Waitrose director:sales growth will continue for years October 12, 2010 UPMARKET grocer Waitrose expects annual sales to rise by a double-digit percentage for years to come, despite a tough economic backdrop, driven by new store openings, its managing director said yesterday. Mark Price, speaking at the annual conference of grocery industry body the Institute of Grocery Distribution, said conditions for consumers were likely to be [...]
Crafted for a better taste July 6, 2011 THE British pub industry may be in crisis, with scores of venues reportedly closing around the country each week, but there’s one side of it that’s bubbling along rather nicely. Bars that are dedicating their trade to the kind of specialist, low-volume beers you can’t find in mainstream pubs are on the rise, as are [...]
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 [...]