Tesco, Argos and Currys Black Friday deals: Retailers’ websites struggle with massive demand November 28, 2014 Retailers' websites are struggling to keep up with demand from shoppers hunting for mega-deals on Black Friday. Customers have been unable to access the deals being offered by Tesco, Argos and Currys with their websites returning error messages due to the high volume of visitors just days before "Cyber Monday" when online deals are expected [...]
Uncertainty over future of Tesco executives suspended after discovery of £260m profits overstatement November 28, 2014 One of the executives suspended by Tesco after it discovered a black hole in its accounts has left the company, it is understood. The BBC reported this morning one of eight executives who were suspended when it revealed it had overstated profits by £260m had stepped down. Tesco announced in September that it had overstated [...]
In pictures: Black Friday UK 2014 – police called to branches of Tesco and Asda as crowds swamp stores November 28, 2014 Police have been called to supermarkets all over the UK amid fears of overcrowding, as shoppers stormed supermarkets in order to grab some Black Friday deals. US import Black Friday has prompted shoppers to flock to stores as retailers like Sainsbury's, Marks & Spencer and John Lewis slash prices. There are huge discounts available on everything [...]
Best of the Brokers for 28 November 2014 November 27, 2014 To appear in Best of the Brokers, email your research to notes@cityam.com SAINSBURY’S Stockbroker Shore Capital has downgraded Sainsbury’s from “hold” to “sell”, after the company announced that it expected like-for-like sales to be negative for several years. It added that the much anticipated price/margin reset by Tesco could impact Sainsbury’s negatively. THOMAS COOK Stockbroker [...]
Over half of chickens sold by UK supermarkets are contaminated with bacteria, and the problem is worst at Asda November 27, 2014 Most chickens sold by UK supermarkets contain the bacterium campylobacter – the country's biggest cause of food poisoning. An investigation published today by the Food Standards Agency (FSA) revealed that over the last three months, 70 per cent of all fresh chickens sold by the nation's retailers tested positive for the micro-organism, and 18 [...]
In charts: Spending on Black Friday, Cyber Monday and Manic Monday to peak at £470k per minute November 26, 2014 Retailers including Tesco, Marks & Spencer, John Lewis, Amazon and Currys PC World are gearing up for what are tipped to be some of the biggest shopping days of the year. The retailers have unveiled a whole range of deals on everything from electricals like TVs, tablets and other gadgets to designer watches, clothing and [...]
Tesco director and former Food Standards Agency head Tim Smith lobbied government over report into dirty chicken – Guardian November 25, 2014 Tim Smith, the Tesco technical director and former head of the Food Standards Agency (FSA), lobbied the government over a report into the food poisoning contamination rates for chicken in supermarkets, according to a report in the Guardian. The Guardian claims Smith told the Department of Health that publishing the results of the contamination tests [...]
Bard criticism? Tesco replies to popcorn complaint with a sonnet November 25, 2014 We've all experienced the frustration of a retailer discontiuing a line – but St Andrews University students Isabelle Bousquette and Tomi Baikie felt so emotional when their local Tesco stopped selling their favourite salted popcorn, they felt moved to write a sonnet, a sort of ode to popocorn. Then they sent it to Tesco chairman [...]
Black Friday UK 2014: Where are the best bargains for must-have Christmas toys? November 25, 2014 As the countdown to Black Friday – November 28 if you're wondering – continues, the big question is exactly which items will be going on sale. Luckily for you, the Toy Retailers Association has today unveiled its DreamToys, the gifts that the industry has judged “must have” Christmas crackers. The list has pedigree [...]
Argos rolls out eReceipts in bid to become a top digital retailer November 24, 2014 Argos has announced the introduction of eReceipts across its 750 UK and Ireland stores. The scheme gives Argos’ customers the option to have a receipt emailed to them to keep a record of purchases and warranties and has already been trialled this year. The technology has been developed by eReceipts, which is chaired by the [...]