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Maplin’s refusal to cut prices pays off for December like-for-likes Thursday, 12th January 2012
The electronics specialist has reported a 1.4 per cent jump in like-for-like sales for the Christmas period, as online sales rose 21 per cent. Gross sales rose by 6 per cent in the four weeks to 31 December. Maplin said its “pleasing” performance in “tough current economic conditions” was due to store improvements designed to focus on offering customers specialist products.
Waitrose sales set new record Thursday, 5th January 2012
According to the supermarket, sales in the week before Christmas set a new weekly record for the retailer. Like-for-like grocery sales, which take away the effect of new store openings, rose 3.8 per cent in December, compared with the same month last year. Overall, grocery sales grew 19.1 per cent in the month, whilst sales at the Waitrose.com online operation grew by 49 per cent.
ASA puts its foot down with new rule to end price war squabbles Monday, 12th December 2011
After a full twelve months of bickering and name calling from the Big Four supermarkets, the Advertising Standards Authority (ASA) has finally lost its patience. From this month, a rival company will no longer be able to lodge a complaint unless it can prove it has tried to resolve the issue with a competitor.
Inditex receives vote of confidence from Nomura and Banco Sabadell ahead of earnings update Wednesday, 7th December 2011
Japanese bank Nomura gave Inditex a vote of confidence this week by reiterating its neutral recommendation price target of EUR 66 for the Spanish retail firm. With Inditex’s earnings presentation just one week away, Japanese media reported that Nomura expects the retailer to present solid results and showcase its strength in the Spanish market.
Sainsbury’s to defy Big Four’s festive price war Monday, 28th November 2011
J Sainsbury will shun the wave of discounts and special offers its rivals have lined up in the run up to Christmas. The UK’s third largest retailer believes shoppers will splash out on Christmas regardless of a gloomy economic backdrop. Mike Coupe, the company’s commercial director, said on Monday...
Thomas Sabo sales rise year-on-year in run up to Christmas Thursday, 24th November 2011
UK sales at the jeweller have risen across all categories in the run up to the Christmas peak trading period. Thomas Sabo also reported it experienced earlier orders from retailers, suggesting its stockists are feeling optimistic over sales of the brand’s jewellery early on in Christmas trading. Thomas Sabo UK managing director Harald Winzer said: "We have had a very good autumn/winter 2011 season so far and our retailers’ feedback is very positive on all our product lines and most of them report to be ahead of last year.
Tesco ups the ante with Big Christmas Price Drop Wednesday, 23rd November 2011
The heat is on for the UK’s largest retailer, as Tesco prepares to unveil its Big Christmas Price Drop on Thursday 24 November. In the wake of “intense” competition, the supermarket will slash 1,000 price tickets. The move comes just two months after the retailer launched its Big Price Drop. UK chief executive Richard Brasher told press the lack of consumer confidence had vindicated Tesco’s low price policy.
Asda sales improve as Brits “consolidate” their baskets Tuesday, 15th November 2011
The UK’s second biggest grocer saw like-for-like sales, excluding VAT and fuel, increase 1.3 per cent between 1 July and 30 September. Asda, which holds a 17 per cent market share compared to industry leader Tesco’s 31 per cent, saw the number of shoppers through the checkouts drop 1.3 per cent in the period, but crucially, the average basket price rose 2.6 per cent in a sign that customers continued to “consolidate” their shopping trips.
Big Four’s price war slashes inflation levels Tuesday, 15th November 2011
Shop price inflation fell to 2.1 per cent overall in October from 2.7 per cent in September, with food prices experiencing the second biggest drop in over two years. The British Retail Consortium (BRC)- Nielsen Shop Price Index showed food inflation fell to 4.2 per cent in October from 5.0 per cent in September.
Prices rise at fastest rate since records began Wednesday, 19th October 2011
The consumer price index (CPI) increased at a record rate in the year to September, according to the Office for National Statistics. The CPI rose 5.2 per cent, the highest since it was introduced in 1996, and equal to a peak in September 2008. In the year to August the figure stood at 4.5 per cent, making this the second largest monthly jump in the rate ever.