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CommentWire
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Sainsbury's second quarter announcement of 8% total sales uplift (excluding petrol), including a 6.6% like-for-like improvement, marks the seventh consecutive period of growth for the retailer and suggests Justin King's recovery plan is firmly on track. But with Tesco continuing to storm ahead and Asda and Morrison both trading significantly better, Sainsbury needs to remain on top of its game.
Published By Datamonitor
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11 Oct 2006 |
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CommentWire
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After almost a year focused on repaying debt since it was taken private by an Apax led consortium, Somerfield's new CEO, Paul Mason, has announced plans to reclaim lost market share from rivals. But with a tight store refurbishment budget and stronger competition from rivals, Somerfield will have its work cut out.
Published By Datamonitor
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05 Oct 2006 |
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CommentWire
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Despite tough market conditions and increasing competition, Tesco has reported a 12.7% uplift in group sales during the 26 comparable weeks to August 26, 2006. With all four dimensions of its growth strategy performing well, the retailer is on track to maintain momentum during its second half and into the foreseeable future.
Published By Datamonitor
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03 Oct 2006 |
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CommentWire
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Coles Myer has gone on the defensive following an unwanted takeover bid from a private equity consortium and interest from a second. The company has ambitious plans to restructure the business, but may have been influenced by the desire to deter a takeover as much as its actual ability to hit the targets.
Published By Datamonitor
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22 Sep 2006 |
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CommentWire
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Dutch retailer Ahold and smaller rival Delhaize are in talks, with a merger between the two seen by many as the most plausible outcome. Ahold's and Delhaize's business operations may well be split along geographical lines, with Ahold running a future European division while Delhaize could affect the turnaround of Ahold's underperforming US arm.
Published By Datamonitor
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21 Sep 2006 |
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CommentWire
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Morrison has released an impressive set of results for its first half of the year, demonstrating steady progress with its optimization plan. With the integration of the Safeway estate complete, investors will be pleased to see the retailer post profits of GBP134.2 million - against the losses of GBP82.1 million reported last year.
Published By Datamonitor
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21 Sep 2006 |
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CommentWire
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US sandwich retailer Subway has announced plans to enter into a trial joint venture with UK supermarket Tesco to open concessions in Tesco Express stores, and is also seeking partners on UK forecourts. Interest in a relationship with Subway is likely to be high among fuel retailers, both because of the sandwich retailer's established brand and the growing demand for healthier on-the-go snacks.
Published By Datamonitor
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21 Sep 2006 |
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Expert View
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Tesco is under pressure from Thailand's commerce ministry to suspend all expansion activity until next year, jeopardizing plans to open three to four hypermarkets this year. This draconian move to protect the country's small independent shopkeepers is a clear move to secure votes before the country's general election in November.
Published By Datamonitor
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15 Sep 2006 |
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CommentWire
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Thorntons' strategy needs overhauling. While sales via grocers are growing strongly, the company's high street shops and franchise operations continue to disappoint - despite numerous initiatives designed to improve their performance. Turning these shops around will be essential for delivering an enduring recovery at the business.
Published By Datamonitor
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13 Sep 2006 |
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CommentWire
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Wal-Mart is traditionally known for its large generic stores and this change in strategy to become a more focused and tailored operator will help the retailer to remain competitive. Wal-Mart has suffered a slowdown in sales growth and this change in strategy should help support like-for-like growth.
Published By Datamonitor
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12 Sep 2006 |
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