Stobart confident after tough first half October 25, 2012 HAULIER Stobart said yesterday it plans to push further into the air and biomass sectors after the group relied on tight cost management to offset the pressure being placed on its core transport business by nervous retailers. The company, whose Eddie Stobart trucks deliver goods to retailers like Tesco, on Thursday reported underlying pretax profit [...]
Stobart confident after tough first half October 25, 2012 HAULIER Stobart said yesterday it plans to push further into the air and biomass sectors after the group relied on tight cost management to offset the pressure being placed on its core transport business by nervous retailers. The company, whose Eddie Stobart trucks deliver goods to retailers like Tesco, on Thursday reported underlying pretax profit [...]
Tesco to fight back with £1bn revival scheme April 18, 2012 TESCO revealed yesterday it would be spending £1bn on reviving its UK business as the supermarket giant attempts to restore sales growth and make customers “fall back in love again” with the brand. Chief executive Philip Clarke outlined a six-point plan to hire 8,000 more staff, create “warmer” stores, lower prices and improve products after [...]
Online shopping is masking the birth of hybrid retailers January 15, 2013 THE fall of yet another iconic British retailer, HMV, does little to assuage fears that the high street in its current form is in terminal decline. The statistics are bleak. According to a survey by PwC and the Local Data Company, 32 stores closed each day in July and August 2012. Over one gloomy five [...]
Cheap doesn’t always mean bad but be prepared for a challenge October 29, 2012 bottleopener@cityam.com THE £5 bottle of wine has long been a staple in everyone’s shopping baskets but that’s changing. Today’s 20 per cent VAT and the general impact of inflation is quickly making it nothing more than a distant memory. With that in mind, accompanied by six City A.M. readers, I set on a quest to [...]
Best of the Brokers September 24, 2012 GAMES WORKSHOP Peel Hunt yesterday reiterated its “buy” recommendation for Games Workshop and raised its target price for the company from 700p to 750p. The broker said following the group’s annual general meeting held last week “it was particularly clear” that the substantial changes over the last few years have resulted in a much stronger [...]
Tesco facing investor pressure over strategy April 9, 2012 A MAJOR shareholder in Tesco has called on the retailer to rethink its strategy and improve its struggling domestic business. Legal & General Investment Management said the company needed to think about its capital allocation and return on capital. “It needs to think long and hard about what it wants to be — can it [...]
Flailing high street has worse to come in the year ahead January 6, 2013 AFTER holding their breath for the last few weeks, some retailers can at last allow themselves a cautious sigh of relief. Positive sales numbers from the likes of John Lewis and Next have given the sector a much-needed dose of optimism, resulting in a slight hike in share prices for some of the larger players. [...]
Tesco to unveil shake-up amid dismal figures April 15, 2012 TESCO is expected this week to reveal further dismal trading in the fourth quarter of this year as Britain’s largest supermarket unveils plans for its strategic overhaul of the business. In its full-year results on Wednesday, the retailer is expected to reveal a one-1.7 per cent fall in UK like-for-like sales in the three months [...]
Tesco in £1bn plan to breathe new life into business April 18, 2012 Tesco said it would spend £1bn this year overhauling its underperforming UK business and will rein in expansion as it seeks to win back market share and calm nervous shareholders. It said that the blueprint to revitalise its most important market, which it conceded was not a radical change of direction, would focus on improving [...]