All posts tagged supermarkets
Horse meat scandal dents Tesco’s UK first quarter sales of frozen and chilled convenience food
Supermarket chain Tesco issued its first quarter interim management statement on Wednesday and reported that its objectives for growth and returns are on track for the years ahead, despite lower sales in its frozen and chilled convenience food sales resulting …
UK supermarkets sign up to new principles on promotions
Eight supermarkets in the UK have agreed to abide by new guidelines on special offers and promotions, the Office of Fair Trading (OFT) announced today. The agreement with the
French retailer Carrefour exists Indonesia in €525m deal
French retail major Carrefour SA (EPA:CA) on Tuesday announced a EUR525m (USD671.5m) deal to sell the 60% stake it holds in its Indonesian unit to local partner CT
Asda grows UK market share to 17.5%
UK supermarket chain Asda reported today that its share of the UK grocery market has increased to 17.5%, up 0.1% year-on-year. The retailer, which is owned by Wal-Mart Stores
Tesco’s Turkish unit in talks to acquire a controlling stake in local grocer Uyum Gida
Tesco Kipa Kitle Pazarlama Ticaret ve Gida Sanayi AS (IST:KIPA), the Turkish subsidiary of British retailer Tesco Plc (LON:TSCO), is in preliminary discussions about buying a majority stake
Tesco to exit Japan via two-stage sale to domestic player Aeon
British retailer Tesco Plc (LON:TSCO) said on Monday it would sell 50% in its Japanese business to domestic sector player Aeon Co Ltd (TYO:8267) as part of a
French retailer Carrefour exits Greece via sale of JV stake
French retail giant Carrefour SA (EPA:CA) announced on Friday it had agreed to sell its entire interest in its Greek joint venture to the Marinopoulos group, thus entrusting
Tesco sales down again in UK market
UK-based supermarket retailer Tesco plc (LSE:TSCO) announced today a further decrease in quarterly sales in its home market. The retail giant said that like-for-like sales in the UK, excluding
Sainsbury’s reports growth in sales and market share in 2011
UK retailer J Sainsbury plc (LSE:SBRY) reported today a 6.8% increase in total sales for 2011 to GBP24.5bn and said that it outperformed the market and increased its
Shoppers prefer bargain stores Aldi and Lidl
For the first time ever, budget stores Aldi and Lidl have beaten Marks and Spencers in an annual supermarket satisfaction report. Thanks to the appeal of their low
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