All Grocery articles – Page 525
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News
Mercator signs contract with Drvopromet to take over its trade business
Grocery retailer Mercator has signed a contract with Bosnia and Herzegovina-based Drvopromet to take over its trade business, securing 63 Drvopromet stores in a long-term lease. The agreement, which is based on strategic ties and is awaiting a green light from Bosnia and Herzegovina’s competition protection office, makes Mercator the ...
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News
Casino-owned Exito reports net profit increase
Casino-owned Exito has reported net profit of COP58.8bn (£19.52m) in the third quarter, 59% more than the previous year.The grocery retailer’s operating profit increased 18.7% to COP74.5bn (£24.74m), while sales rose 15.6% to COP2.03trn (£1.01bn).Exito opened 36 new stores in the first nine months of the year, reaching a total ...
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NewsAsda £5 'thank you' offer hailed a success as Morrisons enters Christmas price war fray
Asda’s £5 ‘thank you’ offer that it launched two weeks ago has driven 1 million customers to its Asda Price Guarantee (APG) website.
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NewsIceland bids fall short of asking price
First round bids for Iceland are thought to have fallen short of the £1.5bn asking price.
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NewsOcado hit by delivery "blips"
Warehouse “blips” have affected deliveries by online grocer Ocado today, but the retailer insisted only a comparatively small number of shoppers have been affected.
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NewsSales rise at John Lewis as Christmas buying begins
Signs of early Christmas shopping were evident last week at John Lewis department stores and sister supermarket business Waitrose.
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NewsOcado to deploy savings pass card as shoppers feel pinch
Saving Pass promises customers 10% off 600-plus branded products in bid to reflect price awareness
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AnalysisSouth Africa’s Pick n Pay seeks to follow Tesco’s lead
South Africa’s second-largest grocery retailer Pick n Pay has launched a premium private-label line.
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NewsRetailers feel the heat as consumers save
Store stocks nudged up over the week, but analysts and retailers alike wrung their hands about trading prospects and consumer health as the countdown to Christmas continued.
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OpinionNo news like good news
Doom sells papers, but why is it always at the expense of good news, asks Malcolm Walker.
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NewsRetail sales down year-on-year, CBI reports
Retail sales fell in the year to October, the CBI Monthly Distributive Trades Survey showed, and sales volume was the lowest since May 2009.
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NewsBooths eyes 10 new stores in Northwest
Northern grocer Booths plans10 new stores as it plans to roll out its new store format across its portfolio.
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News
Carrefour’s ELC speaks out against activist investor
Carrefour’s European Labour Committee (ELC) has spoken out against activist investor Knight Vinke’s proposal to elect a new chairman for the company.It claimed that the plan was aimed at dismantling the group. The ELC said that it wants “stability” and affirmed its support for the Carrefour Planet format, which it ...
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NewsTesco sets up emergency hubs in wake of Thai floods
Supermarket group Tesco has had to shut some of its stores in Thailand because of flooding affecting the country, and the retailer is helping with the relief effort.
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NewsBooths reveals flat sales as trading conditions remain tough
Booths pretax profit rose 7.2% to £8.2m in the year to April 2, however sales were flat and the upmarket northern grocer said current trading has remained tough.
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News
Japanese retailer Aeon plans expansion in Vietnam
Japanese retailer Aeon has stated its plans to expand its presence in Vietnam. Its first supermarket will be located in Ho Chi Minh City, and will be open by 2014. The company is scheduled to obtain an investment licence from the Vietnamese government. In Vietnam, Aeon operates its Aeon Credit ...
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NewsAsda boss plays it cool over price war
Grocery price wars? Nothing’s changed judging by Asda boss Andy Clarke’s attitude.
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AnalysisCarrefour sounds profit warning as sales slide
Last week, the world’s second largest retailer, France-based Carrefour issued its fourth profit warning saying it expected 2011 operating profit to fall by up to 20%, compared with 15% stated previously for its third profit warning in August.
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AnalysisBehind the story: September's official retail stats
They may have been less bad than they could have been but no-one will be popping champagne corks following the release of the official September sales figures by the ONS this morning.