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CommentWire
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In a difficult retail market, the UK's largest retailer has delivered on each of the four components of its strategy, reporting group sales growth of 10.3% (excluding petrol). The good news for investors is that not only is Tesco showing no sign of slowing down, it is actually well placed to pick up further pace.
Published By Datamonitor
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05 Dec 2006 |
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CommentWire
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Kwik Save's attempts to secure its second refinancing package in a little more than two months are an indication of the difficulties the retailer is currently experiencing. With availability and profitability issues, falling sales, and leadership problems, the retailer may be relying on this refinancing in order to stay afloat.
Published By Datamonitor
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04 Dec 2006 |
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CommentWire
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Asda announced a far reaching recovery plan towards the end of 2005, following a disappointing year in which the retailer saw its lowest sales growth in over 10 years. The results of this plan are now beginning to show with a much improved performance in Q3 of 2006.
Published By Datamonitor
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15 Nov 2006 |
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CommentWire
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Interim results released by Sainsbury confirm the grocer's recovery is well on track, with group sales ahead 8.3% and underlying profit before tax up 60.2%. CEO Justin King was also keen to bring attention to the grocer's corporate responsibility initiatives, which could provide a sound way for the retailer to differentiate in an increasingly competitive market.
Published By Datamonitor
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15 Nov 2006 |
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CommentWire
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With geographic expansion for its standard supermarket operations difficult to come by, Asda is focusing its expansion ambitions towards online sales and smaller non-food stores. These are both important growth drivers in the UK food & grocery market, and ones where Asda could benefit from reasserting its position.
Published By Datamonitor
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06 Nov 2006 |
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CommentWire
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A 10% rise in sales and an operating profit increase of 110% in the UK and Eire show the merits of Aldi's strategy to re-align itself with a more quality-led proposition. However, Aldi remains a small player in a market dominated by incumbent players.
Published By Datamonitor
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26 Oct 2006 |
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CommentWire
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Sainsbury, Asda and Morrison have appealed to the Competition Commission (CC) to slow the growth of Tesco, claiming the retailer will see its share of the food and grocery market reach 43% by 2010 if left unabated. But given the retailer's increasing focus on non-food, this seems a challenge too far - even for Tesco.
Published By Datamonitor
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23 Oct 2006 |
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CommentWire
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Mysupermarket.co.uk, due to launch tomorrow, will be the UK's first grocery comparison website. No doubt it will look to emulate the success of the likes of Kelkoo and its rivals. However, this could prove a challenge as, despite the simple appearance, grocers' success is determined on far more than price alone.
Published By Datamonitor
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17 Oct 2006 |
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CommentWire
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The announcement that Kwik Save has received more investment is another step towards getting the retailer back on track. However, there is still a long way to go for the budget grocery chain which in recent years has lurched from one problem to another.
Published By Datamonitor
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16 Oct 2006 |
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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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