Is Waitrose boss Mark Price right that the Big Four supermarkets are “20 years out of date”? James McGregor, director of Retail Remedy, says Yes. Mark Price is correct that structural shifts in retail are a far bigger threat to the Big Four (Tesco, Sainsbury’s, Asda and Morrisons) than Aldi and Lidl. Yes, the discounters are a problem, but they’re not the big problem. The main issue is that people’s grocery shopping [...]
As BlackRock sells Tesco shares, has the grocer been permanently damaged by recent events? James McGregor, director of Retail Remedy, says Yes. Tesco’s admission this week that it had overstated its declining profits by £250m was one hell of a story. But the accounting cock-up and subsequent dumping of Tesco shares by BlackRock are really only footnotes in the protracted obituary of this once all-conquering retailer. The hegemonic Tesco [...]
M&S is having an identity crisis: Only radical action can save it now Thousands of articles have been written about, and just as many reasons given for, the ongoing struggles of Marks & Spencer (M&S). The latest one, given only yesterday by none other than the chief executive himself, Marc Bolland, was the “settling-in” period of the new website. This, of course, is balderdash, or at least peripheral [...]
