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M&S profits drop for first time in three years

The retailer's like-for-like sales in the UK increased by 0.3% for the year ending 31 March after 2.1% growth in food and a 1.8% dip in general merchandise. Overall revenues were up 2% to 9.9bn but profits declined. Profits before tax were down to 658.0m, compared to 780.6m in the previous ...

Industry view: Does M&S's new value food range hit the spot?

By Matthew Chapman, 14 May 12, 01:00

of existing prices lowered. Packaging will be largely transparent to show off the food with the remaining ... role as a premium food retailer with a growth in shoppers using Simply Foods as their main grocer ... , excellence and inspiration in products. Given their shopper base and food hall dynamics I am sure M S can ...

Tesco escalates voucher war with Clubcard exchange campaign

By Matthew Chapman, 14 May 12, 08:57

The month-long Clubcard Exchange promotion launches today (14 May) and will allow customers to change 5 of Clubcard vouchers into a 10 exchange token, which can be spent on a range of non-grocery products including clothes, furniture, toys and electrical goods. A television and radio campaign ...

Ocado's Jason Gissing on Bullingdon Club, Jeff Bezos and being 'shot at'

By Matt Chapman, 11 May 12, 01:00

,' he says. Food retailing of the future Hobnobbing with Google execs seems appropriate given how ... of food retailing,' argues Gissing. His pronouncement is backed by the latest figures from the Institute of Grocery Distribution, which show that the online market was worth 5.9bn in 2011 ...

Trinity Leeds kicks off online hype ahead of 2013 opening

By Matthew Chapman, 10 May 12, 08:44

fashion and food." With a year to go before its opening, the shopping complex already has 60% of units ...

Sainsbury's chief praises marketing as annual revenue hits £22.3bn

By Matthew Chapman, 09 May 12, 11:15

's' range with 3,700 products new or revamped. Non-food is growing faster than food while increasing ... is beginning to scale back its non-food operations in-store. King said: "We don't agree that non-food or big stores have had their day, but we believe we have never made the mistake of putting non-food first ...

Waitrose matches Tesco prices as Morrisons' growth slows

By Daniel Farey-Jones, 03 May 12, 09:21

Waitrose has pledged to match Tesco's prices on all branded grocery products excluding promotions

M&S creates two senior marketing roles to boost fashion

By Matthew Chapman, 02 May 12, 08:22

merchandise, compared to three heads of brands for food. The search for additional heads of brands comes ... 's food offering continues to grow with sales increasing by 1.0% during the same period. In February ... in the role. Her responsibilities being taken on by food brand director Rob Weston. Steve Sharp, executive ...

Unilever tops 2012 Marketing Society Awards nominations

By Kim Benjamin, 01 May 12, 02:45

Rowntree s Randoms (Nestle) JWT Brand extension Cadbury Creme Egg Kraft Foods Foster ... ) Coley Porter Bell Kenco Millicano (Kraft Foods) JWT Brand revitalisation British ...

River wins brief to publish Co-op event magazine

By Nick Batten, 01 May 12, 10:34

, including food, farms, electrical, pharmacy, banking, legal services and funeral care, to provide ... and The Southern Co-operative Annual Review. River also publishes the Co-operative Food magazine, which ...