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...
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....
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...
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...
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...
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...