Morrisons loses market share to its competitors January 14, 2014 WM MORRISON’S troubles over Christmas were further underscored yesterday by figures that showed that the grocer was the only one of the big four supermarkets to suffer a fall in overall sales in the past 12 weeks. Kantar Worldpanel data showed the retailer’s market share dropped to 11.5 per cent in the 12 weeks to [...]
Sainsbury’s chief to step down after ten year rule January 29, 2014 SAINSBURY’S chief executive Justin King is to step down after ten years at the helm, having overseen nine years of consecutive growth and restored the company’s status as Britain’s second largest supermarket chain. King will step down at the company’s annual general meeting in July, when he will be replaced by Sainsbury’s commercial director Mike [...]
Bottom Line: Supermarket needs to focus on web and sales, not real estate January 12, 2014 THE debate being waged over whether Morrisons should sell some of its freehold estate surely misses the point about the grocery chain’s future. There is nothing wrong with the structure of Morrisons’ estate that a little tinkering can not remedy. And it will remain, as it has insisted, “overwhelmingly freehold” – that is as long [...]
Inside Track: The EU’s rules to cap bankers’ bonuses aren’t working January 15, 2014 CREATE a loophole and bankers will leap through it quicker than you can say “deferred compensation”: that seems to be one of the axioms of the aftermath of the financial crisis. Examine the consequences of the European Commission’s cap on the multiple of salaries that banks can dish out in variable pay, though, and the [...]
Grocery sales grow at slowest pace since 2005 February 11, 2014 BRITAIN’S grocery market is growing at its slowest pace since 2005, with only discounters as well as Waitrose and Sainsbury’s defying the downturn and growing market share. Figures out yesterday from Kantar Worldpanel showed that grocery sales rose by 2.4 per cent in the 12 weeks to 2 February compared with the same time last [...]
Britain’s four leading supermarkets lose share to discounters November 19, 2013 BRITAIN’S big four supermarkets have all lost market share for the first time on record while discount retailer Aldi claimed another record share, new data shows. Tesco, Sainsbury’s, Asda and Morrisons saw their sales growth dip below the market average of 3.2 per cent in the 12 weeks to 10 November, Kantar Worldpanel said yesterday. [...]
Domino’s takes away bumper sales growth in 2013 January 8, 2014 Domino's Pizza has seen like-for-like sales jump by an impressive 10.9 per cent in its 670 UK mature stores in the 13 weeks to 29 December. The takeaway food company said the rise in sales was partly driven by increased digital marketing activity, as well as a more favourable timing of the Christmas break compared [...]
M&S sales lose their shine after poor Christmas January 6, 2014 MARKS & Spencer is set to report poor festive trading this week as heavy discounting activity in the run-up to Christmas failed to spark a late surge in spending. Analysts predict the retailer will report a drop in third quarter general merchandise sales of as much as 1.5 per cent, despite a highly publicised revamp [...]
Mutuals will stay high street bit players for many Christmases yet December 17, 2013 MUTUALS and co-operatives have been promoted as the acceptable side of business by both arms of the coalition. Nick Clegg has lauded the Waitrose and John Lewis model. Advisers to David Cameron, as well as Vince Cable, have argued that the banking sector would be more stable if more companies followed the mutual model. But [...]
Domino’s CEO resigns for new role in private equity backed firm December 6, 2013 The chief executive of Domino's Pizza Group, Lance Batchelor has resigned and will be leaving for a new job from 30 April 2014. Chairman of Domino's Pizza Group, Stephen Hemsley commented: Lance has been offered a new role in a significant private equity backed company and as a result has tendered his resignation. His new [...]