Tesco chief resigns after turning the brand around November 27, 2019 Tesco’s chief executive Dave Lewis will leave the Big 4 retailer next summer, an announcement that sent shock waves across the industry. Tesco is currently the highest-ranking retailer in the FTSE 100 thanks to Lewis’ turnaround plan implemented shortly after his arrival in 2014. At the time Tesco was facing a crisis following the million-pound [...]
Sainsbury’s sales dip while Ocado and Lidl gain in latest grocer data June 26, 2018 Sainsbury's was the only supermarket to see a decline in sales during the 12 weeks to 17 June, new data shows. Sales slipped by £10m compared to the same period last year, bringing its market share down to 15.6 per cent, according to Kantar Worldpanel. Tesco, Asda and Morrisons also all lost market share despite [...]
Supermarket chain Iceland takes a hit as insurers freeze out suppliers October 20, 2019 Suppliers to supermarket chain Iceland are said to have had their insurance cover cut amid concerns about the impact of Brexit on the company’s supply chain. Paris-based insurer Euler Hermes reduced the credit cover it provides to Iceland’s suppliers over the summer, while rival Atradius is also mulling a possible cut, the Sunday Times reported. [...]
Sainsbury’s beats rivals to report sales growth October 15, 2019 Sainsbury’s beat its rivals to become the only major UK supermarket to report sales growth in the last 12 weeks. The grocer’s sales increased 0.6 per cent, its fastest rate since October last year, while the other “Big Four” supermarkets- Tesco, Asda and Morrisons – saw sales decline 0.2 per cent, 0.9 per cent and [...]
Sainsbury’s outperforms big four rivals September 17, 2019 Sainsbury’s was the best performing of the big four supermarkets, according to industry data for the latest 12 week period, as the UK grocery market returned to growth. The supermarket saw sales dip 0.1 per cent in the 12 weeks to 8 September. Read more: Aldi targets London expansion as profit falls Rival grocers Tesco. [...]
Debate: After Tesco revealed plans to launch a discount chain, can it compete with Aldi and Lidl? | City A.M. July 24, 2018 After Tesco revealed plans to launch a discount chain, can it compete with Aldi and Lidl? Yes – Tim Smith is head of retail at Konica Minolta Marketing Services. One of Tesco’s strengths is having the confidence to observe and learn from the work of other retailers. After investing in the customer journey and looking [...]
Are UK supermarkets ready for Brexit? September 25, 2019 “One can say very clearly what the direction will be: higher prices, less choice, and poorer quality, because all of those dimensions have been improved by these open trading relationships that we’ve had over the last 40 years […] Brexit, almost in whatever version it is, will introduce friction, it will introduce barriers. That makes [...]
Amazon breaks $200bn mark as world’s most valuable brand January 22, 2020 Online retail titan Amazon has defended its position as the world’s most valuable brand for a third year in a row, with the firm becoming the first to break the $200bn (£153bn) mark. Jeff Bezos’ company is worth $220.8bn in total, over $60bn more than second-placed Google, which is worth $159.7bn, according to the annual [...]
Why banning after-work emails is a bad idea November 25, 2019 From “Massage Mondays” to “Drinks Trolley Fridays”, many organisations have started putting wellbeing initiatives in place to combat burnout. Even airports are thinking about the wellbeing of their customers by bringing puppies and pigs into their lounges to calm passengers facing delayed flights. But how effective are these initiatives in actually reducing stress? Double-edged sword [...]
Failed Asda merger ‘trigger’ for Sainsbury’s CEO Mike Coupe’s exit January 22, 2020 The departure of Sainsbury’s boss Mike Coupe’s was sparked by the failure to merge the supermarket with rival Asda, analysts said today. Industry experts said it was impossible to look beyond the failure of the Asda merger, and felt his resignation – announced today – was simply a matter of time. Coupe was caught on [...]