Sainsbury’s has top quarter for market share December 4, 2012 SAINSBURY’S has picked up market share in the last quarter, to make it the biggest winner among the overall grocery market, data revealed yesterday. According to figures from market researcher Kantar Worldpanel the supermarket’s sales rose 4.7 per cent and its share rose 0.2 points to 16.9 per cent in the 12 weeks to 25 [...]
Floor price for alcohol will hit poor hardest November 28, 2012 THE GOVERNMENT yesterday unveiled plans to introduce minimum prices for alcohol, despite concerns that such a move will penalise ordinary drinkers. The home office proposals include a ban on multi-buy promotions and a minimum unit price of 45p in England and Wales. As a result a one litre bottle of Gordon’s gin – currently available from [...]
Greencore strikes up sandwich deal with Starbucks’ US stores November 27, 2012 GREENCORE yesterday announced it has struck a $50m (£30m) deal to supply Starbucks’ stores in the US, as the food group revealed a 21 per cent rise in full-year profits. The Dublin-based group said the partnership will see it produce sandwiches for all of the coffee giant’s east coast stores except Manhattan, a major coup [...]
Morrisons wants new trading laws November 21, 2012 Morrisons, Britain’s fourth-biggest supermarket chain, yesterday joined Asda in lobbying government for Sunday trading laws to be relaxed on 23 December this year, arguing that the second day before Christmas is usually the busiest shopping day of the year. With the 23rd falling on a Sunday retailers are restricted by law to opening for a [...]
Asda sales slow as it forecasts a bleak Christmas November 15, 2012 ASDA, the UK’s second largest supermarket, reported a slowdown in third quarter like-for-like sales growth yesterday and struck a sober note in its outlook on the Christmas quarter. Like-for-like sales rose 0.3 per cent in the three months to 30 September, down from 0.7 per cent in the previous quarter and 2.2 per cent in [...]
Profits and market share increase at Sainsbury’s November 14, 2012 Supermarket J Sainsbury this morning beat expectations by reporting pre-tax profit of £373m over the half year to September, up 5.4 per cent year on year. The supermarket chain’s market share ticked up to 16.7 per cent, the highest for almost a decade, following 31 consecutive quarters of like for like sales growth. J Sainsbury [...]
Sainsburys ups market share as Morrisons lags November 6, 2012 J SAINSBURY, Britain’s third-biggest supermarket group, has lifted its market share, helped by investment in its cheaper own-brand products, industry data showed yesterday. Market researcher Kantar Worldpanel said Sainsbury’s sales rose 6.4 per cent in the 12 weeks to 28 October, increasing its share of the UK grocery market to 16.8 per cent from 16.4 [...]
Tesco set for a Christmas tussle to win back customers November 6, 2012 TOWARDS the end of last year I discussed in this column how 2011 had seen Tesco’s brand perception scores fall throughout the year. As we would expect to see, perceptions proceeded sales. Tesco’s January announcement that its sales had dropped led to a sell-off that knocked around 100p from Tesco’s share price. This is a [...]
Supermarkets to sell Skype credit November 4, 2012 While retailers are rushing to expand their online presence, Skype, the internet phone service, announced today it is making a move onto the UK high street in a tie-up with five supermarkets to sell credit in stores. The US firm, which has 254m connected users per month, said it is to sell £10 or £20 [...]
Where to get spooked in the City tomorrow October 29, 2012 WITH Halloween almost upon us, supermarket Asda has conjured up some facts and figures on the annual fright night. Given that the 31 October was a rather insignificant day in the British diary 10 years ago, The Capitalist was surprised to learn that the UK Halloween market is now worth £300m. Poor old Guy Fawkes [...]