Supermarkets

Asda sales slump even further than its rivals – worst decline in two decades

All of Britain’s four biggest supermarkets – Tesco, Asda, Sainsbury’s and Morrisons – have suffered sales declines in the last quarter, industry data from Kantar showed earlier this month, with Asda the worst performer. Its figure is the worst since Asda began recording comparable sales in 2006 and it is thought that there has not… [Continue Reading]

Dairy farming: No milk of human kindness left

A modest spread beside the velvety banks of the Severn estuary in Gloucestershire, Tump Farm has changed little during the four generations that Andrew Guest’s family have been running it. The cows are contented, the farmer loves his work and around the place, with its weather-battered barns and veteran tractor, hangs a reassuringly old-fashioned sense… [Continue Reading]

Tesco suspends fifth executive over accounting scandal

Tesco has suspended a fifth executive following the discovery of a £250m black hole in its accounts. Britain’s biggest supermarket has asked Kevin Grace, the group commercial director, to step aside while an investigation is carried out into the profit shortfall. Mr Grace sits on Tesco’s executive committee alongside Chris Bush, the UK managing director,… [Continue Reading]

Asda put prices up on 100 products so they could slash them to just 50p in New Year price war

Britain’s second biggest supermarket put up prices on more than 100 products before cutting them to 50p in a New Year price war. Asda launched the promotion to grab customers from mainstream rivals and boasted its prices would be even cheaper than pound shops and Aldi. However, independent research has discovered that the prices of… [Continue Reading]

Tesco Fined £300,000 After Misleading Strawberries Offer

Tesco has been fined £300,000 for advertising misleading half-price offers on punnets of strawberries. The supermarket giant was ordered to pay the fine at Birmingham Crown Court after admitting to misleading customers in 2011 by advertising half-price British strawberries for a longer period than when they were sold at a higher amount. Tesco admitted breaking… [Continue Reading]

Supermarket copycats: the products made to look like best-sellers to fool shoppers

Stores have been accused of fooling shoppers by selling copycat versions of big-brand favourites to boost profits. Several products, from breakfast cereals to biscuits and beauty creams, bearing an uncanny resemblance to famous names, have been identified. The tactic has been condemned by consumer champion Which?. It found packs with similar names, shapes, colours and… [Continue Reading]

Veterinary drug bute found in Asda corned beef

Supermarket withdraws 340g tins of Smart Price Corned Beef after discovery of phenylbutazone Supermarket chain Asda said on Tuesday (09/04/2013)  that it was recalling its range of budget corned beef after low levels of the veterinary pain killer phenylbutazone – known as bute – were detected. The Food Standards Agency said the retailer had confirmed… [Continue Reading]