Partnerships may be the big trend in 2014 January 26, 2014 Annabel Palmer talks to MediaCom’s Karen Blackett WHEN Karen Blackett, UK chief executive of MediaCom, got her first big break in 1993, it was over a year before Wired magazine launched the first ever ad on the World Wide Web. She talks to City A.M. about her career, adapting to a rapidly-changing industry, and the [...]
Bottom Line: Christmas comes early for King November 13, 2013 THEY say good things come to those who wait. Yesterday, almost a week after rival retailers Marks & Spencer, John Lewis and Morrisons released their Christmas adverts, the UK’s fastest growing supermarket revealed its own tear-jerker – a three-and-a-half minute mini-film that aired during last night’s Coronation Street. The film, which shows clips of ordinary [...]
Supermarkets in fuel pricing wars September 26, 2013 THE SUPERMARKET price war on petrol escalated yesterday, when some of Britain’s largest chains slashed costs for the second time in a matter of days and Sainsbury’s became the latest grocer to enter the fray. Asda said that it would cut unleaded petrol by 3p to 128.7p per litre and diesel by 2p to 135.7p [...]
Discounters grab market share from UK’s leading supermarkets October 22, 2013 SAINSBURY’S was the only one of the big four supermarkets to gain market share in the 12 weeks to 13 October as discounters continued to put pressure on Britain’s grocers, Data from Kantar Worldpanel out yesterday showed Aldi’s sales leapt by 31.7 per cent year-on-year, gaining record market share of 3.8 per cent against three [...]
Grand Theft Auto V accelerates games market back into growth October 28, 2013 THE RELEASE of Grand Theft Auto V helped push the video games market back into growth for the first time in five years last month, according to data out today. Kantar Worldpanel figures for the 12 weeks to 29 September show that the games market grew by 29 per cent compared with the same period [...]
Sainsbury’s has sales boom to outpace rivals November 13, 2013 SHARES in Sainsbury’s rose three per cent yesterday, making it the biggest riser in the FTSE 100, after the supermarket chain posted a surge in half-year sales and profits. Sainsbury’s is the only one of the big four supermarkets to be growing its market share, with data from Nielsen last month confirming that it had [...]
Tesco sees UK sales drop 1.5 per cent in third quarter December 4, 2013 Tesco has announced a 1.5 per cent fall in like-for-like sales in the three months to 23 November, which it says is down to a weaker UK grocery market. Underlying sales fell in every country in which it operates. The sobering news is in line with predictions from Citi analysts. It doesn't bode well for [...]
Lidl boss eyes 600 new stores December 1, 2013 LIDL’s UK managing director has announced plans to double the discount chain’s number of stores over the coming years. On the growth of Lidl’s 600 current stores Ronny Gottschlich said “If I could have the 1,200 in the next three years, then I would have it in the next three years. But it is clear [...]
Calls grow for tax cut policies November 18, 2013 CALLS for tax cuts are building as the British economy finally starts to recover from years of stagnation, with politicians and business groups arguing that the time is now right to trim back the tax system. Deputy Prime Minister Nick Clegg said yesterday morning that he wants to push the coalition government’s income tax cuts [...]
Walmart revises down earnings forecast as US comparable sales miss August 15, 2013 Asda owner Walmart has reported same-store sales in the US fell by 0.3 per cent in the second quarter of the year – missing analyst expectations of a one per cent rise (release). Walmart revised down its full-year earnings per share (EPS) expectation to a range of $5.10 to $5.30 from the previous range of [...]