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www.sainsburys.co.uk The UK’s big five supermarkets are engaged in an ongoing battle for market share, frequently changing position in the rankings, overtaking each other in turn. Over the recent Easter holiday, it appears that Sainsbury’s came out on top, according to the latest figures. Of the five largest British supermarket chains, Sainsbury’s showed the most [...]
(Read More)29th Apr 09
Fashion retailer ASOS forecasting profits ahead of expectations
by Adam Richards
www.asos.com Online British fashion retailer ASOS issued a forecast on Monday indicating that full-year profits are ahead of market expectations and that its recent trading is remaining buoyant. “We expect our profit before tax (for the year to March 31 2009) to be slightly ahead of market expectations,” said Nick Robertson, chief executive of the [...]
(Read More)28th Apr 09
Aldi attracting more affluent customers
by Paul Russell
www.aldi.co.uk A new breed of savvy consumer – affluent and middle-class – is shopping at discount stores in the UK, according to supermarket chain Aldi. At one time, Aldi customers were mostly budget shoppers, but recently a new type of customer has found the appeal of lower prices.
(Read More)27th Apr 09
Scotmid in England expansion of discount pharmacy operation
by Natasha Redman
www.scotmid.com Co-operative retailer Scotmid has announced its plans for a multi-million pound expansion effort that will see its semichem discount pharmacy presence extend into England, after experiencing significant earnings growth despite current economic conditions. The Edinburgh-based company is looking at opening 10 new semichem stores in northern England later this year, hoping to replicate its [...]
(Read More)24th Apr 09
Dorothy Perkins stores introduce other brands
by Katie Naylor
www.dorothyperkins.com Women’s clothing retailer Dorothy Perkins is introducing labels other than its own into its stores for the first time. Last week, Uttam London TFNC apparel brands became available at 20 Dorothy Perkins stores and on the company’s website. While Uttam London is primarily a wholesaler, TFNC is sold in some Topshop stores as well.
(Read More)23rd Apr 09
Less time spent shopping by UK Internet users
by Harry Oldfield
www.hitwise.com Hitwise, the online competitive intelligence specialist, has released a report which shows Internet users in the UK are now spending less time shopping when they are online and more time browsing media. Last month, 8.6 per cent of Internet visits in the UK were to retail websites and 9.8 per cent were to social [...]
(Read More)22nd Apr 09
ALDI continues price cuts to gain market share
by Adam Richards
www.aldi.co.uk ALDI is telling the 7.4 million families living in the UK that it can save them more than £170 million combined on their weekly grocery shopping, as the battle for the “cheapest supermarket basket” heats up. Beginning on 16 April, the discounter reduced the prices on some of its most popular items, including numerous [...]
(Read More)21st Apr 09
Shopping bills up by 18 percent over last year
by Sally Davies
www.thegrocer.co.uk The sharpest price rise for a single item in a “grocery basket watch” list over the past year has been in the price of a pack of bangers, which increased by 50 per cent. The second-largest rise was in the price of jam, which was up by 47 per cent. Only bananas, of the [...]
(Read More)20th Apr 09
Tesco expected to announce one billion in weekly sales
by Paul Russell
www.tesco.com British retailed Tesco had its beginnings in a humble market stall selling leftover rations from World War I, back in 1919. It is now about to attain a milestone never before reached by a retailer in the UK when it announces that sales for the last 12 months exceeded £53 billion – or more [...]
(Read More)17th Apr 09
Ideal Shopping reports loss of over 11 million pounds
by Natasha Redman
www.idealworld.tv UK home shopping retailer, Ideal Shopping Direct, has reported a significant full-year loss for 2008 that it says is due to exceptional costs during the period, higher operating expenses and reduced sales. According to the company’s board, a final dividend will not be recommended.
(Read More)