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Tesco takes the gloves off as Christmas price war hots up December 6, 2009 Britain’s biggest retailer Tesco has launched its most aggressive Christmas discount drive, designed to blow its upmarket rivals out of the water. The supermarket giant is slashing the prices of more than 200 products in its Finest range in a bid to stop shoppers defecting to Waitrose and Marks & Spencer for luxury food treats. [...]
Tesco to tie up with C&W November 19, 2009 Tesco, the UK’s biggest supermarket, is set to spark a price-war in the telecoms sector when it ties up with Cable & Wireless. The new venture will threaten rivals BT, Virgin Media and Carphone Warehouse. The tie-up is forecast to generate £2bn in annual sales and £200m in yearly profits over the medium term.
Asda launches price cuts as discount war hots up November 12, 2009 ASDA has raised the stakes in the Christmas price war by slashing £150m from the price of products in a discount drive designed to put pressure on its rivals. Asda, which has based its marketing on being the cheapest of the big four supermarkets, said consumers were still unwilling to part with cash. A day [...]
Debenhams kicks off retail price war November 16, 2009 Debenhams yesterday announced it will be slashing £250m off prices in a four-day sale this week, in a move which it predicts will spark a price war similar to the frenzied discounting seen last Christmas. Rival Marks & Spencer’s executive chairman Sir Stuart Rose, said earlier this month he did not expect a repeat of [...]
Tesco is serious about building a profitable telco November 26, 2009 It’s hard to think of two brands more different than Apple and Tesco. One is famed for its sleek gadgets, while the other piles high and sells cheap the kind of electronic goods that wouldn’t look out of place in a Latvian discount store. A Lodus television and a Technika DVD player might be cheap, [...]
WHAT THE OTHER PAPERS SAY THIS MORNING November 3, 2009 FINANCIAL TIMES INDIA SOLD ON GOLDGold surged to an all-time high after India bought 200 tonnes of the precious metal, swapping dollars for bullion as the finance minister warned the economies of the US and Europe had ‘collapsed’. India’s decision to exchange $6.7bn for gold equivalent to eight per cent of world annual mine production [...]
Next claims Tesco copied clothing line September 20, 2009 TESCO, the supermarket famed for its aggressive price war tactics, was yesterday batting away allegations that it has illegally copied clothing ranges from fashion retailer Next. Next has filed claims with law courts alleging the supermarket has lifted up to five clothing lines – and stolen two design motifs originally designed by Next. Tesco denies [...]
Sainsbury’s ramps up price war November 17, 2009 J Sainsbury has fired another shot in the supermarket discount war by matching Tesco with a buy one, get one free later offer. The offer, which has been welcomed by food waste campaigners, allows shoppers to pick up their free product when they want it via a voucher system. Sainsbury’s said its offer will also [...]
Violet Hue October 18, 2005 Tchenguiz is the last man standing in the race for Somerfield. Another one bites the dust. Amid talk of a high-street bloodbath in the run-up to Christmas, Somerfield has joined the lengthening list of retailers opting to leave the glare of the stock market. Of course, the announcement surprised no one. Somerfield has been on [...]