Tesco and Sainsbury’s maintain share after a festive dead-heat January 15, 2013 BRITAIN’S biggest retailer Tesco and third-place grocer Sainsbury’s tied in the battle for sales growth in the key Christmas period, according to data published yesterday. Market researcher Kantar Worldpanel said Tesco and Sainsbury’s both posted identical gross sales growth rates of 3.9 per cent in the six weeks ending 6 January, with market shares unchanged [...]
Rosy results for Sainsbury’s with increased sales, stores and new mobile service October 2, 2013 Sainsbury's has reported strong sales which have delivered continued outperformance, with total sales for the second quarter up five per cent (4.6 per cent excluding fuel). (Release) Like-for-like sales for the same period were up 2.1 per cent (2.0 per cent excluding fuel), with total sales for the first half of 2013 coming in up [...]
Bottom Line: Clarke gave investors a nasty shock but deserves more time October 2, 2013 TESCO chief executive Philip Clarke may be sticking to his guns and ruling out a European retrenchment – despite a 68 per cent drop in profits in the region – but investors are clearly sceptical. Though analysts seemed to have the fall priced in, shareholders still took flight, sending shares down as much as two [...]
…as Tesco plans China venture after profits fall October 2, 2013 BRITAIN’S biggest supermarket chain Tesco is pinning its hopes on a new joint venture in China after reporting a sharp slump in European profits and flat UK sales in the first half. Trading profits in Europe collapsed by 69 per cent, dragging Tesco’s overall profit before tax down by 24 per cent to £1.39bn. In [...]
Analyst Views | Did Sainsbury’s update make you alter your recommendation? January 9, 2013 PHILIP DORGAN PANMURE GORDON Third quarter showed a slower level of sales growth…Therefore, in common with its peers, Sainsbury is failing to deliver a decent return on substantial investment. This needs to change. We expect space growth to slow investment to shift online and ultimately to see significant and recurring returns. SAM HART CHARLES STANLEY [...]
Tesco hopes to win back sales with new items October 6, 2013 TESCO will today unveil a revamped version of its Finest range, which Britain’s biggest supermarket hopes will win over shoppers and shareholders following grim half-year results. The FTSE 100 firm, whose market share is dipping as the discount supermarkets grow, is expected to lay out 1,500 new or redesigned products ahead of the Christmas rush. [...]
Clegg slammed for slapping 5p tax on supermarket plastic bags September 15, 2013 NICK Clegg’s plan for a 5p charge on plastic bags was yesterday branded unworkable, as critics said the plan was a distraction that would be difficult to enforce. The Deputy Prime Minister announced on Saturday that the policy had won coalition backing to introduce the charge in England from 2015, in an attempt to cut [...]
Sainsbury’s has top quarter for market share December 4, 2012 SAINSBURY’S has picked up market share in the last quarter, to make it the biggest winner among the overall grocery market, data revealed yesterday. According to figures from market researcher Kantar Worldpanel the supermarket’s sales rose 4.7 per cent and its share rose 0.2 points to 16.9 per cent in the 12 weeks to 25 [...]
Sainsbury’s adds 10,000 new jobs November 21, 2012 Supermarket chain Sainsbury’s yesterday announced it would create 10,000 new jobs in its convenience business over the next three years. The new roles, come on top of a further 20,000 temporary roles created to serve increased customer demand over the Christmas period. Sainsbury’s plans to open one to two convenience stores a week going forward [...]
Tea expert who’s found a new blend September 23, 2013 Annabel Palmer talks to Mike Brehme, who is transforming hot drinks for the second time WHAT do you do when you’ve already transformed that most British of pastimes – drinking tea? That was the conundrum facing Mike Brehme – co-founder of Clipper Teas, whose newest venture FruitBroo has recently come onto the shelves at Sainsbury’s [...]