Tesco's continuing difficulties in the UK forced the retailer to stun the City with something of a profit warning. As Chris Brook-Carter writes, the company needs to look beyond price to regain the ground lost...
Tesco's trading update - which included another fall in UK sales - and a forecast for weak profit growth in its next financial year sent shockwaves through the City and the wider UK economy. Here, leading analysts run the rule over Tesco.
Tesco CEO Philip Clarke has said the UK retailer will focus more on products and on service to revitalise the company's poor underlying domestic sales.
Asda, unlike Tesco and Sainsbury's, increased its number of promotions in December, according to data from just-food's Promo Tracker.
Shares in Tesco fell by more than 15% this morning (12 January) after the retailer reported another fall in UK sales and warned profits would not grow as fast as expected in its current financial year and in the next 12 months.
Sainsbury's chief executive Justin King has predicted that food sales volumes will fall again in the UK in 2012 despite signs that commodity costs could be easing. Commodity prices remain…
Sainsbury's said today (11 January) that its "best Christmas ever" had helped underlying sales climb over 2% in what the UK retailer described as a "strong" third quarter. The company…
Marks and Spencer has enjoyed a sales jump in its third-quarter but some market observers fear a post-Christmas hangover. For the three-month period to the end of December, the UK…
Marks and Spencer's food business has driven an increase in quarterly sales at the UK retailer. In the 13 weeks to the end of December, the company increased group sales…
Senior Morrisons executives have expressed caution about the prospects for UK food retailers in 2012. The UK's fourth-largest grocer today (9 January) reported its sales results for the final weeks…
Morrisons, the UK's number four grocer, kicked off a week in which the country's largest food retailers will report on their Christmas performance with slowing sales growth. And the company's…
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