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Record Business insider : Business IN BRIEF.

Byline: John Penman

AN English supermarket chain have slapped two different pricetags on Scotland's national drink.

Since they were taken over by the Morrison group in March, Safeway have begun a two-tier price structure.

While customers at 'compact' Safeway stores pay one price, shoppers at Safeway superstores enjoy up to 13,000 price cuts.

SNP MSP Kenny MacAskill has discovered a pounds 2 hike on a bottle of Famous Grouse whisky.

At the firm's superstore in Newlands, Glasgow, the bottle was priced at pounds 12.89.

The same bottle was almost pounds 15 at the firm's 'compact' Giffnock branch.

WOOLWORTHS said poor weather had failed to dampen trading as they reported a one per cent rise in like-for-like sales at their stores yesterday.

The High Street chain have revived their fortunes in the past 18 months and overcome weak demand for seasonal items like outdoor furniture and summer clothing with strong growth elsewhere in the business.

Total sales from 803 outlets increased 7.4 per cent to pounds 1.04billion in the 24 weeks to July 17.

Woolies have been battling to turn around the business after sliding more than pounds 46million into the red nearly three years ago.

PROPERTY group Liberty International yesterday forecast a revenues boost from a review of rents at two of the UK's largest shopping centres.

Liberty's property investment income rose 1.1 per cent on a like-for-like basis in the first six months of 2004, despite a quiet period for rent reviews.

But this is set to grow further between October and December when the group thrashes out a new five-year agreement for the Braehead Shopping Centre in Glasgow.

Rent reviews are also planned next year at 85 units at the expanded and revamped Lakeside centre in Thurrock, Essex.

CATALOGUE retailer Argos booked up a market-beating 15 per cent growth in sales for the three months to June 30.

Strong demand in photography, white goods and leisure helped give owner GUS a healthy start to their new financial year.

Like-for-like sales, which strip out the impact of new store openings, increased nine per cent in the quarter as Argos built on the five per cent improvement of the previous year.

GUS said the 561 outlet chain outperformed its market, despite strong competition on the High Street, contributing to an pounds 827million overall profit for the parent company.


DEAL: Braehead
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Title Annotation:Business
Publication:Daily Record (Glasgow, Scotland)
Date:Jul 22, 2004
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