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CMA blocks Sainsbury’s-Asda merger

CMA blocks Sainsbury’s-Asda merger

25/04/2019 - 10:41
The Competition and Markets Authority (CMA) has confirmed that it is blocking the proposed merger of Sainsbury’s and Asda. The two chains, along with Walmart, have since stated that they are abandoning the deal. read more
Sainsbury has lost its number-two slot to takeover target Asda

Sainsbury has lost its number-two slot to takeover target Asda

02/04/2019 - 15:29
Sainsbury has lost its status as Britain’s number two supermarket group by market share to takeover target Asda for the first time in four years, industry data showed. read more
Sainsbury’s and Asda seek to salvage deal with £1bn pledge

Sainsbury’s and Asda seek to salvage deal with £1bn pledge

20/03/2019 - 08:58
British supermarket groups Sainsbury’s and Asda have committed to deliver £1bn of annual price cuts as they attempt to salvage their proposed combination after being dealt a potentially fatal blow by the regulator. read more
Asda remains fastest-growing supermarket of UK's 'Big Four'

Asda remains fastest-growing supermarket of UK's 'Big Four'

12/12/2018 - 10:16
Asda remains the best performer of the UK’s ‘Big Four’ supermarkets, registering a 1.5% sales rise in the 12 weeks to 2 December, according to the latest market share figures from Kantar Worldpanel. read more
Asda introduces new service to help shoppers with special dietary needs

Asda introduces new service to help shoppers with special dietary needs

14/06/2018 - 16:12
Asda has linked up with tech firm Foodmaestro to introduce a new online nutritional search aid that supports customers with complex dietary needs. read more
Asda launches first ‘Free From’ chocolate bunny for Easter

Asda launches first ‘Free From’ chocolate bunny for Easter

22/03/2018 - 14:14
Asda has introduced its first new Free From Choc Easter Bunny, becoming the first supermarket to introduce a vegan, gluten, wheat and dairy free bunny to the UK market. read more
Asda to make 100% of its own-brand plastic packaging recyclable by 2025

Asda to make 100% of its own-brand plastic packaging recyclable by 2025

06/02/2018 - 10:38
UK supermarket chain Asda has announced a new recycling strategy, which will see the brand ditch single-use plastic bags by the end of the year and make 100% of its own-brand plastic packaging recyclable by 2025. read more
Wal-Mart’s U.K., China and Canada units all getting new CEOs - USA

Wal-Mart’s U.K., China and Canada units all getting new CEOs - USA

14/06/2016 - 15:51
Wal-Mart Stores is undertaking a series of executive changes at its international divisions, starting with a new head for its struggling United Kingdom business, Asda. read more
Sainsbury joins listed supermarket rivals - UK

Sainsbury joins listed supermarket rivals - UK

16/03/2016 - 15:11
London - Sainsbury’s surprise increase in fourth-quarter sales means all of Britain’s big listed supermarkets are back in growth. read more
Sainsbury’s did better than rivals - UK

Sainsbury’s did better than rivals - UK

10/02/2016 - 09:54
London - British supermarket Sainsbury's continued to outperform the industry in the early weeks of 2016, industry data showed on Tuesday. read more
Asda cuts hundreds of jobs - U.K.

Asda cuts hundreds of jobs - U.K.

20/01/2016 - 08:38
London - Hundreds of staff at Asda's head office in Leeds are facing redundancy as bosses at the UK's second biggest supermarket slash costs to combat the ongoing price war. read more
Walmart’s Asda unveils more price cuts - UK

Walmart’s Asda unveils more price cuts - UK

12/01/2016 - 09:29
London - Walmart Stores Asda has pledged to invest an additional £500m in cutting prices, creating further upheaval for the UK’s largest supermarket chains. read more
Sainsbury's on course to beat profit forecasts - UK

Sainsbury's on course to beat profit forecasts - UK

01/10/2015 - 10:53
London - British supermarket chain Sainsbury's raised its full-year profit forecast on Wednesday after posting a better than expected quarterly performance, raising hopes that the battered sector could be hitting the bottom and sending its shares soaring. read more
Sainsbury's launches clothing website - UK

Sainsbury's launches clothing website - UK

13/08/2015 - 10:21
London - British supermarket Sainsbury's launched a clothing website on Thursday, providing wider access to its Tu collection as it seeks to build on the success it has had from expanding beyond food products in its stores.  read more
UK's 'big four' grocers lose more ground - UK

UK's 'big four' grocers lose more ground - UK

29/07/2015 - 12:50
London - All of Britain's so-called "big four" supermarkets saw sales fall over the last 12 weeks in an overall market that grew marginally, with discounters continuing to take share from their bigger rivals, industry data showed on Tuesday. read more
How Tesco turned the tide - UK

How Tesco turned the tide - UK

29/06/2015 - 13:16
London - After more than four years of falling UK revenue, Tesco is stemming the decline.  read more
Coupe sees 15% market share for discounters - UK

Coupe sees 15% market share for discounters - UK

08/05/2015 - 11:30
London - Sainsbury's chief executive Mike Coupe has predicted discount supermarkets are set to gobble up nearly 15 percent of the market by 2022. He is the first boss of a major grocer to tell the City how much damage he believes Lidl and Aldi can inflict on the big four.  read more
Grocer Morrisons battles in tough climate - UK

Grocer Morrisons battles in tough climate - UK

07/05/2015 - 12:48
London - Morrisons, Britain's No. 4 grocer, posted a deteriorating fall in underlying sales on Thursday, further illustrating the tough turnaround task facing its new boss.  read more
Sainsbury's sales dip for fifth straight quarter - UK

Sainsbury's sales dip for fifth straight quarter - UK

18/03/2015 - 10:19
London - British supermarket Sainsbury's posted a fifth straight quarter of declining underlying sales and said it did not expect the trading environment to improve any time soon. read more
Target taps Tesco vet for digital transformation - USA

Target taps Tesco vet for digital transformation - USA

04/02/2015 - 09:13
Target’s goal of becoming a leading omnichannel retailer will be led by Tesco veteran Mike McNamara who joins the company as executive vice president and chief information officer. read more
CEO ditched after Christmas sales plunge - UK

CEO ditched after Christmas sales plunge - UK

14/01/2015 - 09:04
London - The intense pressure in Britain's supermarket sector claimed its first scalp of the year on Tuesday with the departure of Morrisons’ CEO Dalton Philips following a plunge in Christmas sales from Britain's No. 4 grocer. read more
Christmas quarter sales cheer Sainsbury’s - UK

Christmas quarter sales cheer Sainsbury’s - UK

12/01/2015 - 10:29
British grocer Sainsbury’s reported a better-than-expected Christmas quarter, boosting its shares and providing a rare bright spot in an industry convulsed by the march of the discounters.  read more
Troubled Tesco warns on profit again - UK

Troubled Tesco warns on profit again - UK

11/12/2014 - 09:54
London -British grocer Tesco has cut profit expectations for the fourth time this year, blaming the cost of trying to recover from an accounting scandal and a slide in market share. read more
Tesco shares rise after CEO takes helm - UK

Tesco shares rise after CEO takes helm - UK

04/12/2014 - 10:16
London - A decision by Tesco's new chief executive to personally take over the day-to-day running of the grocer's core British business as it heads into the key Christmas trading period was broadly welcomed as a pragmatic move by analysts on Tuesday. read more
First drop in UK grocery sales in 20 years - UK

First drop in UK grocery sales in 20 years - UK

19/11/2014 - 11:37
London - A price war, led by German-based discounters, has pushed Britain's grocery market into its first sales decline in 20 years, industry data showed on Tuesday.  read more
Asda partners with online performance marketing firm HookLogic - UK

Asda partners with online performance marketing firm HookLogic - UK

11/11/2014 - 09:20
London - Leading British retailer Asda has collaborated with ecommerce performance marketing company HookLogic to launch the company’s first venture into the European market.  read more
Sainsbury's aims to get more competitive - UK

Sainsbury's aims to get more competitive - UK

10/11/2014 - 09:31
London - Cutting costs, investment, prices, and dividends are likely to be among the initiatives announced by new Sainsbury's boss Mike Coupe on Wednesday, when he reveals his plan for coping with the toughest market conditions for decades. read more
Sainsbury takes fight to discounters - UK

Sainsbury takes fight to discounters - UK

07/11/2014 - 11:15
Leeds - British supermarket operator J Sainsbury's answer to discounters Aldi and Lidl was unveiled on Thursday, with the opening of its first Netto-branded store in northern England tasked to win over thrifty shoppers.  read more
Sainsbury's halves loyalty reward points - UK

Sainsbury's halves loyalty reward points - UK

15/10/2014 - 10:49
London - British supermarket Sainsbury's is to halve the number of Nectar reward points it gives holders of its loyalty card in the latest sign that an escalating price war is forcing grocers to re-evaluate the merits of shopper retention schemes. read more
Price cuts no quick cure for Tesco's ills - UK

Price cuts no quick cure for Tesco's ills - UK

10/10/2014 - 10:59
London - Cheaper meat and vegetables should draw shoppers back into Tesco stores but it will take time for the new boss of Britain's biggest grocer to win back market share. read more
Sainsbury's cuts sales forecast - UK

Sainsbury's cuts sales forecast - UK

02/10/2014 - 10:02
London - Britain's J Sainsbury cut its full-year sales forecast and said it would assess its dividend policy as part of a strategic review after second-quarter sales fell sharply, adding to the turmoil in the grocery market. read more
UK shop prices falling fast

UK shop prices falling fast

07/08/2014 - 12:12
London - Prices in British shops fell last month at the fastest rate since records began seven-and-a-half years ago, the British Retail Consortium (BRC) said on Wednesday, marking 15 months of sinking prices. read more
Wal-Mart's Asda returns to growth

Wal-Mart's Asda returns to growth

16/05/2014 - 09:31
London - Supermarket Asda, the British arm of the world's biggest retailer, Wal-Mart, returned to underlying sales growth in its first quarter as price-cuts started to attract thrifty shoppers. read more
Wal-Mart International names new CEO

Wal-Mart International names new CEO

11/12/2013 - 10:26
Bentonville, Ark. – Wal-Mart Stores named David Cheesewright, 51, as the new president and CEO of Walmart International. He succeeds Douglas McMillon, who is set to become the chain’s CEO, the retailer's top executive. Both assume their new roles on Feb. 1, 2014. read more
UK clothing label George hits local shelves, today

UK clothing label George hits local shelves, today

23/10/2013 - 12:51
Massmart will open the doors to three George pop up stores today, to give South African consumers a taste of the famous British brand of clothing. read more
Europe: Retailers eye profits from click & collect

Europe: Retailers eye profits from click & collect

16/09/2013 - 10:40
Paris - European retailers have gone back to bricks and mortar in the hope of turning their online food businesses profitable - racing to build pick-up points to capitalise on shoppers' increasing demand for "click and collect" grocery options. read more
Massmart Financial Results for the 26 weeks ended 23 June 2013

Massmart Financial Results for the 26 weeks ended 23 June 2013

22/08/2013 - 07:54
Key highlights - Total sales up 8.9% (R32,369m); 2012: (R29,717m) - Comparable sales up 5.5% - African operations sales up 10.7% - 146 cents dividend per share; 2012: 146 cents  read more
Tesco quarterly sales expected to decline

Tesco quarterly sales expected to decline

04/06/2013 - 08:09
London - Britain's biggest retailer, Tesco , is expected to slip back to an underlying sales decline when it publishes first-quarter trading figures on Wednesday, raising doubts about a costly recovery plan for its home market. read more
UK: New £7m Skelton Asda store to open this summer

UK: New £7m Skelton Asda store to open this summer

08/05/2013 - 10:37
Asda will open its controversial multi-million-pound store in East Cleveland this summer, the retail giant has confirmed. read more
UK: Asda to invest £700m, create 2 500 jobs

UK: Asda to invest £700m, create 2 500 jobs

24/04/2013 - 10:05
London - Asda, Britain's second-biggest grocer, said on Tuesday it would invest over £700m ($1bn) this year in its online operations, new and existing stores and its supply chain, helping to create 2 500 new jobs. read more
Walmart prefers own brand to Massmart’s Game in Africa roll-out

Walmart prefers own brand to Massmart’s Game in Africa roll-out

22/04/2013 - 09:32
As Wal-Mart Stores plotted an African entry strategy, buying Massmart Holdings two years ago was just the right vehicle. With 377 stores across the continent and a strong position in South Africa, Massmart offered the Americans a firm foothold in a fast-growing region. read more
UK supermarkets in petrol price war

UK supermarkets in petrol price war

14/03/2013 - 07:22
Cape Town - Slashing petrol prices worth up to £2 per fill-up of petrol have sparked a price war among supermarkets, in the wake of months of hikes, reported the UK's Mail Online. read more
Namibia: Walmart accepts merger conditions

Namibia: Walmart accepts merger conditions

15/11/2012 - 10:42
Windhoek – American-based Walmart has dispatched a team from its British subsidiary, ASDA Walmart, to look at the quality of Namibia’s agricultural products. read more
South African wines make it onto Walmart stores’ shelves

South African wines make it onto Walmart stores’ shelves

11/10/2012 - 08:51
Local suppliers are starting to reap the benefits of Walmart’s presence in South Africa. A recent success story has been Seven Sisters, a range of locally produced wines from the Swartlands area in the Western Cape. The wines were launched in South Africa in 2007 and the estate now offers seven wines each named after one of the seven sisters who are also the producers of the wine. read more
Tesco's UK sales fall as plan struggles

Tesco's UK sales fall as plan struggles

12/06/2012 - 08:08
London - Tesco, the world's third-biggest retailer, has seen a drop in quarterly underlying sales in its main British market, it reported on Monday, showing its recovery plan following a shock profit warning in January is taking time to gain traction. read more
Asda to buy sourcing division of Turkish supplier

Asda to buy sourcing division of Turkish supplier

07/03/2012 - 08:44
Supermarket chain Asda has exchanged contracts on a deal which will see it take control of the sourcing division of one of its largest suppliers GAAT, it was announced today. read more