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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.
Morrisons shares fall as sales continue to struggle Thursday, 9th May 2013
The UK’s fourth biggest grocer, Morrisons, crashed in the stock market today as it continues to fall behind its competitors. The 1.8 per cent slump was an improvement from its 4.1 per cent performance in the last quarter, however, shares fell 8.2p to 288.2p, making them the worst performers in the FTSE 100 index.
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.
Dubai’s MAF in talks to acquire Egyptian supermarket chain Tuesday, 30th April 2013
Majid Al Futtaim (MAF), the Dubai-based conglomerate, is said to be in advanced talks to buy Egypt’s largest supermarket chain, Metro, from the family-owned Mansour Group. According to reports by Reuters, MAF, which is also the sole franchisee of Carrefour’s operations in the Middle East, has concluded its due diligence process for the purchase of the Metro chain and discount grocery store Kheir Zaman.
Sainsbury’s chief Justin King “not planning on going anywhere” Monday, 29th April 2013
Sainsbury’s chief executive Justin King was forced to play down reports over the weekend that he could be preparing to leave the retailer. King, who had led the UK’s third-biggest supermarket since 2004, rubbished claims that he could be in line to replace Bernie Ecclestone as chief executive of Formula One, or Marc Bolland as boss of Marks & Spencer.
Farmfoods profit up 13.6% despite fall in sales Friday, 26th April 2013
Frozen food specialist Farmfoods reported pre-tax profit of £20 million in 2012, up 13.6 per cent from the year before, despite a small fall in sales to £595 million. The Scottish retailer said that despite competitive trading conditions, it had managed to increase its profits by focussing on energy efficiency and reducing its employee base.
Morrisons rumoured to be considering £1bn Ocado offer Wednesday, 24th April 2013
Rumours emerge that Morrisons could be considering a full-scale offer for online retailer Ocado, in a deal that could be worth £1 billion. Morrisons has come under pressure in recent months as rival supermarkets continue to expand their online presence. Industry data on Tuesday from Kantar Worldpanel found Morrisons to have achieved a 0.3 per cent rise in sales in the 12 weeks to mid-April, in contrast with Sainsbury’s 5.4 per cent rise and Asda with 3.0 per cent.
Asda to trial same-day delivery service next month Tuesday, 23rd April 2013
Asda set to introduce same-day delivery service as it looks to invest £700 million into its digital business. According to a report by the Telegraph, the UK’s second largest supermarket is gearing up to open 12 new stores and create 2,500 jobs as part of a huge investment drive into the company’s digital expansion.
Carrefour Q1 come in flat as tough trading in Europe drags down sales Friday, 19th April 2013
The world’s second largest retailer reported first quarter sales of EUR 20.8 billion, just below expectations as a fall in demand in Spain and Italy hit home. Sales for Carrefour’s first quarter failed to meet the average forecast of EUR 20.9 billion from a poll of Reuters analysts, as the supermarket battled against continued weak demand in its core European market.