Morrisons news and analysis – Page 125
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Morrisons sales soar
Morrisons has seen interim total like-for-like sales jump 9.6% on the back of increased footfall and customer loyalty.For the period to August 10 pre-tax profit rose 10.2% to £126.2m from £114.5m, while turnover increased by 14.8% to £2.5bn....
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Reshaping at a critical time
News of Brasher’s promotion comes at a crucial time for the industry. Price competition is intensifying and the Safeway auction has the potential to change the way all food retailers do business in the future. Analysts say the appointment...
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OFT’s one shop shocker
The Office of Fair Trading has launched an investigation which could send shockwaves through the multiples’ boardrooms.The OFT, which usually only considers major deals such as the proposed takeover of Safeway or Sainsbury’s wish to buy 179...
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First to the new future
Tesco is determined to change the market while rivals slog it out for Safeway. Siân Harrington reportsnThe Safeway takeover will alter the competitive arena in...
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Photo finish for top three
Once again everything changes in the fascia chart with Safeway moving back up from number three to claim the top spot. Safeway is dominated by price promotions and is particularly strong on alcoholic drinks with numerous sitings around the...
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What price Safeway?
DTZ’s unorthodox evaluation could impact on the whole sector. Liz Hamson reportsRobust” and “unconventional” were just two of the words used to describe the valuation of Safeway’s property portfolio carried out by surveyors DTZ last...
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The mainland threat
Is the Safeway fallout worrying NI independents? Anne Bruce reportsWith 10-plus strong brands touting for business on a 5,500 sq mile patch, Northern Ireland’s 1.7 million residents are spoilt for choice when it comes to groceries. If...
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JS scores Northern Ireland first
Sainsbury in Forestside, Belfast, claims the Star Performer title this week as the first store in Northern Ireland to check in a full basket. While Morrisons in Failsworth, Greater Manchester, delivered the cheapest full basket, at £38.92,...
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Why the bidding may go soft
Morrisons still has to wait a month to hear whether it has got the green light from the Competition Commission to bid for Safeway. But the indications are that, if given clearance, it will lower the price of its takeover offer on the back of the...
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Industry urged to back Caravan target
Retailers and suppliers are being asked to dig deep this year and support the grocery industry’s welfare charity Caravan as it looks to raise £2m. The charity’s president Jack Sinclair, Safeway’s marketing and trading director, admitted...
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Proof of subsidy, as if it were needed
from J Spencer, Spencer of Wells, SomersetSIR; I read with interest your article about the increase in the price of Heinz baked beans, in which Sainsbury, Tesco and Waitrose had all raised their prices from 34p to 38p while Morrisons...
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Busy shelves at Morrisons
Morrisons comes out at the top of the chart this week with all other fascias quite a way behind. Activity in Morrisons is focused upon gondola ends and is particularly strong in the alcohol and household categories. Morrisons has promotions...
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‘Delays bad for everyone’Manufacturers reader panel
The Safeway takeover is unlikely to be resolved until early next year, according to City analysts.Trade and industry secretary Patricia Hewitt finally received the Competition Commission’s 840-page report on Monday after a six-day delay. She...
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View from the top
The Grocer asks industry chiefs who their money is on to win the battle for Safeway and whether they believe the protracted sale has hurt the market over the past six monthsSince January, the challenge for my colleagues and I has...
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Consumer vox pop
>>consumers say safeway is out of step with the timesConsumers may not know or care who is in the running for Safeway. But that does not indicate that they have no views on the outcome nor how it will affect the price of their weekly...
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Consumers back Green
As the Safeway saga nears a conclusion, shoppers and industry chiefs reveal their preferred end result. Liz Hamson reportsMost consumers think the supermarket sector would benefit if retail entrepreneur Philip Green bought Safeway. As...
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Which way Safeway?
The threat of legal challenge from Asda's US parent Wal-Mart could delay publication of the Competition Commission ruling on the takeover of Safeway. The Sunday Telegraph said the report is understood to recommend that Asda, Sainsbury and...
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Working week...
>>The highs and lows of a week in the industryProduct development has little to do with sitting around eating, says Carolyn Rastall, a senior product developer for Safeway.In fact, one of the things Rastall likes about her...
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Safeway in the top spot
Safeway leaps ahead this week to take the top spot in the chart, forcing Sainsbury down to number two. The multiple at the centre of takeover activity appears to be focusing on price promotions and buy-one-get-one free offers and is...
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vital safeguards for independents
from David Rae, chief executive, Association of Convenience StoresSir; The Competition Commission’s inquiry into the proposed acquisition of Safeway – due to report this week – offers a timely opportunity for regulators to introduce...