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  • Retail Industry Awards 2014 – winners announced

    Retail Industry Awards 2014 – winners announced

    Sainsbury’s scooped five awards at last night’s Retail Industry Awards 2014, held at London’s five-star Grosvenor House hotel on Park Lane. Sainsbury’s won the Convenience Retailer of the Year title, along with awards for Seafood Retailer of the Year, Training Initiative of the Year, Store Manager of the Year and Drinks Retailer of the Year (multiple). The [...]

    📅October 1, 2014

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  • Sainsbury’s reports Q2 sales fall

    Sainsbury’s reports Q2 sales fall

    Sales at Sainsbury's fell for the third consecutive quarter, with the retailer reporting a 2.8% decline in like-for-like sales (ex fuel) for the 16 weeks to 27 September 2014. The company, which recently announced that it would be cutting prices across thousands of lines, said its performance had been impacted by "the accelerated pace of change [...]

    📅October 1, 2014

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  • New National Minimum Wage rates come into force

    New National Minimum Wage rates come into force

    New National Minimum Wage (NMW) rates come into force from today (1 October), with the NMW rate rising to £6.50 per hour, the first real terms cash increase since 2008. The increase follows recommendations from the Low Pay Commission (LPC) in March this year and the call for faster, affordable rate rises by Business Secretary Vince [...]

    📅October 1, 2014

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  • Sainsbury’s Q2 sales decline – analyst reactions

    Sainsbury’s Q2 sales decline – analyst reactions

    Retail analysts have been responding to the news that sales at Sainsbury's have fallen for the third consecutive quarter, with the retailer reporting a 2.8% decline in like-for-like sales (ex fuel) for the 16 weeks to 27 September 2014. Bryan Roberts, retail insights director - EMEA at Kantar Retail, said: "While containing few surprises, this trading [...]

    📅October 1, 2014

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  • Financial regulator to investigate Tesco following accounting errors

    Financial regulator to investigate Tesco following accounting errors

    The Financial Conduct Authority (FCA) has notified Tesco that it has commenced a full investigation following the retailer's admission last month that profits were overstated by £250m. In a statement, the retailer, which has already launched an investigation into the issue, said it will continue to co-operate fully with the FCA and other relevant authorities. The Tesco [...]

    📅October 1, 2014

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  • September Consumer Confidence Index falls two points

    September Consumer Confidence Index falls two points

    GfK’s Consumer Confidence Index decreased by two points in September to -1, with four of the five measures used to calculate the Index Score seeing a fall. Nick Moon, managing director of social research at GfK said: “Last month, I speculated that we may be in a new period of stasis for the index, and this [...]

    📅September 30, 2014

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