All Grocery articles – Page 502
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NewsLandlords slam "underhand practice” of pre-pack administrations
Landlords have slammed the “growing underhand practice” of insolvency practices such as pre-pack administrations that they say siphons “tens of millions of pounds out of pensioners’ savings into the pockets of private investors profiting from retail failure”.
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NewsRetail sales rise in March, ONS reports
Retail sales surged year-on-year and month-on-month in March, official data showed.
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NewsJohn Lewis sales surge as wet weather pulls in shoppers
John Lewis sales surged 13.9% to £61.1m in the week to April 14 as wet weather over the Bank Holiday weekend drove footfall to stores.
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OpinionM&S still a work in progress
Marks & Spencer’s fourth-quarter update on Tuesday failed to meet market expectations and the share price fell sharply.
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NewsMorrisons opens M Local format in petrol station
Morrisons is to open its first M Local in a petrol station as competition to expand convenience stores in the sector mounts.
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OpinionTesco’s revival relies on getting basics right
At one point in the run-up to Wednesday’s announcement by Tesco chief executive Philip Clarke, it seemed he would be left with little to say.
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AnalysisChallenges await the new Carrefour chief executive
In Lars Olofsson’s last full quarter as chief executive, French grocery giant Carrefour reported a 0.9% rise in first quarter sales excluding fuel, at constant exchange rates, to E22.5bn (£19bn).
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Analysis
Analysis: Retailing in China
The growing economic powerhouse is now the world’s biggest grocery market, and where the supermarkets go, others are following.
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NewsThe People’s Supermarket narrows losses
Co-operatively run grocer The People’s Supermarket has narrowed losses from £175,000 to £100,000 in the year to April 4.
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NewsClarke: ‘Good enough’ is not good enough
Tesco chief executive Philip Clarke has pledged a return to retailing excellence at the grocery giant’s flagship UK business through renewed focus on the customer.
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InterviewQ&A: Philip Clarke, Tesco
Tesco chief executive Philip Clarke and group finance director Laurie McIlwee faced a grilling from the press as the grocer unveiled its £1bn turnaround plan for the UK business today. Clarke talks improving in-store experience, Richard Brasher and what went wrong. Alex Lawson reports.
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News
Walmart to focus on expanding existing operations
Walmart is to concentrate on expanding its operations in existing markets rather than entering new locations this year. However, the retailer is still looking at possibilities to enter new countries and acquire technology and other capabilities.Walmart highlighted it has no plans at present to enter Russia but said it would ...
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News
Cora plans click-and-collect service
Grocery retailer Louis Delhaize plans to launch a click-and-collect service for its Romanian hypermarket chain Cora. The new service will be called Cora Drive. The retailer already offers Cora Digital, a service that allows customers to pick up consumer electronics delivered from Cora hypermarkets to smaller stores in customers’ local ...
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News
Carrefor launches new loyalty programme
Carrefour has launched a new point-based loyalty programme in the United Arab Emirates called MyClub, an innovation within the hypermarket sector in the region.Members earn one point for every AED10 (£1.75) spent in the retailer’s stores, with extra points available on special offers. When 500 points are accumulated, a AED50 ...
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News
Intermarché given go-ahead for Altis takeover
Grocer Intermarché has received approval from competition authorities to take over 20 Altis stores operating under the Carrefour banner. Last year, Intermarché reached an agreement with Spanish grocer Eroski to acquire the Altis joint venture in southern France.Eroski had already purchased Carrefour’s 50% stake in Altis, which operated six Carrefour ...
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News
Bharti Walmart to establish online operations in India
Bharti Walmart is likely to set up an online operation in the country with the grocer reportedly looking to partner with domestic ecommerce companies. Online retailing is gaining ground in India with several companies such as Amazon’s Jungle.com coming to the market, an indirect entry owing to the current restrictions ...
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News
Seven & I Holdings posts 20% profit for year
Convenience store operator Seven & I Holdings has posted a 20% rise in operating profit to ¥292.1bn (£2.41bn) for the full year ended February 29, 2012. Net profit increased 16% to ¥129.8bn (£1.07bn), however net sales fell 11.4% to ¥4.01 trillion (£33.03bn) mainly due to a change in accounting methods ...
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OpinionWhy Tesco Hertford is the grocer's future
The trial store in Hertford may not address all of Tesco’s UK woes but it so goes a long way towards addressing many of the retailer’s perceived shortcomings.
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AnalysisTesco: What the analysts say
Tesco boss Phil Clarke unveiled his turnaround strategy for the UK this morning as full year trading profit dipped 1% in its home market. The analyst community has its say on his plans to revitalise the domestic business.