retail news in context, analysis with attitude

...with brief, occasional, italicized and sometimes gratuitous commentary...

Bloomberg reports that Tesco's "U.K. revival is gaining momentum, with the country’s largest supermarket chain matching market growth for the first time in more than 18 months, according to Kantar Worldpanel’s latest market share figures. Spending at Tesco stores rose 3.3 percent in the 12 weeks ended Jan. 20, the same pace as the industry," the story says.

"Tesco’s sales growth exceeded gains of 2.1 percent for Asda and 3.2 percent for Sainsbury ... Spending at Morrison stores fell 1.7 percent from a year earlier," Bloomberg writes.

• The National Retail Federation (NRF) predicts that 179.1 million people will watch the Super Bowl on Sunday, up from 172.5 million people who watched last year. And, NRF says, is is expected that, on average, each game watcher will spend more than $68 in game-related purchases - on everything from chicken wings to flat screen televisions.

• The Associated Press reports that Open Table, the restaurant reservations site, is buying Foodspotting, an application that allows people to find and share pictures of the food they are eating, for $10 million.

This is amazing. Though fascinating, because the move will allow Open Table to dramatically enrich its content offering. Which in the end, is the name of the game.
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