Sainsbury’s to stop selling DVDs and books through its website January 6, 2014 SAINSBURY’S is to stop selling physical DVDs, CDs, books and games through its website, as consumers increasingly shift to downloading and streaming entertainment directly to their phones and computers. The supermarket chain will stop accepting orders for physical products from the end of February, in another sign of waning demand for physical media. “Due to [...]
Asda hits out at rivals for using price gimmicks November 13, 2014 Asda yesterday accused its supermarket rivals of resorting to “short-term gimmicks”, such as vouchers, to buy customer’s loyalty as the US-owned group reported a slump in third-quarter underlying sales. The UK’s second-largest food retailer, said like-for-like sales fell 1.6 per cent in the 13 weeks to 30 September compared with a 0.6 per cent rise [...]
Analyst Views: What was your reaction to Sainsbury’s third quarter statement? January 8, 2014 GRAHAM JONES | PANMURE GORDONA very difficult October and November was made up by strong Christmas trading..we continue to view Sainsbury’s as the best placed of the UK food retailers, but our caution on the short-term sector outlook holds us back from having a more positive recommendation on the stock. JAMES GRZINIC | JEFFERIESKantar data [...]
UK supermarkets vs German discounters: Morrisons gets tough as Buffett attacks Tesco October 2, 2014 Britain’s embattled supermarkets have finally begun their fight back against German discounters Aldi and Lidl who have been eating their lunch in recent months with double-digit growth in the sector. Morrison, the UK’s fourth biggest supermarket, will launch its first customer loyalty card today, along with a price-matching scheme that its chief executive has labelled [...]
HSS tools up for future deal October 8, 2014 TOOLS company HSS Hire Group is weighing plans to list on the stock market next year after boosting sales by a third this year due a boom in corporate outsourcing. The company’s owner, Exponent Private Equity, is exploring options for the company, such as an initial public offering or a trade sale, after turnover rose [...]
Supermarkets’ shares tumble September 29, 2014 BRITAIN’S struggling supermarkets continued their bad run as the worst performing stocks of the year through September, falling by as much as 20 per cent across the month. Ocado led the plunge, with its share price falling 19.5 per cent, followed by Tesco’s 16.7 per cent. But the shops are fighting to win customers and [...]
MP asks clubs to cut ticket prices October 15, 2014 SPORTS minister Helen Grant has warned England’s football clubs not to take their supporters’ loyalty for granted following evidence of the growing cost of attending matches. The average price of the cheapest tickets at league clubs has risen 4.4 per cent this year – more than three times the rate of inflation – to £21.49, [...]
Supermarket woes deepen over price wars October 21, 2014 THE UK food industry’s troubles were laid bare today after a report revealed the sector had suffered the sharpest rise in financial distress compared with other UK industries. According to Begbies Traynor’s latest Red Flag update, which monitors the health of UK companies, levels of “significant” financial distress among UK food retailers rose by 11 [...]
London Report: Tesco’s woes and miners’ China fears drag down market September 22, 2014 SHARES in giant retailer Tesco tumbled yesterday 11.5 per cent to 203p – their lowest in 11 years – because of fears that first-half profits were overstated by around £250m, dragging down the FTSE 100. The blue-chip index was off 64.29 points, 0.94 per cent, at 6,773.63 points. Supermarket rivals Morrison and Sainsbury’s were hit [...]
Sainsbury’s and John Lewis’ Christmas adverts beaten by Shakira in 2014 most-shared ad list November 19, 2014 Move over Sainsbury’s, step to the side John Lewis. Neither brand has taken the mantle for the most shared ad of 2014. Marketing technology company Unruly has scoured the web and has identified Activia’s collaboration with Shakira as the most identified advert on the web. The yoghurt company teamed up with the Colombian [...]