ShoutingInDigital
Retail, E-Commerce, E-tail and Digital News
27th
JAN
KKR buys Pets at Home chain
Posted by James | Filed under supermarkets
- Image by Dogfael via Flickr
Pet store chain Pets at Home has been bought by US Private Equity Firm KKR (Kohlberg Kravis Roberts) for a figure of £955 million which includes the firm’s debts. The brand becomes KKR’s third UK High Street acquisition – they also already have Boots and Toys R Us on their portfolio.
The buy-out provides a healthy profit for Pets at Home’s owners Bridgepoint who paid £230 for the chain in 2005.
KKR fended off rival bits from other private equity houses including Apax Partners, Bain and TPG, while Bridgepoint was also rumoured to be considering a stock market flotation.
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Tags: buy-out, high street, pets at home, supermarkets
12th
JAN
Tesco announce strong Christmas sales growth
Posted by James | Filed under supermarkets
- Image via Wikipedia
Tesco has announced its strongest Christmas performance for three years, the retailer has announced.
According to a report in Talking Retail, the supermarket giant posted like-for-like sales growth of 4.9% excluding VAT and petrol, with its Double Clubcard points scheme contributing 0.7% of the sales growth in the six-week period to January 9th in the UK market.
The chain also saw strong sales of its Finest range, and sold 35% more bottles of Champagne than in 2008. Non-food performance also saw continued growth with improved like-for-like sales, driven by particularly good growth in clothing, electricals and toys.
Tesco’s sales growth also continued into their online operations with both food and non-food posting a combined growth of nearly 20% in the six-weeks while Tesco Direct saw sales growth increase by more than 50% with strong performance in toys, TV games and entertainment,
In the international sphere, Tesco saw a combined 4.1% increase from its Asia, Europe and US operations at constant exchange rates, and 2.5% at actual exchange rates.
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Tags: christmas, sales, supermarkets, tesco
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James and the team who run Shouting in Digital work for a digital marketing agency.
Sometimes we'll end up blogging about clients. When that happens it's because the client has done something worthy of a e-tail blog's attention. All the posts here are our opinion, insight and stuff we'd like to share for you please don't consider this meaningful advice.