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Tesco lowers pricesUK: Tesco cuts price on staples, online charges

22 April 2014

Tesco has implemented a series of price cuts on staple products in the UK while simultaneously lowering the cost of ordering groceries online.

UPDATE: UK: Co-op to sell 60% of Somerfield estate in convenience drive

17 April 2014

The Co-operative Group will sell around 60% of the space it acquired as part of the 2009 acquisition of Somerfield as the embattled UK grocer increases its focus on its core convenience estate.

Interview: Keys to brand's success on Twitter #engagement #relevance #realtime

17 April 2014

With over 200m regular users worldwide tweeting more than 500m times each day, the potential on offer for brands to reach consumers via microblogging site Twitter is self-evident. To succeed on Twitter, brands need to become a relevant, informative and amusing part of an evolving two-way conversation. Katy Askew spoke to Twitter UK sales director Dara Nasr about how food manufacturers and retailers can insert themselves into the dialogue.

Quote, unquote: just-food's week in words

17 April 2014

Tesco's full-year results proved disappointing, as expected, and CEO Bill Stritz has said online retailing has played a huge part. Elsewhere first quarter results were out and Co-op saw heavy losses. It has now decided to get rid of some of the Somerfield stores and focus on its convenience offering. There were developments on the Michael Foods acquisition with Post Holdings announcing it had taken over the firm in a US$2.45bn deal. Other acquisitions this week included Daelman's purchase of UK firm Fabulous Bakin' Boys and PE firm Abraaj's acquisition of North African confectioner Kool Foods.

Editor's choice: the highlights on just-food this week

17 April 2014

Tesco was in the spotlight this week after the publication of its annual results confirmed what a challenging year the UK's largest retailer endured. Another UK grocer under scrutiny is The Co-operative Group, which reported banking-induced losses, but revealed it is re-sizing its food retail estate to give it more focus. Elsewhere, China's WH Group, of which Smithfield Foods is now a part, announced plans to list in Hong Kong and US group Post Holdings made another M&A move, with a deal to buy egg-to-dairy supplier Michael Foods.

UK: Tesco FY profit slides on lower sales, margins

16 April 2014

Tesco booked a near 7% drop in underlying pre-tax profit in fiscal 2013/14, a year that saw margin dented by investments in creating a "compelling offer for consumers" in a bid to stem the firm's sales decline.

On the money: Tesco admits online cannibalising stores

16 April 2014

Tesco CEO Philip Clarke has conceded the growth of online grocery retailing in the UK has had a negative impact on the performance of its physical stores.

What the analysts say: Has Tesco hit rock bottom?

16 April 2014

Tesco reported a disappointing set of full-year numbers with both sales and profits falling this morning (14 April). The UK retail behemoth has faced declining consumer spending and a battle to make its big-box stores relevant. But has the company hit the bottom of its downward curve and will the group's 2014 performance improve? Here is what the City had to say about Tesco's performance.

Comment: Tesco under rare level of scrutiny

14 April 2014

On Wednesday, Tesco reports its latest set of annual results - and rarely has a major retailer be under so much scrutiny.

Editor's viewpoint: Tesco's food-to-go push looks foolhardy

11 April 2014

Tesco is reportedly looking at rolling out a food-to-go concept in London in its latest bid to try to find some growth in its domestic market. But, if the move happens, is it really wise to enter such a competitive space?

INDIA: BJP plans to ban foreign supermarkets entering retail sector

7 April 2014

Indian political party Bharatiya Janata Party (BJP), which is expected to lead the country's next government, has said it plans to ban foreign supermarkets from entering its retail sector.

Editor's choice: the highlights on just-food last week

7 April 2014

Unilever's business in South Africa was in the spotlight this week after it emerged its offices were raided as part of a probe into collusion. Elsewhere, there were two notable M&A deals in dairy, with Arla Foods looking to merge with Belgium-based EGM Walhorn and Lactalis's Parmalat bolstering its business in Australia with the acquisition of Harvey Fresh.

Quote, unquote: just-food's week in words

7 April 2014

This week, Tesco CFO Laurie McIlwee ended weeks of speculation over his future after handing in his resignation. Elsewhere, Kellogg was one of the three manufacturers linked to the rumoured sale of Dorset Cereals and Arla announced a proposed merger with EGM Walhorn.

UK: Tesco CFO McIlwee resigns

4 April 2014

Tesco CFO Laurie McIlwee has decided to leave the UK retailer, it was announced this afternoon (4 April).

Interview: Sainsbury's "redefining" convenient shopping

1 April 2014

The development of digital platforms has transformed how retailers interact with consumers in the UK. To Sainsbury's, the interaction between physical and digital platforms is key to delivering a full consumer experience. This requires a portfolio that spans the spectrum of formats, Kevin Barrett Sainsbury's director of space and formats, tells just-food.

BRICs and beyond: Logistics remains key challenge to Indian expansion

1 April 2014

Getting products on shelves is a significant challenge for food manufacturers and retailers in India, where an under-developed supply chain hampers such efforts. International food groups and logistics companies are working to overcome the lack of infrastructure and, for companies who can offer solutions, a significant commercial opportunity exists. Raghavendra Verma reports.

Quote, unquote: just-food's week in words

31 March 2014

This week Cerebos Greggs announced the closure of its East Tamaki plant putting 125 jobs at risk. Job cuts were announced at Asda too as the company plans a restructure to cut costs. Ads and marketing campaigns were the centre of attention this week with Aldi getting its wrists slapped over the Swap and Save campaign and Sainsbury winning an appeal for a judicial review of Tesco's price promise. Here is the week in quotes

Comment: Aldi ad spat shows discounters under rivals' scrutiny

26 March 2014

The UK ad watchdog's order for Aldi to pull a TV advert demonstrates how the discounter will need to be precise in its competitive claims - and how the German giant is being more closely monitored than ever before by the country's rattled major grocers.

UK: Tesco firm as Sainsbury's price battle heads for judicial review

24 March 2014

Tesco has said it will "robustly defend" its Price Promise price comparison scheme after rival Sainsbury's was given approval to push ahead with a judicial review.

INDIA: Tesco to invest GBP85m in Tata JV

21 March 2014

UK retailer Tesco has confirmed that it will invest GBP85m (US$132m) to establish a multi-brand retail joint venture with Trent Ltd, part of the Tata Group, in India.

CAGE 2014: Kerry eyes consumer foods growth through snacking

20 March 2014

Kerry Group CEO Stan McCarthy has indicated the Ireland-based food group believes increasing demand for snacking presents an opportunity to grow the company's consumer foods business.

CHINA: China Resources Enterprise profits hit by food, retail arms

20 March 2014

China Resources Enterprise Ltd has booked a steep drop in 2013 profits, which fell by 52% on weaker contributions from its retail and food manufacturing businesses.

UK: Sainsbury's posts Q4 LFL sales drop

18 March 2014

Sainsbury's booked its first drop in like-for-like sales in nine years this morning (18 March), when the UK retailer revealed fourth-quarter comparable revenues fell 3.8%.

What the analysts say: Does Sainsbury's LFL sales drop hint at future woe?

18 March 2014

UK grocer Sainsbury's broke its nine-year streak of like-for-like sales growth this morning (18 March), when the firm acknowledged that market conditions and tough comparables hit revenue expansion in its fourth quarter. In contrast to the other multiples, Sainsbury's does not appear to be loosing share in the UK to discounters Aldi and Lidl. But, as price competition in the market intensifies, could Sainsbury's proposition too come under increasing pressure? Here is the City's verdict.

IRELAND: Aldi, Lidl "forge ahead" - Kantar

18 March 2014

Discounters Aldi and Lidl are continuing their march in the Irish grocery sector, delivering double-digit growth in a declining market.

UK: Tesco pulls Creamfield milk after slashing own-brand prices

17 March 2014

Budget UK dairy brand Creamfields has seen its milk pulled from Tesco shelves in the UK following the retailer's decision to cut the price of its own-brand milk.

On the money: We can fight on price, insists Morrisons

14 March 2014

Morrisons has set out its bid to win back consumers and reignite sales - and the UK's fourth-largest grocer has insisted it could hold its own in an increasingly price-focused market.

UK: Morrisons ups price investment to fight discounters

13 March 2014

UK grocer Morrisons plans to increase its investment in pricing in order to "strengthen" its competitive proposition.

UK: Tesco looks to build trust through ethical trade

13 March 2014

Efforts to source products ethically are central to UK retailer Tesco's ability to build consumer trust, ethical trade director Giles Bolton insisted yesterday (13 March).

What the analysts say: The verdict on Morrisons' strategic overhaul

13 March 2014

Morrisons reported a full-year loss of GBP176m (US$293.6m) and further deterioration of like-for-like sales today (13 March). Management this morning set out a new strategic course for the group, which includes a GBP1bn price investment over the next three years. While next year's profits are expected to drop, the company believes the investment can be funded through a cost-saving drive in the medium-term. However, with concern over margins and competitive pressures, opinion remains divided over the prospects for the beleaguered grocer.

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