Retail news from FPJ – Page 266
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Ethical spending continues, says Co-op Bank
The Co-operative Bank has insisted the economic downturn will not halt the growth in ethical consumerism, as it published its ninth annual report into green spending.
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Tesco drops £1.9m libel suit
A Thai business journalist sued for £1.9 million of libel damages by Tesco Lotus has reached an agreement with the supermarket chain to end the suit, according to The Guardian newspaper.
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ArticleMorrisons unveils sales leap
Third-quarter sales at Morrisons rose by an impressive 8.1 per cent, the chain has revealed, thanks to its efforts to keep costs down for shoppers.
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ArticleTesco masterclass raises spud awareness
Tesco ran a potato masterclass hosted by Michelin Star-rated chefs for its staff last month, to raise awareness of the diversity of potatoes.
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Waitrose presses forward with new plans
Waitrose is going ahead with its expansion plans despite the economic downturn, which has hit its market share hard.
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Tesco to unveil sharp slowdown in growth this week
Tesco is due to unveil a sharp slowdown in third quarter like-for-like sales growth this week.
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Supermarkets to slash bag use
Four of the UK’s largest supermarkets are aiming to halve the estimated 13 billion free plastic bags given out each year by next April, according to BBC News.
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ArticleEx-Sainsbury's man issues call to arms
Former Sainsbury’s food director Ian Merton has called on growers and marketing companies to support supermarkets through the economic slowdown, insisting they are facing the same pressures as the rest of the supply chain.
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CRS 2009 to focus on credit crunch
The Convenience Retailing Show (CRS) is set to return in 2009 offering crafty tips to help beat the credit crunch.
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City workers get green fingered
A report in British newspaper The Daily Telegraph last weekend suggests that City workers are turning to gardening as a source of income as the economic downtown threatens their jobs.
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ArticleAsda announces food inflation fall
Asda has offered a nugget of hope for UK families, reporting a sharp drop in food inflation that may help counter a £10 a week disposable income fall in the last year.
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ArticleWaitrose holding own, insists Price
Waitrose managing director Mark Price has insisted the upmarket supermarket chain is holding its own in the financial crisis, in an interview with the Financial Times.
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ArticleTesco counters suppliers' claims
Growers’ and suppliers’ claims of “bully-boy” tactics by the supermarkets have been strongly refuted as the multiples came in for more criticism amid rising food prices.
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ArticleProduce special offers breach guidelines
An investigation by consumer watchdog Which? has uncovered supermarket special offers on fresh produce and other items that could mislead shoppers.
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ArticleBRC: Figures mask tough conditions
Unexpectedly high official retail sales figures fail to convey how tough conditions are for customers and retailers, said the British Retail Consortium (BRC).
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Sainsbury's bids for Olympic glory
Sainsbury’s is hoping to become a key name at the London 2012 Olympics, according to Marketing Week.
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Sainsbury's losing out in South East
Over the last 12 months, Sainsbury’s has lost its pole position in three areas in the South East, according to new research from a location planning company.
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ArticleAsda records sales jump
Number-two supermarket chain Asda has reported a significant leap in sales.
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ArticleSainsbury’s profits up 13.3 per cent
Sainsbury’s has defied the credit crunch and reported a substantial increase in half-year profits.
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ArticlePrice-focused retailers profit from crunch
Year-on-year growth at Aldi has hit a record 23.9 per cent in the 12 weeks to November 2, 2008 - reflecting the onward march of retailers with a strong price positioning, according to the latest figures from TNS Worldpanel.