Newspaper retail round up

A round up of the retail news in this week’s papers, featuring Marks and Spencer, Asco, Nisa Today’s, comparision sites, pound stores and luxury retailers

Pound stores filling the gap left by Woolworths
More than a third of former Woolworths stores have been replaced by discount retailers such as B&M Bargains, 99p stores and Poundland according to commercial real estate services company CB Richard Ellis. Almost 60% of the retailer’s former properties are already let or under offer.

Sainsbury’s takes on 20,000 Christmas staff
Sainsbury’s is looking for up to 20,000 temporary staff over the Christmas period, the largest number the supermarket chain has ever taken on. Last year the chain took on 12,000 temporary staff over the festive season. The supermarket plans to keep 1,000 of these on as permanent staff.

Sales of make-up holding up
Sales of make-up brands have continued to grow despite the recession. The Lipstick Index is staying true, as shoppers have decided not to sacrifice beauty purchases.

From The Guardian

Marks and Spencer opens Food to Go in Honk Kong
Marks & Spencer has opened its first Food to Go outlets outside of the UK, as part of a three-store trial in Hong Kong. It will sell 42 locally sourced chilled food lines, and may be rolled out nationally.

New supermarket chain ‘Asco’ to rival Tesco and Asda
A new supermarket chain, aiming to offer a “real alternative” to Tesco and Asda is opening its first store in October. Called Asco it will have a blue fascia with white lettering, and opens in a former Woolworths site in Warrington.

Nisa Today’s rejects second Bibby offer
Convenience store group, Nisa-Today’s, has rejected a second takeover bid by distribution company Bibby Line because it was “a significant undervaluation of Nisa-Today’s, especially as the majority of any payment would be deferred and conditional on future performance”.

From The Sunday Telegraph

Comparison sites investigated by OFT
Comparison sites are under fire as the Office of Fair trading investigates allegations of dubious advertising and confusing prices that can trick people into believing that such sites offer the cheapest prices. If found guilty, sites could be forced to change the way they operate and switch to a less profitable, more consumer-friendly system.

From The Observer

Luxury retailers hold secret sales
Luxury retailers in the US, including Saks and Tiffany, are holding secret sales for their most loyal customers. The ‘stealth sales are designed to boost sales without weakening the stores’ proposition with highly publicised sales and promotions.

From The Times

Latest from Marketing Week

Tesco, M&S, Just Eat: 5 things that mattered this week and why

m&s

M&S chief outlines digital-first strategy after profits plummet Marks & Spencer (M&S) is gearing up for a digital-first future, after its revealed on Wednesday (23 May) that profits had dropped a massive 62.1% to £66.8m compared to the previous year. A day earlier, the struggling retailer confirmed it will close more than 100 stores over […]

NOT REGISTERED? IT'S FREE, QUICK AND EASY!

Access Marketing Week’s wealth of insight, analysis and opinion that will help you do your job better.

Register and receive the best content from the only UK title 100% dedicated to serving marketers' needs.

We’ll ask you just a few questions about what you do and where you work. The more we know about our visitors, the better and more relevant content we can provide for them. And, yes, knowing our audience better helps us find commercial partners too. Don't worry, we won't share your information with other parties, unless you give us permission to do so.

Register now

THE BEST CONTENT

Our award winning editorial team (PPA Digital Brand of the Year) ask the big questions about the biggest issues on everything from strategy through to execution to help you navigate the fast moving modern marketing landscape.

THE BIGGEST ISSUES

From the opportunities and challenges of emerging technology to the need for greater effectiveness, from the challenge of measurement to building a marketing team fit for the future, we are your guide.

PERSONAL AND PROFESSIONAL DEVELOPMENT

Information, inspiration and advice from the marketing world and beyond that will help you develop as a marketer and as a leader.

Having problems?

Contact us on +44 (0)20 7292 3703 or email customerservices@marketingweek.com

If you are looking for our Jobs site, please click here