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Topic: Kwik Save


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In the News (Mon 4 Jun 12)

  
  Kwik Save - Wikipedia, the free encyclopedia
Kwik Save stores are small to medium sized high street supermarkets and are mainly located in areas with below average incomes.
Kwik Save became part of the Somerfield group in 1998 when Kwik Save and Somerfield merged and operated as a trading division of Somerfield Stores Ltd. Following the merger Somerfield's Food Giant discount supermarkets were re-branded as Kwik Save.
Kwik Save has struggled to make profits in recent years as superstore operators such as Tesco and ASDA have introduced their own budget brands, and other discounters such as Lidl and Aldi entered the market.
en.wikipedia.org /wiki/Kwik_Save   (899 words)

  
 Somerfield - Wikipedia, the free encyclopedia
Kwik Save had over-expanded with a badly focused portfolio of stores, many in poorer areas, and the company was in a worse state that Somerfield's management had realised.
The original plan was to transfer all Kwik Save stores to the Somerfield fascia, but it quickly became clear that many outlets were not suitable for conversion, either due to size or location.
The sale of Kwik Save in February 2006 is likely to have removed the potential clashes between some of the offending stores.
en.wikipedia.org /wiki/Somerfield   (1347 words)

  
 Kwik Save: Facts and details from Encyclopedia Topic   (Site not responding. Last check: 2007-11-06)
A supermarket is a store that sells a wide variety of goods including food and alcohol (where permitted), medicine, clothingclothes, and other household...
Most Kwik Save stores are small to medium sized high street high street quick summary:
Somerfield (formerly known as gateway until 1994, when they changed name to somefield) is a chain of around six hundred supermarkets in the united kingdom....
www.absoluteastronomy.com /encyclopedia/k/kw/kwik_save.htm   (455 words)

  
 SHOPRITE GROUP PLC v. KWIK SAVE STORES LTD, 08 January 1999, Lord Morison
The keys were returned by Kwik Save's agents on 13 December 1995 who stated that the subjects had become excluded property because at the expiry of twelve months from Principal Completion Date there was an unresolved dispute whether or not encumbrances had been removed.
Kwik Save dispute that the encumbrance constituted by Svenska Handelsbanken's contentions has been removed and contend that the title exhibited to them does not provide for adequate access rights to permit servicing.
Shoprite do not suggest that Kwik Save were acting in bad faith when they stated that they disputed that encumbrances had been removed, nor could they in view of the fact that they seek to have that dispute determined by an independent expert.
www.scotcourts.gov.uk /opinions/Mor0812.html   (1909 words)

  
 Somerfield confirms recovery but has plenty still to do   (Site not responding. Last check: 2007-11-06)
John von Spreckelsen, executive chairman of the Somerfield group, admitted that Kwik Save in particular was still in need of significant investment, but said he was pleased with the overall interim results, which showed that the company was moving in the right direction.
Capital expenditure investment on both Somerfield and Kwik Save during the period was £112.1 million, almost all of which was invested in the store retail estate.
At Kwik Save, meanwhile, the pace of conversion is slower, reflecting the scale of the task.
www.foodnavigator.com /news/printNewsBis.asp?id=49243   (817 words)

  
 Guardian Unlimited Money | Business news | Consortium strikes Kwik Save deal
A consortium today bought the loss-making Kwik Save retail chain from the supermarket firm Somerfield for an undisclosed sum.
The BTTF consortium - formed for the purpose of acquiring Kwik Save - includes retail and business professionals and is led by the Kwik Save managing director, Paul Niklas.
Kwik Save, which was acquired by Somerfield in 1998, is believed to be losing £40m a year despite investments totalling £130m over the past four or five years.
money.guardian.co.uk /businessnews/article/0,,1718944,00.html   (319 words)

  
 [No title]   (Site not responding. Last check: 2007-11-06)
Kwik Save operates as a distinct value brand building on its heritage as the nation's number one discount supermarket offering the biggest brands at lowest prices.
Somerfield and Kwik Save have fully comprehensive induction and familiarisation training packages which ensure all new starters are welcomed to the organisation, understand their role and receive the knowledge and skills required to enable them to do their job.
Kwik Save has an exciting 16 week Store Management Development Programme which has been designed to help you to prepare for your first appointment as a Kwik Save Store Manager.
www.careerchoices.org.uk /cir/ciritem.asp?Menuid=136&cirid=1349   (885 words)

  
 News & Star
Kwik Save could not confirm how many jobs in Cumbria are under threat but it is believed to be around fifteen.
Nationally, Kwik Save say that 2,000 employees - 300 deputy managers and 1,700 sales assistants - will be made redundant, with 900 of the sacked workers offered other roles within the business or suitable positions elsewhere.
Union officials are due to meet Kwik Save management to discuss the impact of restructuring on May 3.
www.newsandstar.co.uk /news/viewarticle.aspx?id=203584   (385 words)

  
 550 jobs go as Kwik Save shuts 22 stores - Evening Times   (Site not responding. Last check: 2007-11-06)
THE Kwik Save name will disappear from Scotland after the supermarket giant announced it was shedding 400 jobs.
Kwik Save workers all over the country turned up at stores today to be told the devastating news.
The converted Kwik Save stores join the 54 Somerfield stores in Scotland and the 36 convenience stores operating under the Mace brand, which the company acquired with the Aberness business in March.
www.eveningtimes.co.uk /hi/news/5026211.html   (544 words)

  
 Rochdale Observer - Workers fear for future as stores go up for sale   (Site not responding. Last check: 2007-11-06)
Kwik Save would neither confirm when the stores will reopen nor if staff will keep their jobs.
Somerfield, the owners of Kwik Save, says the mall at the Well i’th’Lane store, which is used by many independent traders will remain open, but many traders now fear for their livelihood as they rely on Kwik Save customers for their trade.
A former employee of Kwik Save, who wished to remain anonymous, said people had been aware of possible closure, but were disgusted with the way the news had been broken.
www.rochdaleobserver.co.uk /news/s/209/209878_workers_fear_for_future_as_stores_go_up_for_sale.html   (761 words)

  
 Somerfield Group : media resources : press releases   (Site not responding. Last check: 2007-11-06)
As Harry Potter once again becomes the name on everyone's lips, Kwik Save is worried that the intended readers of the book, children, will miss out as adult devotees rush to get their hands on the latest installment.
Pete Williams from Kwik Save said: "The mania surrounding Harry Potter and the Half-Blood Prince is already sweeping the nation, but we feel it's a bit unfair that so many adults muscle in on what is essentially a children's book.
Kwik Save's larger stores will enforce the ban up to 10.00am on launch day - Saturday 16th July - in effort to ensure that children have the nation's first chance to bag the bargain price Potter book.
www.somerfield.plc.uk /index.asp?sid=201&press_ID=1112   (392 words)

  
 Telegraph | Money | Kirk and crew swoop to rescue Kwik Save   (Site not responding. Last check: 2007-11-06)
This will come as a relief to the Kwik Save employees, whose future has hung in the balance ever since a group of private equity firms bought the business last year as part of the purchase of the Somerfield group.
There was some specu-lation that they were finding it very difficult to attract a single bidder for the stores, as the Kwik Save group is understood to be losing £40m a year.
Kwik Save, which specialises in selling a limited range of branded goods at knock-down prices, has struggled for years, even before Somerfield bought the business in 1998.
www.telegraph.co.uk /money/main.jhtml?xml=/money/2006/02/25/cnkwik25.xml&menuId=242&sSheet=/money/2006/02/25/ixcitytop.html   (514 words)

  
 Mirror.co.uk - Money - Your Money - EXCLUSIVE: CUT TO THE KWIK   (Site not responding. Last check: 2007-11-06)
Kwik Save ran more than 800 stores when Somerfield bought it in 1998 to create the UK's fifth biggest supermarket business.
After a series of botched integration plans, Kwik Save now has fewer than 400 sites and losses of £40million a year.
A consortium led by Peacocks boss Richard Kirk - named BTTF or Back To The Future - is buying the Kwik Save brand, along with 171 stores, for an undisclosed sum.
www.mirror.co.uk /mirrormoney/yourmoney/tm_objectid=16755046&method=full&siteid=94762&headline=cut-to-the-kwik--name_page.html   (378 words)

  
 Talks aim to ease Kwik Save jobs axe - Evening Times   (Site not responding. Last check: 2007-11-06)
HOPES were high today that hundreds of jobs under threat from the shock closure of the Kwik Save supermarket chain could be saved.
Talks were being held between bosses and union leaders, with both sides vowing to save as many jobs as possible.
Union officials said there was little or no chance of saving 150 workers at a warehouse in East Kilbride, Lanarkshire.
www.eveningtimes.co.uk /print/news/5027512.shtml   (190 words)

  
 BBC NEWS | Wales | Job threat follows Kwik Save sale
More than 230 staff at supermarket group Kwik Save in Wales are likely to lose their jobs with the sale of 68 Welsh stores.
Also in Wales, 16 stores will be retained and rebranded as Somerfield stores, 27 will be transferred to BTTF which intends to keep the Kwik Save name and 12 other stores will be sold to other companies with staff transferring to the new owners.
Kwik Save, which was based in Prestatyn, north Wales, was bought by Somerfield in 1998.
news.bbc.co.uk /go/rss/-/1/hi/wales/4756590.stm   (273 words)

  
 Kwik Save weighs heavily on Somerfield results   (Site not responding. Last check: 2007-11-06)
Kwik Save has been something of an albatross around the neck of Somerfield ever since it acquired the business in 1998, with its ‘stack-it-high, sell-it-cheap' approach to food retailing out of synch with the requirements of the increasingly sophisticated UK shopper.
But despite the beginning of a major overhaul of the business, which included the extension of a number of product ranges, not least fresh fruit and vegetables, growth at Kwik Save stores is still lagging some way behind that in the rest of the group.
“Investment in the new Kwik Save concept stores is at a very early stage, with 14 concept stores completed at the year end, so growth achieved from the refitted stores has had a negligible impact on sales performance,” Somerfield said in a statement.
www.foodnavigator.com /news/ng.asp?id=18040   (651 words)

  
 Current trends in food retailing (New text added is in different coloured font)
Kwik Save grew strongly due to its competitive prices until the early 1990s when Asda’s low prices policy, as well as the entry of the discounters Aldi, Lidl, and Netto, curbed this growth.
Scotland had 51 Kwik Save stores at the start of 2004; of these 29 will be re-facia-ed as Somerfield, and the remainder closed, along with a Kwik Save distribution centre at East Kilbride.
The stores will be re-fascia-ed as Somerfield (probably not as Kwik Save, given the desire by Somerfield to re-fascia or dispose of that brand) by end February 2005; the first re-fascia-ings began on 30/10/04, these stores closing until 4/11/04 (information here kindly supplied by Chris Nash).
www.fooddeserts.org /images/suptime.htm   (6943 words)

  
 icWales - Peacock chief heads Kwik Save takeover   (Site not responding. Last check: 2007-11-06)
Mr Kirk heads a consortium which is acquiring around 180 Kwik Save stores from Somerfield, which was taken private last year by a consortium including private equity group Apax Partners.
The strategy is likely to see Kwik Save, which had its headquarters in Flintshire before it was acquired by Somerfield in the 1990s, reduce the ranges that it sells and replace its discount-driven promotional strategy with everyday low prices.
A spokesman for Somerfield declined to respond to the report that Kwik Save was up for sale, saying that the company did not comment on speculation.
icwales.icnetwork.co.uk /0300business/0100news/tm_objectid=16751967&method=full&siteid=50082&headline=peacock-chief-heads--new-kwik-save-takeover-name_page.html   (413 words)

  
 BBC NEWS | Business | Somerfield sells Kwik Save stores
BTTF said it planned to reposition the Kwik Save brand as a leader in the convenience store market.
"Today marks a recommitment to the Kwik Save brand and its already-strong local presence," said BTTF chief executive Paul Niklas, who is set to become the new managing director of Kwik Save.
Over the past four or five years Kwik Save has lost millions of pounds, despite more having more than £130m pumped into the business, a Somerfield spokesman said.
news.bbc.co.uk /1/hi/business/4755176.stm   (236 words)

  
 Kwik Save - Offline Shopping Misc Shopping at dooyoo.co.uk
Kwik Save is your one stop shop and if you are wise then you can get all your shopping done cheaply and still at the highest quality.
Stores There are hundreds of Kwik Save stores across the country and they have been around since 1965, God help them.
Kwik Save is the saviour of our family.
www.dooyoo.co.uk /offline-shopping-misc/kwik-save   (252 words)

  
 Accrington Observer - Supermarket re-opens after sudden sale
Kwik Save’s parent company Somerfield has sold 15 of its stores across Lancashire to Back to the Future (BTTF) as part of a huge business shake-up.
Following substantial losses in the Kwik Save business, Somerfield, which owns 350 stores nationwide, sold a total of 171 to BTTF and 77 to other retailers.
BTTF was formed by three businessmen to specifically take over Kwik Saves, and all stores will continue to trade as normal.
www.accringtonobserver.co.uk /news/s/210/210059_supermarket_reopens_after_sudden_sale.html   (427 words)

  
 Somerfield: private equity ownership provides no boon for Kwik Save - Food Business Review
Somerfield's new private equity owners want to radically restructure its ailing Kwik Save chain, which is likely to result in the sale or closure of many of the 500 stores.
Kwik Save is also no longer a truly national retailer after withdrawing from Scotland in 2005, refocusing the chain on the Midlands, Wales and the North of England.
It would be foolish to discount the likes of Lidl and Netto as potential purchasers of some Kwik Save stores, although in the event of a successful trial of Asda's new smaller store format it could also be in the frame.
www.food-business-review.com /article_feature.asp?guid=839EB8C2-B8C7-496B-9245-7D30949F803C   (611 words)

  
 icLiverpool - New Somerfield owners sell off Kwik Save brand   (Site not responding. Last check: 2007-11-06)
THE new owners of Somerfield cut their losses on the Kwik Save chain by selling the brand and the majority of its stores yesterday.
A company spokesman said Kwik Save had lost millions of pounds over the past four or five years, despite investment totalling £130m.
It emerged later that BTTF is the new company set up to acquire Kwik Save and is headed by Paul Niklas, the former managing director of Formica, the laminates business.
icliverpool.icnetwork.co.uk /business/news/tm_objectid=16755370&method=full&siteid=50061&headline=new-somerfield-owners-sell-off-kwik-save-brand-name_page.html   (545 words)

  
 icHuddersfield - 50 new jobs as Kwik Save owners set up Hudds HQ   (Site not responding. Last check: 2007-11-06)
Mr Niklas said the takeover marked a "re-commitment" to the Kwik Save brand, which had a strong local presence in Yorkshire.
He said Kwik Save's image would be updated and stores would be made more welcoming.
A spokesman for Somerfield said the Kwik Save stores had lost millions of pounds over the past few years despite investment totalling £130m.
ichuddersfield.icnetwork.co.uk /0100news/0100localnews/tm_objectid=16757074&method=full&siteid=50060&headline=50-new-jobs-as-kwik-save-owners-set-up-hudds-hq-name_page.html   (493 words)

  
 [No title]
Three Kwik Save stores were closing within the Ayrshire, Dumfries, Galloway and Inverclyde region namely, Dumfries, Greenock and Kilmarnock with Kilmarnock store having the largest number of employees.
Immediate contact was made with the Manager of Kilmarnock Kwik Save to establish the facts and offer PACE support.
This was to allow her to gain a better understanding and knowledge of Jobcentre Plus operations, services etc and as such be more informed to advise her own staff IT Suite set up “In house” with internet connection, allowing access to a variety of Career planning tools and job opportunities.
www.scotland.gov.uk /Resource/Doc/917/0017127.doc   (361 words)

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