Retail news from FPJ – Page 260
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Tesco rivals to speak out at hearing
Asda, Marks & Spencer and Waitrose will be given the chance to have their say in the three-day hearing with the Competition Appeals Tribunal (CAT), in a surprise move this week.
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M&S jv recruiting in India
Marks and Spencer Reliance India Ltd has started filling in top key management positions as it builds up to roll out its chain of stores across India.
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Somerfield acquisition under OFT spotlight
The Co-operative Group’s acquisition of supermarket chain Somerfield is under review by the Office of Fair Trading (OFT).
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Grocery sector delivers on packaging commitment
Growth of food packaging in the UK has been brought to a standstill - despite a sharp increase in sales, the Waste & Resources Action Programme (WRAP) revealed yesterday.
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Online sales boost for Asda
Asda has overtaken Sainsbury’s to become the second-biggest online grocer in the UK - for the first time ever.
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Waitrose kicks off £2.2m charity scheme
As many as 7,000 local charities stand to benefit from a new community scheme unveiled by Waitrose.
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Marks moves in on top four
The Co-op wants to muscle in on the UK supermarket sector’s top four, and turn it into a top five with the £1.57 billion acquisition of Somerfield.
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Discounters have record share of grocery market
Discounters have pounced on difficult financial times for consumers to snap up a record share of the UK grocery market.
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Ocado shows competitive streak
After delivering first £1 billion of sales, food delivery service Ocado has expansion plans on the cards to combat new competition from one of its shareholders.
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Grocery ombudsman could be delayed
The government is being urged to introduce legislation to create a grocery ombudsman, if the UK’s top 10 grocers refuse to voluntarily accept the implementation of such a regulator, says The Independent.
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Produce bucks price trend
Supermarkets are using fresh produce price fluctuations strategically to incentivise increasingly disloyal shoppers, despite a background of rising costs and prices of other core items.
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Big four unveil weekend price cuts
The price war between the big four supermarkets is continuing to hot up, as the price on hundreds of lines is either halved or cut to 50p.
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IGD hails 'biggest structural change' to retail market in years
The £1.57 billion merger of the The Co-operative Group and Somerfield is the “biggest structural change in the UK for five years”, international grocery analyst IGD has claimed.
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Tesco and Kent grower support local kids
Thirty schoolchildren joined Kent potato producer St Nicholas Court Farms at the Kent county Show last week, to encourage visitors to buy local produce.
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The Co-op confirms Somerfield takeover
The Co-operative Group today confirmed that it has entered into an agreement to acquire Somerfield for £1.565 billion, in a move that will act as “rocket fuel” for its three-year growth plan.
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Shopper loyalty hits new low
UK consumers are more disloyal than ever in their choice of retailer, a new study has found.
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Tesco set to drive down standard own-brand prices
Tesco is set to introduce a new range of own-brand products, it has been reported.
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Ocado to tackle food waste with receipts
Ocado is to put the use-by dates of food on its website and on shopping receipts in a bid to cut food waste at home.
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Asda attracts affluent shoppers
Affluent shoppers are hitting the aisles at Asda, with the retailer reporting a 6.5 per cent boost in AB consumers coming through its doors in the 12 weeks to June 15, compared to the year-earlier period, as reported on Marketing Week.
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Waitrose to revamp image
Waitrose’s 190 stores are to be revamped in a £6 million project this summer, according to The Times.