John Lewis sales growth stalls Friday, 26th October 2012
John Lewis prepares for the onset of colder weather. Sales growth for Britain’s biggest department store group fell for the third week in a row last week, as tough comparables from the year before proved hard to beat. John Lewis on Friday said department store sales rose 7.0 per cent to £69.4 million in the week to 20 October.
Supermarkets to adopt traffic light labelling by mid-2013 Wednesday, 24th October 2012
All major supermarkets in Britain are planning display a version of ‘traffic-light’ labels in an effort to stamp out confusion about the nutritional value of food.
CBRE GI spends £62m on UK supermarket acquisitions Tuesday, 16th October 2012
CBRE Global Investors on Monday announced the acquisition of five UK supermarkets for around £62 million. According to City AM, the firm purchases two Waitrose stores in East Grinstead and Frimley, two Sainsbury’s stores in West Wickham and Chadwell Heather and a Co-operative store in Leeds. “These five acquisitions offer secure income streams of more than 15 years and with sustainable and above market yields,” CBRE said in a statement.
John Lewis sales rocket 16.2% as first flexible store is opened Friday, 12th October 2012
Sales at John Lewis rocketed by 16.2 per cent to £70 million last week as shoppers scrambled to update their winter wardrobes.
Sainsbury’s delivers big four’s ‘stand out performance’ Tuesday, 9th October 2012
Sainsbury’s, Waitrose and Asda managed to increase their hold on the grocery sector during the summer months, while Tesco and Morrisons fell behind. Latest figures from Kantar Worldpanel saw Sainsbury’s increase its market share by 5.6 per cent in the 12 weeks to 30 September, boosting its share from 16.2 per cent a year before to 16.5 per cent.
Waitrose boss: “It’s time to stop knocking business” Tuesday, 9th October 2012
Mark Price, managing director of Waitrose yesterday spoke out on the “anti-business rhetoric” a number of politicians had adopted. Speaking at the Conservative Party Conference in Birmingham yesterday, Price told Michael Fallon, the new business minister, that politicians should “stop knocking business”, and instead back employers to help generate jobs and tax revenue.
Autumn brings windfall of sales for John Lewis Friday, 5th October 2012
The department store saw sales rise 26.5 per cent as autumn purchases and a cold spell set the tills at John Lewis ringing. Sales came in at £72.7 million for the week to 29 September, as a change in seasons boosted clothing sales and childrenswear, which rose 77 per cent.
Everything to play for as Morrisons looses market share to Asda and Sainsbury’s Tuesday, 11th September 2012
The UK’s fourth largest supermarket saw rivals Asda and Sainsbury’s make gains on its all-too-important market share over summer. In the 12 weeks to 2 September, Morrisons’ market share fell 11.5 per cent from 11.7 per cent a year earlier, while Asda and Sainsbury’s each posted gains of 4.5 per cent and 3.8 per cent respectively during the period.
John Lewis sales up 15% thanks to back-to-school buys Friday, 7th September 2012
The department store continued its winning streak over the summer as sales grew 15.3 per cent in the week to 1 September. Back-to-school purchases helped John Lewis reach total sales of £70.5 million for the week, including a 20 per cent year-on-year increase on bank holiday Monday.
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