Tesco wins court battle against Sainsbury’s over Price Promise November 10, 2014 SAINSBURY’S claim that Tesco’s Price Promise campaign was unlawful and like comparing “apples with pears” has been thrown out by a High Court judge. Sainsbury’s complained that, when applied to Tesco’s own label products and fresh food, the price comparisons were misleading, unfair and unlawful. The promise involves a pledge to match Sainsbury’s, Asda and [...]
Fuel price decline lifts spending power for embattled consumers August 25, 2014 The drop in fuel prices and lower inflation on other essential items is helping to prop up discretionary incomes in the UK, according to figures released this morning. Fuel prices fell by 2.9 per cent in the year to July, according to research conducted by Asda, while food prices also dipped by 0.4 per cent. [...]
Tesco loses more market share as supermarket sector slows to record low September 23, 2014 Growth in the supermarket sector has slowed to an all-time low, with Tesco once again losing market share to Asda, Aldi and Lidl. The troubled supermarket, which yesterday revealed a £250m black hole in its profits, saw its market share drop 4.5 per cent in the 12 weeks to September 14. During the [...]
Asda boss Andy Clarke’s 4 top leadership tips February 5, 2014 Speaking last night at the British Retail Consortium’s Future Retail Leader’s event, Asda chief executive Andy Clarke gave an account of his journey to the top – starting with the day he left school with just one O Level in English at 15. Realising he had spent too much time on the rugby pitch in [...]
UK consumers’ confidence at a three-year high October 20, 2014 A HEALTHY jobs market has pushed consumer confidence to a three-year high, according to figures released this morning by the accountancy firm Deloitte. The Deloitte consumer tracker shows the net balance (the percentage of people saying “yes” minus those saying “no”) of respondents whose confidence had increased over the last three months rising to minus [...]
Tesco is shopping for a new chairman October 23, 2014 SIR RICHARD Broadbent yesterday announced his plans to leave Tesco, and said he felt the need for a demonstration of accountability by the supermarket’s bosses. His decision came as the firm revealed its pre-tax profits had slumped 92 per cent on the year to £112m in the first six months of its financial year. Sales [...]
Sainsbury’s loses clash of the titans as its challenge over Tesco’s Price Promise is thrown out November 10, 2014 Tesco can breathe a sigh of relief – Sainsbury's claim that its Price Promise campaign was unlawful and like comparing “apples with pears” has been thrown out by a High Court judge. Sainsbury's had complained that, when applied to Tesco's own label products and fresh food, the price comparisons were misleading, unfair and unlawful. [...]
UK supermarkets vs German discounters: Morrisons gets tough as Buffett attacks Tesco October 2, 2014 Britain’s embattled supermarkets have finally begun their fight back against German discounters Aldi and Lidl who have been eating their lunch in recent months with double-digit growth in the sector. Morrison, the UK’s fourth biggest supermarket, will launch its first customer loyalty card today, along with a price-matching scheme that its chief executive has labelled [...]
Supermarkets Sainsbury’s, Tesco and Morrisons told they must shrink to survive in war against discounters Aldi and Lidl November 17, 2014 Supermarkets need to dramatically scale down their store estates if they want to stop haemorrhaging sales and return to growth, according to analysts at Goldman Sachs who sent a stark warning to the retail industry. In a research note published yesterday, Goldman Sachs said Sainsbury’s, Tesco and Morrisons must cut space by around 20 per [...]
Women “don’t get paid after today” claims #EqualPayDay report November 4, 2014 If you're a woman, you might want to down tools for the rest of the year, because from now on you are effectively working for free. That's the argument of a report claiming that the gender disparity in pay has actually grown to such an extent that, including full and part-time workers, men earn on [...]