Retail news
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Asda grows market share
- Posted:
- 28 March 2012 10:06
Asda has closed the gap on its rival Tesco after a report revealed that its share of the grocery market has grown to record levels.According to the figures from Kantar Worldpanel, Asda's market share rose to 17.9% in the 12 weeks to March 18th from 17.3% a year ago, boosted ...read more
Sainsbury’s sees convenience store growth
- Posted:
- 21 March 2012 10:52
Supermarket chain Sainsbury's continues to put pressure on its rival Tesco, after revealing this morning that growth in convenience shopping and its own ranges helped it deliver better-than-expected sales.The UK's third largest supermarket chain, which has more than 1,000 stores, said like-for-like sales excluding fuel rose 2.6% in the 10 ...read more
Brasher resigns as Clarke takes charge of Tesco UK
- Posted:
- 15 March 2012 10:16
Tesco has announced that the head of its UK business Richard Brasher is to step down "as a consequence of (chief executive) Philip Clarke's decision to take a much closer involvement in the UK business".Mr Brasher will leave Britain's largest retailer, where he has worked for 26 years, in July ...read more
Tesco "may raise retirement age"
- Posted:
- 14 March 2012 10:09
Tesco is consulting with employees over plans to raise the retirement age for its defined benefits pension scheme from 65 to 67 years.However, the group will keep its pension scheme, which has 293,000 members, including 172,000 active workers, open to new members, unlike many of its FTSE 100 Index peers.The ...read more
Tesco hosts Mum of the Year awards
- Posted:
- 12 March 2012 10:10
A single mother who adopted her best friend's five orphaned children is one of eight inspirational women who have been honoured at the Tesco Mum of the Year Awards.Julie Jones from Cambridgeshire was named Compassionate Mum of the Year after she became legal guardian to Caroline Atkin's children, as well ...read more
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