UK: SOMERFIELD'S 24-7 HOME-SHOPPING AT RISK

Article Abstract:

Somerfield may have to shelve plans to expand its home shopping arm 24-7 due to financial constraints. A minimum of GB[pound] 55mn is needed to build the infrastructure to take 24-7 brand nationwide allowing it to compete with Tesco Direct and Asda@ home. Despite raising GB[pound] 305mn by selling 45 stores Somerfield chief executive David Simons will have to concentrate on its new convenience based strategy. Somerfield shareholders must also have their frustrations placated after dismal trading performance. A compromise may be reached by developing 24-7 in the south of England only with six new depots. This project would only cost GB[pound] 15-20mn.

New capacity, new plant construction

---

UK: MANAGERS TO GET MORE POWER AT SAFEWAY

Article Abstract:

Managers at the UK supermarket Safeway are to be given wider responsibility with regards to their stores performance. In an attempt to concentrate on local markets, managers will from the year 2000, will be provided with a week-by-week summary of their profits and losses. Managers will then be able to evaluate their performance and develop promotions specific to their locations. As a reward, managers will be awarded a further 20% and 30% of their salaries respectively, if they achieve sales and profit targets.

Food industry, Safeway Inc.

---

Similar abstracts:

• Abstracts: UK: SOMERFIELD SEEKS ADVERTISING AGENCY. UK: SAINSBURY TO OPEN PADDINGTON STORE. UK: SOMERFIELD REVEALS OWL-LABEL PLAN
• Abstracts: UK: TAKE-HOME DRINK SALES HOLD-UP POST MILLENNIUM. UK: CHRISTMAS PRICE CUTS ON BEER A CONCERN. UK: NICHE BRANDS FIND SPACE IN SUPERMARKETS
• Abstracts: UK: BUDGENS TO SELL FOOD AT PETROL FORECOURTS. UK: SUPPORT FOR SAFEWAY SCHEME. UK: ASDA BOSS REVEALS FUTURE PLANS
• Abstracts: UK: UNITED NORWEST LAUNCHES CHRISTMAS PROMOTION. UK: AUSTRIAN BREWERS TARGET THE MARKET
• Abstracts: UK: SCOTTISH COURAGE TO REVAMP OLD PECULIER. UK: KINGFISHER'S NEW PLAN

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.