Tesco sales growth slows January 31, 2012 Sales growth at Tesco has slowed to just half that of the broader grocery market as rivals like Wal-Mart’s Asda and J Sainsbury gain share, data showed. Market research by Kantar WorldPanel showed grocery sales in Britian climbed 4.2 per cent year-on-year in the 12 weeks to January 22 compared with 4.8 per cent in [...]
Tesco: the fastest growing of the top four global grocers March 14, 2012 TESCO may be losing market share in the UK, but the supermarket chain is forecast to grow faster than its three main global rivals over the next three years, according to research by retail analyst IGD. The grocer is set to grow at an annual rate of 6.8 per cent between 2011 and 2015, compared [...]
Sainsbury’s sales and market share rise March 21, 2012 J Sainsbury, Britain’s third-biggest supermarket group, beat forecasts for fourth quarter sales growth as it won market share from rivals. “We continue to outperform the market and gain market share,” said chief executive Justin King. He said although the economic climate was likely to remain challenging Britain’s roster of summer events, including celebrations to mark [...]
Morrisons profit up – but predicts tough 2012 March 8, 2012 Britain’s fourth-biggest grocer Wm Morrison said the UK grocery market was likely to remain subdued in the coming year despite easing inflationary pressures as it posted a eight per cent rise in year profit. “We expect a challenging year in 2012,” the firm said on Thursday, adding that it still expected to deliver profitable growth. [...]
Clarke will need more than £1bn to reverse curse of complacent incumbency April 18, 2012 LET’S keep things in perspective here. Tesco isn’t exactly struggling, although you wouldn’t know it from the bad publicity that has plagued it since a profit warning in January. Group profit of £3.83bn was up by five per cent last year on revenues that were seven per cent higher at £72bn. A distressed retailer this [...]
Clarke will need more than £1bn to reverse curse of complacent incumbency April 18, 2012 LET’S keep things in perspective here. Tesco isn’t exactly struggling, although you wouldn’t know it from the bad publicity that has plagued it since a profit warning in January. Group profit of £3.83bn was up by five per cent last year on revenues that were seven per cent higher at £72bn. A distressed retailer this [...]
Rio Tinto decides that diamond mines are not forever March 27, 2012 DEMAND for diamonds is booming. Tiffany, the luxury jeweller that is famous for using the precious stones in its pieces, earlier this month said its worldwide sales jumped 15 per cent in 2011 and warned that supplies were struggling to keep up. Gem Diamonds, which counts Tiffany as one of its biggest clients, reported a [...]
Rio Tinto decides that diamond mines are not forever March 27, 2012 DEMAND for diamonds is booming. Tiffany, the luxury jeweller that is famous for using the precious stones in its pieces, earlier this month said its worldwide sales jumped 15 per cent in 2011 and warned that supplies were struggling to keep up. Gem Diamonds, which counts Tiffany as one of its biggest clients, reported a [...]
Tesco’s marketing strategy needs a new broom in 2012 to sweep away its Clubcard January 12, 2012 THESE were bad figures, Tesco can’t get away from that. Britain’s biggest retailer reported its worst Christmas sales performance for decades on Thursday and warned it would see minimal profit growth next year. Down 1.3 per cent like-for-like (including VAT) in the UK was much worse than any other figures we’ve had from the major [...]
Tesco’s market share takes a fresh tumble February 15, 2012 TESCO endured a double blow yesterday, as it suffered a fresh drop in UK market share in the latest Nielsen figures, and set a leaving date for its long-standing director Andrew Higginson. The supermarket giant’s share of the UK grocery market fell 0.5 percentage points on a year ago in the three months to 4 [...]