Supermarkets grow ahead of shopping malls December 8, 2013 THE AMOUNT of space being added by UK supermarkets has overtaken that being added by shopping centres for the first time, despite some retailers calling an end to the space race as consumers shift to shopping online. The pipeline of grocery developments has grown by 67 per cent, or 19.24m square feet (sq ft) since [...]
Britain’s four leading supermarkets lose share to discounters November 19, 2013 BRITAIN’S big four supermarkets have all lost market share for the first time on record while discount retailer Aldi claimed another record share, new data shows. Tesco, Sainsbury’s, Asda and Morrisons saw their sales growth dip below the market average of 3.2 per cent in the 12 weeks to 10 November, Kantar Worldpanel said yesterday. [...]
John Lewis first half profits take £50m hit after holiday pay error September 12, 2013 JOHN LEWIS said yesterday it was looking forward to positive trading in the second half after a review of its holiday pay policy dragged first half profits down 38.5 per cent. The department store group booked an exceptional £47.3m charge after discovering an error in the way it had calculated pay for Sundays and bank [...]
No Waitrose for Sir Terry’s wife February 3, 2013 FORMER Tesco boss Sir Terry Leahy was in charge of the playlist yesterday, getting listeners dancing in the aisles by mixing folk with Handel’s Messiah on Radio Four’s Desert Island Discs. Sir Terry began his Tesco career as a shelf-stacker in Wandsworth and rose to become chief executive of the grocer from 1997 to 2011. [...]
Fancy a brew? Annabel Palmer talks craft beer with Draft House’s Charlie McVeigh March 10, 2014 Draft House founder Charlie McVeigh talks about the perils of the hospitality industry, and how he’s taking advantage of Britain’s real ale renaissance A CRAFT beer revolution has taken hold in Britain. Consumption of independently-brewed beer rose by 22.3m pints to 415m pints in 2012, according to the Society of Independent Brewers. And figures suggest [...]
Supermarkets slump as half of UK shoppers head to discounters December 17, 2013 FOR THE first time ever, more than half of the UK shopped in either an Aldi or Lidl in the last three months, putting pressure on bigger retailers as the shift toward discount shopping continues unabated. Sales at Aldi surged by 30.7 per cent in the 12 weeks to 8 December while its smaller discount rival [...]
Restaurant review: Wright Brothers January 28, 2014 RESTAURANT 8-9 Lamb Street, Spitalfields, E1 6EA Tel: 0207 377 8706 FOOD Four Stars VALUE Three Stars ATMOSPHERE Four Stars Cost for two with nice wine: £180 A FEW years ago I came up with an idea for a new law: the meat licence. To get a meat licence – a legal document allowing you [...]
Tesco hit by ratings warning as it unveils refreshed luxury range October 7, 2013 TESCO yesterday relaunched its Finest range of luxury produce, though the redesign was not enough to stop a debt rating warning from Moody’s last night. The supermarket, which spent tens of millions of pounds and the better part of a year on the redesign, has recently lost out on UK sales growth to both the [...]
Bank appointed for Gamucci’s E-cigarette fundraising round September 29, 2013 E-CIGARETTE firm Gamucci will appoint Canaccord Genuity this week to manage a £20m fundraising round to finance the company’s expansion. The £20m will be the first of two fundraising rounds in which the company intends to raise between £70m and £100m. Gamucci, whose products are sold in WH Smith and Waitrose, expects its e-cigarette sales [...]
My eggs need crack at Europe, says Mourinho September 17, 2013 CHELSEA manager Jose Mourinho resurrected his egg analogy yesterday as he lauded the benefits of Champions League football but denied winning the competition had become his obsession. Mourinho was asked to compare his current group of players to eggs, as he memorably did six years ago on the eve of what would be the last [...]