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Tesco is set to tailor its price deals and ranges in accordance with the wealth of people who live close to its stores. The new initiative will see consumers in poorer areas encouraged to buy Tesco Value goods through various promotions, while people residing in more affluent areas of the UK will be offered more [...]
(Read More)24th Jan 12
Ocado finance chief resigns to join Michael Page
by Sally Davies
Online grocer Ocado saw a fall in its shares after announcing that Andrew Bracey, its finance director, was departing to join the recruitment firm Michael Page. Mr Bracey, who joined Ocado in 2010 ahead of its flotation, will move to Michael Page to become its chief financial officer. Experts immediately questioned whether this was evidence [...]
(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)13th Jan 12
Tesco warns on profits as shares tumble
by Adam Richards
Tesco shares dropped by as much as 15 per cent after Britain’s largest retailer issued a profits warning and revealed disappointing sales figures for the Christmas period. Like-for-like sales – those at stores open one year or more – increased by 1.7 per cent, excluding fuel, during the six weeks ending 7 January. Excluding VAT [...]
(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)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)30th Nov 11
Game sales soar as shoppers turn to speciality meats
by Natasha Redman
Sales of speciality meats and game have soared in 2011, retailers report, as consumers have looked for tasty and healthier alternatives to the Sunday roast. In early positive signs for the Christmas game market, a time when venison, partridge and pheasant are all popular meats, independent market research firm Mintel is predicting that British sales [...]
(Read More)10th Oct 11
John Lewis blames heatwave for horror week
by Harry Oldfield
John Lewis suffered a huge collapse in trade during the last week of September, with sales falling in every store as shoppers stayed outdoors to enjoy the autumn heatwave. Like-for-like sales fell by almost 10 per cent, an outcome which Seymour Pierce’s Freddie George referred to as “horror week”. The analyst calculated that underlying sales [...]
(Read More)7th Oct 11
Profits at Asda hit by price war
by Paul Russell
Almost £100m was lopped of Asda’s profits last year as a price war with rivals and one-off costs blunted its performance. The Walmart-owned group’s operating profits declined by 10.4 per cent (£93m) to £803.5m last year, according to analysis of accounts. The accounts, filed at Companies House, reveal that like-for-like sales, excluding fuel and VAT, [...]
(Read More)29th Sep 11
Indian summer sees stores double stocks of rosé wine and burger baps
by Natasha Redman
Supermarkets are taking a gamble on Britain’s Indian summer which is expected to remain until at least this weekend. By doubling rosé wine, burger baps and barbeque source stocks. Temperatures soared to above 20C (68F) yesterday and are predicted to reach 28C by Saturday, with seaside resorts hoping a belated boost can partially make up [...]
(Read More)