The Co-operative steals supermarket crown as strongest non-discounter, according to Kantar figures – as grocery sector boosted by New Year healthkicks February 9, 2016 The UK's struggling grocery sector has been given a shot in the arm from shoppers on a health kick, with sales up 0.2 per cent as consumers seek out fresh foods. The Co-operative was the fastest growing supermarket, outside of the discounters, in the 12 weeks to 31 January – the first time it can claim [...]
Tesco opens second hot food store format in Villiers Street, Embankment March 31, 2015 Tesco may be on course to shut down 43 underperforming stores as new management tries to get the business back on track, but it's not standing still when it comes to opening its new food format stores. The troubled supermarket opened its second store – which serves hot food for breakfast, lunch and dinner, as well [...]
Asda sales fall again after Walmart-owned supermarket suffers one of its toughest years yet February 18, 2016 Asda has reported its sixth consecutive quarter of decline, after what the supermarket chain described as one its the toughest years yet. Like-for-like sales slumped by 5.8 per cent in the 13 weeks to 1 January, its fourth financial quarter, taking full-year sales down by 4.7 per cent. This was an acceleration on the third [...]
More boardroom shake-ups at Tesco and Marks & Spencer March 4, 2015 THE BOARDROOM clear out at supermarket giant Tesco continued yesterday, while high street icon M&S announced a new board role for its current chairman. Tesco, the UK’s biggest retailer, said non-executive director Gareth Bullock would retire from the main board today, but remain on the board of Tesco Bank. The company beefed up its board yesterday [...]
Tesco hires BP vice president Byron Grote March 4, 2015 BP director and vice president Byron Grote is joining Tesco's board as the troubled supermarket looks to bolster its financial experience. Grote, who has been at BP since it acquired Standard Oil of Ohio in 1987, joins the Tesco board on May 1 as a non-executive director. The grocer said he brought “extensive executive [...]
FTSE posts biggest one-day gain in over two months – London Report December 16, 2015 The top FTSE index rose yesterday after eight straight sessions of falls, with supermarkets, commodity stocks and firms with South African exposure among the companies rebounding from previous falls. The FTSE 100 was up 2.5 per cent at 6,017.79 points at its close, its biggest one-day gain in over two months, having fallen 8.5 per [...]
Black Friday 2015 UK: Currys PC World has already had a record-breaking start to the deals day November 27, 2015 Currys PC World has reported its best-ever start to Black Friday, with more than seven million shoppers visiting its site already this week and eight items being sold every minute so far this morning. Yesterday's traffic to the electricals specialist almost matched that of Boxing Day last year – typically retailers' busiest day in the [...]
Petrol prices will fall throughout January to catch up with the latest slump in the oil price January 13, 2016 The supermarket petrol price war is set to intensify, as the "lower for much longer" mantra sweeps through global oil markets. Oil has fallen around 15 per cent since all big four supermarkets – Sainsbury's, Tesco, Asda and Morrisons – slashed diesel prices to below £1 earlier this month. "It takes two to three weeks [...]
Coffee-to-go speculation at Tesco as another top executive departs March 9, 2015 TESCO yesterday lost another senior executive after the man in charge of its in-store dining, Michael Holmes, stepped down. Holmes served as the director of a number of Tesco’s businesses, including restaurant chain Giraffe, coffee shop Harris + Hoole, in-store restaurant Decks and Tesco’s Euphorium bakeries. The exit follows a string of departures that have [...]
Black Friday UK 2015: Here’s how retailer websites Argos, Amazon, John Lewis, Currys and more are holding up as people hunt for deals November 26, 2015 Customers hunting for Black Friday deals are being held back by the slowness of retailers' websites, with Argos customers waiting nearly 10 seconds to bag a bargain in some instances. The Argos website had temporary service issues for 15 minutes on the Friday before the biggest shopping day of the year, according to website analyst firm Capacitas. [...]