Britain's fifth largest supermarket chain Somerfield today
announced a new advertising campaign with the slogan "giving you
what you want", but has taken the unfashionable step of sidelining
ethical practices.
The UK's fifth supermarket has confirmed it will sell the main bulk
of underperforming soft discount chain Kwik-Save to an
entrepreneurial consortium, ending months of speculation.
Somerfield, the UK supermarket group, said that its ongoing store
refit programme had a major effect on sales in 2003, in particular
the makeover given to the Kwik Save discount store chain. But this
was not enough to save the Kwik...
Britain's Co-op group has laid down a challenge to larger rivals
Tesco and Sainsbury, highlighting its "determination to
grow" in the convenience store sector after the successful
integration of two recent acquisitions,...
Somerfield, itself a takeover target last year, is the latest UK
supermarket retailer to move into the convenience store sector, a
movement led by larger rivals Tesco and Sainsbury. Evidence that
the UK's biggest High Street...
Kwik Save continues to weigh down the performance of UK retailer
Somerfield, but second quarter and half yearly results reveal that
the margins are closing. Will Kwik Save turn the corner or will it
continue to hold Somerfield back?
With all the sound of fury over the Safeway takeover last week, an
excellent first half performance from the Co-op Group was all but
overlooked. But the group's highly successful focus on the
convenience store sector is a warning...
Somerfield is still to find a solution to the question of how to
turn around the performance of the discount store chain acquired in
1998. The latest quarterly figures show that while Somerfield
improved, Kwik Save sales actually...
Somerfield, the UK supermarket group, is pleased with its recovery
but wants to increase the pace of development for its new store
formats to consolidate its position in the convenience store
segment.
Just six weeks after it rejected a first takeover bid on the
grounds that it undervalued the company, UK retailer Somerfield has
today turned down a second bid from the same parties on the same
grounds. But this is unlikely to be...
A proposed takeover bid for the UK retailer Somerfield was rejected
yesterday by the company's board on the grounds that it undervalued
the company. But this will not necessarily be the end of the
affair, with a higher offer...
