UK: CAPITAL INVESTMENT BY SUPERMARKETS
Article Abstract:
A report from the Department of Trade and Industry's Innovations Unit has revealed that UK based supermarkets lead the world in capital investment spending. Tesco, Sainsbury and Safeway are all among the top ten food retail investors in the world, although the top investor is said to be Carrefour of France, which invested some GB[pound] 3bn during the 1998/99 financial year. The biggest UK investor was Tesco which increased its capital investments by 27% to GB[pound] 1.07bn, Sainsbury spent a total of some GB[pound] 772mn and Safeway increased its spending by 15% to GB[pound] 492mn.
Publication Name: Super Marketing
Subject: Business
ISSN: 0261-4251
Year: 1999
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UK: INLAND REVENUE DATA CARRIES LOYALTY RISK
Article Abstract:
News that supermarkets are providing the Inland Revenue with loyalty card data has led tax and relationship marketing experts to warn that the result may be a loss of customer trust. There are fears that some of the UK's 35mn loyalty card users may withdraw from schemes if they realise personal details may not be secure. Fraud inspectors may, under section 20 of the 1970 Taxes Management Act, order the disclosure of information if fraud is suspected. Sainsbury's has already supplied the Inland Revenue with information, and the practice seems likely to escalate.
Publication Name: Super Marketing
Subject: Business
ISSN: 0261-4251
Year: 1999
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