All news articles – Page 3995
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News
Tesco works to tap into media owner potential
Siân Harrington Tesco is to pilot third party advertising on the sides of lorries leaving its Livingston depot as it seeks new ways to generate revenue by positioning itself as a media owner. The UK's largest retailer is also undertaking a...
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Carrefour eyes more Spanish stores
Carrefour is rumoured to be planning to buy a number of stores in Spain from local chain El Arbol.According to Spanish newspaper Les Echos, Carrefour is thought to be close to purchasing the majority of the 193 stores put up for sale, to...
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Tweens’ pockets not as deep
Marketers are being warned that the much vaunted tweenager group may not be as attractive as once thought when it comes to autonomy and purchasing power.According to a report by market analysts Datamonitor, the spending power of children...
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IGD report points to tighter control of stock levels
Retailers' overall stock levels are down across most categories with non-food and beers, wines and spirits showing the biggest drop down 20%. IGD's Retail Logistics 2003 report shows how chains have gained tighter controls across the board...
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Customs search Reemtsma offices
Imperial Tobacco has confirmed that German customs officials have been searching the offices of its Reemtsma subsidiary in Hamburg.The UK-based maker of Embassy and Lambert & Butler said that it understood that the officers were...
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UK top of the snackers
Britain is Europe’s biggest savoury snacker according to a new report from market analysts Datamonitor.In its report ‘The European market for savoury snacks to 2006’ Datamonitor said the UK accounted for almost half of the $4bn European...
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Sainsbury to table a bid for Safeway
Sainsbury this morning said it is to consider tabling a £3.5bn cash and shares bid for Safeway which trumps the offer made by Morrisons last week.Chief executive Sir Peter Davis said that Sainsbury had identified Safeway as a possible target...
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Press round-up
Air Miles, a British Airways subsidiary, has fallen £11m into the red after profits of £8m last year, reported The Business. The reward scheme operator severed ties with Sainsbury last year and began a new deal with Tesco. AirMiles blamed the losses...
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Weekend press round-up
Supermarkets could be allowed to operate at motorway service stations with formats such as Tesco Metro and Marks and Spencer’s Simply Food, according to the Sunday Telegraph.The paper said current operators such as Moto, Roadchef and Welcome...
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Press round-up
The Co-op Group is eyeing up TM Group, the newsagent and convenience-store operator, valued at about £200m, said the Sunday Telegraph. The chain’s owners, HSBC Private Equity and Electra Partners Europe, have appointed Goldman Sachs, the...
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Press round-up
In response to the price cuts announced by Tesco and Asda, communications director at Safeway, Kevin Hawkins, told the BBC’s Radio 4 Today programme that he viewed the reductions with a big touch of scepticism. He said: "We have these so-called...
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Weekend press round-up
The Business reported that Wal-Mart and Sainsbury are to fight for Safeway with independent bids to scupper the Morrisons takeover.The Sunday Times said Sainsbury boss Sir Peter Davis wants to move quickly on Morrisons all-share deal for...
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Press round-up
Marks and Spencer is being sued for 60m euros by French retail chain Galeries Lafayette, in a dispute following the UK firm's decision to pull out of France in 2001.The Times said Galeries Lafayette is claiming compensation for having to fund a...
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Weekend press round-up
Sainsbury has written to suppliers asking them to try to cut costs by 5% and pass on the savings in lower prices, according to the Financial Times. The supermarket has offered to help the suppliers reduce their cost base, offering...
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Press round-up
Supermarket supplier Northern Foods is under pressure from shareholders for a shake-up after a profits warning.According to the Financial Mail on Sunday at least one major shareholder has asked to see chairman Peter Blackburn.Tesco's...
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Weekend press round-up
Many Safeway staff may not get Christmas bonuses this year after the supermarket failed to hit performance targets, reported The Times on Saturday. Store managers and employees responsible for the fresh food departments and who have met...
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Press round-up
Asda increased its sales by 13% last year, according to previously unpublished company accounts. The Guardian said turnover rose to £12.1bn boosted by its George clothing range and other non-food products. The accounts revealed that the...
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Press round-up
Asda and Morrisons could launch a joint £2.7bn bid for Safeway. City bankers told The Observer that Asda was ready to help Morrisons if BHS owner Philip Green makes a counter-bid next month. Bankers told the paper that Morrisons would be...
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Press round-up
The Nectar loyalty launched last year by Sainsbury, Debenhams, BP and Barclaycard has signed up more than 12 million households, according to the Financial Times. Meanwhile Sainsbury has launched its homeware and cookery range, including...
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Press round-up
Philip Green will enter talks with the OFT on Monday about his proposed bid for Safeway, the Sunday Times reported. The paper added that Irish grocer Superquinn’s share of the grocery market has declined over the past six months.Taylor Nelson...