spar...
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Nectar to be squeezed
Sainsbury is aiming to squeeze more out of its Nectar loyalty scheme, after it reported a collapse in annual profits this week from £610m to £15m.The supermarket is planning to include fmcg brand offers for the first time. In the past it has...
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Somerfield sells Mace in Scotland
Somerfield is to sell its interest in the Mace wholesale business in Scotland to Palmer & Harvey McLane in a bid to focus on its core retail estate.This follows a torrid time for Mace in Scotland. In the last few weeks 10 c-stores have left...
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Two Morrisons products withdrawn
Two own-label products from Morrisons have been withdrawn from sale.The products – Morrisons Bettabuy chicken casserole and Morrisons Bettabuy stewed steak – were withdrawn after routine tests detected traces of peanut that aren’t mentioned...
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Sainsbury on the road to recovery
It’s early days, but Sainsbury’s results out today show it is taking the first tentative steps on the road to recovery.Sainsbury revealed that total UK supermarket sales were up 5.1% to £16.1bn for the year to end March 26, compared with...
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Asda recalls fruit cocktail
Asda has recalled its own-label canned fruit cocktail in Apple Juice.Asda said that the product had been recalled after routine tests detected raised levels of tin in a small number of cans.Product withdrawal notices have been placed...
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Shades for ethnic hair
A Japanese hair colourant specially formulated for Asian and Afro hair has won a listing in Tesco.Bigen has been available in ethnic stores in the UK for 10 years but sales director Yatin Kotak decided it was time to enter the mainstream...
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United’s bid: who’s in the shadows?
Is United Co-op’s Peter Marks bidding for Somerfield on behalf of several societies? And should it take heed of the lessons from Morrisons’ acquisition of Safeway? Fiona McLelland reportsUnited Co-operatives surprised everyone last...
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Teething troubles overseas
Tesco is experiencing mixed fortunes on the international scene, with patchy performance in certain countries. Glynn Davis reportsTesco’s strategy for world domination is well under way. According to international operations director...
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We care, for peat’s sake!
The Co-operative Group is claiming to be the first major UK retailer to stock peat-free salad cress. In an effort to conserve Britain’s vanishing peat bogs, a key wildlife habitat, the retailer’s salad cress is now grown on pesticide-free cellulose...
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Co-ops hungry for growth
United Co-operatives’ surprise entry into the bidding war for Somerfield could be a front for a joint co-operative bid.Although chief executive Peter Marks initially signalled he had no intention of joining any other bidding groups, United ...
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Tesco says it is on global fact-finding trail
Tesco this week denied a move to the US was inevitable, but confirmed that former trading director Colin Smith was on a fact-finding mission (The Grocer, May 7, p4). Tesco international operations director Philip Clarke said it was possible...
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Ambassador for PayPoint
PayPoint has recruited Mike Igoe, brand development manager at Sainsbury-owned Jacksons Stores, to woo retailers dissatisfied with the margins it offers on services.He will manage the utility payment network’s relationships with retailers, its...
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Tesco takes on the discounters
Tesco has admitted it needs to meet discount retailers head on, acknowledging the threat that is posed by the sector to its global growth.Speaking at this week’s IGD Global Retailing 2005 conference, international operations director Philip...
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Sainsbury bolsters its c-store supply chain
Sainsbury is strengthening its convenience supply chain and overhauling its in-store offer to help meet its sales growth plans for the next three years.The company has created two key positions: head of supply chain and head of IT for...
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£3bn for Tesco by 2009?
Tesco is set to turn in a kingsize annual profit of £3bn a year by 2009, according to a leading City stockbroker.The retailer itself sought to play down future projections when it became the first British retailer to smash through the £2bn...
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Second retailer goes
A second Somerfield at Mace retailer has left in as many weeks, again claiming to be fed up with the wait for the new dual-branded fascia to arrive.Innes MacDonald, who owns single Mace stores at Conon Bridge, Ross-shire and Inverness, is...
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Co-op names new chief executive for food retail
The Co-operative Group has moved quickly to appoint a new chief executive for food retail after Eoin McGettigan’s surprise announcement that he is leaving after three months in the job.Former joint managing director of Marks and Spencer Guy...