Tesco wins ad battle v Asda September 22, 2010 Supermarket giant Tesco has won a battle to get a campaign run by rival Asda banned after complaining to the ad watchdog that claims in the ad that it offers lower prices than rivals were misleading. Tesco lodged a complaint with the Advertising Standards Authority challenging three claims made by Asda as part of its [...]
THE TIPSTER May 9, 2011 SAINSBURY’S, the third largest supermarket by market share after Tesco and Asda, is expecting a rise in pre-tax profit by eight per cent to £659m when it reports on Wednesday. The top three chains have all dropped market share since April 2010, which suggests shoppers may be looking for cheaper alternatives such as Aldi and [...]
THE TIPSTER May 9, 2011 SAINSBURY’S, the third largest supermarket by market share after Tesco and Asda, is expecting a rise in pre-tax profit by eight per cent to £659m when it reports on Wednesday. The top three chains have all dropped market share since April 2010, which suggests shoppers may be looking for cheaper alternatives such as Aldi and [...]
Asda unveils £100m brand make-over September 21, 2010 THE unveiling of Asda’s Chosen By You range saw chief executive Andy Clarke take centre stage as he claimed the £100m project would be “game changing” because it was the first time a supermarket had put so much time and money into updating its mid-range products. More than 40,000 consumers across the UK took part [...]
US investor gives Home Retail a boost April 5, 2011 HOME Retail Group saw its shares jump yesterday after US private equity firm Madison Dearborn Capital Partners upped its stake. The Argos and Homebase owner issued a profit warning last month but was buoyed by the move from across the Atlantic. Tradewinds Global Investors, controlled by Chicago-based Madison, held 4.25 per cent of Home Retail’s [...]
Morrisons plans Davies range February 6, 2011 Morrisons plans to launch a fashion range in partnership with designer George Davies, founder of Next. Advanced talks between Morrisons and Davies are expected to conclude this month, clearing the way for a range to be launched as early as the autumn. Davies created rival retailer Asda’s successful George clothing range.
Sainsbury’s misses quarter four target as times get tough March 23, 2011 J Sainsbury, the third-biggest supermarket group, missed fourth-quarter sales forecasts and said trading was likely to remain tough as shoppers face rising fuel prices and government spending cuts. The group, which trails Wal-Mart’s Asda and industry leader Tesco by annual sales, said on sales at stores open over a year rose one per cent, excluding [...]
Sainsbury’s misses quarter four target as times get tough March 23, 2011 J Sainsbury, the third-biggest supermarket group, missed fourth-quarter sales forecasts and said trading was likely to remain tough as shoppers face rising fuel prices and government spending cuts. The group, which trails Wal-Mart’s Asda and industry leader Tesco by annual sales, said on sales at stores open over a year rose one per cent, excluding [...]
Wal-Mart sales still slide February 22, 2011 WAL-MART yesterday posted its seventh consecutive quarterly drop in sales at established US stores and said it will take some time to turn things around in its biggest market. The world’s largest retailer, whose shares closed down 3.1 per cent, has struggled with pricing as it has lost customers to cheaper stores while recovering from [...]
Morrisons profit up as it unveils share buyback March 10, 2011 Supermarket group Morrisons has reported a rise in annual profit and issued details o f a share buyback plan. The company announced a pre-tax profit of £874m for the 12 months to the end of January, up from the £858m it made in the same period a year ago. Like-for-like sales, excluding fuel and VAT, [...]