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ASDA lost ground in the highly competitive supermarket industry during the three months ending 16 May, while rivals Sainsbury’s and Morrisons both saw an increase in market share. ASDA saw its market share slip to 16.8 per cent from 16.9 per cent during the same period a year before, resulting from a sluggish 2.5 per [...]
(Read More)24th May 10
Marks and Spencer to report mild profit increase
by Harry Oldfield
Marks and Spencer is expected to report a meagre 4 per cent profit increase, although the showing is a dramatic change from the losses reported during the same period last year. While the £628 million in profits is a major success compared to the 40 per cent decrease seen last year, the slow rate of [...]
(Read More)24th May 10
UK supermarkets duke it out over pineapple prices
by Adam Richards
A price war over pineapples by the leading UK supermarket chains has led to the fruit being sold at the lowest cost in years, according to a recent survey by The Grocer magazine. Tesco, Morrisons, ASDA, and Sainsbury’s have lowered the price significantly in order to increase sales of the fruit, the sales of which [...]
(Read More)7th May 10
Pennycook rumoured to jump ship for M&S job
by Harry Oldfield
Rumours abound that Richard Pennycook may leave his post as chief financial officer at Morrisons for a position at Marks and Spencer. Pennycook said that he would not rule out anything when asked whether or not he was interested in taking the newly opened vacancy at M&S. The position was scheduled to be filled by [...]
(Read More)17th Jun 09
Tesco posts best quarterly UK sales in two years
by Paul Russell
www.tesco.com Tesco, the third-largest of the world’s retailers, recently announced its best quarterly sales performance in Britain in two years, noting that it was closing in on the growth rates reported by its domestic competitors. On Tuesday, the company reported that first-quarter sales at its UK stores that had been open for at least a [...]
(Read More)4th Jun 09
Marks and Spencer most respected firm in Britain
by Harry Oldfield
www.marksandspencer.com High Street retail chain Marks & Spencer has been ranked as having the best reputation of any company in Britain. Celebrating its 125th year, Marks & Spencer was named the most reputable company in the UK this week, in a large-scale survey involving the top firms in the country. M&S bested major names ranging [...]
(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 [...]
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