Retail news
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Co-op to pioneer contactless payment
- Posted:
- 15 July 2010 09:42
The Co-op has said that it will be installing contactless payment in a pilot group of stores - the first major retailer to use the system. Customers will be able to pay for purchases of £15 or less without using a PIN in the majority of the chain's stores by ...read more
OFT imposes fines for tobacco price fixing
- Posted:
- 16 April 2010 09:38
The competition watchdog today hit ten retailers and two tobacco manufacturers with fines totalling £225 million for "unlawful practices" in pricing of cigarettes, cigars and rolling tobacco.The fine - the largest total ever imposed by the Office of Fair Trading (OFT) - came after Imperial Tobacco and Gallaher struck 'price ...read more
Co-op celebrates record results
- Posted:
- 18 March 2010 09:26
The Co-operative Group has hailed record annual results, but warned that a return to "real economic growth" could be a year away. Revenues at the group jumped 31% to £13.7 billion last year, as its grocery arm absorbed the former Somerfield business and its Co-operative Financial Services banking business merged ...read more
Waitrose gains record share of sales
- Posted:
- 03 March 2010 09:32
The John Lewis Partnership's supermarket chain Waitrose has gained a record share of supermarket sales last month as shoppers turned to stay-at-home comfort food. Waitrose saw its market share rise to 4.3% in the 12 weeks to February 21st from the same period a year ago as the firm also ...read more
FPB and Iceland boss in war of words
- Posted:
- 05 February 2010 10:41
The Forum of Private Business (FPB) and Malcolm Walker have become embroiled in a war of words following a controversial interview given by the Iceland chief executive in which he described the new Grocery Supplier Code of Practice and proposed supermarket ombudsman as a "waste of time".The FPB reacted particularly ...read more
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