24 November 2000
Safeway aims for Tesco top spot

By FWi staff

SAFEWAY has unveiled plans to open 25 new hypermarkets by 2002 in a bid to overtake Tesco as the UKs top retailer, reports the Financial Times.

Chief executive Carlos Criado-Perez said interim results showing an 11% increase in pre-tax profits to 166 million showed the retailer had made a turnaround.

He said the chain would focus on becoming the first choice for consumers with the hypermarkets and 45 further stores in years to follow.

Meanwhile, Sainsburys is to deliver shopping orders via secure boxes on to doorsteps in a bid to bolster its internet grocery business, reports The Daily Telegraph.

The supermarket, which announced a 17% drop in profits on Wednesday (22 November), believes this could cut costs and attract more customers.

The store has done a deal with Homeport, which has developed home delivery using aluminium boxes and a wall-mounted electronic security device.