Morrisons, Tesco, Ocado and Marks & Spencer’s share prices soar after UK food sector shows signs of growth February 10, 2015 Supermarkets led the FTSE 100 higher this afternoon, after figures revealed the grocery sector was in growth once again. Morrisons' share price had recorded the biggest gains at pixel time, rising 5.5 per cent. This was on the back of Kantar figures out this morning, showing its sales had fallen 0.4 per cent, the [...]
Tesco’s share price jumps as Kantar figures reveal the supermarket has grown sales for first time in a year – but it is still losing market share February 10, 2015 Tesco's share price jumped nearly two per cent this morning after figures revealed it had grown for the first time since January 2014. The UK's biggest retailer recorded sales growth of 0.3 per cent to £7.9bn for the 12 weeks to February 1, according to Kantar Worldpanel. But that was not enough to stem the [...]
Drastic Dave reveals 43 Tesco store closures January 28, 2015 TESCO chief executive Dave Lewis yesterday lived up to his nickname “drastic Dave” as the company named the 43 stores it would be closing in a bid to revive its flagging fortunes. The retailer said it would shut 30 convenience stores – including 18 Express outlets and 12 inner-city Metro shops – along with seven [...]
Mooove over Sainsbury’s: Waitrose claims its dairy farmers get the cream of milk prices January 26, 2015 Premium supermarket Waitrose has lifted the lid on its dairy practices following Sainsbury's attack ad last week, insisting it pays “a fair price” for its milk. The John Lewis Partnership-owned grocer was among those to appear on the naughty list of businesses that were accused of not supporting British fresh milk farmers. The [...]
Amazon takes one in every four pounds spent on physical music, film and games January 26, 2015 One in every four pounds spent in Britain on physical music, games and videos in the run-up to Christmas went to Amazon, figures out this morning show. For the 12 weeks to December 21, Amazon dominated the world of entertainment, with 39 per cent of all the sector's purchases being made with the etailer [...]
Amazon steals entertainment spend from UK supermarkets January 26, 2015 ONLINE retail giant Amazon took a larger slice of the UK entertainment market over the Christmas period, largely at the expense of the major supermarkets, according to research published today. Kantar Worldpanel figures show that Amazon took one in every four pounds (25.6 per cent) spent on physical music, games and video in the 12 [...]
Two of the big four supermarkets pay less than the cost of production for milk, Sainsbury’s advert claims January 21, 2015 Sainsbury's has revealed how much supermarkets pay farmers for milk- and claims that at least two of the big four stump up less than the cost of production. The figures have been released as part of the grocer's latest ad campaign, which claims that “at Sainsbury's we support our British fresh milk farmers,” asking [...]
Young, northern and burger-mad: This is the quintessential British lad January 16, 2015 Love it or hate it, "lad culture" is still very much a part of modern Britain's subculture. Arising in the 1990s, lads have been criticised as loutish and sexist. But according to the, er, lads over at The Lad Bible, the UK's 12th most-visited website, change is in the air for the subculture. Thanks to [...]
Ocado outperforms its rivals during Christmas and sees sales rise 15pc January 14, 2015 ONLINE grocer Ocado yesterday announced that it had outperformed its traditional supermarket rivals over Christmas, adding it was confident about prospects in 2015 despite an escalating price war. The firm, whose range includes products supplied by upmarket grocer Waitrose, said sales growth in December continued at the rate it achieved in the final quarter of [...]
Tesco’s share price nears pre-overstatement level for the first time in four months January 14, 2015 Tesco's share price is nearing the level it was before the supermarket admitting to overstating its profits in September, thanks to a sustained rally in the last month. Shares in the UK's largest retailer have risen more than 30 per cent since mid-December and at pixel time this morning the business was up 2.1 [...]