Retail news
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Retail sales figures to reveal impact of snow
- Posted:
- 21 January 2011 09:40
The Office for National Statistics (ONS) is expected to reveal a 0.3% drop in sales volumes in its Retail Sales Index for December as shoppers stayed at home to avoid the Arctic conditions.The full impact of the freezing temperatures and heavy snowfall has been unclear so far as a flurry ...read more
Snow hits Christmas trading at Tesco
- Posted:
- 13 January 2011 10:41
Supermarket giant Tesco today said severe winter weather hindered its Christmas trading performance as it posted modest 0.6% like-for-like sales growth.The UK's biggest supermarket said the heavy snowfall and freezing temperatures particularly hit its non-food offering as customers were unable to travel to their larger stores.Sir Terry Leahy, chief executive, ...read more
Sainsbury’s Christmas sales beat expectations
- Posted:
- 12 January 2011 09:40
Sainsbury's set the bar for supermarket trading over Christmas today as it posted better-than-expected sales growth in the third quarter.The group, which has overtaken Asda to become the second-biggest supermarket in the UK, according to reports, delivered 3.6% like-for-like sales growth in the 14 weeks to January 8th after overcoming ...read more
Morrisons loses market share
- Posted:
- 09 December 2010 09:35
Supermarket chain Morrisons has lost market share for the first time in three years, according to consumer research group Kantar Worldpanel.Morrisons' share fell from 12.1% to 12% in the 12 weeks to November 28th, its first decline since the end of 2007. The retailer also had the lowest sales growth ...read more
Sainsbury’s sales rise 8%
- Posted:
- 10 November 2010 09:26
Supermarket J Sainsbury has seen underlying profit rise 8% following a rise in half-year profits to £332 million as customer numbers rose. In the 28 weeks to October 2nd, the company saw total sales rise 7%, up 4.8% excluding fuel, with like-for-like sales excluding fuel up 2%. Meanwhile, David Tyler, ...read more
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