All Grocery articles – Page 475
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OpinionBlog: Tesco piles on the pressure
Tesco’s boss Philip Clarke seemed on relaxed form this morning. The Christmas like-for-like performance, up 1.8%, is the strongest its been for three years and - while a different reporting period - is higher than competitors Sainsbury’s and Morrisons.
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OpinionNick Bubb's Verdict: Cost control won't work forever at M&S
With CEO Marc Bolland under increasing pressure to get profits moving up at M&S, it is unhelpful to his cause that current year expectations have had to be notched down again, even though M&S promises to get its act together this autumn.
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OpinionComment: Tesco should be relieved but there are still more vices than virtues
Tesco is approaching the anniversary of a dark day in its history when it announced a major underperformance of its home market leading to a material acceleration in the group’s change strategy.
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AnalysisTesco: What the analysts say
Tesco today reported a 1.8% uplift in like-for-like sales over Christmas as its core UK business begins to show signs of a turnaround a year-on from its profit warning. The City welcomed the figures.
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AnalysisMarks & Spencer: What the analysts say
Marks & Spencer surprised the City by issuing its Christmas trading update early last night. Analysts were downbeat over the 1.8% like-for-like fall over the festive period.
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AnalysisBlog: Philip Clarke on Tesco's management changes
Today, alongside our Christmas trading update, I’ve announced the appointment of a Managing Director to run Tesco in the UK. The UK is the biggest part of the Tesco business, and it’s our home, so I thought it would be a good idea to tell you a bit more about both the person and why I’ve made this appointment.
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NewsTesco UK like-for-likes edge up 1.8% as it confirms new UK boss
Tesco UK like-for-likes edged up 1.8%, excluding VAT and petrol, over Christmas as it confirms the promotion of Chris Bush to UK managing director.
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AnalysisChristmas roundup: Food - Convenience was King for shoppers
Convenience stores proved vital in grocery over Christmas as stretched shoppers rushed to local shops to raid remaining supplies before the big day.
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NewsMarks & Spencer Christmas like-for-likes fall as clothing sales slump
Marks & Spencer’s like-for-like sales fell 1.8% over Christmas, when clothing sales slumped.
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NewsTesco to appoint HoF's Robin Terrell as multichannel director
Tesco is poised to unveil that is has appointed House of Fraser’s Robin Terrell as its multichannel director.
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OpinionBlog: Sainsbury's should be looking over its shoulder
Sainsbury’s chief executive Justin King was as bullish as ever today, reporting a “record-breaking” Christmas.
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AnalysisSainsbury’s: What the analysts say
Sainsbury’s today reported what it dubbed a “record-breaking Christmas” and recorded a 0.9% uplift in like-for-like sales in the third quarter. The City praised its own label growth but questioned the retailer’s return on investment.
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NewsNielsen inks deal with Profitero
Market information service Nielsen has signed a deal with price monitoring firm Profitero.
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NewsFood price inflation eases
Food price inflation fell in December as a result of competition in the grocery sector and easing commodity prices.
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OpinionBlog: Tesco's Philip Clarke defends Harris+Hoole investment
You might have seen some recent press coverage about our investment in the start-up coffee shop business, Harris+Hoole.
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NewsSainsbury's Christmas like-for-likes up 0.9%
Sainsbury’s has posted like-for-like sales excluding petrol up 0.9% for the 14 weeks to January 5, and delivered what it said was a record-breaking Christmas.
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News
Edeka to sell minority stake in Netto
Co-operative grocer Edeka is selling its 25% minority stake in discounter Netto in Germany to majority holder Dansk Supermarked, effective as of December 31.Edeka chief executive Markus Mosa said: “We are realigning our strategic focus on independent retailing and on companies in which we can hold operational responsibility.”
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News
Jumbo Supermarkten posts sales increase
Dutch grocery retailer Jumbo Supermarkten posted sales of E6.96bn (£5.66bn) for financial 2012. Turnover at Jumbo stores rose 31.7% to E3.23bn (£2.62bn.The rapid increase was mainly generated by its acquisition of competitor C1000, which raised the store count of its Jumbo-bannered shops from 263 to 309.Like-for-like sales growth was 2.7%. ...
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NewsSainsbury’s and Tesco grasp Christmas momentum
Sainsbury’s and Tesco enjoyed the strongest sales momentum of the Big Four retailers in the run-up to Christmas, Kantar Worldpanel data has revealed.
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NewsWaitrose parts company with Delia but keeps Heston for marketing campaigns
Waitrose is to split its celebrity chef advertising duo by parting company with Delia Smith but keeping Heston Blumenthal in its marketing campaigns.