Tag: supermarkets

Morrisons to sell £500m of its Properties as Profits Slide

Posted on 12 March, 2014 by Cliff Goodwin under Commercial Sales and Lets

Embattled Morrisons will lay bare the impact of a tough year this week when its annual report is expected to reveal a plunge in profits. The supermarket group has already confirmed it plans to offload almost £500m of its property assets including shopping... Read More

Supermarket Property Deals set £1.8bn Record

Posted on 7 March, 2014 by Cliff Goodwin under Business News

Investor competition is being blamed for a 50 per cent rise in supermarket property deals last year. Between them the big five food retailers set a new record by clinching £1.8bn in land and building transactions. A report by property consultants and... Read More

Tesco to Cut Store Expansion in a Bid to Win Back Customers

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

Tesco was once the powerhouse of the supermarket sector, with its top spot in the UK chart generally undisputed. However, as rivals Sainsbury’s and Asda have become more popular, and budget chains such as Aldi and Lidl have won consumers who like to keep a... Read More

Morrisons finds Midlanders reluctant to Shop Online

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

In the highly competitive supermarket race, Morrisons has for some time now lagged behind its main competitors and lost market share to even discount brands such as Aldi and Lidl. Industry experts believe that this is largely due to the chain falling behind... Read More

Going Underground -Tesco and Waitrose follow Asda in Tube Venture

Posted on 3 February, 2014 by Kirsten Kennedy under Business News

The rise of click and collect shopping has revolutionised the retail industry, with a growing number of grocery retailers in particular seeking new ways to aid their customers in juggling the weekly shop around their busy lifestyles. Recently, Asda trialled... Read More

John Lewis voted most Human Retailer

Posted on 31 January, 2014 by Kirsten Kennedy under Business News

As the retail industry picks up the pace of recovery and benefits from a boom in consumer spending, it has become apparent that simply offering low prices is no longer enough to guarantee bumper profits. Instead, consumers are placing greater stock on levels... Read More

Supermarkets to Reveal Food Wastage Figures as CPS drops Charges against the ‘Iceland Three’

Posted on 30 January, 2014 by Kirsten Kennedy under Business News

This week, three men were charged after being caught ‘stealing’ food from bins outside an Iceland store in Kentish Town. Following a public outcry the Crown Prosecution Service (CPS) subsequently dropped the charges despite an earlier claim that there was... Read More

Justin King to leave Sainsbury’s in July

Posted on 29 January, 2014 by Kirsten Kennedy under Business News

The battle of the UK supermarkets has hugely intensified since the end of the recession, with consumers now focused upon quality as opposed to seeking bargains. This has meant that Tesco, which undisputedly held the top spot in the supermarket race for many... Read More

Waitrose announces Plans to Expand Store Portfolio

Posted on by Kirsten Kennedy under Business News

Luxury supermarket chain Waitrose, owned by the John Lewis Partnership, will open a total of 26 new stores in 2014, bringing its range of quality goods to new areas in a bid to capitalise on a consumer desire for high quality following several years of... Read More

Sainsbury’s Supermarkets overtaken by Local Stores

Posted on 15 January, 2014 by Kirsten Kennedy under Business News

Sainsbury’s now owns and operates more Local convenience stores than traditional supermarkets for the first time in its history. The brand this week opened its 594th convenience store in Balsall Common, Coventry, and is continuing to set a rapid pace... Read More