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Teco has invested in ranges to try to entice consumersWhat 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.

UK: Ocado sales growth fails to convince analysts

12 March 2014

UK online specialist Ocado today (12 March) reported a jump in first-quarter sales but the result failed to convince the City and its shares tumbled.

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

10 March 2014

Sugar again grabbed the headlines after the World Health Organization revised its guidance on how much of the ingredient to consume. Elsewhere, a US retailer with over 2,400 stores could be created after Albertsons owner and private-equity firm Cerberus Capital Management struck a deal that looks set to see it buy Safeway.

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

10 March 2014

This week Unilever was gain rumoured to be looking to sell a food brand - this time Ragu pasta sauces. UK group Premier Foods announced a new refinancing package, while in the US, a mega-merger in the retail sector is on the cards, after Albertsons owner and private-equity firm Cerberus Capital Management struck a deal to buy Safeway.

On the money: Bullish Waitrose ready for battle

7 March 2014

Upmarket UK grocer Waitrose has enjoyed another strong 12 months. Waitrose's reputation for quality has resonated in a polarised market, while the retailer has kept its eye on price with schemes such as brand match scheme targeting Tesco. Waitrose expects another solid year as the economy improves and is prepared to roll up its sleeves should Tesco sharpen its pricing pencil. Dean Best reports.

MIDDLE EAST: Waitrose eyes "20-25" UAE store target

7 March 2014

Waitrose MD Mark Price has said the upmarket UK grocer still has ambitions to grow its business in the Middle East despite the recent closure of outlets in Bahrain.

UPDATE: UK: Waitrose plans Little Waitrose c-store push

6 March 2014

Waitrose MD Mark Price today (6 March) told just-food the upmarket UK grocer is set to accelerate the expansion of its network of Little Waitrose convenience stores.

UK: FY sales, profits up at Waitrose

6 March 2014

Upmarket UK grocer Waitrose today (6 March) reported a rise in annual sales and profits and a further increase in its share of the country's food retail market.

UK: Tesco slammed for 'breaking sustainable tuna promise'

3 March 2014

Greenpeace has lashed out at Tesco alleging it has reneged on promises it would only stock sustainable tuna.

UK: Tesco to "accelerate" UK turnaround

25 February 2014

Tesco will "accelerate" efforts to turn around its UK business, the company said today (25 February).

On the money: Ocado still looking at more tie-ups in medium term

4 February 2014

Ocado chief executive Tim Steiner has said the UK online retailer is still looking to further develop licencing deals with larger retailers, although he emphasised there are no "imminent announcements" on any pending agreements.

Timeline - King's reign at Sainsbury's

29 January 2014

Justin King is to step down as CEO of Sainsbury's after a decade in charge of the UK grocer. King has revitalised Sainsbury's, taking a business with stock issues to one that has consistently outperformed its rivals in recent years. Here's a look at the key events of King's reign.

INDIA: Private label "poised for growth in India"

28 January 2014

Retailers that provide distinctive value-for-money products will benefit from significant opportunities to grow private label sales in India, a panel of industry experts told the seventh annual Food & Grocery Forum India.

UK: Waitrose to create 2,000 jobs with 26 new stores

24 January 2014

Waitrose has announced it is to create 2,000 new jobs in 2014 through the opening of 26 shops in the UK.

UK: Asda, Sainsbury's neck and neck in UK - Kantar

14 January 2014

Sainsbury's share of the UK's grocery market now matches Asda, the country's second-largest retailer, according to the latest data from Kantar Worldpanel.

What the analysts say: Morrisons stuns City with tumbling sales

9 January 2014

Morrisons' unscheduled Christmas trading update surprised the City this morning in more ways than one. Like-for-like sales fell almost 6%, under-performing its rivals by some distance. The decline was evidence the impact the growth of discounters Aldi and Lidl is having the UK's fourth-largest grocer.

What the analysts say: Tesco again faces questions in City

9 January 2014

Tesco this morning (9 January) revealed a disappointing drop in like-for-like sales over Christmas and New Year. The retailer attributed the decline in sales to "further weakness in the UK grocery market" and having a "tougher comparative" versus last year. The results had a negative impact on share recommendations, although some analysts highlighted areas for optimism, including Tesco's work online.

UK: Waitrose sales up 4.1% in "most successful Christmas"

8 January 2014

Waitrose announced the results of what it called the "most successful Christmas on record" with like-for-like sales up 4.1% across the 12-day festive trading period.

just-food's review of 2013: discounters, multichannel key themes in grocery

6 January 2014

It can be difficult to identify common trends across markets but, in many ways, two key trends dominated the grocery retail sector in 2013 in a number of countries - the durability of discounters and the heightened interest and investment in developing multichannel retail businesses.

EXCLUSIVE: UK/INDIA: India customs delays "utter nonsense" - UK Food Secretary

13 December 2013

A move from Indian customs officials to hold containers of food being imported into the country at the docks is "utter nonsense", according to UK Food Secretary Owen Paterson.

Best bits: Little sign of challenges easing for Tesco

9 December 2013

This coming March, Philip Clarke will have been Tesco CEO for three years. It has been a challenging period and, at least in the short term, there is unlikely to be any let up.

UK: Government hails unit pricing initiative

5 December 2013

The UK government has announced that ten of the country's largest supermarkets have signed up to a pricing initiative that will see unit pricing added to labels.

Talking shop: Tesco faces "difficult decisions" at home and abroad

4 December 2013

Tesco clearly has a lot on its plate. On the one hand, the UK's largest retailer is focused on transforming its domestic business through a capital intensive programme of store refurbishments and a potentially margin-dilutive drive online. On the other, the need to reverse overseas volume declines in order to shore-up international margins is pressing. CEO Philip Clarke is attempting to perform a complex balancing act. Katy Askew reports.

What the analysts say: Tesco's weak performance leaves market divided

4 December 2013

The disappointing third-quarter top-line performance reported this morning (4 December) by Tesco has left analysts divided over the group's strategy. Tesco has cut capital expenditure on new stores and is instead investing in refurbishments and multichannel growth. Management has insisted the strategy will simply take time to deliver results. But, with the clock ticking, another set of weak numbers has raised questions over whether Tesco's investment focus will pay off. Here is the view from the City.

BAHRAIN: Waitrose to exit Bahrain

12 November 2013

Upmarket UK retailer Waitrose has confirmed plans to exit Bahrain just three years after opening its first store in the country.

Interview: Tulip's evolution from a "meat" to a "food" company

6 November 2013

Tulip, the UK arm of pork giant Danish Crown, is most associated closely with its bacon products. However, over the past three years the group has evolved into a more broad-based food company. Jonathan Barbet, commercial manager at Tulip UK, talks to just-food about this development, the benefits that it brings and where Tulip sees future growth.

Consuming issues: Give Tesco some credit on waste

24 October 2013

While there has been plenty of condemnation for Tesco on its announcement on waste, it deserves praise first for its candour, writes Ben Cooper.

UK: Waitrose looks to triple sales in ten years

21 October 2013

Upmarket retailer Waitrose has confirmed it is targeting GBP15bn (US$24.2bn) of sales in ten years as it looks to build its presence in the UK.

UK: Bakkavor salad, veg arm Wingland Foods to expand

14 October 2013

Bakkavor has said its UK salad and prepare vegetables arm Wingland Foods is to expand production, creating up to 200 jobs.

Talking shop: Tesco stresses finer points of difference

10 October 2013

Tesco relaunched its premium own-label range, finest, this week as part of the extensive revamp of its UK business. Ben Cooper reports.







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