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TEA BREAK
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How clever is your right foot? And don't believe all you are promised.
[FULL STORY]
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Food&Drink Towers' Credit Crunch Survey
food&drink towers would like to find out how the credit crunch is affecting you - the food&drink industry. We'd really appreciate it if you could spare a few minutes to answerfive questions. In return, we'd like to enter you into a prize draw to win one month's free advertising on the homepage of the website (valued at £80).
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ARCHIVE
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Issue2
January 14, 2009
Vol. 2
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Issue 1
January 7, 2009
Vol. 2
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Issue 71
December 17, 2008
Vol. 1
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Issue 70
December 10, 2008
Vol. 1
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Issue 69
December 3, 2008
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Issue 68
November 26, 2008
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Issue 67
November 19, 2008
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Issue 66
November 12, 2008
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Issue 65
November 5, 2008
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Issue 64
October 29, 2008
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Issue 63
October 22, 2008
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Issue 62
October 15, 2008
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Issue 61
October 8, 2008
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Issue 60
October 1, 2008
Vol. 1
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Issue 59
September 23, 2008
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Issue 58
September 17, 2008
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Issue 57
September 10, 2008
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Issue56
September 3, 2008
Vol. 1
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Issue 55
August 27, 2008
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Issue 54
August 20, 2008
Vol. 1
Issue 28
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Issue 53
August 13, 2008
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Issue 52
August 6, 2008
Vol. 1
Issue 26
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Issue 51
July 30, 2008
Vol. 1
Issue 25
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Issue 50
July 23, 2008
Vol. 1
Issue 24
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Issue 49
July 16, 2008
Vol. 1
Issue 23
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Issue 48
July 9, 2008
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Issue 47
June 27, 2008
Vol. 1
Issue 21
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Issue 46
June 25, 2008
Vol. 1
Issue 24
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Issue 45
June 18, 2008
Vol. 1
Issue 23
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Issue 44
June 11, 2008
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Issue 43
June 4, 2008
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Issue 42
May 28, 2008
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Issue 41
May 21, 2008
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Issue 40
May 14, 2008
Vol. 1
Issue 40
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Issue 39
May 7, 2008
Vol. 1
Issue 39
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Issue 38
April 29, 2008
Vol. 1
Issue 38
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Issue 37
April 23, 2008
Vol. 1
Issue 37
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Supermarket News... Sainsbury's Acquires Morecambe Stadium
Sainsbury's & Morecambe Football Club, Booths, Spar, Tesco, The Co-operative Group, Morrisons, Sainsbury's, Asda, ALDI
Christie Park, the current home of Morecambe Football Club (MFC), is to be sold to supermarket company Sainsbury's in a deal that will enable work to begin on the club's new 6,800-capacity stadium. Sainsbury's is now expected to apply for planning permission to Lancaster City Council (LCC) to develop a new superstore at Christie Park, while MFC prepares to move a 5.3-hectare (13-acre) site at Westgate, which will also include an outdoor multi-sports facility.
Spar has bought 11 former Somerfield stores, following the Co-operative Group's acquisition.The retailer will convert the stores to its Eurospar format. The shops range from 5,000 sq ft to 10,000 sq ft, and Eurospar differs to Spar in that basket spend is higher to accommodate a bigger family weekly shop alongside a traditional convenience store
Upmarket northern supermarket chain Booths has taken a leaf out of Tesco’s book by launching a range of tertiary discount products. The ‘discounts brands’ range includes more than 170 lines, from Enliven shampoo to Bokomo cereal, and stretches across all grocery categories including rice, biscuits, hairspray, soap, coffee and whisky. In health and beauty, prices for handwash, mouthwash, shower gel and shampoo start at 98p, while in household cleaning and soft drinks, prices start at 49p. “Booths isn’t just about blue-rinse ladies driving Jaguars,” said chairman Edwin Booth. “We have a lot of customers who love food and drink but are on a tight budget. This will help us retain customers.”
Tesco chief executive Sir Terry Leahy has argued that the government should ease regulatory burdens on retailers to offer them help during the recession. Leahy said that extra trade tariffs and red tape should not be imposed on businesses and called for further cuts in interest rates, along with easier credit conditions.
Waitrose and Tesco are among a host of retailers that have snapped up stores from the Co-operative Group following its £1.57bn acquisition of Somerfield. Waitrose has bought 13 stores, Tesco has bought seven and Musgrave Group and Spar have snapped up six apiece. Morrisons announced last month that it had bought 34 stores, while a further 24 outlets were sold to various buyers in December. On Friday the Office of Fair Trading said the Somerfield takeover, which was agreed in July last year, would not be referred to the Competition Commission because the Co-op Group had accepted undertakings to address local competition issues.
Morrisons is set to post sales growth of at least 8% this Thursday, according to analysts. Experts have predicted the company's level of growth has been maintained thanks to strong advertising campaigns featuring Richard Hammond and Denise Van Outen.
Sainsbury's is going to stop selling eggs from battery hens in early February, becoming the first major supermarket to ban them. Eggs only from uncaged birds will be stocked in the chain's stores from 5 February, even though a European Union ban on battery eggs is not enforced until 2012. Half a million hens will now not be placed in battery cages, Sainsbury's said.
Advertising regulators have rapped UK supermarket group Asda over an advert comparing product prices with rival Morrisons. The press and television adverts involved a product price comparison with rival Morrisons, which complained to the Advertising Standards Authority (ASA) claiming the adverts were misleading. The adverts said 2,955 branded products at Asda were cheaper than at Morrisons and the prices had been checked independently by sources including mySupermarket.co.uk.
ALDI plans aggressive expansion in the U.S., opening at least 75 stores this year. The company will change its formula slightly, including adding more produce. more on this story
[PRINTER FRIENDLY VERSION]
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