Tag: supermarkets

Would “Tesco Tax” benefit the High Street?

Posted on 28 July, 2014 by Kirsten Kennedy under Business News

The issue of business rates remains one of the most contentious in the retail industry, with claims that the commercial property levy was a key reason for soaring shop vacancy rates during the recession. However, under a new proposal by Derby City Council,... Read More

Lidl targets Londoners with Premium Wine Range

Posted on 17 July, 2014 by Kirsten Kennedy under Business News

With the rise of the discounters still firmly a factor within the retail industry, supermarket chains such as Tesco, Sainsbury’s and Asda are facing increasing pressure to compete on price. However, this battle may become slightly more difficult in the near... Read More

Sainsbury’s Speaks Out Against Longer Sunday Trading Hours

Posted on 14 July, 2014 by Kirsten Kennedy under Business News

During the Olympic Games, an influx of visitors to the UK provided a welcome boost for retail businesses, with tourism spending for 2012 rocketing as a result. In part, this was due to the relaxation of Sunday trading laws, allowing larger stores to open for... Read More

Shop Prices Fall at Fastest Rate in 8 Years says BRC

Posted on 10 July, 2014 by Kirsten Kennedy under Economy

Although the economic improvements have led to an increase in consumer spending, retailers are now facing a new problem; increased competition within the retail industry from both discounters and their market rivals. This has seen stores dropping prices in a... Read More

Netto and Sainsbury’s to take-on High Street Discounters

Posted on 24 June, 2014 by Cliff Goodwin under Business News

Danish retailer Netto — which pulled out of the UK in 2010 — is plotting its return in a joint supermarket venture with Sainsbury’s and a head-to-head discount clash with rivals Lidl and Aldi. The first new stores, branded as Netto, will begin... Read More

Supermarket Price War “dragging down sales” says BRC

Posted on 13 June, 2014 by Kirsten Kennedy under Business News

The supermarket price war continues to rage on in the UK, with retailers Tesco, Asda, Morrison’s and Sainsbury’s lowering prices consistently in a bid to compete with imported discounters like Aldi and Lidl. However, new industry data has revealed that... Read More

Sainsburys reports Second Consecutive Quarter of Falling Sales

Posted on 11 June, 2014 by Kirsten Kennedy under Business News

Sainsbury’s has become the latest retailer to post a negative report for the past three months, marking the second consecutive quarter of falling sales for the group. During the 12 weeks to the 7th of June, like for like sales excluding fuel fell by... Read More

Is Tesco Past its Sell By Date?

Posted on 4 June, 2014 by Kirsten Kennedy under Business News

Supermarket giant pins hopes on turnaround plan Although the end of the recession has had a positive impact upon the revenues of most retailers in the UK, the supermarket sector remains something of an anomaly. With competition from discounters high and... Read More

Tesco confirms Turnaround Plans for Struggling Turkish Business

Posted on 1 June, 2014 by Cliff Goodwin under Business News

After exiting the US market following the collapse of its Fresh and Easy brand, Tesco has pledged to focus upon its core UK and European markets in an attempt to turn around the steadily worsening situation which has seen both profits and market share drop in... Read More

Waitrose Sales Rise as Weather Improves

Posted on 28 May, 2014 by Kirsten Kennedy under Business News, Economy

With a spate of Bank Holidays in April and May bringing a somewhat unexpected spell of sunny weather with them, British consumers took advantage by stocking up on summer goodies in order to enjoy barbecues and beach trips with friends and family. This saw... Read More