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Tesco’s Uk Problems Exposed By Sainsbury’s Surging Sales

3 retailer behind France’s Carrefour and U.S. leader Wal-Mart, was once the envy of UK retailers but has been hurt by falling sales, costly failures in U.S. and Japanese markets, and an expensive folding of its unprofitable Chinese arm into a state-run firm. Weak central European markets and revelations that horsemeat had been found in meat products sold by it and other retailers also took their toll as first-half group trading profit fell 7.6 percent, sending Tesco’s shares down 3.3 percent. Tesco said sales at British stores open over a year, excluding fuel and VAT sales tax, were flat in the 13 weeks to August 24, its fiscal second quarter. The outcome met analysts’ forecasts in a range of flat to down 0.5 percent and represented an improvement on a first quarter decline of 1 percent. But in stark contrast Sainsbury, the No. 3 UK grocer, said it’s like-for-like sales rose 2.0 percent, excluding fuel, in its 16 week second quarter to September 28, more than doubling its growth of the previous quarter on the back of strong performances online and at convenience stores. “The biggest retailer in the UK is having a truly terrible time, but its numbers do not reflect the passion being thrown at it,” said Phil Dorrell, director of consultants Retail Remedy. In Britain Tesco was hit hard by the economic downturn because compared to rivals it sells a higher proportion of non-food items, where consumers have cut back the most and also because of years of underinvestment. It is also the most affected by the growth of discounters Aldi and Lidl, according to JPMorgan Cazenove, until recently Tesco’s house broker. Though Tesco’s recovery plan has seen heavy investment in store upgrades, product ranges, more staff and its online offer for a UK market which contributes over two-thirds of group revenue, its share of the market is still showing a year-on-year decline, monthly industry data showed last week.

UK-GBC and Ecobuild Enter New Partnership

Ecobuild’s unrivalled programme of events will be developed and delivered in association with UK-GBC, whose Chief Executive Paul King sits on the Ecobuild Advisory Board. UK-GBC will also contribute to the conference and seminar programme, which for the first time in Ecobuild’s ten-year history, will all take place on the show floor. Conference sessions including high profile debates on key policy issues will be hosted in two major arenas, while six seminar zones will focus on topics such as building products and design, building performance and BIM, refurbishment and retrofit, future cities, and green infrastructure and energy. Ecobuild is also actively supporting the work of UK-GBC to raise awareness and understanding of sustainability in the built environment as a founding sponsor of Pinpoint ( ), UK-GBC’s online platform for sustainability resources, and the Green Building Series education programme ( ). “This partnership marks the start of a new and exciting chapter in our close relationship with Ecobuild, an event which has firmly placed sustainable construction on the UK and international agenda over the past ten years,” said Paul King. “We look forward to working with the organisers and industry to ensure that the programme of events and line-up of speakers make 2014 the best Ecobuild yet.” Alison Jackson, UBM’s newly appointed Director of Sustainability and Construction, added: “We are delighted to be working more closely withUK-GBC. Their expertise in leadingindustry action, building capability through knowledge and green transfer, and the commitment and passion of the organisation is exemplary. The partnership encourages a year round collaboration and we are delighted that UK-GBC will be the lead partner of the Ecobuild brand.” Ecobuild is also focusing on minimising the environmental impact of the event itself by implementing the ISO 20121 Event Sustainability Management System, which addresses materials use, waste reduction and carbon mitigation. A sustainable procurement process will also be put into place for all key suppliers and environmental issues promoted to all stakeholders in the run up to the show. As part of this initiative Ecobuild will be working closely with UK-GBC on the Sustainable Stands Awards. 2014 will mark the fourth year UK-GBC will be running the Sustainable Stand Awards at Ecobuild. The competition is based on the sustainable design and responsible sourcing of materials for the stands, and how energy, waste and recycling have been considered during their construction. Ecobuild takes place from 4 to 6 March 2014 at ExCeL London. About UBM Live Built Environment – organiser of Ecobuild: UBM Live Built Environment, organiser of Ecobuild, is a specialist events, data and media solutions business focussed on the construction, property, architecture and interiors communities worldwide.

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