Sainsbury’s takes the lead at Christmas January 8, 2013 SAINSBURY posted the highest sales growth of the so called big four grocers in the run-up to Christmas and was the only one to grow market share, data revealed yesterday. Figures from Kantar Worldpanel showed Britain’s grocery market grew 3.2 per cent in the 12 weeks to 23 December, with the strongest growth at the [...]
Hilton agrees Australian venture January 10, 2013 Hilton Food, the meat packing company which supplies major retailers including Tesco, yesterday reported a “solid” performance in the UK and Ireland last year and said that it had performed in line with board expectations. The group, which is due to publish its full-year results in March, also announced it is stepping up its expansion [...]
Grocers set to unveil festive trading figures January 7, 2013 TESCO is expected to emerge as the winner of a tough Christmas trading period for Britain’s big four supermarkets as weak consumer confidence, falling real incomes and rising real prices put pressure on the sector. Analysts predict the grocer will on Thursday post a one per cent rise in UK like-for-like sales for the six [...]
Suppliers back quarterly tests for horsemeat February 18, 2013 ENVIRONMENT minister Owen Paterson last night said food retailers will conduct tests for horse- meat in processed beef products every three months, in an attempt to restore consumer confidence in the industry. “There was absolute determination in the industry to restore confidence in their products, and I’m pleased to say we look forward to meeting [...]
Waitrose smashes Christmas sales records January 3, 2013 WAITROSE yesterday toasted record trading in the run-up to the New Year after the grocer said aggressive promotions on products such as champagne and its Brand Price Match campaign helped to lure customers from rivals. The upmarket supermarket, which is owned by John Lewis, said like-for-like sales rose 5.4 per cent between 18 December New [...]
The good, the bad January 10, 2013 THE DIVIDED state of the UK retail sector was brought into sharp focus yesterday as an upbeat Tesco and Shop Direct claimed victory in the Christmas retail wars, while Marks and Spencer suffered the fallout of a worse-than-expected festive period. Following muted performances by rivals Sainsbury’s and Morrisons, a resurgent Tesco revealed its strongest sales [...]
Greencore warns UK market showing little or no growth January 29, 2013 FOOD group Greencore yesterday said a “challenging UK food market” has resulted in flat like-for-like sales in the first quarter of the year. The company, which makes prepared meals and sandwiches for retailers such as Tesco and Asda, said sales at its convenience food division rose 2.5 per cent to £285.8m in the 13 weeks [...]
GENESIS SINGER CREATES DEAL WITH TESCO June 14, 2012 TESCO yesterday snapped up We7, the London-based digital music business, for £10.8m. Former Genesis frontman Peter Gabriel, who co-founded the company alongside Steve Purdham in 2007, is set to pocket £2m from the deal. The business has yet to make a profit, but Purdham said earlier this year the milestone is not far away.
FTSE 100 edges up as retailers in spotlight January 10, 2013 After hitting a four-year high during trading yesterday, the FTSE 100 continued its momentum this morning and was trading modestly up, with supermarket giant Tesco an early leader. This morning the supermarket posted its strongest UK growth over three years, as it said like for like UK sales were up by 1.8 per cent over [...]
Aviva signs life insurance deal with Tesco Bank June 26, 2012 INSURANCE giant Aviva yesterday announced a five-year deal with supermarket firm Tesco that will enable it to sell life protection to UK retail customers. The deal gives Aviva the exclusive rights to sell three simplified products through the Edinburgh-based Tesco Bank business – life insurance, over 50s life insurance and life insurance with critical illness [...]