Sainsbury’s to trial selling clothing online June 9, 2014 Sainsbury is to take on its high street and supermarket rivals by selling its clothing brand TU online for the first time. People close to the company previously said that clothing margins were too low justify delivering clothes bought online to customers. However in a statement yesterday Sainsbury’s said it will pilot selling [...]
Best of the Brokers for 24 June 2014 June 23, 2014 To appear in Best of the Brokers, email your research to notes@cityam.com DEVRO N+1 Singer keeps the sausage skin maker as a “sell” and drops its target from 246p to 211p ahead of results next month. Since the broker moved Devro to its sell list in October, the stock has lagged the FTSE All Share [...]
Analysts to the fore in big sectorial shakeups September 9, 2014 ANALYST of the year The role of the analyst has become increasingly important at such an uncertain time in the economy, when everyone is looking for guidance. With the UK retail sector in turmoil over the decline of Sainsbury’s, Morrison’s, Waitrose and especially Tesco – caused mainly by the rise of the German discounters – their views [...]
Brand Index: Discounters’ customers force top shops to up their game July 16, 2014 For consumers, every little helps, and the tills at Aldi and Lidl are ringing as the German discounters attract new and unlikely customers. YouGov’s mid-year BrandIndex’s Buzz rankings show that Aldi tops the list with Lidl coming in fourth, as consumers keep buying habits forged in the downturn. In our Buzz Metric, a measure of [...]
Shapland is named Poundland chair in retail merry-go-round July 29, 2014 Poundland yesterday named Darren Shapland as its new chairman after losing its current boss to the troubled supermarket Morrisons in the latest round of retail musical chairs. Shapland joined the bargain chain’s board as a senior independent director ahead of its £750m float in March after a brief stint as chief executive of the flooring [...]
Aldi and Lidl to grab more sales from supermarket stores June 30, 2014 The amount of money spent at Britain’s larger supermarket stores is set to shrink over the next five years, new figures show, as competition from discounters, convenience stores and online gathers pace. According to research released yesterday by the industry body IGD, the value of the UK grocery market is set to rise by 16 [...]
London startup Osper wants to make kids better at managing money June 30, 2014 Osper, a London-based startup that teaches kids to manage their money online, has launched with £6m backing from Index and Horizons Ventures. The mobile app lets kids aged between eight and 18 years old take responsibility for their money and make purchases online using a prepaid card, but allows parents to oversee spending at the same time. [...]
Blake to make London return May 14, 2014 DOUBLE Olympic silver medallist Yohan Blake has confirmed he will return to London for this summer’s Sainsbury’s Anniversary Games. Blake finished behind world’s fastest man Usain Bolt in the 100m and 200m races at London 2012, but will hope to go one better at Horse Guards Parade on 20 July in a field that includes [...]
Morrisons ramps up assault on rival supermarkets after slashing more prices June 23, 2014 Morrisons has launched a fresh round of price cuts today as the troubled supermarket group steps up its efforts to win back shoppers defecting to cheaper rivals. Britain’s fourth-largest grocer will cut the price of a further 135 grocery and household products today by an average 14 per cent. “These are permanent price cuts, not [...]
Analysts predict price cuts at Sainsbury’s April 29, 2014 Analysts at Deutsche Bank issued a positive note on Sainbury’s today ahead of its full-year results next week, arguing that the supermarket group could be a relative winner in the sector compared to its rivals but warning that it will have to join them in slashing prices to stay ahead of the game. The [...]