Sainsbury’s in profits boost from new stores November 9, 2011 New stores and demand for online and convenience shopping helped grocer J Sainsbury to meet forecasts with a rise in first-half profit in a tough trading environment that the group said was set to continue. Britain’s third-biggest supermarket group behind Wal-Mart’s Asda and industry leader Tesco said profits before tax and one-off items rose 6.6 [...]
Wal-mart’s plan to absorb food prices hits gains November 15, 2011 WAL-MART’S decision to absorb rising food costs for its stressed US shoppers has weighed on profitability, the firm admitted yesterday, even as key US sales rose for the first time in more than two years. Wal-mart, the US grocery giant that owns Asda, said sales at stores open more than a year rose a higher-than-expected [...]
Sainsbury’s to join price match battle October 9, 2011 SAINSBURY’S will turn up the heat this week in the price war between the UK’s leading supermarkets with a pledge to match thousands of prices at rivals Tesco and Asda. The supermarket announced yesterday that it will start its “brand match” campaign this Wednesday, just two weeks after Tesco launched a £500m “Big Price Drop” [...]
Sainsbury’s to join price match battle October 9, 2011 SAINSBURY’S will turn up the heat this week in the price war between the UK’s leading supermarkets with a pledge to match thousands of prices at rivals Tesco and Asda. The supermarket announced yesterday that it will start its “brand match” campaign this Wednesday, just two weeks after Tesco launched a £500m “Big Price Drop” [...]
UK’s plan to cut sick bills November 13, 2011 WHITEHALL Mandarins are understood to be close to finalising a deal aimed at cutting the UK’s £13bn sickness absence bill. Officials hope to have new rules ready by the end of the month to discourage sick leave, including enrolling workers on a health insurance scheme. The plan could see workers – as well as employers [...]
CITY MOVES | WHO’S SWITCHING JOBS December 18, 2011 The Miles Partnership Sue Shipley is to join the search firm as a partner to specialise in retail. Shipley was previously the global practice leader at Odgers Berndtson, where she led successful searches for the chief executives of Primark and Thorntons, the managing director of Wickes, and the director general of the British Retail Consortium. [...]
Tesco rapped over Asda claim April 13, 2011 Supermarket giant Tesco has been reprimanded for making misleading claims about rival Asda prices. In a national press advertisement, Tesco featured a selection of fresh food products displaying their in-store prices, and those of the same or equivalent products at Asda. Tesco was hitting back at Asda’s price guarantee campaign which guarantees the price of [...]
Tesco rapped over Asda claim April 13, 2011 Supermarket giant Tesco has been reprimanded for making misleading claims about rival Asda prices. In a national press advertisement, Tesco featured a selection of fresh food products displaying their in-store prices, and those of the same or equivalent products at Asda. Tesco was hitting back at Asda’s price guarantee campaign which guarantees the price of [...]
Prices tumble at UK’s stores November 8, 2011 PRICE wars between supermarkets are driving down the cost of food and other items, as stores fight for the attention of increasingly squeezed shoppers. Food was half a per cent cheaper last month than in September, the British Retail Consortium (BRC) revealed this morning. Tesco has been pushing its “Big Price Drop”, while Asda’s “Price [...]
Prices tumble at UK’s stores November 8, 2011 PRICE wars between supermarkets are driving down the cost of food and other items, as stores fight for the attention of increasingly squeezed shoppers. Food was half a per cent cheaper last month than in September, the British Retail Consortium (BRC) revealed this morning. Tesco has been pushing its “Big Price Drop”, while Asda’s “Price [...]