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
Tesco "disappointed" after weak Christmas
- Posted:
- 12 January 2012 10:30
The UK's largest supermarket group, Tesco, has revealed a worse-than-expected drop in sales in the run-up to Christmas as it admitted its Big Price Drop low price campaign had failed to pull in the anticipated number of customers. The grocer triggered a price war with its £500 million price-cutting campaign ...read more
Sainsbury’s tops financial expectations
- Posted:
- 11 January 2012 10:20
Supermarket giant Sainsbury's pledged to extend its price matching scheme today as it revealed better-than-expected sales in the run-up to Christmas.The UK's third biggest supermarket saw like-for-like sales excluding fuel grow 2.1% in the 14 weeks to January 7th, with customer transactions in the week before Christmas increasing by 1.5 ...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
Budget stores jump up customer satisfaction rankings
- Posted:
- 15 December 2011 09:55
Budget stores Aldi and Lidl have outperformed Marks & Spencer for the first time in an annual supermarket satisfaction report.The Which? survey of more than 11,000 members placed Waitrose in the top spot for the third year running, receiving a score of 83% and praise for its staff and products.Aldi ...read more
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