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.
Sainsbury's CEO criticises Tesco Price Promise Tuesday, 19th March 2013
Justin King, the chief executive of Sainsbury’s has criticised Tesco’s Price Promise scheme as inaccurate, threatening to submit a complaint to the Advertising Standards Authority. King objected to Tesco comparing prices of own-brand items, asking at Sainsbury's results presentation, “How on earth do you compare non-brand products?
Target announces deal to acquire two e-commerce brands Friday, 15th March 2013
Target has agreed upon a deal to buy Chefs Catalog and Cooking.com, with the acquisition expected to be finalised within a month. Target announced through their corporate site yesterday that it will acquire the two e-commerce brands with the intention of increasing its sales of both food and kitchenware.
Morrisons plans to sell food online before the end of 2013 Thursday, 14th March 2013
Supermarket chain Morrisons has announced its intention to begin online retail and delivery of food before the end of 2013. Morrisons is currently the fourth most powerful supermarket chain in the UK. All three of the supermarkets currently ranked above it (Sainsbury’s, Asda and the current leader Tesco) sell and deliver food through their respective websites.
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.
Morrisons plans strategic overhaul for 2013 Monday, 25th February 2013
Image courtesy of Morrisons
With analysts predicting a 6% decline in profits, the supermarket chain has announced that it will be undergoing a strategic overhaul this year which it hopes will revitalise the company. The chief executive of Morrisons, Dalton Philips, has already revealed ambitious plans for 2013 which he hopes will allow the company to match or even surpass its rivals.
Harris & Hoole coffee shop to open in flagship Tesco store Wednesday, 6th February 2013
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.
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