Supermarket sales slowing as shoppers rein in spending March 1, 2011 SALES growth at grocers slowed in February, despite higher prices, according to market research published yesterday, adding to signs of growing caution among consumers since the start of the year. Kantar Worldpanel said grocery sales rose 3.9 per cent year-on-year in the 12 weeks to 20 February, down from 4.2 per cent growth for the [...]
Morrisons buys baby care website for £70m February 15, 2011 Wm Morrison Supermarkets, the country’s fourth-biggest grocer, is buying online baby products retailer Kiddicare for £70m to kick-start an online business selling non-food goods. Morrison said the deal would give it a technology platform and distribution centre to develop an online non-food business, launching its first products in 2012. The move is part of chief [...]
Morrisons in £70m deal to join web war February 15, 2011 WM MORRISON yesterday announced that it had finally taken the plunge into online retail, splashing out £70m on baby goods firm Kiddicare. The supermarket giant has so far resisted the move to the web while rivals like Sainsbury’s, Tesco and Asda see online sales as vital to their financial health. But the purchase of Kiddicare [...]
Morrisons in slim Xmas sales rise January 10, 2011 Wm Morrison Supermarkets posted a modest rise in Christmas sales – held back by disruption from severe weather and a tough consumer backdrop. Britain’s fourth-biggest grocer behind market leader Tesco, Asda and Sainsbury’s said sales at stores open at least a year rose one per cent excluding fuel and VAT sales tax in the six [...]
Supermarket chains halt Xmas orders in Scotland after weather takes its toll December 13, 2010 SUPERMARKETS and online shops – including Tesco, Sainsbury’s and Asda – have halted orders or suspended deliveries, after last week’s heavy snow weather brought the transport network to a standstill. Many are struggling to cope with a backlog of deliveries after strong downfalls. Couriers including Parcel Force and Home Delivery Network have also been affected, as [...]
Sainsbury’s sales beat Christmas forecasts January 12, 2011 Strong sales of premium groceries and non-food ranges like clothing helped J Sainsbury to report a rise in Christmas sales which analysts expect will be the best among the top four grocers. Britain’s third-biggest supermarket group, which trails market leader Tesco and Wal-Mart’s Asda in terms of annual sales, said on Wednesday sales at stores [...]
Hobbs bags £14m of new investment from backer 3i January 12, 2011 FASHION retailer Hobbs has received a new £14m investment from 3i, its majority shareholder, and appointed former Maximuscle chairman Iain MacRitchie as its new chair. The retailer said that total sales since February 2010 have increased by 12 per cent. The move will also see former Asda executive Tony Campbell step down from Hobbs after [...]
Hobbs bags £14m of new investment from backer 3i January 12, 2011 FASHION retailer Hobbs has received a new £14m investment from 3i, its majority shareholder, and appointed former Maximuscle chairman Iain MacRitchie as its new chair. The retailer said that total sales since February 2010 have increased by 12 per cent. The move will also see former Asda executive Tony Campbell step down from Hobbs after [...]
Asda May 27, 2010 GET ready to slap the change in your back-pocket and shout “that’s Asda Price”: Britain’s number two supermarket has been on a spending spree. At first glance, the £778m that Asda has shelled out for 193 Netto stores looks pricey. The Wal-Mart subsidiary is paying £504 per square foot, mostly for units that are in [...]
Morrisons sees slim Xmas lift January 10, 2011 WM MORRISON Supermarkets posted a modest rise in Christmas sales yesterday, held back by disruption from severe weather and a tough consumer backdrop. Britain’s fourth-biggest grocer behind market leaders Tesco, Asda and J Sainsbury said sales at stores open at least a year rose one per cent, excluding fuel and VAT, in the six weeks [...]