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 [...]
Asda sales slow as it forecasts a bleak Christmas November 15, 2012 ASDA, the UK’s second largest supermarket, reported a slowdown in third quarter like-for-like sales growth yesterday and struck a sober note in its outlook on the Christmas quarter. Like-for-like sales rose 0.3 per cent in the three months to 30 September, down from 0.7 per cent in the previous quarter and 2.2 per cent in [...]
Kate Bostock to quit Asos after seven months July 16, 2013 KATE Bostock, the former head of clothing at Marks and Spencer, has quit her new employer Asos after just seven months at the online retailer. In a surprise statement yesterday, Bostock, who was executive director for product and trading, said she had concluded that “Asos isn’t the right place for me”. Nick Robertson, the founder [...]
Ex-Asda chief joins food group Bigham’s September 23, 2012 ALLAN Leighton, the former boss of Asda and the Royal Mail, has joined the board of Charlie Bigham’s, the upmarket ready meal maker, as a non-executive director. The London-based food group, which employs over 200 staff and turns over around £24m a year, said it hopes bringing Leighton on board will help it reach its [...]
Greencore rises on proof of no contamination February 18, 2013 IRISH food group Greencore’s shares bounced back by eight per cent yesterday after it said that tests had found no other traces of horsemeat in its products or at its convenience food sites. Shares in the company sunk more than 12 per cent at the end of last week when Asda withdrew its own- brand [...]
Asda boss says yes to relaxing Sunday trading August 16, 2012 THE CHIEF EXECUTIVE of Asda yesterday came out in support of Sunday opening hours being extended on a permanent basis, as the debate over Sunday trading continues to divide retailers. Andy Clark said it was too early to say what the impact of the extra trading hours has had on sales but shoppers had welcomed [...]
King of the supermarket: The long-serving boss of Sainsbury’s talks shop September 1, 2013 Justin King speaks to Elizabeth Fournier as he nears 10 years at the top of the UK’s third-biggest retailer IT’S not been an easy 2013 for Britain’s supermarkets. From January’s discovery of horsemeat in the UK food chain to the disastrous collapse of a Bangladeshi clothing factory in April, retail bosses have been forced to [...]
Asda says disposable income is up for first time in two years August 21, 2012 BRITISH households were £1 a week better off in July compared to the same month a year earlier, the largest annual increase in more than two years, according to the latest figures from Asda’s income tracker. Families had £151 a week left over last month after paying bills, up 0.6 per cent on the previous [...]
UK retail growth crawls ahead February 26, 2013 The Confederation of British Industry has released its quarterly Distributive Trades Survey (release). Expectations of 16 per cent growth were dashed as figures showed growth of a mere 8 per cent, the lowest since September and down from 17 in the last quarter. This marks the third consecutive period in which retail growth has slowed. While [...]
Online shopping spurs PayPoint January 24, 2013 Credit card processing company PayPoint yesterday said increasing internet transactions led it to a four per cent rise in revenues year-on-year for the three months to January. The firm, whose customers include Sainsburys Local, Asda and the Co-op, processed 193m transactions during the period, up five per cent on last year. The rise in internet [...]