Bottom Line: An orderly handover but uneasy lies any head wearing this crown January 29, 2014 LONG live the new king. Sainsbury’s emphasis is firmly on continuity as it announces its new boss. The choice of commercial director Mike Coupe is the antithesis of a palace coup – every inch a loyal insider, Coupe is closely tied to King’s strategic vision, as demonstrated by his involvement in recent successes like Brand [...]
Waitrose and Tesco to set up Tube collection 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 car parks near Tube stations, with plans to open more outlets this year. Tesco will launch [...]
Inside Track: Ross’s brutal shake-up could prove painful for taxpayers January 29, 2014 ROSS’S Brutal Shake-up – come next month, that will be the most appropriate use of the initials of Britain’s most troubled lender. After Monday’s kitchen and bathroom sinking all rolled into one, it’s not difficult to see why. McEwan’s predecessor as chief executive of Royal Bank of Scotland (RBS), Stephen Hester, was fond of describing [...]
5 things you didn’t know about new Sainsbury’s boss Mike Coupe January 29, 2014 Sainsbury’s CEO Justin King is leaving the supermarket in July – but what do we know about his replacement and current commercial director, Mike Coupe?1. A country boy at heart, Coupe was born in Watford in 1960 but was brought up in West Sussex. His mum was a housewife and his dad was an inventor [...]
5 things you didn’t know about new Sainsbury’s boss Mike Coupe January 29, 2014 Sainsbury's CEO Justin King is leaving the supermarket in July – but what do we know about his replacement and current commercial director, Mike Coupe? 1. A country boy at heart, Coupe was born in Watford in 1960 but was brought up in West Sussex. His mum was a housewife and his dad was an [...]
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 [...]