Lidl clothing range: Discount retailer challenges British supermarkets on fashion front August 20, 2014 Not content with challenging big British supermarkets on food prices, discount favourite Lidl is taking the stores on in the fashion stakes. The German retailer is about to launch a fashion range for women that includes jeans, shoes and even leather jackets, with a men's range to follow later this year. From August 25th shoppers [...]
Sainsbury’s sees fall in disposable income in 2013 October 8, 2013 BRITISH consumers are likely to have less disposable income this time next year, the boss of Sainsbury’s said yesterday, casting further doubt on the speed of economic recovery. Official data and surveys have shown an improving outlook for UK consumer spending, which generates about two-thirds of gross domestic product, but retailers remain wary as inflation [...]
Sainsbury’s to open dark store to meet online demand October 13, 2013 J SAINSBURY is to open its first dark store to support fast-growing demand for its online grocery service in London and the south east. The dark store – so-called because it is not open to the public and only fulfils online orders – will open in Bromley-By-Bow, east London, within the next few years, the [...]
Dividend fears hit Tesco shares July 22, 2014 SHARES in Tesco slumped nearly four per cent yesterday on fears that dividends could be cut as analysts called for a complete overhaul in strategy under its new chief executive. JP Morgan analysts said Unilever director Dave Lewis, due to take over from Philip Clarke in October, would have to reset its UK margins from [...]
Morrisons fights back as Tesco’s sales get worse August 27, 2014 The challenges facing Tesco incoming boss Dave Lewis were further laid bare yesterday after figures out yesterday showed a worsening sales performance at Britain’s largest grocer. According to data from Kantar Worldpanel, Tesco’s sales declined by four per cent year-on-year in the 12 weeks to 17 August. This means its market share fell to 28.8 [...]
Britain’s biggest companies call on Westminster for fundamental business rates reform September 16, 2014 Some of Britain's biggest businesses including Marks & Spencer, Sainsbury's, Tesco, General Motors and Tata Steel have called on the government to rip up the current business rate regime claiming the current system is “a critical problem for all of British business”. The controversial tax delivers around £25bn to the Treasury every year, but [...]
Bank veteran Liz Airey to orbit Jupiter Fund Management as chair steps back September 2, 2014 Jupiter Fund Management swapped one investment banking veteran for another yesterday after its chairman was forced to retire due to ill health. Former SG Warburg financer Liz Airey was appointed chairman after incumbent Jamie Dundas, a former Morgan Grenfell banker, was forced to step down. Dundas, who is 63 and also a non-executive [...]
Amazon’s lockers arrive in London Tube station car parks June 25, 2014 Amazon has introduced new lockers at Finchley Central and Newbury Park tube station car parks in a partnership between the online retail giant and Transport for London that will let customers collect their purchases at the lockers – like they can do in some Tesco, Asda and Sainsbury’s car parks. Amazon has lockers in over [...]
Sainsbury’s wins battle of the big supermarkets with rise in sales… October 2, 2013 SAINSBURY’S chief executive Justin King yesterday conceded that the days of Britons shopping at one supermarket were over as the grocer posted strong second quarter sales yesterday ahead of rivals. King said the growing strength of discounters such as Aldi reflected this change in shopping behaviour. “I should think all of our shoppers are shopping [...]
Bottom Line: As the going gets tough, Justin King gets going June 11, 2014 There was a lot of back-slapping at Sainsbury’s yesterday, with Justin King talking up his successor, and his successor lavishing praise on the soon-to-depart chief executive. “When Justin started at the business we were serving 14m customers a week, and now we’re serving 24m a week. That’s a great achievement,” enthused Mike Coupe. King insists the [...]