All Grocery articles – Page 558
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NewsWaitrose weekly sales up 11%
Waitrose total sales were up 11% last week, driven by shoppers stocking up on wintry foods for the cold weather.
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AnalysisIt’s only temporary
Getting the best out of Christmas temps is a bigger job than ever before, finds Joanne Ellul
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NewsFears for discretionary spending strike shares
The festive season may be in full swing but it is worries about next year that are hitting general retail shares, which underperformed the market this week.
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NewsSainsbury’s loses its clothing and homewares directors
Blow to supermarket’s non-food ambitions as Sara Bradley and Adrian Mountford defect to rivals
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NewsSupermarkets lift local trade, research claims
Supermarkets built in edge of town centre locations do not lead to the decimation of local trade or the crumbling health of the town centre’s retail offer, a report published this week claimed.
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OpinionTesco leads overseas charge
Fresh from being shown around its Asian operations, brokers agree that international is Tesco’s most significant growth opportunity.
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NewsWalmart trials new format in China
Walmart has embarked on a new strategy in China in a bid to reach lower-income and rural shoppers.
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NewsOFT hits out at misleading price promotions
The Office of Fair Trading (OFT) has sent a stark warning to retailers about misleading price promotion offers.
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NewsFortnum & Mason records first profit in six years
Luxury department store Fortnum & Mason has recorded a profit for the first time in six years alongside record sales.
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News
Venezuelan government to acquire 80.1% stake in Cativen
France-based retailer Casino has confirmed the government of Venezuela is to pay $690m (£444m) for an 80.1% stake in its local retailer Cativen, and that it has signed a partnership agreement with the government.As part of the agreement, Casino will retain 19.9% of the company and continue to provide operational ...
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News
Billa opens second convenience store in Innsbruck
Rewe Group’s Austrian supermarket division Billa has started rolling out its convenience store concept by opening the second Billa Box store in Innsbruck. The store covers just 540 sq ft, which compares with the 1,615 sq ft pilot store in Vienna, which was opened in November last year. Rewe plans ...
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News
Walmart set to acquire 51% of Massmart
Walmart has made a cash offer of R16.5bn (£1.48bn) to buy a controlling 51% of South Africa’s Massmart Holdings, its first foray into the growing retail market in sub-Saharan Africa. Massmart will remain listed in Johannesburg if the deal is completed, it said. “The more we learn about South Africa ...
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News
Alon Holdings Blue Square Q3 sales down 0.2%
Supermarket operator Alon Holdings Blue Square reported total sales down 0.2% to ILS1.92bn (£330m) in the third quarter ended September 30 as a result of a decrease in non-food revenue. This was partially offset by a 0.2% increase in like-for-like sales, compared with a 2.5% decline in the prior year ...
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NewsKPMG earns £11.3m fees from First Quench collapse
Accountancy firm KPMG earned fees of £11.3m from the administration of off licence group First Quench.
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NewsThe Co-op launches £200m Christmas promotional package
The Co-operative Group is offering shoppers a £200m Christmas promotional package.
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NewsCo-op members donate £1.2m of their dividend to good causes
Co-operative Group members have donated £1.2m of their interim dividend to charities and community groups.
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NewsOddbins launches new format in bid to make profit
Oddbins has launched a smaller format under the name Oddies as it aims to return the business to profit.
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NewsWaitrose sales up 10.6% last week
Upmarket grocer Waitrose revealed sales up 10.6% to £103m for the week ending November 27, as customers stocked up on Christmas goodies.
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NewsWalmart set to acquire 51% of Massmart
US grocery giant Walmart has confirmed its intention to acquire 51% of South African general merchandise and food retailer Massmart.
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NewsValue of online grocery sales to double to £9.5bn
The value of grocery shopping on the internet is predicted to nearly double to £9.5bn in five years, according to grocery research house IGD.