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 [...]
Floor price for alcohol will hit poor hardest November 28, 2012 THE GOVERNMENT yesterday unveiled plans to introduce minimum prices for alcohol, despite concerns that such a move will penalise ordinary drinkers. The home office proposals include a ban on multi-buy promotions and a minimum unit price of 45p in England and Wales. As a result a one litre bottle of Gordon’s gin – currently available from [...]
British Land sells Cambridge mall October 1, 2012 British Land said yesterday it has sold the Beehive Centre in Cambridge to Orchard Street Investment Management for £109.2m. The 238,000 square feet retail park, bought by British Land in 1998, is anchored by a 70,000 sq ft Asda store and has 15 other tenants including TK Maxx and Next Home. Orchard Street said the [...]
Tesco continues to shed market share as Asda hits record high March 27, 2012 TESCO has continued to shed market share in the first three months of 2012, latest figures showed yesterday, while number two supermarket Asda has seen its slice of the pie jump to a record high. According to Kantar data released yesterday, Tesco’s year-on-year growth lagged behind the rest of the sector at just 2.7 per [...]
ASDA sales growth slows February 21, 2012 Supermarket firm Asda suffered a slowdown in sales growth as shoppers were squeezed by rising prices and muted wages growth. Britain’s second-biggest supermarket chain said today that sales at stores open over a year, excluding fuel and VAT sales tax, rose 1 per cent in the fourteen weeks to 7 January. Asda said underlying sales [...]
Asda takes on John Lewis exec February 27, 2012 ASDA has poached John Lewis exec Richard Mayfield to fill the role of chief financial officer. Mayfield, director of partnership services at John Lewis, is to join the retail giant in the summer, replacing acting CFO Rob McWilliam, who is moving to parent firm Wal-Mart as a strategy director. Before working for John Lewis, Mayfield [...]
Asda takes on John Lewis exec February 27, 2012 ASDA has poached John Lewis exec Richard Mayfield to fill the role of chief financial officer. Mayfield, director of partnership services at John Lewis, is to join the retail giant in the summer, replacing acting CFO Rob McWilliam, who is moving to parent firm Wal-Mart as a strategy director. Before working for John Lewis, Mayfield [...]
Sainsburys ups market share as Morrisons lags November 6, 2012 J SAINSBURY, Britain’s third-biggest supermarket group, has lifted its market share, helped by investment in its cheaper own-brand products, industry data showed yesterday. Market researcher Kantar Worldpanel said Sainsbury’s sales rose 6.4 per cent in the 12 weeks to 28 October, increasing its share of the UK grocery market to 16.8 per cent from 16.4 [...]
Tesco posts 10.5 per cent profit drop October 3, 2012 Tesco posted a 10.5 per cent drop in first-half trading profit this morning. Over the six months to 25 August, profit came in at to £1.6bn. A £1bn capital investment programme, to stem a decline in market share to chains such as Asda, Sainsbury’s and Morrisons, was largely responsible for the firm’s first fall in [...]
Tesco posts 10.5 per cent profit drop October 3, 2012 Tesco posted a 10.5 per cent drop in first-half trading profit this morning. Over the six months to 25 August, profit came in at to £1.6bn. A £1bn capital investment programme, to stem a decline in market share to chains such as Asda, Sainsbury’s and Morrisons, was largely responsible for the firm’s first fall in [...]