Top retailers lose out on £500m in online market September 18, 2011 SOME of the UK’s retail giants are missing out on millions in online sales as they fail to grasp the potential of new technology, a survey shows today. The UK’s best known brands were found to have squandered a potential £500m in sales between 2007 and 2010. According to research from Oxford Economics, supermarket giant [...]
M&S poaches Tesco’s online guru Wade-Gery February 7, 2011 Upmarket retailer Marks & Spencer has poached Laura Wade-Gery from supermarket group Tesco to head its internet business, underscoring new boss Marc Bolland’s commitment to online sales growth. M&S, the UK’s biggest clothing retailer, said Wade-Gery is to join as executive director of multi-channel and e-commerce at a time and on terms to be confirmed. [...]
ROTHSCHILD GIVES STAFF ITS TURKEY OF A BONUS October 23, 2011 EVERY little helps, as the Tesco slogan goes. So the price-conscious supermarket giant will be pleased to learn that the competitively remunerated London employees of Rothschild receive daily luncheon vouchers for the sum of £3 that can be refunded in any of its stores. But Rothschild’s solicitous attempts to ensure its workforce is well fed [...]
ROTHSCHILD GIVES STAFF ITS TURKEY OF A BONUS October 23, 2011 EVERY little helps, as the Tesco slogan goes. So the price-conscious supermarket giant will be pleased to learn that the competitively remunerated London employees of Rothschild receive daily luncheon vouchers for the sum of £3 that can be refunded in any of its stores. But Rothschild’s solicitous attempts to ensure its workforce is well fed [...]
Retail sales up with gadgets boost October 20, 2011 Retail sales grew more than expected in September after a surprise increase in sales of laptops and video games, the Office for National Statistics said. The ONS said sales volumes including automotive fuel rose by 0.6 per cent on the month after a fall of 0.4 per cent in August, giving an annual rise of [...]
WHAT THE OTHER PAPERS SAY THIS MORNING November 28, 2011 FINANCIAL TIMES LLOYDS SET TO EASE PRESSURE ON CHIEF Lloyds Banking Group is exploring ways to reduce the workload on António Horta-Osório, its chief executive, as it attempts to convince investors he will be able to make a successful comeback from a period of medical leave. The state-backed bank is considering fortifying the support around [...]
Tesco targets Asda in new price scheme February 27, 2011 TESCO will today start a new supermarket price war by introducing £200m worth of reductions. The retailer plans to lower prices on more than 1,000 everyday products including bread, meat, vegetables and fruits, and medicines across all of its UK stores. The key target in Tesco’s latest promotion is rival Asda – owned by US supermarket giant [...]
Here is the Next step for Marks & Spencer to take November 8, 2011 TWENTY years ago, the UK was in recession and Marks & Spencer had just changed its boss: some things never change. Under Rick Greenbury, M&S went on to have a good 1990s, before over-expansion led to the inevitable and painful correction, under a new management team. Twenty years on, the competition is much tougher and [...]
Tesco set to outpace global rivals February 17, 2011 Tesco, the world’s third-biggest retailer, is set to outpace sales growth at major global rivals, driven by its expansion in Asia, according to international food and grocery analyst IGD. The supermarket group will see sales grow at a compound annual rate of 7.5 per cent from 2010-15, or 44 per cent in total, to reach [...]
Morrisons share edges up as thrift is order of the day September 13, 2011 MORRISONS has emerged as the current market share winner among the big four grocers as consumers look for savings in the tough economic environment. The grocer’s market share improved to 11.5 per cent in the 12 weeks to 4 September compared to 11.4 per cent in the comparable period last year, figures from Kantar Worldpanel [...]