UK retailers are serving up higher high street prices May 16, 2011 ACCORDING to a report issued by economic forecasting group Ernst and Young ITEM Club yesterday, UK retailers are in for a difficult time in the years ahead. The report points to rising inflation and energy bills – without corresponding wage increases – leaving households with less disposable income. “World prices for food, fuel and fibres [...]
Co-operative campaign sustaining momentum April 19, 2011 TWO months ago we looked at the impact of The Co-operative’s “good food within easy reach” advertising campaign that launched at the start of the year. We saw that it had had the effect of increasing perception scores for The Co-operative, taking it, almost overnight, from being below the average for the supermarket sector and [...]
Morrison to offer internet sales September 5, 2010 Dalton Philips, the new chief executive at supermarket Wm Morrison, will use his first big presentation to the City to unveil plans to move into online grocery shopping this Thursday. The announcement will be part of the firm’s half-year results. Analysts have predicted a pre-tax profit of around £400m, a rise of 10 per cent [...]
Morrisons in move towards online sales September 9, 2010 SUPERMARKET giant Morrisons has reported pre-tax profit of £412m for the first half of the year – as it confirmed that it was considering a move into retail. The profit was eight per cent down on the same period last year, but in line with forecasts. Underlying profit was up taking into account a one-off [...]
Commodities rock FTSE as hits lowest level since April May 17, 2011 BRITAIN’S leading share index was driven down by weakness in commodity issues and banks on concerns over global growth which countered results-driven gains by market heavyweight Vodafone. At yesterday’s close, the FTSE 100 index was off 62.69 points, or 1.1 per cent, at 5,861.00, extending its losing streak to a fifth session. It ended below [...]
Morrisons eyes move into online grocery September 9, 2010 Supermarket giant Morrisons has reported pre-tax profit of £412m for the first half – as it confirmed that it was considering a move into online retail. The profit was eight per cent down on the same period last year, but in line with forecasts. Underlying profit was up taking into account a one-off payment in [...]
Morrisons eyes move into online grocery September 9, 2010 Supermarket giant Morrisons has reported pre-tax profit of £412m for the first half – as it confirmed that it was considering a move into online retail. The profit was eight per cent down on the same period last year, but in line with forecasts. Underlying profit was up taking into account a one-off payment in [...]
M&S sales in surprise lift April 6, 2011 MARKS and Spencer yesterday lifted some of the gloom surrounding the retail sector with a slim sales rise – but the company warned that times will get tougher. The chain – which had been expected to report a sales slump – was given a boost from its food section. Overall its UK like-for-like sales rose [...]
M&S sales in surprise lift April 6, 2011 MARKS and Spencer yesterday lifted some of the gloom surrounding the retail sector with a slim sales rise – but the company warned that times will get tougher. The chain – which had been expected to report a sales slump – was given a boost from its food section. Overall its UK like-for-like sales rose [...]
ANALYST VIEWS: WHAT HAS CAUSED THE SLOWDOWN AT SAINSBURY’S? March 23, 2011 NICK BUBB | ARDEN Sainsbury’s was very pleased with itself for delivering 3.6 per cent like-for-like growth in its third-quarter, but once higher VAT and the benefit of store extensions were stripped out the performance wasn’t so impressive. We maintain a ‘weak Hold’ view. We would switch to Morrisons. CLIVE BLACK | SHORE CAPITAL The [...]