Tesco and Sainsbury’s boost UK market share January 9, 2011 THREE of the UK’s big four supermarket chains are reporting Christmas figures this week, with analysts expecting Tesco and J Sainsbury to have boosted their market share. Research company Kantar suggests that Sainsbury’s advanced its share of the British grocery market by 0.3 per cent to 16.4 per cent while Tesco saw a lift of [...]
Asda vows to cost 10pc less January 6, 2011 ASDA has guaranteed to sell 15,000 grocery products at least 10 per cent cheaper than all of its big rivals. The UK’s second largest chain behind Tesco is promising voucher refunds if customers are charged more. Asda chief executive Andy Clarke said: “The Asda Price Guarantee cuts through all the phoney claims and headline numbers, [...]
Asda’s Bond steps down January 4, 2011 SUPERMARKET Asda said yesterday its chairman Andy Bond stood down on 1 January after less than a year in his part-time role. Bond, who left the chief executive job in April 2010, will also leave parent company Walmart once its 16.5bn rand (£1.5bn) purchase of a majority stake in South African supermarket Massmart goes through. [...]
Retailers hit back over BBC claims December 22, 2010 THE British Retail Consortium (BRC) has branded a withering attack on supermarket expansion broadcast on the BBC’s Panorama last night as “misleading”. Programme makers indicate that the UK’s major grocers are growing more quickly than ever, suggesting that one of Tesco, Asda, Sainsbury’s and Morrisons effectively gets planning permission for a new store “every working [...]
Supermarket chains halt Xmas orders in Scotland after weather takes its toll December 13, 2010 SUPERMARKETS and online shops – including Tesco, Sainsbury’s and Asda – have halted orders or suspended deliveries, after last week’s heavy snow weather brought the transport network to a standstill. Many are struggling to cope with a backlog of deliveries after strong downfalls. Couriers including Parcel Force and Home Delivery Network have also been affected, as [...]
Mothercare speeds up its foreign plans December 9, 2010 MOTHER and baby products retailer Mothercare is accelerating its expansion overseas, particularly in India, and has raised its profitability target for international stores. Mothercare, which is taking analysts on a tour of its operations in India, said yesterday it expected total overseas network sales to double to £1bn by 2014. As well as expansion in [...]
Chains boosted by festive spending on crisps and drink December 7, 2010 SALES of groceries at the major supermarket chains jumped in the final weeks of November, in a boost for the retail sector. J Sainsbury was the strongest performer with 6.8 per cent growth. There was 4.8 per cent growth on average across the board, according to the figures from retail analysts Nielsen. Chains outside the [...]
ANGER OVER COST OF SNOW FIASCO December 2, 2010 THE COST to the UK economy of the mounting chaos bought by the snow and unseasonally cold temperatures could be as much as £1.2bn a day, it was claimed yesterday. As the seventh day of the cold snap saw the disruption reach the south-east of England, with more than six inches of snow falling overnight, [...]
Asda sales up as it creates 7,500 UK jobs November 16, 2010 ASDA, owned by Wal-Mart, yesterday reported a return to underlying sales growth in its fiscal third quarter, helped by a focus on low prices and the relaunch of its core own-brand grocery range. The country’s second-biggest supermarket chain behind Tesco also said yesterday it would create more than 7,500 jobs next year by opening new [...]
J Sainsbury outpaces rivals as it sees its market share inch higher November 9, 2010 UK SUPERMARKET sales are rising slightly more than food price inflation, with the third largest grocer J Sainsbury outpacing its major rivals, market researchers Kantar Worldpanel said yesterday. Grocery sales climbed four per cent in the 12 weeks ended 31 October, helped by a three per cent rise in inflation — little changed from the [...]