Retail news
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Discount shops to boost food sales
- Posted:
- 05 December 2011 09:49
Discount retailers are expected to drive a near 20% expansion of the wider food and grocery market over the next five years to a total worth of £184 billion.The UK food and grocery market, valued this year at £156.8 billion by IGD Retail Analysis, will expand as discount retailers, such ...read more
Warning on supermarket pricing practices
- Posted:
- 05 December 2011 09:45
Four of the UK's biggest supermarkets could face prosecution over alleged misleading pricing practices, a consumer law expert has warned.In a report on supermarket price wars for BBC1's Panorama programme, Deborah Parry said many of the pricing tactics used by Tesco, Asda, Sainsbury's and Morrisons could potentially be illegal.A survey ...read more
Sainsbury’s to create new jobs in Scotland
- Posted:
- 02 December 2011 09:41
Sainsbury's has announced an ambitious expansion programme that will create 800 new jobs in Scotland over the next 18 months. This announcement comes on the day that the retailer opens its 1,000th store, in Irvine, North Ayrshire.The jobs will come from new supermarkets in Montrose and Pitlochry as well as ...read more
Asda sales up, despite drop in customers
- Posted:
- 16 November 2011 10:12
Supermarket giant Asda said today that customers were shopping less frequently but spending more in a bid to overcome high petrol prices.The UK's second biggest grocer behind Tesco saw like-for-like sales, excluding VAT and fuel, increase by 1.3% between July 1st and September 30th.Asda, which holds 17% market share compared ...read more
Price war keeps inflation down
- Posted:
- 16 November 2011 10:11
An aggressive supermarket price war helped push down inflation last month amid signs that the rise in the cost of living appears to have passed its peak.The Consumer Price Index (CPI) rate of inflation fell to 5% in October, the Office for National Statistics (ONS) said, slightly down on the ...read more
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