Retail news
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Budget stores jump up customer satisfaction rankings
- Posted:
- 15 December 2011 09:55
Budget stores Aldi and Lidl have outperformed Marks & Spencer for the first time in an annual supermarket satisfaction report.The Which? survey of more than 11,000 members placed Waitrose in the top spot for the third year running, receiving a score of 83% and praise for its staff and products.Aldi ...read more
Tesco announces mixed bag of results
- Posted:
- 08 December 2011 12:39
Tesco's quarterly trading figures released today have shown another period of mixed fortunes for the UK's biggest retailer, with international sales generally improving but the UK market faltering slightly. Overall group sales increased 7.2% in the 13 weeks to 26th November however greater attention has been drawn to the retailer's ...read more
Indian government forced into u-turn on foreign retailers
- Posted:
- 08 December 2011 12:35
The Indian government has been forced to reverse its decision to allow foreign retailers access to its £300 billion retail market, following a huge political storm within the country's parliament.The reform announced last month would have allowed the likes of Tesco and Wal-mart to own a 51% stake in retail ...read more
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
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