All Grocery articles – Page 479
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News
Lidl reveals Greek investment plan
German Schwarz Group’s discount grocer Lidl has revealed a Greek investment plan of E100m (£81.1m) over the next three years.Lidl plans to open new stores, renovate shops and warehouses and invest in promotions and special offers. “Despite the current unfavourable market conditions, Lidl Hellas will continue to support the country,” ...
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OpinionNick Bubb's verdict: Tesco - not very Fresh & not very Easy
Tesco didn’t help themselves by launching a store format with a range that was not very fresh and not very easy to shop in.
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AnalysisTesco: What the analysts say
Tesco revealed today it is to conduct a strategic review of its lossmaking US chain Fresh & Easy as its third quarter sales slowed in the US and the UK. The City remained cautious over the company’s prospects.
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News
Aldi Nord experiences significant profit decrease
Discounter Aldi Nord experienced a significant drop in profit in 2011, according to annual accounts from 18 of its 35 regional divisions.While sales increased slightly, cumulated profits were E55m (£44.6m) down on the previous year. Aldi blamed a weak non-food business and stiff competition in Germany.
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News
Ahold extends cost-savings programme
Grocery retailer Ahold has extended its cost-savings programme from E350m (£283.9m) to E600m (£486.8m).Ahold said it will include sourcing and promotional costs to invest in creating a better offer and value for customers.Next year, the grocer plans to convert many of its 82 Dutch C1000/Jumbo Supermarkten stores to Albert Heijn. ...
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OpinionComment: Not Tesco's finest hour, but possibly not its worst
So, Tesco’s Fresh & Easy misadventure in the US is drawing to a close.
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OpinionComment: Tesco needs to use technology to engage customers
Tesco needs to focus on using its huge wealth of technological innovation to engage customers and avoid focusing on gimmicks.
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NewsOcado launches Facebook tie-up
Ocado is allowing shoppers use their Facebook profiles to shop the retailer’s site and will ultimately look to sell products through the social media site.
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NewsFood price inflation rises to nine-month high
Food price inflation jumped for the second month in a row to 4.6% in November, hitting its highest rate in nine months.
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OpinionComment: Tesco boss Philip Clarke blogs on the Fresh & Easy strategic review
Today I’ve announced Tesco’s decision to begin a strategic review of Fresh & Easy, our business in the US.
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NewsTesco likely to exit US business as Tim Mason departs
Tesco chief executive Philip Clarke is considering exiting the US as he conducts a strategic review of the business.
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NewsAldi continues sales surge as Morrisons pressure mounts
Aldi has continued to record strong double-digit sales growth “unabated” while Morrisons trails the pack in a fiercely competitive grocery market.
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AnalysisSir Terry Leahy: Career highlights
Sir Terry Leahy is to take on the role of chairman at value retailer B&M Bargains, his first retail role since stepping down from Tesco. Having spent all his retail career at Tesco, here are his career highlights.
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NewsRetail like-for-likes edge up 0.4% in November
UK retail like-for-likes edged up 0.4% year on year in November signalling a nervous wait for retailers ahead of Christmas.
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AnalysisAlcohol multi-buys: What do retailers need to know?
The Government is investigating multi-buy promotions on alcohol as it looks to cut both crime rates and the level of health problems. Tiffany Holland reports.
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AnalysisAnalysis: What do the OFT promotion principles mean for retailers?
The Office of Fair Trading (OFT) has moved to curb misleading promotions with a new set of principles today. Retail Week takes a look at the implications.
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OpinionComment: Why did the OFT's decision on promotions take so long?
The OFT’s announcement that eight retailers have agreed to a set of principles over special offers and promotions is a welcome move.
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NewsSupermarkets take action to tackle price-cut concerns through OFT initiative
Tesco, Sainsbury’s and Morrisons are among a group of supermarkets that have committed themselves to tackling concerns over food and drink promotions through an initiative with the Office of Fair Trading (OFT).
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AnalysisInternational analysis: Carrefour could lose out through franchise deal
Carrefour has reorganised its partnership in Indonesia with CT Corp into an exclusive franchise agreement.
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NewsWaitrose to extend Christmas opening hours
Waitrose will add 4,700 extra hours to its store opening times this Christmas and has upped the number of online delivery slots.