Marks and Spencer's said yesterday it has increased its slice of
the UK's food market to four per cent from 3.8 per cent by taking
advantage of booming health trends.
Tesco-Global stores has announced that it will create more than 700
new jobs in Hungary as part of an expansion in the food retail
market, despite what it describes as a difficult market.
Britain's leading supermarket Tesco is being accused of stalling
the Competition Commission's (CC) grocery sector inquiry by asking
for extra time to provide evidence of its business practices.
French retail giant Carrefour yesterday announced an 8.5 per cent
rise in second quarter like-for-like sales, as the firm strengthens
its domestic position through in-store makeovers and competitive
pricing.
Ahead of today's Tesco annual general meeting - which will analyse
ten environmental and social pledges set out by its CEO in May -
Friends of the Earth has accused the grocery chain of misleading
shareholders and customers with...
Tesco is set to concentrate on international expansion this year -
applying a "local" approach to the six million sq. feet of new
foreign retail space it opens in a bid to boost sales.
Britain's number three supermarket Sainsbury's announced a 12 per
cent rise in year-end profit, as the company ploughs funds into
competitive prices and new store openings to boost sales.
The Slovak government has launched criminal proceedings against
Tesco over allegations the retailer sold out-of-date meat products
in Central and Eastern European (CEE) stores.
Britain's largest retailer has once again beaten analyst
expectations, hitting a new sales record of £41.8bn. But as it
unveils plans for greener technologies, environmental campaigners
fail to back the strategy.
British supermarket giant Tesco has launched a British-grown tomato
that offers double the lycopene content of normal tomatoes, as the
company continues to expand its functional food range.
With Sainsburys muscling in on Asda's precarious number two spot -
and other competitors strengthening their positions - Britain's
food retail market is set for a cut-throat year.
As the two retailing giants prepare to battle it out in America,
Tesco and Wal-Mart have both announced plans to expand operations
further in the Czech Republic and Hungary respectively.
The last 24 months have seen more of the world's leading food
manufacturers switch to a new type of global supply contract with
international supermarkets, encouraged by clear financial gains.
Once again Tesco has outperformed its rivals, enjoying strong
Christmas sales on core food items and substantial growth in
non-food sales despite rising energy costs.
Tesco CEO Sir Timothy Leahy has ended months of speculation by
revealing expansion plans that rule out the notoriously difficult
US market in favour of the unregulated Far East.
The Slovak government has asked the European Commission to extend
its inquiry into Tesco and Carrefour's proposed supermarket swap,
fuelling speculation of a burgeoning reluctance to give global
retailers free rein in new markets.
Marks and Spencers and Sainsburys are sending senior managers on a
new training course that promises to teach mainstream business
leaders about the ethics of product sourcing in a bid to improve
supply chain relations.
Tesco has been cleared to acquire 21 former BP/Safeway petrol
stations from Wm Morrison after the UK's Office of Fair Trading
(OFT) chose not to refer it to the Competition Commission.
The Forum of Private Businesses (FPB) has condemned government
plans to introduce the "Tesco law", which would allow UK
supermarkets to offer legal services.
Morrisons, Britain's fourth largest retailer, today posted a £73.7
million pre-tax loss for the first half of the year after failing
to take control of its massive Safeway acquisition.
While William Morrison Supermarkets is reportedly on the hunt for a
new chief executive, it has issued another warning that it is
having a hard time digesting its £3.35bn (€5bn) acquisition of
Safeway last year, reports Ahmed ElAmin.
British retailer Tesco, which this week became the first UK
supermarket to break the £2 billion profit barrier, plans to build
on a strong performance across Eastern Europe by adding more than
30 stores in the region this year, increasing...
Tesco has become the first British supermarket to break the £2
billion profit barrier, leaving its rivals for dust and forcing it
to look outside the UK for extra growth opportunities - yet rising
costs may make the coming year more...
Britain's food retail sector is becoming increasingly price
focused, with groups such as Tesco and Asda leading the move
towards every day low pricing (EDLP). But recent research from UK
think tank IGD suggests that companies...
Hot on the heels of last year's entry into the Chinese market,
Britain's leading food retailer Tesco has strengthened its business
in South Korea with the acquisition of a number of stores from the
Aram Mart group. The move...
Britain's biggest supermarket group Tesco continued to out-perform
its peers over the Christmas period, bucking the general trend of
flat or declining sales with an impressive 7.6 per cent rise in
like-for-like sales. And with...
For Britain's retailers, 2004 was a mixed bag, with the resolution
of the Safeway takeover ending with victory for Morrisons, a
startling decline in fortunes for Marks & Spencer and Sainsbury
and the continuing domination...
Growth in the food retail sector across Europe is being driven not
by sales of food but rather by the ever-widening range of non-food
goods, claims a new report. But while Carrefour and its French
compatriots continue to dominate...
The prices charged by the leading UK grocers for their
Internet-based delivery service are being investigated by the
Office of Fair Trading, a probe which has prompted fierce denials
of wrongdoing by the major supermarket groups....
J Sainsbury, the UK's third largest food retailer, has continued
its move into the convenience store sector with a third acqusition
this week. But is this really the answer to the questions about the
ailing company's long-term...
Britain's top food retailer Tesco has posted third quarter results
which surpassed even the most optimistic analysts' forecasts,
underlining its ongoing dominance of the UK market.
Tesco, Britain's number one food retailer, and J Sainsbury, the
third largest supermarket operator, have streamlined their milk
supply operations, reducing the number of suppliers from three to
two. The moves echo a similar streamlining...
Britain's biggest retail group Tesco has finally made its first
entry into the massive Chinese market, finally sealing an on-off
deal with local group Ting Hsin. The UK's leading retailer now
joins Europe's biggest...
J Sainsbury, Britain's third largest supermarket group, has warned
that pre-tax profits are likely to be below forecasts this year as
the company slashed its margins to compete with lower-priced
rivals. The warning, coming at...
Tesco, Britain's biggest supermarket group, continued to show why
it is the leader of the pack in the first quarter, posting an
impressive 12.3 per cent increase in sales for the 12-week period.
Britain's third largest supermarket group Sainsbury today confirmed
that it had slipped into the red in 2003 as it continued to feel
the impact of its three-year structural overhaul. The company had
already warned that margin...
British retailer Sainsbury has acquired 14 supermarkets from
compatriot Morrisons - including the original Morrisons store in
the Yorkshire town of Ripon. But the group still lags behind rival
Asda, which also announced expansion...
Tesco, Britain's leading food retailer, has this week reaffirmed
its intention of becoming a major player in the Asian supermarket
sector with the announcement of another acquisition there. But the
deal came not, as expected,...
Britain's number one food retail group Tesco surged further ahead
of its rivals in fiscal 2004 with double-digit increases in both
sales and profits. Performances improved in all four of Tesco's key
growth sectors, and with...
Struggling British food retailer Sainsbury's has given itself a
£225 million shot in the arm with the sale of its US unit Shaw's to
the Albertsons chain. Despite good performances from Shaw's in
recent years - better,...
Tesco has raised £640 million (€973) by selling off 33 of its UK
stores. The supermarket chain plans to rent the stores on a long
leasehold and carry on running the operations, and claims that
customers will not see any change.
Waitrose is not the cheapest food retailer in the UK, nor does it
offer the largest range of services. But it does claim to have the
best quality and service levels in the industry - a focus on the
premium end of the market which...
Britain's number one food retailer is about to stretch its lead
even further following the announcement on Friday that its proposed
takeover of convenience store group Adminstore had been approved by
the Office of Fair Trading....
Morrisons' takeover of Safeway came a step nearer to completion
yesterday with the announcement that the High Court in London had
rubber stamped the scheme of arrangement between the two companies.
Tesco, Britain's leading food retail group, has made no secret of
its global ambitions, with fast growing businesses in eastern
Europe and Asia complementing its number one status in its home
market. But Tesco already has one...
Supermarkets have invested a great deal of time and money in
improving the quality of service that they offer to their customers
in recent years, and this has become as much a way of
differentiating between fascias as the products...
