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Articles about Supermarkets
Tesco plans to extend F&F brand Monday, 20th May 2013
Photo credit: Tesco
Tesco has reported plans to extend over 50 new franchise clothing stores for coming five years to expand F&F brand.
The company reported that it established a new franchise partnership with Al Futtaim, a Dubai-based business to extend F&F’s reach in Middle East. Al Hokai which is an existing partner will be also working with F&F to open shops in Armenia, Azerbaijan, Georgia and Kazakhstan.
Jason Tarry who is the head of the clothing business said “I’m excited to see F&F moving into these new markets, where there is an established and growing retail industry.”
In offer to stop families in the UK wasting around £700 annually the FTSE 100 group will launch its Tesco Society report this week. At its convenience shops the group has begun trialling smaller food packaging and examining its promotions on short shelf-life food. Also, for the fruit and vegetables the group has pledged to introduce a new date coding system.
Philip Clarke, chief executive of Tesco said “The areas where customers most want our help are in changing the size of packs and the promotions we offer, giving more tips on how to make use of leftover food; and offering clearer date coding.”
Posted in fashion, Fashion News, Food, Online retail, Retail Industry, Supermarket News, Supermarkets, supply chain Tagged Food industry, clothing, Tesco, Retail industry
Ocado and Morrisons deal nets £1.5 million for Sir Stuart Rose Monday, 20th May 2013
Photo credit: Ocado
The former chief executive of Marks & Spencer and now Ocado chairman, Sir Stuart Rose, has reportedly seen his personal wealth rise by GBP 1.5 million following the delivery group’s deal with Morrisons, the Mail on Sunday reports.
The retail veteran owns 1.2 million shares in Ocado, 450,000 of which were acquired as a result of his appointment as chairman on March 11.
Shares in the delivery business rose by a staggering 25 per cent on Friday following the deal with Morrisons. The deal involves Morrisons taking control of its second distribution centre in Dordon, Warwickshire, and Ocado having full use of its computer technology to run its online ordering and delivery service.
With shares increasing in recent weeks in anticipation of the Morrisons tie-up, Rose has reportedly made more money in just two months with Ocado than he did in a whole year as chief executive of Marks & Spencer.
The deal is said to be worth in the region of GBP 170 million, but Waitrose lawyers remain sceptical about the nature of the deal, and will continue to scan paperwork to see whether or not its terms have been breached.
Until now Ocado had been Waitrose’s exclusive grocery partner, but Rose’s company insist they are confident that their business with Morrisons is completely legitimate.
Meanwhile, Morrisons have suggested that a review of the business-rates system is required in a document sent to the Government.
Morrisons believe the current system is ‘damaging confidence’, demanding a freeze in rates and a revision of the way rate rises are calculated. The Department for Business Select Committee will discuss the state of the retail sector in two days.
Posted in Deals and Takeovers, E-Commerce, Food, Online retail, Supermarket News, Supermarkets Tagged Ocado, Marks & Spencer, chairman, Sir Stuart Rose, Mail On Sunday, Waitrose, supermarkets, online delivery, grocer, online retail
Tesco acquisition on Sandbanks' millionaire row proves contraversial Thursday, 16th May 2013
Photo credit: My-Retail Media
Wealthy residents of the Sandbanks millionaire’s row remain perplexed by the acquisition of a Tesco Express, which plans to open in July.
Residents from Dorset have expressed their frustration by claiming that the convenience store will be an ‘eyesore’ and that it would look ‘like a filling in a set of teeth’, the Daily Mail reports.
The plans, which involve converting an old pub into a convenience store, have outraged residents who believe that a Marks & Spencer or a Waitrose would have been more appropriate.
A petition started by Karen Denham, the proprietor of the local newsagent Sandbanks Stores, has accumulated 425 signatures, and Denham stated: “I believe local people will boycott it, a lot of my regulars here have already said they will not use it.”
Residents fear that the convenience store’s bold blue and red logo would garish in the upmarket seaside resort, nicknamed by some as Britain’s Monte Carlo.
Tesco are enduring a difficult period currently, with the leading supermarket grocer suffering a 51.5 per cent decline in year profit last month.
Posted in Convenience Stores, Supermarket News, Supermarkets Tagged Tesco, Waitrose, Marks & Spencer, food, supermarket, Karen Denham, Sandbanks, Dorset
Asda report first quartely profits Thursday, 16th May 2013
Photo credit: Asda
Price reductions and online offerings have boosted Asda’s underlying sales by 1.3 per cent in the first quarter, Reuters reports.
The supermarket chain, which is owned by American retail giants Wal-Mart, said on Thursday that excluding fuel and VAT, sales at shops open over a year have seen a 1.3 per cent rise in the 14 weeks to April 12.
The rise follows a 0.1 per cent rise in the fourth quarter from the previous financial year.
Asda say that their online sales have grew by 16 per cent, proving beyond doubt how essential the grocery e-commerce market is becoming.
Furthermore, Asda have been investing in its 50 pence and one pound lines, and lowering the prices of essentials such as break, milk and eggs.
Asda chief executive Andy Clarke was buoyant with the supermarket’s performance, saying: “This represents a strong performance in what remains a very tough market.
"Despite a difficult environment for our customers, we have continued to achieve growth on growth by lowering the prices of essentials and investing in technology to make shopping more convenient."
Asda’s good performance has not been matched by some its competitors however, with Tesco posting a 51.5 per cent decline in year profit last month, whilst Britain’s fourth top grocer Morrisons, reported a 1.8 per cent fall in like-for-like sales in the first quarter.
Despite this, Sainbury’s, which currently occupies the third spot in the grocery sector, reported a 6.2 per cent rise in annual profit last Wednesday.
Parent company Wal-Mart, currently the world’s largest retailer, posted a higher quarterly profit on Thursday, whilst underlying sales fell 1.4 per cent.
Posted in E-Commerce, Food, Online retail, Supermarket News, Supermarkets Tagged Asda, Wal-Mart, Sainsbury's, Morrisons, Tesco, online sales, food, groceries, chief executive, Andy Clarke
Kroger introduces a clean energy production system Thursday, 16th May 2013
Photo credit: Kroger
One of America’s largest retailers, Kroger unveiled a clean energy production system that is powered by food waste. Food that cannot be sold or donated will be converted into clean energy to power its distribution center Ralphs/Food 4 Less situated in Compton, CA.
It is an anaerobic conversion system that processes over 55,000 tons of organic food waste to renewable energy (biogas) every year which is transformed into power for onsite operations. This will provide power for its over 650,000 square foot distribution center. The conversion of the food waste which is equivalent of 150 tons per day will also reduce truck trips by over 500,000 miles annually.
The system uses a complex process in an enclosed, oxygen-free environment to transfer carbon in the organic food waste to renewable source of methane.
The company comments: "We are committed to finding solutions for food waste and clean energy, and we believe this is a meaningful step forward," said Rodney McMullen, Kroger's president and chief operating officer. "Investing in this project is a good business decision for Kroger and, most importantly, an extraordinary opportunity to benefit the environment. We want to thank Governor Brown and his team at CalRecycle and CalEPA, the City of Compton, the SCAQMD, and our partners at FEED for making this renewable energy project a reality."
The biogas will counteract over 20 per cent of the energy required by its distribution center.
With the renewable energy power and 150 zero emission fuel cell fork lifts combined, Kroger's distribution center is currently one of the most efficient and greenest, making the Compton the leading sustainable city.
Posted in Food, Online retail, Retail Industry, Supermarket News, Supermarkets Tagged food industry, Kroger, energy renewable, sustainability
Ocado's shares fall 8 per cent amid potential contract dispute with Waitrose Monday, 13th May 2013
Photo credit: My-Retail Media
Ocado, the grocery delivery service, saw its shares drop 8 per cent amid a potential breach of contract with main clients Waitrose, The Guardian reported Monday.
Waitrose lawyers remain concerned about Ocado’s proposed deal to set Morrisons up with their own online delivery service, fearing a conflict of interests.
The news follows reports of a protest vote within Ocado’s annual shareholders’ meeting on Friday over board pay packagaes, which include a 30 per cent salary rise for chief executive Tim Steiner.
Ocado’s shares did see a distinct rise with the Morrisons deal imminent, however, shares are currently down 18.2p at 206.4p. Shore Capital analyst Clive Black recommends selling, saying:
“We believe that Ocado is playing with fire in speaking to another British supermarket group, as it tries to utilise its substantially greater fulfilment capacity, because the group's umbilical cord to Waitrose may be cut sooner than we anticipated and Ocado cannot exist as a commercial entity without Waitrose in our view. “
He continued to say: “Whilst Ocado states that any agreement with Morrison's would not be a conflict with Waitrose, we see the mood of [Waitrose chief executive Mark Price] as being deadly serious. As such, Ocado may have irreparably polluted a commercial relationship upon which it is dependent and it must lead to a greater chance of a break in 2017 in our view. Additionally, Waitrose's understandably forthright stance means that the prospect of Morrison and Waitrose brands simultaneously utilising Ocado's fulfilment centres and vans is low. As such, the extent of a tie-up between Morrison and Ocado needs to be pencilled down, along with it the financial extent.”
This could potentially spell danger for Morrisons, who have been falling behind competitors Tesco and Sainsbury’s.
Online grocery shopping is one of the fastest growing areas in the sector, and chief executive Dalton Phillips has vowed that a service will be available by January 2014.
Posted in E-Commerce, Online retail, Supermarket News, Supermarkets Tagged Waitrose, Ocado, Morrisons, Tesco, Sainsbury's, e-commerce, stocks, shares, Mark Price, chief executive, Clive Black, Shore Capital, analyst
The top four grocers commit to reducing waste Friday, 10th May 2013
Photo credit: My-Retail Media
The third phases of the Courtauld Commitment launches today with the aim of reducing household food and drink waste by five per cent.
The voluntary agreement, which is overseen by Government body WRAP, has secured the commitments of the four big grocers in the UK as well as other signatories.
The third phase involves not only reducing household waste, but reducing product packaging waste across the supply chain by 3 per cent.
Some signatories however, have committed to reducing packaging by 8 per cent with the anticipation of increasing sales and production.
Retailers are working to maximise recyclable material and improve packaging design in order to reduce their carbon footprint.
Dr Liz Goodwin, CEO of WRAP, said: “Courtauld 3 builds on the achievements of Courtauld 1 and 2 by tackling the areas that bring the greatest financial benefits to UK plc and deliver significant reduction in environmental impact.
“Over the course of the three phases of the agreement, a 20 per cent reduction in UK household food waste is achievable, a deeply impressive outcome.”
Since its 2005 launch, the Courtauld Commitment has reduced 670,000 tonnes worth of food waste between 2005 and 2009. Between 2006/7 and 2010 1.1 million tonnes of food waste has been prevented.
Lord de Mauley, Resource Management Minister at Defra, said: “Together we are cutting down on waste to deliver £1.6 billion of savings, which is good for consumers, the food and drink sector and local authorities.”
Andrew Opie, Food Director at the British Retail Consortium (BRC),
Pressure group the British Retail Consortium (BRC), applauded the move to meet these “challenging targets”.
Andrew Opie, Food Director of the BRC, said: “These new targets build on the major strides already made by grocery retailers to reduce food and packaging waste.
“Despite the downturn and other challenges affecting business, the retail industry is continuing to innovate and collaborate on waste reduction as well as working hard to meet wider green goals across all aspects of its operations.
“That’s delivering real environmental benefits as well as value for customers.”
Posted in Convenience Stores, Supermarket News, Supermarkets Tagged Courtauld Commitment, WRAP, Dr Liz Goodwin, CEO, household waste, packaging, carbon footprint, environment, Lord de Mauley, Defra, Andrew Opie, food director, British Retail Consortium
ECB announce Waitrose as new sponsor for England cricket team Friday, 10th May 2013
Photo credit: My-Retail Media
The England and Wales Cricket Board (ECB) have announced that supermarket chain Waitrose, will become the new shirt sponsor for the England cricket team from 2014.
The Waitrose sponsor will replace the current Brit Insurance logo, which features on England match and training gear.
Although details about the proposed sponsor are yet to be disclosed to the public, the Daily Mail understands a three-year deal in the region of GBP 18 million has been agreed with the ECB.
Chief executive David Collier is said to be “delighted” about the deal. He continued to say: “They join at an incredibly exciting time for the sport in England & Wales - with a packed international schedule including Test series against the other three teams who occupy the top four spots in the ICC Test Rankings.”
ECB Commercial Director John Perera added: “This partnership is especially pleasing for us as we welcome another high profile, high-street brand into our ever-expanding commercial partner family.
“I would like to take this opportunity to express our gratitude to Brit who has been an excellent and valued partner of the ECB since 2010 and whose name will remain on the England shirts until next year.”
Posted in Deals and Takeovers, Supermarket News, Supermarkets Tagged Waitrose, ECB, cricket, England, John Perera, David Collier, chief executive, commercial director, Brit Insurance
Morrisons shares fall as sales continue to struggle Thursday, 9th May 2013
Photo credit: My-Retail Media
The UK’s fourth biggest grocer, Morrisons, crashed in the stock market today as it continues to fall behind its competitors.
The 1.8 per cent slump was an improvement from its 4.1 per cent performance in the last quarter, however, shares fell 8.2p to 288.2p, making them the worst performers in the FTSE 100 index.
Despite this, the supermarket chain claimed that it was experiencing improving performances in London due to avoiding the horsegate scandal, and the acquisition of TV duo Ant & Dec for their advertising campaigns.
The grocer remains in negotiations with Ocado over utilising their technology and operating practices for online sales, but vowed to launch its own online service if the negotiations fell through. The supermarket said that an online service will be available before the end of January.
Online grocery shopping is one of the fastest growing areas in the sector, and Morrisons are falling behind rivals Tesco and Sainsbury’s by not having this service.
Morrisons’ chief executive Dalton Phillips remains under pressure about the grocer’s declining profits, but despite this, Phillips says that the companies’ exclusion from the horse meat scandal has helped boost the sale of beef products.
Posted in Convenience Stores, Supermarket News, Supermarkets Tagged Morrisons, chief executive, Dalton Phillips, horse meat, Tesco, Sainsbury's, stock market, FTSE, supermarket, grocer, Ocado
Marks & Spencer’s Contactless Payment Launches Nationwide Wednesday, 8th May 2013
Photo credit: Marks & Spencer
Marks & Spencer has launched ‘contactless payment’ service nationwide to 644 UK stores, including its railway and airport franchise stores after a successful trials in 25 London stores last summer. Processing 230,000 contactless transactions every week Marks & Spencer stands as the UK’s leading contactless retailer.
The self-service has continued to grow in popularity with busy customers that are on the move. One in seven card transactions under £20 are completed through contactless payment. The contactless payment allows customers to make payment via card or phone without having to enter their pin. A quarter of contactless payments processed through self-checkout points in the Food Halls.
The company has started to see increasing use of the contactless cards in busy urban centres including Manchester, Croydon and Reading.
Richard Crooke , store manager at M&S Finsbury Payment which completes one in three contactless card transactions under £20 said:
“In busy central stores that receive a huge lunch time rush, contactless payment is helping to revolutionise the customer experience. Self-checkout tills are already very popular, but contactless helps reduce queue times even further, giving customers a payment option that’s even quicker than cash.“
Visa debit card is supported by contactless cards, which allows current account customers to earn one point for every £1 spent at M&S via their Visa debit card.
New research from M&S Bank2 reports that customers are becoming ‘savvy’ and 51 per cent admit loyalty points influences how they shop. Visa Europe forecasts that there will be over 33 million contactless cards in the UK by the end of 2013.
Posted in Consumers, E-Commerce, Electricals, Food, Online retail, Retail Industry, Supermarket News, Supermarkets, Technology Tagged shopping, payment, economical, finance, services, marks & spencer, digital, transactions, food, money, consumer transaction
