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 [...]
RAPID RESPONSES October 13, 2011 Smaller portions Actually, the idea that most food was local 100 years ago [Celebrate Big Food, in yesterday’s Forum] is a long way from the truth. In 1900 both J Sainsbury and Lipton stores carried a huge range of imported food from the Empire and the Continent. Egyptian quails, Bordeaux pigeons as well as French, [...]
Oh Hoare Govett. What’s in a name? December 20, 2011 I was told yesterday that a private equity group has approached a former star from Hoare Govett to look at ways of extricating the group from its troubled parent RBS. Though the identity of the individual is a mystery, there is some logic to the idea. Hoare Govett, despite years of being in the hands [...]
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 [...]
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 [...]
FTSE extends rally after Eurozone deal October 28, 2011 THE FTSE 100 resumed its rally in early trading but gains were modest compared with yesterday when the Eurozone’s debt plan breathed new life into flagging global markets. World stocks headed for their best week in over two years bolstered by EU leaders’ efforts to contain the Eurozone debt crisis by increasing the bailout fund [...]
Wine merchant gives supermarkets run for money November 14, 2011 WHEN Majestic halved its minimum purchase from 12 bottles to six in September 2009, it transformed the business. Customers who had never shopped there before gave it a try; profits and sales have grown at double digit rates ever since. Until now. In the first six weeks of its second half, like-for-like sales dipped by [...]
Wine merchant gives supermarkets run for money November 14, 2011 WHEN Majestic halved its minimum purchase from 12 bottles to six in September 2009, it transformed the business. Customers who had never shopped there before gave it a try; profits and sales have grown at double digit rates ever since. Until now. In the first six weeks of its second half, like-for-like sales dipped by [...]