Asda
Retail
Asda predicts 2013 market turnaround
UK games retail can expect another 18 months of decline before things start growing again, says Asda.
The firm was talking following last month’s E3 conference, with games chief Andrew Thompson describing the games on show as ‘unbelievable.
’“The quality is...
Retail
Asda names McKenna as chief operating officer
Judith McKenna has been named chief operating officer of Asda, Britain’s second-biggest supermarket group by market share, succeeding former Tesco executive Simon King, who left after only six months in the post.Ms McKenna is Asda’s finance director and seasoned...
Retail
Retailers taking risks in quest for growth
Retailers have always been cyclical, hostage to swings in consumer spending. Now, many feel compelled to seek new growth avenues outside their sluggish main markets, taking a step into the unknown.The outlook for most U.S. and western European store...
Retail
Asda sales hit by rival discount store chains
New market share figures show supermarket group Asda on the back foot as the UK food market polarises with discount chains Aldi and Lidl and upmarket grocer Waitrose sprinting ahead of the pack.Asda was the biggest loser from the...
Retail
Morrisons to give own brand range biggest ever makeover
MORRISONS is to embark on a major relaunch of its multi-billion pound own label range and has poached Arla Foods’ top marketer to spearhead the campaign.Danny Micklethwaite has left Leeds-based dairy group Arla to take on the newly created...
Retail
Asda chief in shock stepdown
Simon King, the chief operating officer at Asda, has left the grocer after less than six months in the role, in a move that has sent shockwaves through the sector. The former Tesco executive joined the Walmart-owned grocer in...
Retail
Wal-Mart Cuts Costs, Joins Suppliers to Avoid Price Rises
Wal-Mart Stores Inc the world’s largest retailer, is cutting costs and working with suppliers to delay or avoid raising prices as commodity expenses increase, the head of the company’s international unit said. “We find creative ways to work around...
Retail
Trading ‘toughest in 30 years’ – Sainsbury’s boss
Sainsbury's had robust performances from its clothing and homewares ranges and convenience stores to thank for an improvement in its first-quarter sales, although these were lower than City forecasts. The UK's third-biggest grocer was boosted by the warm weather...
Retail
Tesco misses UK sales forecasts, overseas better
Tesco, the world's No.3 retailer, missed forecasts with a second consecutive quarterly fall in underlying sales in its main UK market, as rising prices and government cutbacks hit shoppers.The supermarket group said on Tuesday sales at British stores open...
Retail
Ex-Asda chief Leighton takes top job at Peacocks
Retail veteran Allan Leighton has added another high street name to his long CV by taking over as chairman of budget fashion retailer Peacocks.The former Asda chief executive, who has held non-executive positions at a string of British companies...
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The Luxottica report card for 2022
A look at how the world’s largest eyewear company fared in terms of revenue growth in key regions across...
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