The global pretensions of British food retail market leader Tesco
were made quite clear last month when the company announced that it had raise more than £1.6 billion
through a share placement and cost savings which would be used to
Reports in today's press suggest that Europe's biggest retail group
Carrefour is about to sell off its online shopping arm Ooshop - a
move prompted by the continued losses at the business.
Tesco, the UK's biggest supermarket group, has decided how to spend
the first £53.7 million of the £810 million cash pile it unveiled
earlier this month. While the group has made clear its intentions
to grow its international...
While arch rival Sainsbury struggles to get even the basics right,
UK supermarket group Tesco continues to seek new methods of driving
its business. The company has also announced a share placement
which should help it raise £810...
The hypermarket store format is expected to take an ever increasing
share of Hungarian food and drink retail sales over the next few
years, according to a report in Menedzsmentforum.
Tesco, the UK's
biggest supermarket group with 13 million customers, is to
introduce degradable carrier bags in all of its stores from next
year, the first UK retail group to take such a move.
An Every Day Low Pricing (EDLP) strategy is more popular with
shoppers than one driven purely by promotions, according to a
recent survey in the UK. But a combination of the two is the best
means of keeping shoppers happy.
Morrisons, the Bradford-based supermarket group, must make a bid
for the Safeway chain within 21 days after the UK government
yesterday accepted definitive undertakings from rival chains not to
bid for the company.
Britain's biggest supermarket group Tesco has today reported third
quarter sales growth of 17.5 per cent, figures which beat all
analysts' forecasts and showed once again the ever widening gulf
between Tesco and rivals such...
Sainsbury has appointed a former Marks & Spencer executive as
its new CEO, replacing Sir Peter Davis who will become chairman.
But Davis' ambitious attempt to pull the company out of the
doldrums continues to misfire, with...
Tesco has announced that it has gained control of Kipa, a small
Turkish hypermarket chain by acquiring the necessary majorities of
the unlisted public shares in the company. The move will ensure a
much needed foothold in a market...
Tesco is to appeal against an 'incomprehensible' ruling by the
Czech courts which appears to give a Czech businessman the right to
seize its assets in payment of an alleged debt.
Sainsbury, the UK's number three food retailer, is falling further
behind rivals Tesco and Asda with a decline in like-for-like sales
during the second quarter of the year. The company also faces
increased competition from a...
Philip Green, the British retail entrepreneur, has reacted angrily
to reports in the UK press over the weekend that his Trackdean
Investments company was no longer interested in bidding for the
Safeway supermarket group. The Competition...
Morrisons' business model would have a major beneficial effect on
sales and profits at Safeway if the Yorkshire-based chain emerges
as the eventual winner in the battle to acquire the troubled
company. Like-for-like sales growth...
Tesco, the leading supermarket operator in the UK, stretched
further ahead of its rivals in the first half of the year thanks to
a combination of volume growth, the roll out of new store formats
and strategic acquisitions.
Morrisons, the chain most likely to be given the all clear to bid
for Safeway, is thought to be considering reducing its offer in the
light of a weakening performance from Safeway over the last few
months. But with Safeway's...
The UK retailing industry is bracing itself for perhaps the biggest
event of the year, as it awaits the results of the Competition
Commission's report on who can bid for Safeway. The decision is
likely to reshape Britain's...
The Competition Commission has another month to decide which
retailer will be allowed to bid for Safeway, but UK consumers, it
seems, have already made up their minds. A recent poll by Mintel
showed that the good value for money strategy...
Safeway, the UK food retailer, has maintained sales and profits
during a difficult first quarter dogged by uncertainty over the
future of the chain. A resilient performance by the embattled
chain.
The battle to buy up UK supermarket retailer Safeway is still very
much on, as the Competition Commission announces that its enquiries
are ongoing and that the final decision on the four main rival
bidders is still some way off.
The 'fat cat' attitude of the UK's leading supermarket chain Tesco
has been criticised once again by Friends of the Earth, which
claimed that the chain had grown at the expense of both the
environment and the UK farming...
Tesco's global ambitions are well known, and the British retailer
has today taken a further step on the road to world domination with
its first entry into the Japanese market via the acquisition of the
C Two-Network.
Britain's number two grocery retailer J Sainsbury has reported
full-year figures which show that it is steadily gaining ground on
arch rival Tesco. Store expansion and cost cutting programmes
helped lift pre-tax profits by 16.8...
The latest full year results for Safeway - probably the last before
the company is bought out by one of its rivals - were solid if
hardly spectacular, as the uncertainty over the future ownership of
the group took its toll on store...
Tesco is now one of the world's top 10 grocery retailers, and is by
far the fastest growing company in the field. And, according to a
new report by M+M Planet Retail, the British number one has the
right growth strategy to see...
GlaxoSmithKline, the pharmaceutical and healthcare group, is to
relaunch its Plenty juice drink brand just six months after it was
withdrawn from sale. But has the company got the product
positioning right this time, asks market analysts...
Four of the five potential bidders for UK supermarket chain Safeway
have this week been presenting their cases to the Competition
Commission. The heads of Tesco, Sainsbury, Asda and Morrisons all
took at turn at highlighting why their...
Tesco has tightened its grip on the leadership of the UK food
retail market, announcing full year figures for 2002 which will,
ironically, do little to improve its chances of winning the battle
for control of Safeway. But the group...
The expansion of European retailers such as Tesco in Asia does not
have a detrimental effect on local business, according to a new
report. In fact, hypermarket growth in Thailand has fuelled the
expansion of independent food retailers...
As expected, the proposed bids from Asda, Sainsbury's and Tesco for
the Safeway supermarket chain are to be investigated by the UK
competition authorities. Rather more unexpected was the decision to
also refer the bid from Morrisons,...
After a 12-week trial of a self checkout system at Marks &
Spencer last year, Tesco has become the latest British food
retailer to investigate the self-scanning option. The company will
trial an ACM 700 machine from PSI at one...
The troubles at Ahold caused by accounting scandals in the US and
Argentina could lead to a sell off of several of its operating
units - and the UK's number one player Tesco is thought to be ready
to pounce.
At a time when the UK supermarket sector is under increased
scrutiny because of the plethora of bids for the number four player
Safeway, the role played by supermarkets in improving consumer
choice and convenience has been defended...
Store refits, expansions and openings at a cost of £360 million
were revealed yesterday by UK food retailer Asda. Included in the
revamp are the introduction of three new mezzanine floors in
exisiting Asda stores.
Tesco, one of the leading bidders for Safeway, has claimed that its
proposal will be good for customers, local communities and
suppliers - claims which have been rubbished by environmental group
Friends of the Earth.
Comparing prices between stores is a tried and tested means of
stealing a march on competitors in the food retail business. But
the basis for these comparisons must be shown to be correct and not
misleading, as the advertising watchdog...
Morrisons has reported strong growth in sales in the first four
weeks of 2003 - lending more support to its case for offering the
best opportunity for growth for Safeway.
The local impact on competition, rather than the national market
share of each retailer, is likely to be the best way of assessing
the rival bids for Safeway, claims new research. But it also means
that a carve up of the Safeway business...
Only Morrisons can guarantee a better deal for both customers and
shareholders of Safeway because only its takeover bid would not
entail the break up of the Safeway group, claims Sir Kenneth
Morrison. Meanwhile, press reports suggest...
The UK's number one supermarket group Tesco has finally succumbed
to the temptation and is preparing a bid for Safeway - meaning that
all that four of the top five players in the UK market will now
slug it out for control of...
The fate of Safeway, the UK's fourth-largest food retailer, still
hangs in the balance. An offer from smaller rival Morrisons was
accepted last week, but Britain's number two player, Sainsbury's,
has now trumped that...
Tesco, the UK's leading food retailer, has announced a New Year
price cutting campaign which will extend for the first time to
products such as convenience food and family favourites.
Tesco's bid to increase its share of the UK convenience store
sector looks set to go ahead unchecked following the announcement
that its acquisition of the T&S group will not fall foul of the
competition authorities. A bitter...
A five-fold increase in the number of daily orders has prompted
Carrefour to invest in new facilities for its home delivery
business in Spain. But the unit is yet to make a profit, and
persuading consumers outside of Madrid to buy...
Trail blazers in e-commerce UK retailer Tesco announced this week
that for the first time ever booming online grocery sales have
reached more than £10 million (€15.6m) in a week - an encouraging
portent for yuletide spending.
Safeway, the oft-maligned UK retailer, has posted a good set of
interim results, an indication, it claims, that its much-needed
revitalisation programme is paying off. This programme will
continue in the second half, with more new...
Budgens, the UK convenience store operator, has called on the
regulators to investigate Tesco's proposed takeover of T&S on
the grounds of its affect on sales rather than simply marekt share
- an analysis which it claims...
Britain's leading supermarket group Tesco opened a store geared
solely to health and natural alternative products in London last
week. The Nutri Centre chain, in which Tesco has a majority share,
is designed to meet growing consumer...
Analysts in the UK are only interested in highlighting things that
will lead to speculation about a possible takeover, rather than
looking at the company's true financial performance, according to
Safeway's chief executive...
