Skip to main contentAccess keys help

[an error occurred while processing this directive]
BBC News
watch One-Minute World News
Last Updated: Thursday, 13 November, 2003, 18:56 GMT
Somerfield sales rally
Somerfield supermarket
Somerfield is focusing on smaller stores
Bristol-based supermarket group Somerfield, which includes Kwik Save, has reported a rally in sales after a major refurbishment programme.

A total of 141 of 594 Somerfield stores have recently received investment, with a focus on smaller, convenience-style stores.

The company reported sales growth of nearly 1% in the 28 weeks to 8 November in comparison with the same period last year.

This includes a 2.2% improvement at the Somerfield chain.

Takeover bid

John von Spreckelsen, executive chairman, said: "The performance of the Somerfield stores continued to improve, benefiting from good growth achieved from the refit programme.

"The renewal programme is continuing with pace."

The group, which is the UK's sixth largest supermarket group, has been trying to win marketshare after hitting problems integrating Kwik Save, bought in 1998.

It was also recently the subject of a rejected �594m takeover bid by entrepreneurs John Lovering and Bob Mackenzie.




SEE ALSO:
Somerfield rebound disappoints
02 Jul 03  |  Business
Somerfield shuns takeover bid
05 Jun 03  |  Business
Somerfield board discuss bid offer
21 Apr 03  |  Bristol/Somerset
Somerfield suitors revealed
17 Apr 03  |  Business


RELATED INTERNET LINKS:
The BBC is not responsible for the content of external internet sites


PRODUCTS AND SERVICES

News Front Page | Africa | Americas | Asia-Pacific | Europe | Middle East | South Asia
UK | Business | Entertainment | Science/Nature | Technology | Health
Have Your Say | In Pictures | Week at a Glance | Country Profiles | In Depth | Programmes
AmericasAfricaEuropeMiddle EastSouth AsiaAsia Pacific