Articles about Supermarkets

Online grocery sales set to soar 124% by 2018 according to new research
Photo credit: My-Retail Media

According to new research, the UK food and grocery market is set to jump by a fifth to a record £206 billion by 2018, as business for convenience stores and food discounters rise considerably and online sales double. IGD, the food and consumer research charity behind the findings, believe that online and convenience retailing will be the main beneficiaries as consumers become increasingly more reliant on smartphones and tablets.

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Tesco to revive the hypermarket
Photo credit: Tesco

Tesco is planning to reopen its Watford hypermarket in an ambitious new project which will allow restaurants, coffee chains, nail salons, soft-play zones and gyms, to all exist under one roof. The leading supermarket chain did previously say that it was bringing an end to its long-term plan of opening larger stores across the country, due largely to the advent of convenience stores.

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Wal-Mart weighing up lucrative bid for Hong Kong supermarket?
Photo credit: Wal-Mart

According to sources close to Reuters, Wal-Mart Stores Inc. is considering making a bid for Hong Kong supermarket, ParknShop, valued at USD 4 billion. The acquisition is sparking interest from corporate and private equity buyers after Hutchison Whampoa Ltd, the conglomerate owned by Asian business mogul Li Kashing, put an August 16 deadline on the sale.

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Express checkout service at supermarkets may mark the end of long queues

Supermarkets spend millions in cutting off long waits at queues for customers. From barcode scanners to self-serving checkouts, now there’s a Rapid Scan on the way that could finally spell the end of those long queues.

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Carrefour shows signs of a European revival
Photo credit: Carrefour

The world’s second largest retailer, Carrefour, said on Thursday that sales in its core French hypermarkets and China have been positive, reassuring investors that newly appointed chief executive Georges Plassat can spark a European revival for the grocer. Chief financial officer Pierre-Jean Sivignon told reporters that projected sales figures before interest and taxes of around EUR 2.2 billion (GBP 1.89 billion) was “reasonable”, providing currencies in Latin America do not buckle against the Euro.

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Sainbury's by Sainsbury's range to reach general merchandise
Photo credit: Sainsbury's

Sainsbury’s announced today that the by Sainsbury’s brand will be introduced across Sainsbury’s general merchandise lines from August 2013. The own-brand range will launch across general merchandise over the next two years in an attempt to emulate the success of the by Sainsbury’s range across the food sector.

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Morrisons chief proposes 'online tax' to balance the retail industry

Dalton Philips, Morrisons’ chief executive, today admitted that internet sales are hurting the high street and said his company is willing to pay ‘online tax’ to redress the situation.

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Asda reduces car hire cost with review of policy
Photo credit: Asda

Asda have significantly reduced its hire car costs following a review of its policy, which sees booking and authorisation processes tightened. Since the changes have been implemented, ancillary hire costs have been reduced by 19 per cent, mileage charges have been reduced by 72 per cent, the cost of re-fuelling is lower by 33 per cent, reduced vehicle hire days of 15 per cent, and a total reduction in vehicle hire spend of 9.5 per cent.

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Sainsbury's Locals set to overtake supermarkets by the end of the year
Photo credit: Sainsbury's

Sainsbury’s chief executive Justin King has declared that convenience stores will overtake supermarkets by the end of the year. Speaking at the Sainsbury’s annual meeting in London, the supermarket boss reaffirmed that the so-called “space race” in the industry is far from over, contradicting claims made by Tesco chief executive Philip Clarke.

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Company bonus' topping £8 million made to former Tesco boss
Photo credit: Tesco

Former Tesco chief executive Sir Terry Leahy, has reportedly received almost £8.5 million in performance-based payouts since retiring two years ago, according to The Guardian. The payments come amid writedowns, profit warnings and mounting criticism about Leahy’s strategic legacy.

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