NEWS ShopTalk T
esco has reported a 0.3% rise in like-for-like sales for the 13 weeks to 28 May this year – its second consecutive quarter of growth. For the first quarter of 2016- 17 group like-for-like sales grew by 0.9%, while international sales were up by 3.0%.
The retailer has recently sold the Dobbies Garden Centres, Giraffe restaurants and Harris+Hoole coffee shops chains.
Chief executive Dave Lewis said: “We have delivered a second quarter of positive like-for-like sales growth across all parts of the Group in what remains a challenging market with sustained deflation.”
are rebuilding profitability in a sustainable way.”
Sainsbury’s has reported a 0.3% increase in total retail sales (excluding fuel) in its first quarter trading statement for the 12 weeks to 4 June.
However, like-for-like retail sales were down by 0.8% (excluding fuel). Chief executive Mike Coupe said: “We have made a solid start to the year with like-for-like transaction growth across all our channels and total volume growth. Market conditions remain challenging. Food price deflation continues to impact our sales and pressures on pricing mean the market will remain competitive for the foreseeable future.”
He continued: “We are encouraged by the progress we are making. By growing volumes, transforming the way we work together with our suppliers, and further optimising our store operating model we
Iceland Foods swept the board at the British Frozen Food Federation (BFFF) Annual Awards on 9th June. The retailer took home 13 of the 18 awards handed out, including the star prize of Retail Product of the Year. The frozen food specialist beat off stiff competition from rival Aldi to take home awards in all categories, including Gold Awards in the Best
New Poultry, Best Meat and Best Pizza, Savouries & Savoury Bread categories.
According to its results for the 52 weeks ending 26 March 2016, Iceland Foods’ holding company Iceland Topco, saw a 0.8% fall in turnover to £2,674.7m, compared with £2,696.6m in 2015. Meanwhile, like-for-like sales were down by 2.7%
The company’s chairman and chief executive, Malcolm Walker CBE, said: “We have achieved good progress with a range of strategic initiatives designed to differentiate our business, and stabilise our financial performance, in what remains an extremely challenging UK market place.”
Amazon has launched its AmazonFresh fresh food delivery service to Prime members in 69
Central and East London post codes. Members can order their full weekly grocery shop from a range of over 130,000 products, including fresh produce, dairy and bakery items. Customers can choose one-hour delivery slots from 7am to 11pm, seven days a week, with same-day delivery available from 5pm for orders placed by 1pm.
Ocado saw its pre-tax profits increase to £8.5m, up from £7.2m for the same period a year earlier, according to its half year results for the 24 weeks ending 15 May this year. Gross sales rose by 13.9% to £582.9m.
Chief executive officer Tim Steiner said: “I am encouraged by the steady progress in our business, with volumes through our operations, including the throughput for Morrisons, growing by 30%. The market remains competitive with ongoing price deflation but our increasing scale and operational efficiencies meant that we still grew profits, albeit at a slower rate.” “We have been gaining share in the online grocery market and expect this to continue,” he added.
SBS
6 August 2016
www.acr-news.com
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