Retail news
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WH Smith on track to meet expectations
- Posted:
- 25 January 2012 10:06
WH Smith's chief executive Kate Swann has said that the chain delivered a resilient performance today, having withstood a slide in high street sales.Ms Swann said that the company was still on track to meet City profit expectations of just under £100 million, after profit margins improved at both 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
Lucy Neville-Rolfe to exit Tesco
- Posted:
- 20 December 2011 15:07
It has been reported that Tesco's director of corporate and legal affairs Lucy Neville-Rolfe is to end her long and successful career with the retailer at the end of next year.Ms Neville-Rolfe, a former Whitehall strategist during and one of the principal architects of the Cheshunt-based retailer's unstoppable rise to ...read more
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