Sainsbury’s to create 20,000 new jobs January 10, 2011 Sainsbury’s is to create 20,000 in the next three years. The firm confirmed its plans in a meeting with prime minister David Cameron. Sainsbury’s chief executive Justin King said the new posts would be a mix of full and part time jobs. The company has 900 stores and employs 150,000 people. Under the plans jobs [...]
Morrisons in slim Xmas sales rise January 10, 2011 Wm Morrison Supermarkets posted a modest rise in Christmas sales – held back by disruption from severe weather and a tough consumer backdrop. Britain’s fourth-biggest grocer behind market leader Tesco, Asda and Sainsbury’s said sales at stores open at least a year rose one per cent excluding fuel and VAT sales tax in the six [...]
Leading firms to pledge jobs January 9, 2011 TOP British business leaders will today pledge to create thousands of jobs in the UK. The heads of leading British firms will meet today with Prime Minister David Cameron at Downing Street to discuss job creation in the private sector. Representatives from supermarket giants Asda, J Sainsbury, Tesco and Wm Morrison will join Marks and [...]
Tesco and Sainsbury’s boost UK market share January 9, 2011 THREE of the UK’s big four supermarket chains are reporting Christmas figures this week, with analysts expecting Tesco and J Sainsbury to have boosted their market share. Research company Kantar suggests that Sainsbury’s advanced its share of the British grocery market by 0.3 per cent to 16.4 per cent while Tesco saw a lift of [...]
Analyst views: What is the outlook for retailers’ figures this week? January 9, 2011 NICK BUBB | ARDEN “The resilience of trading at the premium end of the High Street, as evidenced by John Lewis, is still striking. Investors can’t buy shares in John Lewis, but they can buy shares in M&S, which is the best proxy for the strength of middle-class spending on food and clothing.” KEITH BOWMAN [...]
Online sales boost for House of Fraser January 9, 2011 UK department store House of Fraser saw same store sales jump 8.5 per cent in the five weeks to 8 January, reinforcing the success of multi-brand retailers over the Christmas period. It follows similar results last week from the John Lewis Partnership, which saw sales up 8.9 per cent compared to last year. But House [...]
THE WEEK AHEAD January 9, 2011 COMPANY NEWS ● WM Morrison release its Christmas trading update today. ● Tomorrow the US National Commission on the BP Deepwater Horizon incident release their final report on the causes of the Gulf of Mexico oil spill. ● Marks & Spencer, the iconic British department store, will publish its third quarter interim management statement tomorrow. ● Supermarket [...]
THE WEEK AHEAD January 9, 2011 COMPANY NEWS ● WM Morrison release its Christmas trading update today. ● Tomorrow the US National Commission on the BP Deepwater Horizon incident release their final report on the causes of the Gulf of Mexico oil spill. ● Marks & Spencer, the iconic British department store, will publish its third quarter interim management statement tomorrow. ● Supermarket [...]
Prices to go up after VAT rise squeeze January 4, 2011 RETAILERS may be promising to bear the brunt of the VAT rise but consumers will be hit by higher prices over time, experts said yesterday. Large retailers such as Tesco, Marks & Spencer and Sainsburys have rushed to promise consumers they will not bear the burden of the tax rise from 17.5 to 20 per [...]
Retailers hit back over BBC claims December 22, 2010 THE British Retail Consortium (BRC) has branded a withering attack on supermarket expansion broadcast on the BBC’s Panorama last night as “misleading”. Programme makers indicate that the UK’s major grocers are growing more quickly than ever, suggesting that one of Tesco, Asda, Sainsbury’s and Morrisons effectively gets planning permission for a new store “every working [...]