UK: POOR RESULTS FOR SOMERFIELD

Article Abstract:

City analysts are pessimistic about the future of struggling supermarket chain, Somerfield, one of whom expressed doubts about whether the group would survive beyond the end of 2000. However, despite interim profits being down almost 50% on 1999, Somerfield's chief executive, David Simons remains optimistic, and said that the group was starting to correct its mistakes. With 45 out of the 140 stores sold, over 40 are still on the market and 57 will be kept on.

Forecasts, trends, outlooks, Forecasts and trends

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UK: SOMERFIELD GIVES ACCOUNT TO MCCANN-ERICKSON

Article Abstract:

UK supermarket chain, Somerfield, has chosen McCann Erickson to handle the promotion of its 24-7 home shopping arm. The campaign is thought likely to be unveiled in March 2000, and will use television, radio and print to promote Somerfield's complementary 'top-up' shopping strategy.

Advertising, Contracts, McCann-Erickson Inc.

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UK: WAITROSE BUYS SOMERFIELD STORES

Article Abstract:

UK Supermarket group, Waitrose, has bought 11 of the 45 stores put up for sale by Somerfield. The 11 stores bought for around GB[pound] 100mn, are in the South of England and will increase Waitrose's selling space by 213,500 square feet. A further 11 stores were bought by the Co-operative Wholesale Society (CWS) for GB[pound] 90mn. Four smaller societies, as well as Asda and Sainsbury's, each bought one store.

New capacity, new plant construction, Retail Trade, Mergers, acquisitions and divestments, Retail industry, Waitrose Ltd.

Similar abstracts:

• Abstracts: UK: SOMERFIELD SEEKS ADVERTISING AGENCY. UK: SAINSBURY TO OPEN PADDINGTON STORE. UK: SOMERFIELD REVEALS OWL-LABEL PLAN
• Abstracts: UK: ASA CRITICISES SAINSBURY'S OVER GM CLAIMS. UK: SAINSBURY'S OPENS NEW STORE. UK: TESCO WINS LEGAL CASE
• Abstracts: UK: SOMERFIELD'S 24-7 HOME-SHOPPING AT RISK. UK: MANAGERS TO GET MORE POWER AT SAFEWAY
• Abstracts: UK: INCREASE IN VALUE OF READY MEALS MARKET. UK: TOILETRIES, HOT DRINKS AND READY MEALS. UK: READY-MEAL SECTOR GROWTH WILL CONTINUE

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