Retail news
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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
M&S chief to push own brand clothing and food
- Posted:
- 09 November 2010 09:48
The new chief executive of retail giant Marks & Spencer put the chain's own brand at the forefront of his vision for the business today.Marc Bolland, who joined M&S from supermarket Morrisons six months ago, wants to push the retailer's own brand in clothing and food and will revamp the ...read more
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