News Tag: supermarkets
November 23, 2009
WHSmith has abandoned talks with bookshop chain Borders, which is set to see Borders UK enter administration unless a sale is imminent.
Borders is understood to not have sufficient cash to see it through to Christmas as it has suffered amid increased competition from supermarkets and online retailers, such as Amazon.
As a result, the chain has been in talks with ...
WHSmith walks away from Borders deal
by Kay Murchie
August 27, 2009
Moneyfacts.co.uk has revealed that the price contest between supermarkets and banks is hotting up.
According to the comparison site, supermarket giants Tesco and Sainsbury's have both increased their savings account interest rates and also offer competitive rates on credit cards, loans and life assurance.
The Tesco savings account is one of the best performing with an interest rate of 3% on its ...
Tesco and Sainsbury’s increase rates for savers
by Kay Murchie
May 12, 2009
According to Defaqto’s latest assessment of the banking market, supermarkets are well placed to take on High Street banks by offering a range of banking services.
Defaqto’s report, titled “Retail Banking: Challenging Times”, has established that the reputation of supermarkets means they are in a strong position to compete with High Street banks.
The report’s author, David Black, comments: “Supermarkets ...
Supermarkets in a strong position to compete with banks
by Kay Murchie
March 26, 2009
According to the Office for National Statistics (ONS), UK retail sales continue to fall as consumers continue to cut back on spending amid the recession.
The official figures show that retail sales were far worse than expected by analysts after annual growth slowed to 0.4% in February, which represents the smallest increase for over 13 years.
The ...
UK retail sales fall as consumers continue to rein in spending
by Kay Murchie
