There's better value at Safeway
Article Abstract:
Safeway has increased volume sales despite intense price competition among UK supermarkets. Volume growth allows the company to offer low prices. Safeway's Shop and Go system permits customers to avoid queues by using scanners. Safeway's ABC loyalty card gives detailed information on customer preferences, helping with targeted promotions. Safeway is co-operating with Abbey National to introduce a debit card. The company has also launched a share buy-back scheme and is the only major UK food retailer to do so.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1996
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Asda
Article Abstract:
Asda is a UK supermarket retailer which has seen high sales growth but also faces competition. The company is still behind major rivals such as Sainsbury and Tesco and is launching new marketing ideas which are also being used by rivals. The company's image should be improved by ideas such as redemption of competitors' vouchers, but sales will be less affected. The company's profit is forecast at 290 million pounds sterling for 1995 to 1996 by SBC Warburg, after an upgrade from 275 million pounds.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1995
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Carrefour
Article Abstract:
Carrefour ranks first among French retailers and also has a majority holding in Pryca which ranks first among supermarket groups in Spain. Carrefour is expanding its overseas activities. Carrefour has sold a stake in PriceCostco in the US and the capital gains from this sale have boosted earnings for 1st half 1996. Carrefour is opening some 30 stores annually. Supermarkets are increasing their share of food sales in the French market but are faced with constraints on expansion fron planning laws.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1996
User Contributions:
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