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Ocado and Morrisons deal nets £1.5 million for Sir Stuart Rose Monday, 20th May 2013
The former chief executive of Marks & Spencer and now Ocado chairman, Sir Stuart Rose, has reportedly seen his personal wealth rise by GBP 1.5 million following the delivery group’s deal with Morrisons, the Mail on Sunday reports. The retail veteran owns 1.2 million shares in Ocado, 450,000 of which were acquired as a result of his appointment as chairman on March 11.
Fashion sales back in vogue for John Lewis Friday, 17th May 2013
Despite tough comparisons across the business, John Lewis’ fashion sales rose 4.8 per cent in the week to 11 May, as the warm weather spurred on clothing lines. A warm bank holiday weekend brought a sharp drop in footfall for John Lewis in the seven days to 11 May, with total sales falling to -0.2 per cent year-on-year.
Tesco acquisition on Sandbanks' millionaire row proves contraversial Thursday, 16th May 2013
Wealthy residents of the Sandbanks millionaire’s row remain perplexed by the acquisition of a Tesco Express, which plans to open in July. Residents from Dorset have expressed their frustration by claiming that the convenience store will be an ‘eyesore’ and that it would look ‘like a filling in a set of teeth’, the Daily Mail reports.
Ocado's shares fall 8 per cent amid potential contract dispute with Waitrose Monday, 13th May 2013
Ocado, the grocery delivery service, saw its shares drop 8 per cent amid a potential breach of contract with main clients Waitrose, The Guardian reported Monday. Waitrose lawyers remain concerned about Ocado’s proposed deal to set Morrisons up with their own online delivery service, fearing a conflict of interests.
ECB announce Waitrose as new sponsor for England cricket team Friday, 10th May 2013
The England and Wales Cricket Board (ECB) have announced that supermarket chain Waitrose, will become the new shirt sponsor for the England cricket team from 2014. The Waitrose sponsor will replace the current Brit Insurance logo, which features on England match and training gear.
John Lewis fetes arrival of spring as fashion sales surge Friday, 3rd May 2013
Hotter climes have helped fashion sales at John Lewis rise 19.6 per cent on the same week a year before. The department store on Friday reported a stronger week with sales up 5.3 per cent in the seven days to 27 April, as fashion sales managed to offset tougher trading at the retailer’s home and electricals and home technology directorates.
Kantar finds Sainsbury is strongest performer in Big Four Tuesday, 23rd April 2013
Latest Kantar results find Sainsbury delivered the strongest growth within Britain’s four biggest supermarkets, as sales rose 5.4 per cent in the 12 weeks to 14 April. According to market research conducted by Kantar Worldpanel, Sainsbury increased its market share to 16.9 per cent in the three months.
John Lewis’ Oxford St flagship sees 18.5% rise in sales Friday, 19th April 2013
Proving the stores still have it, John Lewis’ Oxford Street flagship reported an 18.5 per cent rise in sales in the week to 13 April. While John Lewis’ stellar rate of sales growth slowed slightly to 6.9 per cent including VAT in the seven days to 13 April, it was the group’s bricks-and-mortar stores that led the way for the week, with Oxford Street, Liverpool, Poole and Aberdeen all well into the double digit figures for growth.
Sales rise 23.1% for John Lewis as department store looks to cater for “every eventuality” Friday, 5th April 2013
Sales rose 23.1 per cent year-on-year for the department store group, as Easter purchases boosted strong like-for-like sales and online growth in the seven days to 30 March. The Easter holidays brought a rise in footfall for John Lewis stores, as sales rose 14.6 per cent on the Easter week from 2012.