Retail Sector

Waitrose is the best; Tesco is the worst supermarket in the UK: poll

Waitrose is the best supermarket in the UK, while Tesco is the worst, according to a new survey by consumer watchdog Which?

The watchdog polled 11,000 consumers across the country, and found most respondents voting in favor of Waitrose, which received a customer score of 82 per cent.

Waitrose also received five-star ratings for the quality of its fresh products as well as for its customer service.

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Tesco, Aldi removed Comigel’s beef products form sale

British retailers Tesco and Aldi have removed frozen beef products made by French supplier Comigel from sale because of "a labelling issue".

The two retailers withdrew frozen apaghetti bolognese and lasagne after the emergence of the latest alert over the origin of the meat.

Announcing its decision of withdrawing the beef products, a spokesperson for Aldi said, "Comigel has flagged concerns that the products do not conform to specification. They have been withdrawn immediately so that Aldi can conduct its own investigations into the factory concerned."

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NPD Group: US video game retail sales dropped 8% year-on-year

According to the statistics recently released by market research firm The NPD Group, 2011 witnessed a notable plunge of 8 percent year-on-year, from $18.4 billion to $17 million, in total US consumer spending on video games at retailers.

Despite the fact that the performance of video game content across retail and digital saw a boost due to alternative monetization strategies, the 8 percent drop in total US video games sales revenue during 2011 was a result of a decline in video game retail sales across hardware, software as well as accessories.

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Doorbuster deals on LCD TVs attract Black Friday shoppers

Going by the reports pertaining to the Black Friday shopping spree, big crowds of shoppers apparently went gaga for the doorbuster deals on LCD TVs; with Best Buy’s $200 sale for a 42-inch Sharp LCD TV being one of the hot favorites!

With the belief, substantiated by the market-watchers, that the search for the traditional Black Friday quarry, a low-cost HDTV, would seemingly be easier this time round, queues of enthusiastic shoppers could be seen outside the Best Buy building nearly one hour before the store’s midnight opening, which marked the beginning of Black Friday.

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Shopping becomes more fun as Waitrose proposes two new Scottish stores

After registering an over-whelming growth in the last fiscal year, Waitrose, supermarket arm of the John Lewis Partnership, is all set to open two brand new stores in Scotland.

Last year Waitrose manage to acquire a hefty margin that allowed its staffs to take home a bonus worth nine weeks salary. The employee owned firm would soon be sharing a whooping 5.1 million pound worth of bonus with its 2900 partners. Each partner will get a payout of 1800 pounds.

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