Ocado sales growth slows in third quarter September 19, 2011 British online grocer Ocado saw a slowdown in sales growth in its fiscal third quarter and said full-year profit margins were likely to rise a less than expected as it invests in improving customer service. Ocado, which mostly sells the products of upmarket grocer Waitrose, said on Monday gross sales rose 16.9 per cent to [...]
Getting the very best from the Home Counties September 15, 2011 PEOPLE are often very unfair to the Home Counties,” says James Grillo of Chesterton Humberts, “There is so much more to it than sprawling suburbia.” Indeed, as he points out, there’s more woodland per acre in Surrey than another county in England. “The schools are great, the commute is quick and the properties are fabulous.” [...]
John Lewis profits hit in price squeeze September 14, 2011 JOHN Lewis yesterday revealed a slump in profits as discounting in the face of the tough consumer climate took its toll. The retailer, which also owns the Waitrose chain, said first half pre-tax profits plunged by 18 per cent to £90.4m. Its Never Knowingly Undersold pledge – meaning that they will offer the lowest prices [...]
Morrisons share edges up as thrift is order of the day September 13, 2011 MORRISONS has emerged as the current market share winner among the big four grocers as consumers look for savings in the tough economic environment. The grocer’s market share improved to 11.5 per cent in the 12 weeks to 4 September compared to 11.4 per cent in the comparable period last year, figures from Kantar Worldpanel [...]
John Lewis sales lifted by back to school gear September 2, 2011 John Lewis posted a rise in weekly sales, boosted by parents splashing out on items ahead of the imminent start of the new school year. The employee-owned business said sales at its department stores increased 1.4 per cent to £58.6m in the week to August 27. Sales excluding VAT sales tax fell 0.4 per cent. [...]
John Lewis continues to win market share August 26, 2011 John Lewis bucked the general gloom in the retail sector with another rise in weekly sales as it continued to win market share from rivals. The employee-owned business, which has been outperforming competitors for over a year, said on Friday sales at its department stores increased 2.6 per cent to £53.4m in the week to [...]
John Lewis sales lifted by rain July 22, 2011 John Lewis reported higher weekly sales as wet weather drove shoppers to its shops and its summer sale stimulated trade. Department store sales increased 3.7 per cent to £59.9m in the week to 16 July and were up 2.1 per cent excluding VAT sales tax. “Continued mixed weather helped drive a solid final week for [...]
Aldi and Lidl grow their market share July 19, 2011 DISCOUNT supermarkets have grown their market shares as cash-strapped customers seek out bargains. Aldi and Lidl saw strong market share growth in the 12 weeks to 10 July, according to figures from the Kantar Worldpanel. Aldi achieved a 20.2 per cent rise in UK market share to 3.5 per cent. Lidl’s share rose 15.6 per [...]
Crafted for a better taste July 6, 2011 THE British pub industry may be in crisis, with scores of venues reportedly closing around the country each week, but there’s one side of it that’s bubbling along rather nicely. Bars that are dedicating their trade to the kind of specialist, low-volume beers you can’t find in mainstream pubs are on the rise, as are [...]
Ocado slumps despite profit June 27, 2011 OCADO shares took a hit yesterday, falling 9.1 per cent despite the company reporting its first profit and unveiling a deal to deliver a range from French supermarket giant Carrefour. Chief executive Tim Steiner admitted the online delivery retailer had issues with capacity but said its growth plan was on track. In the six months [...]