Waitrose to take Tesco head on in price contest September 26, 2010 WAITROSE is to take Tesco head on after the supermarket giant revealed that it will price match its rival on over 1,000 branded products. Starting today, Waitrose will use Tesco as a benchmark when pricing its top-selling everyday branded products, such as Persil, Ribena and Heinz Baked Beans. Managing director Mark Price said this is [...]
Ocado tumbles after sales slowdown May 11, 2011 OCADO led the FTSE 250 fallers yesterday, with its shares dropping over nine per cent after it admitted its sales were checked by capacity constraints. Ocado’s growth slowed from 24 per cent in its first-quarter to 18 per cent in the last three months. It says it expects sales to grow by 21 per cent [...]
Ocado tumbles after sales slowdown May 11, 2011 OCADO led the FTSE 250 fallers yesterday, with its shares dropping over nine per cent after it admitted its sales were checked by capacity constraints. Ocado’s growth slowed from 24 per cent in its first-quarter to 18 per cent in the last three months. It says it expects sales to grow by 21 per cent [...]
Tesco Bank lags its parent supermarket brand April 26, 2011 WITH Tesco boss Phil Clarke saying that expanding its presence within the banking sector is one of his top priorities we’ve looked at BrandIndex data to make an assessment of the potential it has there. Tesco Bank itself does not fare especially well at the moment. On the index measure it is in 18th place [...]
John Lewis sales hit by wedding and easter May 6, 2011 Easter and a half-day closure for the royal wedding led to a sharp fall in weekly sales at Britain’s biggest department store chain John Lewis, it said. Sales dropped 9.2 per cent year-on-year to £48.7m in the week ended 30 April, and were down 10.7 percent excluding VAT sales tax. Employee-owned John Lewis, viewed as [...]
Ocado hit by boss share sale February 21, 2011 OCADO shares took a tumble yesterday after chief executive Tim Steiner sold £5m worth of Ocado stock. Steiner’s move – plus the announcement that Waitrose was planning to revamp its own online delivery service – saw the stock close down 7.75 per cent at 239p. Waitrose, which has a ten-year contract with Ocado to supply the [...]
Ocado sales up 25pc March 4, 2011 Online grocer Ocado posted a 25 per cent rise in first-quarter sales and said it remained profitable, despite a challenging economic backdrop which has hit many retailers hard. The group, which mostly sells the products of grocer Waitrose, said it made gross sales of £146.2m in the 12 weeks to 20 February, in line with [...]
Ocado sales up 25pc March 4, 2011 Online grocer Ocado posted a 25 per cent rise in first-quarter sales and said it remained profitable, despite a challenging economic backdrop which has hit many retailers hard. The group, which mostly sells the products of grocer Waitrose, said it made gross sales of £146.2m in the 12 weeks to 20 February, in line with [...]
John Lewis profit up 20pc – but warns of tough 2011 March 9, 2011 Retailer John Lewis said it would pay over 73,000 staff, known as partners, a bonus of 18 per cent of salary as it posted a 20 per cent rise in year profit after winning market share from rivals. But the 147-year-old employee-owned group, which owns 28 department stores, four John Lewis “at home” stores, 244 [...]
Hedgie makes big Ocado loss February 20, 2011 ONLINE grocer Ocado’s recent growth has stung a US hedge fund, which has reportedly lost up to £40m by shorting Ocado stock after the firm’s rocky flotation in July. Elinor Carter Brooks from New York-based Blue Ridge Capital is thought to have bet against the shares when they had already dropped to near all-time lows [...]