more supermarket news & analysis – Page 994
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Asda praised for quarterly results
Wal-Mart singled Asda out for praise as it reported $2.2bn (£1.2bn) profit for the first quarter to April 30 this week.It said Asda had outperformed its supermarket rivals in the UK on food over the quarter, which started on February...
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M&S chairman's contract was challenged before
The Marks and Spencer board was told more than a year and a half ago that non-executive chairman Luc Vandevelde’s £450,000 pay packet and outside concerns would cause problems.Non-executive director Tony Ball, who was then also chief...
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Sainsbury agree new deal with Jamie
Sainsbury have signed a new deal with celebrity chef Jamie Oliver to continue as the front man for their forthcoming advertising campaigns.The 12-month deal will earn the chef £1.2m compared to the £900,000 he received for his last campaign....
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M&S to part company with Vandevelde
Marks & Spencer is parting company with chairman Luc Vandevelde after he said he could no longer devote enough time to the business.The M&S board is understood to have taken action after senior directors and big investors demanded that...
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Uniq buys Minsterley desserts business
Uniq has bought the Minsterley desserts business from Northern Foods for £16.5m.Shropshire-based Minsterley is a manufacturer of own label desserts, which are sold principally under the Marks & Spencer and Asda retailer brands. It also...
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Co-operative Group buys Conveco
The Co-operative Group has purchased the Conveco c-store chain for an undisclosed sum.The 64-store chain, 38 of which trade under the Spar fascia, is based in the West Country and is ranked 23 in The Grocer Top 50.Commenting on the...
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Spotlight on frozen food
>>TESTING HOW STORES PERFORM ON A THEMED SHOPPING BASKETOur mystery shoppers searched the freezers for 10 specific items this week and not one returned with a full basket.Asda in Hyson Green did not stock Wall’s Balls...
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Legal costs force FWD to abandon OFT action
Wholesalers have abandoned their legal challenge to the OFT’s decision to allow Tesco’s takeover of the Adminstore c-store chain because of fears they could be forced to pay huge legal bills.Last month the Federation of Wholesale Distributors...
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The fifth force in food retailing
With the realignment of the top end of the grocery trade now probably complete with the takeover of Safeway by Morrisons, the focus is on changes in convenience and high street retailing. This week Somerfield said group like-for-like sales...
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Caring is a team effort
Excellent customer care is crucial to business success today, but it is essential that managers go beyond theory and get their staff to buy in to the whole process says Christine HayhurstMorrisons recently came top of a poll exploring...
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Small business delivery launched by Somerfield
Somerfield has launched a delivered wholesale operation targeting village stores, B&Bs, schools and nursing homes. The Business Delivery service, which is being trialled from 38 Somerfield stores, targets businesses that don’t have time to...
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Customer loyalty
Asda has greater customer loyalty than Tesco or Sainsbury, according to new research from customer loyalty experts TARP. In an online survey of 1,200 consumers, 32% of Asda shoppers said they would always shop at Asda if possible. This compared to...
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Kwik Save’s growth boosted by own label success
Kwik Save moved into positive like-for-like sales in the second half, with 1% underlying growth boosted by store refits, the success of its new own label range and improved store standards.Somerfield posted 1.8% like-for-like sales growth in...
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Kwik Save dies in Scotland
Somerfield is ditching the Kwik Save brand in Scotland with the closure of 22 unprofitable stores and the £20-30m conversion of the remaining 29 to the Somerfield fascia.Somerfield executive chairman John von Spreckelsen said the 22 stores...
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Broadhurst joins Uniq as commercial director
Uniq Prepared Foods, the UK division of Uniq, has recruited Somerfield commercial director Nigel Broadhurst in the same role. His move coincides with the appointment of Jed Kenrick, previously group organisation and change director at Uniq, as MD of...
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Frozen food buying team boosted at JS
Sainsbury has made a series of buying appointments to its frozen food buying team as it seeks to develop its portfolio of products in the category.Tessa Jones has been made frozen food buying manager.She has worked for Sainsbury for...
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JP Chenet woos Tesco
France’s bestselling wine brand, JP Chenet, has won its first listing in Tesco.The brand, with its distinctive twisted neck bottle, is sold in most other UK multiples and cash and carries, but has only just got a foot in the door at Tesco with...
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Sainsbury non food plans
Sainsbury has struck deals with three leading designers to create an exclusive new range of lifestyle products called ‘by’.Cookware designed by Terence Conran, cut flowers and planted arrangements from Orlando Hamilton and home accessories...
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Scotland Waves Goodbye To Kwik Save
Somerfield has announced plans to ditch the Kwik Save brand in Scotland.The multiple said it aimed to close 22 Scottish Kwik Save stores altogether because they were in poor locations and were not sufficiently profitable.The...
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Glisten appoint former M&S boss
Chocolate and sugar-based confectionery maker Glisten has appointed Guy McCracken as a non-executive director.McCracken is a former joint managing director of Marks and Spencer. He is currently chairman of food company Duchy Originals and a...