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Starbucks initiates management reshuffle Thursday, 2nd May 2013
Image courtesy of Starbucks
Starbucks is making high-profile changes within its management team it says will give its bosses a more thorough experience of the company.
The coffee giant declined to say whether the changes came as part of succession planning for CEO Howard Schultz.
Cliff Burrows, head of the Americas, has been appointed group president of the Americas and the U.S., Europe, Middle East and Africa and Teavana.
John Culver, head of the China and Asia Pacific region, has been named group president of China and Asia Pacific, channel development and emerging brands.
According to reports, Michelle Gass, former head of Europe, the Middle East and Africa, is to return to the U.S. to work on growth initiatives. Kris Engskov, current managing director of the UK, will take over.
KFC to trial new mobile payment app Thursday, 4th April 2013
Photo Credit: KFC
KFC is to launch an app which will allow customers to pay for purchases through mobile devices.
With m-commerce rapidly increasing its importance in the global market, a number of restaurants have recently begun to integrate smartphones into their retail services. McDonalds began offering a contactless card payment service in 2011. The following year Starbucks signed a deal with Square to use the company’s mobile transaction technology.
The app, which was developed by Airtag and will be called KFC Fast Track, will be tested in 10 of the fast food restaurants sites in the UK, with plans to increase its use globally if it proves to be popular with customers.
Sainsbury's market share increases 6.2 per cent, while Tesco's falls Tuesday, 26th March 2013
Kantar World Panel has published its latest grocery market share report. The report covers the 12 weeks leading to 17th March 2013 and reveals that Sainsbury’s achieved a significant increase in its share of the market, while rivals Tesco and Morrisons saw theirs decrease.
Sainsbury’s was undisputedly the retailer with the greatest increase among the “big four” of Tesco, Asda, Morrisons and Sainsbury’s. Fraser McKevitt, a retail analyst for Kantar Worldpanel, stated “Sainsbury’s year-on-year growth of 6.2 per cent firmly beats the total market growth of 3.9 per cent. Since 2004, its annual share has been on a rising trend and now stands at 16.8 per cent for the 52 weeks ending 17th March”.
“Elsewhere in the big four”, McKevitt continues, “Asda holds on to the record share of 17.9 per cent it achieved a year ago but there are share drops for Tesco and Morrisons”. Outside of the big four, Aldi and Waitrose reported impressive increases in market share of 30.8 per cent and 12.5 per cent respectively.
McKevitt explained the changes in market share among the companies, stating that “Austerity and provenance are the key factors behind the varying retailer performances this month. Continued pressure on household budgets has helped Aldi, Lidl and Iceland to record market beating growths while Waitrose and Sainsbury’s have managed to mostly avoid adverse media coverage from the horsemeat scandal”.
Harris & Hoole to double its London stores before the year ends Monday, 11th March 2013
Coffee shop chain Harris & Hoole, which Tesco revealed a significant stake in earlier this year, plans to open 15 stores in central London by the end of 2013, more than doubling its current number of London outlets.
The planned expansion will include standalone high-street stores, along with a number of outlets within Tesco supermarkets. The first of these stores is to be opened today in a Tesco Metro close to London Bridge. An outlet opening in Cannon Street this summer will serve as the company’s flagship store in London.
Harris & Hoole sets itself apart from other high-street coffee shop chains such as Starbucks by giving each of its stores an individual appearance. These attempts to appear unique and independent were met with accusations of inauthenticity and hypocrisy after Tesco’s stake in the company and the intention to open multiple outlets within Tesco stores was revealed.
Harris & Hoole coffee shop to open in flagship Tesco store Wednesday, 6th February 2013
Photo Credit: Tesco plc
Tesco is to open a branch of the Harris & Hoole coffee shop within one of its flagship stores at Tooley Street.
Tesco’s chief executive Philip Clarke has stated that there are plans for Harris & Hoole, which is 49% controlled by Tesco, to open further coffee shops within other Tesco stores but at this point there has been no announcement regarding exact numbers or locations. Clarke stated that specific plans for development would announced “when the Tolleys (the Australian sibilings who control 51% of Harris & Hoole) are ready”.
The store at Tooley Street, close to London Bridge station, has been referred to as a “concept store”. It is often used by Tesco to try out new ideas and strategies, many of which are subsequently expanded to hundreds of other Tesco branches if they prove to be successful. Therefore it is likely that the exact number of Harris & Hoole coffee shops opening within other Tesco stores will depend on how successful the location at Tooley Street proves to be.
A Tesco spokesman was hopeful about the new addition to the store, stating that “As we're refreshing the look and feel of our Tooley Street store, we think it's a good opportunity to team up with Harris & Hoole and open a small coffee shop above the store. We think our customers will love Harris & Hoole's freshly roasted coffee and great quality cakes and pastries and look forward to them opening later this year”.
Lavazza to open 400 UK stores this year Tuesday, 29th January 2013
Image courtesy of Lavazza
Italian coffee brand Lavazza is planning to open 400 stores across the United Kingdom this year.
Property agents Cushman & Wakefield said it has been hired by Lavazza to guide the roll-out of new stores, dubbed Lavazza Espression.
The coffee giant is planning to open 50 stores across London in the next three years, with the first two due to launch in Embankment and Cannon Street early this year.
Minimum alcohol pricing plan revealed Thursday, 29th November 2012
Multi-buy deals in supermarkets and off licences could soon be a thing of the past as the government unveils plans to introduce a minimum alcohol price of 45p per unit.
The policy was drafted in an effort to quell the culture of binge drinking which costs the British taxpayer an estimated £21 billion annually.
Home Secretary Theresa May has confirmed in a statement to the Commons that she wants to ban multi-buy offers which have boosted drink sales by 20-25 per cent in recent years, according to The Guardian.
Miles Beale, chief executive of the Wine & Spirit Trade Association, told Channel 4 News: "While the government may be consulting on 45p consumers should be aware that the final minimum unit price could be much higher than that.
"In the spring we were told it would be 40p, it's already 45p, we know that health groups are calling for a price of at least 50p and the Scottish government has already proposed a 50p minimum unit price."
Majestic Wine profits up 3.9% Monday, 19th November 2012
Half-year profits at Majestic Wine were up 3.9 per cent in the six months to 1 October, compared with results a year before.
The retailer also saw a “substantial” rise in customers registered to its database who made a purchase in the last 12 months. New customer numbers rose by 11.2 per cent since October 2011, with shoppers paying an average of £7.46 per bottle, up from £7.13 the year before.
Majestic said the results were “encouraging” when taking into account the tough trading conditions in the retail sector, and one of the wettest summers on record resulting in the "cancellation of a large number of outdoor events".
During the six months to October Majestic continued to expand its operations both online and on the high street, with nine new stores, and sales made via the website up 14 per cent.
The retailer is now looking to expand its business in the catering industry, with dedicated teams selling to gastropubs and restaurants. With sales in the field already up by 17 per cent, Majestic chairman Phil Wrigley, said he saw considerable potential for further growth in the area.
US tea specialist Amanzi debuts on New Cavendish Street Monday, 6th August 2012
Having already gained cult status in the States, tea fanatics Amanzi have just signed for their first store in London, choosing New Cavendish Street just north of Oxford Circus.
Forget stuffy tea rooms and airs and graces, as Amanzi is about as far from the traditions of English tea drinking as it is possible to be. Taking a Zulu word for water, the idea for Amanzi began in Zimbabwe, before moving to the United States in 2005 with the aim of “redefining” the entire tea drinking experience.
With the first Amanzi cart opening in Miami, the tea specialist now counts Saks Fifth Avenue as a stockist, and is now developing British expansion strategy. Its first store on UK shores, Amanzi is set to open the doors to its New Cavendish Street location in October this year.
Leading retail property advisors CWM acted on behalf of landlord Howard De Walden, who exchanged contracts with Amanzi back in July for a 10 year lease on the property.
Europe drags down Starbucks as Q3 income fails to make the grade Friday, 27th July 2012
Photo credit: Starbucks Inc
Net income rose 19 per cent for the coffeehouse giant, but its third quarter performance wasn’t enough to beat Wall Street expectations.
Global revenue at cafes open at least a year rose 6 per cent for Starbucks, although performance in the struggling European market remained flat.
"Europe has been a challenge for us all year and continues to be," said Troy Alstead, the company's chief financial officer.
During the three months to 1 July, Starbucks reported earnings of USD 333.1 million, or 43 cents per share, compared with USD 279.1 million, on 36 cents per share for the year before. Total revenue was up 13 per cent to USD 3.3 billion.
However, the figures failed to meet analysts’ average expectations of 45 cents a share on revenue of USD 3.34 billion.
As a result, Starbucks chose to cut its profit outlook to 44 cents to 45 cents per share from an earlier range of 46 cents to 47 cents per share. Analysts had previously come in at the high end of this range with predictions of 48 cents per share.
Shares fell 9.6 per cent in after-hours trading for the coffee giant.