Tesco in new online push January 21, 2013 TESCO intensified its dotcom push yesterday by opening its fifth “dark store” near Crawley, West Sussex. The dotcom store, which will create 700 jobs, will serve only online shoppers. The supermarket typically offers an instore pick-up service for its online customers, but is ramping up its dotcom store presence thanks to growing demand in and [...]
Tesco must rein in the runaway horse lasagne scandal February 12, 2013 THREE weeks ago I wrote in this column that Tesco had suffered an immediate image impact after the revelations over horsemeat in burgers – but that the supermarket giant was already starting to recover and the story could prove to be a storm in a teacup. Our measurement of brand perception – called the Index [...]
Horsemeat scandal spreads to Tesco Value spaghetti bolognese February 11, 2013 TESCO was last night forced to admit that some of its Everyday Value spaghetti bolognese contained 60 per cent horse, as the scandal over the mislabelling of meat continued to spread. Environment secretary Owen Paterson told the House of Commons that he had ordered all meat producers and retailers to commence regular testing of all [...]
Sainsbury’s wins battle of the big supermarkets with rise in sales… October 2, 2013 SAINSBURY’S chief executive Justin King yesterday conceded that the days of Britons shopping at one supermarket were over as the grocer posted strong second quarter sales yesterday ahead of rivals. King said the growing strength of discounters such as Aldi reflected this change in shopping behaviour. “I should think all of our shoppers are shopping [...]
Sainsbury’s to open dark store to meet online demand October 13, 2013 J SAINSBURY is to open its first dark store to support fast-growing demand for its online grocery service in London and the south east. The dark store – so-called because it is not open to the public and only fulfils online orders – will open in Bromley-By-Bow, east London, within the next few years, the [...]
Barclays wins Amec as latest broking client September 25, 2013 BARCLAYS continued the growth of its corporate broking business by winning the mandate to act as joint broker to Amec, the FTSE 100 listed engineering group, alongside Bank of America Merrill Lynch (BofAML). The appointment comes just days after Amec abandoned plans to make a £700m bid for Kentz, the oil services group. Amec was [...]
LoveFilm falls into the red due to investment September 22, 2013 ONLINE film and DVD service LoveFilm posted a loss of £21.2m in 2012, falling into the red due to an increase in costs. The company, which was acquired by US online retail giant Amazon in 2010, made a profit of £14m in 2011. But last year its earnings were hit by the cost of interest [...]
British Land snaps up mall September 4, 2013 BRITISH Land has bought a 50 per cent stake in Bath’s SouthGate shopping centre for £101m. The property giant, has been on a spending spree since raising almost £1bn in March through its placing and the sale of Ropemaker Place. In April it paid £48m for Tesco’s 50 per cent stake in Surrey Quays shopping [...]
Retail bosses fight back after Labour attack August 11, 2013 HIGH street giants Tesco and Next have lashed out at Labour after the party branded them “unscrupulous employers” and claimed they preferred cheap Eastern European staff over British workers. Shadow immigration minister Chris Bryant will today call out hiring procedures at the two firms as part of a wide-ranging attack on businesses that use [...]
Bottom Line: Head this way for destination retail August 11, 2013 TESCO unveiled its revamped hypermarket in Watford last week to much fanfare. The 80,000 square foot store is a crucial test-bed for the “retail destination” concept Tesco is creating to tackle declining footfall as the digital revolution bites. Tony Hoggett, Tesco Extra head, said the store – with its community room, Euphorium bakery, Giraffe [...]