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Tesco saw its market share fall below 30 per cent for the first time in almost seven years as it found it difficult to compete with cheaper rivals, revealed the latest figures. The retailer’s drop in the share of the market, to its lowest point since May 2005, came during a period when Sainsbury’s achieved [...]
(Read More)24th Jan 12
Asda to create 5,000 jobs
by Adam Richards
Asda, Britain’s second biggest supermarket, has announced plans to create 5,000 jobs this year in an expansion drive set to cost £500m. Its plans include opening 25 new outlets, refurbishing 43 existing stores and investing in three new depots. The group said up to 5,000 jobs will be created in addition to the 30,000 employees [...]
(Read More)20th Jan 12
Tesco in effort to win back customers
by Paul Russell
Tesco is heavily promoting its offer to lure consumers back to its check-outs after admitting that its previous campaign to win shoppers had fallen flat. The UK’s biggest retailer has been promoting its latest deal in full-page newspaper adverts. The deal promises to give £5 off your next purchase if you spend £40 or more [...]
(Read More)12th Jan 12
Sainsbury’s vows to extend price matching campaign
by Adam Richards
Supermarket giant Sainsbury’s has vowed to extend its price matching campaign as it revealed better-than-anticipated sales in the lead-up to Christmas. The UK’s third biggest grocer saw like-for-like sales before taking fuel into account grow by 2.1 per cent over the 14 weeks ending 7 January, with customer transactions during the week before Christmas rising [...]
(Read More)23rd Dec 11
Record online shopping numbers predicted for Christmas Day
by Paul Russell
It is expected that this year’s Christmas Day will experience record numbers of consumers going online to enjoy some retail therapy and take advantage of the sales. Interactive Media in Retail Group (IMRG), an e-retailing group, forecasts that British consumers will fork out £186.4m over the internet on Christmas Day, while the expenditure on Boxing [...]
(Read More)21st Dec 11
Shop price cuts drive rise in sales
by Adam Richards
British retailers have experienced a slight improvement in sales in December as they managed to attract shoppers with discounts, although business was comparatively slow for this time of year and is expected to worsen in the new year, revealed a survey. The first two weeks of December enjoyed the first annual increase in volume of [...]
(Read More)16th Dec 11
Aldi and Lidl top survey of customer satisfaction
by Katie Naylor
Low-cost supermarkets Aldi and Lidl have outperformed more high-end rivals such as Marks & Spencer in a yearly supermarket satisfaction report. The survey, conducted by consumer group Which?, placed Waitrose on top of the pile for the third consecutive year, receiving a total of 83 per cent for satisfaction and praise for its products and staff. [...]
(Read More)9th Dec 11
Tesco sales fall for the fourth quarter in a row
by Katie Naylor
Tesco, the UK’s biggest supermarket, has reported a dip in sales for the fourth consecutive quarter, despite its £500m Price Drop initiative. In Britain, where it has 2,700 outlets, the group reported a fall in like-for-like sales excluding fuel and VAT of 0.9 per cent during the 13 weeks ending 26 November, the same percentage [...]
(Read More)7th Dec 11
Supermarkets accused of misleading shoppers
by Harry Oldfield
Supermarkets have faced allegations of hoodwinking consumers with a series of misleading and false pricing claims which could leave them risking of prosecution, revealed a damning report. A study into offers and pricing at the UK’s four major supermarket chains discovered that all had made untrue or erroneous assertions, and some even breached consumer regulations. [...]
(Read More)7th Dec 11
Tesco market share falls
by Sally Davies
Tesco’s market share has dropped following the launch of its ‘Price Drop’ campaign, revealed industry figures, but the UK’s biggest supermarket has gained customers. This inconsistency was revealed in the most recent monthly figures by Kantar Worldpanel, which monitors supermarket shopping data. The market share of Tesco – based on how much money is being [...]
(Read More)