Tesco and Waitrose set to open Tube shops January 29, 2014 Tesco and Waitrose are opening six click-and-collect points each in the London Underground this year, as part of TfL’s efforts to get more retailers using the Tube. The supermarkets will follow Asda, which is running a six-month trial in carparks near Tube stations, with ambitions to open more outlets. Tesco will launch at station car [...]
Arm Holdings announces new chairman January 27, 2014 Chip designer Arm Holdings has announced that Stuart Chambers, current chairman of Rexam and a non-executive director of Tesco, will take over as chairman designate from 1 March. Chairman Sir John Buchanan is stepping down because of a medical condition. Buchanan’s exit marks more change for the Cambridge-based FTSE company. Last March it said goodbye [...]
Hedgies demand cashback from UK supermarkets January 26, 2014 BRITAIN’S biggest supermarkets are coming under pressure from a US hedge fund to split their vast property empire to drive up value for shareholders. Morrisons, Tesco and Sainsbury’s are all being asked to replicate a model used by one of Canada’s largest supermarkets, Loblaw Companies, to put some of its property into a real estate [...]
Game’s market share boosted by Playstation 4 and Xbox One January 26, 2014 THE LAUNCH of Sony’s latest console, the PlayStation 4 (PS4) and Microsoft’s Xbox One at the end of last year has helped boost retailer Game’s share of the entertainment market, new research shows. Figures from Kantar Worldpanel released today show that Game claimed eight per cent of the market in the 12 weeks to 22 [...]
Why Sainsbury’s is SocGen’s favourite supermarket January 22, 2014 When it came to supermarkets’ Christmas performance in the UK, the discounters claimed the victory. Aldi and Lidl saw sales leap, both increasing their market shares. It was good news for high-end store Waitrose, too, which also saw a bumper festive period. It’s the Big Four – or, at least, three of them (Tesco, Asda [...]
Former Matalan boss Darren Blackhurst decides to B&Q-it January 21, 2014 DIY CHAIN B&Q said yesterday it has hired former Matalan chief executive Darren Blackhurst as commercial director as it makes further changes to its management team. The moves marks an unusual step back for Blackhurst, who was a leading contender to replace former Asda chief executive Andy Bond in 2010 and has spent two years [...]
Former Matalan boss Darren Blackhurst decides to B&Q-it January 21, 2014 After a six month silence, the former chief executive of Matalan Darren Blackhurst has popped back over the parapet, this time as commercial director of DIY chain B&Q. The moves marks an unusual step back for Blackhurst, who was a leading contender to replace former Asda chief executive Andy Bond back in 2010 (a role [...]
Mothercare jumps on Tesco takeover talk January 20, 2014 Talk of renewed interest from Tesco in languishing Mothercare have seen stocks in the baby care and clothes retailer jump over five per cent. Reports that the supermarket has rekindled its interest in launching a takeover bid follow an announcement by Mothercare earlier this month that its full-year profits would be half what analysts were [...]
Mothercare is said to be in the sights of retailing giant Tesco January 19, 2014 TESCO considered a bid for mother and baby products retailer Mothercare to help reinvigorate its supermarkets, the Sunday Times reported. Citing retail sources, the newspaper said Tesco examined a bid six months ago but has put the plan on hold. However, the recent fall in Mothercare’s share price could rekindle Tesco’s plan according to the [...]
Shoe repair business Timpson launches its thousandth store January 19, 2014 FAMILY-OWNED shoe repair business Timpson is opening its thousandth shop today in Wrexham, North Wales, as the company’s expansion plans gather momentum. Timpson will be renting the space at a Tesco site, a spokesperson from the supermarket chain told City A.M. The unit is part of a joint venture between Timpson and Tesco. It will [...]