Articles about Supermarkets

Supermarkets accused of shirking responsibility for “morally repugnant” levels of food waste in UK

Supermarkets and food retailers are under the kosh today after a report published by the House of Lords EU Committee claimed British retailers are shifting the blame of food waste on to customers with Buy One Get One Free offers.

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Morrisons to sell-off retail property to fund shareholder dividend
Photo credit: Morrisons

Morrisons is planning to offset deficits caused by its ailing business by selling property assets worth around £9 billion. The supermarket group intends to lease back the properties once they are sold. The freed up funds will allow Morrisons to return up to £1 billion in dividends to its shareholders.

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Sainsbury's continues aggressive c-store expansion
Photo credit: Sainsbury's

Sainsbury’s will open 60 convenience stores in London and the South East over the next year. The supermarket is starting a major recruitment initiative in a bid to find 500 team leaders and 200 managers for the stores. Director of Convenience for Sainsbury’s, Simon Twigger, said: “We’re a growing business, and with that comes the need for fresh new talent and perspective.

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"Big four" supermarkets in danger of losing market share following slow sales
Photo credit: Tesco

Britain’s “big four” supermarkets are in danger of losing their market share as British shoppers increasingly migrate to discount grocers and Waitrose. New data published by Kantar Worldpanel on Tuesday showed that grocery sales had grew at their slowest rate in nine years over the past 12 weeks.

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Food grocers will report to the BRC about food waste
Photo credit: My-Retail Media

The “big four” food grocers have pledged to cut down on millions of tonnes of food waste by disclosing information to the British Retail Consortium, it has been revealed. Retailers have been under pressure after Tesco revealed that the average household wastes £700 worth of food a year in a scathing report about its customers.

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Waitrose to hire 2,000 more staff for 2014 openings

Waitrose is set to announce on Thursday that it will hire 2,000 more members of staff to cover the 26 new store openings it has planned for 2014.

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Morrisons employee arrested on suspicion of insider trading relating to the Ocado deal
Photo credit: Morrisons

A senior Morrisons employee was arrested in December following allegations that he bought shares in online grocer Ocado, it has emerged. According to the Telegraph, group treasurer and head of tax at Morrisons, Paul Coyle, was arrested in December after an investigation by the Financial Conduct Authority (FCA).

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Morrisons loses market share following poor Christmas sales
Photo credit: Morrison's

Supermarket chain Morrisons could see its “big four” status under threat after poor Christmas sales saw its market share drop to 11.5 per cent in the 12 weeks to January 5. Data from Kantar Worldpanel shows that the retailer has lost ground on discount retailers and major rivals following poor a Christmas, in which sales fell by one per cent.

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Sainsbury's Locals to surpass supermarkets this week
Photo credit: Sainsbury's

The number of Sainsbury’s convenience stores in the UK will surpass the amount of Sainsbury’s supermarkets for the first time this week. As part of its pledge to open at least two c-stores a week during 2013/14, the retailer will unveil its 594th Sainsbury’s Local on Thursday in Balsall, Coventry.

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Sales continue to soar at John Lewis and Waitrose
Photo credit: John Lewis

John Lewis Partnership has hailed “a cracking start to the year” as both John Lewis and Waitrose record bumper post-Christmas sales. Total sales across John Lewis department stores rose 23.6 per cent to £113.4 million in the week ending January 4, while the retailer’s total sales, which includes sales online, were up 15.8 per cent year-on-year.

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