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B&Q received the top honour at the HR Excellence Awards during the ceremony at London’s Park Lane Hilton on Monday night. The most coveted prize of the evening, the HR Excellence Gold Award, was presented to the do-it-yourself giant for its outstanding achievements during the past year. HR Director of the Year was awarded to [...]
(Read More)25th Jun 10
Sainsbury’s hosts future of cooking event
by Katie Naylor
Sainsbury’s, one of the leading UK supermarkets, is hosting a national event to discuss the future of cooking, which will include celebrity chef Jamie Oliver and Sainsbury’s chief executive Justin King. Tim Loughton, parliamentary under-secretary of state for Children and Families will also be in attendance, in recognition of Sainsbury’s concerted effort to provide an [...]
(Read More)24th Jun 10
UK retailers respond to VAT increase
by Katie Naylor
Major retailers across the UK have announced their reactions to the government’s increase of the nation’s value-added-tax (VAT), set to go into effect on 4 January 2011. ASDA, Marks and Spencer, Sainsbury’s, and other retail giants have expressed relief that the hike from 17.5 per cent to 20 per cent has finally been announced and [...]
(Read More)18th Jun 10
UK supermarkets suffer slow sales growth in second quarter
by Katie Naylor
A lack of food price inflation and the rising cost of petrol have led major UK supermarkets to announce slow sales growth during the second quarter. J Sainsbury, Tesco, and WM Morrison all had dismal sales figures, which industry analysts attribute to the gloomy economic forecast seen throughout the world, leaving most UK consumers monitoring [...]
(Read More)17th Jun 10
Vuvuzelas fly off Sainsbury shelves
by Adam Richards
Sainsbury’s has sold over 40,000 vuvuzelas, the noisy horn made popular by thousands of fans at the World Cup games in South Africa this year. The company expects to sell over 75,000 of the horns to football-crazy Britons by the end of the tournament, and noted that earlier this week; it averaged one vuvuzela sale [...]
(Read More)15th Jun 10
UK price war extends to school uniforms
by Harry Oldfield
The price war between major UK retailers in their attempts to curry the favour of customers around the country has extended to school uniforms. Tesco, Sainsbury’s, and ASDA have all slashed prices for children’s outfits in preparation for the next school year, although the low costs have led some to wonder about the clothing’s quality. [...]
(Read More)14th Jun 10
Tesco and Sainsbury expected to report slow sales
by Harry Oldfield
UK supermarket giants Tesco and Sainsbury are both expected to announce a rate decrease in the growth of sales this week. The results will confirm what analysts in the food sector have already predicted, that the supermarket industry has been hard-hit by the rising cost of petrol and the decreased effect of food inflation. Tesco, [...]
(Read More)11th Jun 10
Sainsbury chief gets big payday
by Katie Naylor
The annual financial report issued by Sainsbury’s shows that chief executive Justin King received almost £8 million. The total includes Mr King’s salary of £3.35 million, in addition to benefits, pension contributions, deferred share awards, and bonuses. The boss of the supermarket giant also received £4.52 million in gains on share options from long-term incentive [...]
(Read More)10th Jun 10
Carlisle opposes Sainsbury’s boxy appearance
by Paul Russell
Carlisle city councillors have put plans to open a flagship Sainsbury’s on hold because they don’t approve of the store’s planned box-like appearance. Although the meeting of city officials was expected to result in a decision to support the proposal to build the new supermarket, they decided the best course was to halt the process [...]
(Read More)7th Jun 10
Study finds supermarkets help poor communities
by Harry Oldfield
A study by think-tank Demos has found that large supermarket chains can have positive effects on poor communities such as increasing estate values and creating jobs. Research by the group shows that the addition stores such as ASDA and Tesco to impoverished communities will also raise aspirations among local residents, not to mention provide access [...]
(Read More)