Retail news from FPJ – Page 257
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High street loses out to supermarkets
The UK high street endured another month of falling sales and expects the hard times to continue in October, while supermarkets enjoyed solid sales growth, according to the UK’s leading business organisation CBI.
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Sainsbury's and The Sun offer cheap staples
This week’s shop just got cheaper now that The Sun has teamed up with Sainsbury’s to support Jamie Oliver’s Ministry of Food campaign.
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Bond warns against credit crunch profiteering
Asda ceo Andy Bond has warned that supermarkets that attempt to squeeze profits from their customers during the credit crunch will find themselves in deep water when the economy recovers.
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Co-op profits jump to record level
The Co-operative Group has revealed record half-year profits at the end of a period in which it purchased Somerfield for £1.56 billion.
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Independents 'healthier than they are given credit for'
Retail and wholesale markets should seek out opportunities thrown up by the economic slowdown, as UK consumers reconsider the way they shop, the sector was advised last week.
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Californian stonefruit shines in UK
The California stonefruit crop is in “robust” form this year, with volumes slightly up on last season and the UK market performing well for shippers.
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Retail markets to get full-scale national survey
A national survey of 100 food retail markets is to be completed as part of a ground-breaking PhD research project supported by the National Association of British Market Authorities (NABMA).
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The Co-operative named one to watch
The Co-operative has been named a brand to watch by a panel of experts and the British public.
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Co-op targets local shoppers
The Co-operative is building on its community roots and its competitive offers with a local touch to its latest multi-media advertising campaign.
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Nutty buys at Morrisons
Morrisons is encouraging its customers to “fall into Autumn” with Kentish cobnuts.
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Tesco vows to become Britain's biggest discounter
Tesco and Asda went to war yesterday, as the supermarkets form an orderly queue to proclaim the end of food price inflation.
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Asda slashes prices on 5,000 lines
Asda has lit the fuse for yet another round of price wars by pledging to slash prices on 5,000 products.
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M&S riled by Waitrose cheap shot
Having marketed their premium credentials for years, self-styled up-market retail chains M&S and Waitrose are squabbling over which of them is the cheapest.
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Jamie's back - Pass It On
Jamie Oliver is back on the nation’s case, this time launching a new initiative to get British people cooking wholesome food.
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Sainsbury's chief: consumer sentiment worse than ever
Sainsbury’s chief executive has told the Financial Times that British consumers think "things are worse than they really are".
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Waitrose finds it tough at premium end
As Morrisons reported an impressive hike in its profits, and thanks cash-strapped shoppers, premium end supermarket chain Waitrose today unveiled an eight per cent fall in operating profit in the six months to July 26.
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Morrisons unveils crunch-busting profit hike
As predicted by analysts earlier this week, Morrisons pre-tax profits jumped by 19 per cent in the six months to August 3.
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Bumper Picota crop bucks cherry trend
Spanish Picota cherries have enjoyed a particularly strong season this year, with UK retailers reporting double-figure increases in sales of the fruit.
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Asda tracks consumer confidence
Asda has contracted TNS to carry out a consumer confidence survey, to find out consumers’ views on issues such as the economy and diet.