All Grocery articles – Page 528
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NewsOcado’s lack of update raises City eyebrows
Broker Panmure has questioned why Ocado has not updated the City after the online grocer’s joint broker Goldman Sachs slashed its operating profit forecasts for the next three years.
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NewsLondon footfall slumps amid riots
Footfall slumped in London last week as people stayed away from the high street to avoid the riots and retailers shut up shops.
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Walmart hires investment bank to advise on potential takeover
Walmart has hired investment bank UBS to advise on a potential takeover of Carrefour’s Brazilian subsidiaries, according to reports.Both Walmart and Carrefour have remained tight-lipped about the rumoured takeover, but it is understood that Walmart is assembling a team of expert advisers prior to making a bid.Talk of a takeover ...
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NewsAsda Q2 like-for-likes up 0.5%, but operating income declined due to Netto acquisition
Asda has reported like-for-like sales up 0.5% excluding VAT in its second quarter from April 1 to June 30.
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NewsMorrisons leads big four, while Aldi reports all-time record share
Morrisons was the only one of the big four to grow market share in the latest Kantar figures, while Aldi was the winner overall with growth of nearly 25%.
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NewsAsda to create 7,000 Christmas jobs
Asda is to create 7,000 Christmas jobs as part of a £5m investment in customer service for the golden quarter.
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NewsSainsbury's trials branded price match in Northern Ireland
Sainsbury’s is to take on Asda and Tesco and launch its version of a price match trial in a trial in Northern Ireland.
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NewsAsda guns to open 250 smaller supermarkets
Asda is gunning to open 250 of its smaller supermarkets after racking up sales uplifts of more than 50% in its Netto converted stores.
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NewsCreditors better protected under new pre-pack rules
Businesses may find it harder to push through controversial pre-pack administrations under a new draft regulation to be unveiled next month.
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AnalysisRetail Week On The Road: North East and Yorkshire
We visit Leeds, Bradford, Middlesbrough and Newcastle
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NewsMorrisons appoints Credit Suisse as it mulls Iceland bid
Morrisons has appointed Credit Suisse as its investment banking advisor as the retailer mulls bidding for Iceland.
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NewsWeekly sales slip at John Lewis
Sales at John Lewis department stores slipped 1.4% last week to £51.8m as warm weather and the peak holiday period took a toll. Excluding VAT the decline was 3.3%.
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OpinionCrisis of confidence continues
Although the BRC was able to report “modest” retail sales growth in July, there was little for store chiefs’ comfort in the latest data.
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NewsConsumers more cash-strapped than ever
British consumers have never felt so strapped for cash as rising utility bills leave little money left over for basic needs.
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NewsSainsburys names Mark Horgan as marketing director
Supermarket group Sainsbury’s has named MasterCard executive Mark Horgan as marketing director.
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X5 Retail Group introduces new convenience store format.
X5 Retail Group has introduced a new concept of its Perekrestok Express convenience store format.The new stores have a smaller sales area, ranging from between 755 sq ft and 2,155 sq ft, and the product range includes ready meals, convenience food and fresh bakery products. X5 plans to introduce a ...
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NewsTesco "disheartened and disturbed" at OFT's decision on price fixing
UPDATED: Tesco has strongly rebuffed the decision made by the Office of Fair Trading that it, along with other supermarkets, price fixed on dairy products.
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News'Modest' retail sales growth in July, BRC reports
Retail sales edged up 0.6% like-for-like in July, when total revenues advanced 2.5%.
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NewsTesco blames technical glitch for pricing error
Supermarket group Tesco has blamed a technical error for lower prices on some products in Scottish stores, in breach of an industry agreement.