The UK supermarket industry is saturated and companies are ruthless in attempting to increase their market shares. Loss leader promotions are common and tactics to attract customers over the all-important Christmas period are key. This week has seen the supermarkets post their trading updates, with Tesco posting better than expected numbers following last week’s results from Waitrose. Marks and Spencer suffered over the Christmas period and their release was brought forward after a leak to a press outlet of a few of their key trading numbers. The high-street battle continues to intensify as investors press for sustained growth.
In stark contrast the many other high-street names are being touted to fail in 2013, due to their zombie like status. Low refinancing, stagnated growth and competition from internet shopping is expected to see further chains collapse. Jessops was the first of the year, but HMV only seems to be just keeping the door of administration closed, for now.
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