Morrisons to sell-off retail property to fund shareholder dividend Monday, 24th February 2014
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.
Sainsbury's continues aggressive c-store expansion Saturday, 15th February 2014
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.
"Big four" supermarkets in danger of losing market share following slow sales Wednesday, 12th February 2014
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.
Food grocers will report to the BRC about food waste Wednesday, 29th January 2014
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.
Waitrose to hire 2,000 more staff for 2014 openings Thursday, 23rd January 2014
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.
Morrisons employee arrested on suspicion of insider trading relating to the Ocado deal Monday, 20th January 2014
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).
Morrisons loses market share following poor Christmas sales Wednesday, 15th January 2014
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.
Sainsbury's Locals to surpass supermarkets this week Monday, 13th January 2014
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.
Sales continue to soar at John Lewis and Waitrose Monday, 13th January 2014
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.
Morrisons reports a 5.6% dip in like-for-like sales over Christmas Thursday, 9th January 2014
Bradford-based supermarket chain, Morrisons, has warned that full-year profits will be at the bottom of market expectations after reporting a 5.6 per cent drop in like-for-like sales over the crucial Christmas trading period. Chief executive Dalton Phillips, in an unscheduled trading update, conceded that the UK grocery market had been “very tough” and that its Christmas performance had been “disappointing”.
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