Retail news
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Tesco sees first market share dip in seven years
- Posted:
- 01 February 2012 09:57
Tesco has seen its share of the grocery market dip below 30% for the first time in nearly seven years as it struggled to compete with low-cost rivals in the sector, figures showed today.Tesco's drop in market share, to its lowest level since May 2005, came as Sainsbury's took its ...read more
Walker battles for Iceland ownership
- Posted:
- 30 January 2012 10:07
IIceland retail boss Malcolm Walker was today facing a battle to buy the chain he founded over 40 years ago.With Morrisons and Asda now unlikely to bid, Mr Walker remains in the £1 billion auction alongside two private equity firms BC Partners and Bain Capital, according to reports.Mr Walker, who ...read more
100 ex-Woolies stores still empty
- Posted:
- 19 January 2012 10:10
Over 100 stores that once belonged to collapsed high street retailer Woolworths are yet to find tenants three years after its collapse, it emerged today.Some 13% of the 807 former Woolies stores are empty, compared with 30% a year ago, according to a report by The Local Data Company.Discounters (29%) ...read more
Rivals "reduce Tesco market share"
- Posted:
- 11 January 2012 10:14
Rival supermarkets took a slice out of Tesco's market dominance over Christmas, according to figures released today.Ahead of the retailer's festive update on Thursday, research firm Kantar Worldpanel said the chain's share of the market for the 12 weeks ending on Christmas Day dropped from 30.5% a year ago to ...read more
BAA increases passenger numbers
- Posted:
- 11 January 2012 10:14
A snow-free end to 2011 helped BAA boost its passenger numbers by 4.4% at its six UK airports last year.The company handled 108.5 million passengers in 2011, with Heathrow numbers - badly hit by snow in 2010 - rising 5.5% to an annual record of just under 69.4 million last ...read more
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