All Grocery articles – Page 559
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News
Walmart in Brazil cuts prices of 2000 items by up to 20%
Walmart has adopted an EDLP pricing model at its Brazilian operations with immediate effect. Dubbed Preço Baixo Todo Dia, the introduction of the scheme resulted in the prices of 2,000 items being cut by up to 20%.Walmart has also ended its Bomclube loyalty programme in Brazil as part of the ...
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News
Atlantic revenue plummets 47% to £182.6m
Supermarket group Atlantic has reported poor financial results for the first nine months of 2010. Revenues plummeted by 47% year on year to €220m (£182.6m).Sales from the retail stores amounted to €145.7m (£121m), while the wholesale operations generated revenue of €74.3m (£61.7m).
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News
Emke Group steps up investment in Bahrain to increase stores
Bahrain UAE-based Emke Group is to increase its investment in Bahrain to BHD200m (£341.2m) to expand its retail operations.The group, which recently opened its third Lulu hypermarket in Bahrain at Ramli Mall in A’ali, expects to add another 600,000 sq ft hypermarket in Hidd this year that will be the ...
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News
Seven & I revenue increases 0.2% to £29.6bn
Get the knowledgeSubscribers have exclusive access to Retail Week Knowledge Bank. Find out what you’re missing now.Seven & I reported a 0.2% increase in revenues to ¥3,826bn (£29.6bn) for the nine months ending November 30, 2010.The convenience store division showed the best growth, with sales rising by 4.2% and operating ...
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News
Thorntons sales melt in cold weather
Thorntons, the specialist chocolatier, reported like-for-like sales down 5.9% in company-owned stores over Christmas as the snow kept shoppers away.
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NewsSainsbury’s open first sandwich shop
Sainsbury’s has opened its first sandwich shop this morning in Fleet Street, nearby to its Holborn head office.
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NewsTesco reports modest Christmas growth
Tesco has reported modest growth over Christmas with UK like-for-like sales for the six weeks to January 8 up 0.6%, saying it was “hindered” by the snow.
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NewsFortnum & Mason reveals record Christmas
Luxury department store Fortnum & Mason has notched up a record Christmas despite, it said, the snow, tube strikes and student riots in central London.
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Opinion
Tesco still pondering social media
Social networks might seem ubiquitous for consumers who have been used to them for years, but many of the biggest players in the retail world are still figuring out what their role is on sites like Facebook and Twitter.
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NewsTesco explores opening in Vietnam
Tesco is understood to be looking to open in Vietnam, in a move that would extend its empire to 15 countries.
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NewsShop price inflation rises to 2.1% in December
Shop price inflation rose to 2.1% in December, up from 2% in November, as rising costs pushed prices up.
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NewsSainsbury's reports record Christmas
Sainsbury’s has reported a record Christmas with like-for-like sales excluding petrol up 3.6% for its third quarter in the 14 weeks to January 8.
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NewsSainsbury's emerges Christmas winner, says Kantar
Sainsbury’s has emerged the Christmas winner among the big four grocers as it was the only one to have increased its market share over the festive period, according to Kantar Worldpanel.
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NewsMarks & Spencer posts 2.8% Christmas like-for-like sales rise
Retail bellwether Marks & Spencer generated UK like-for-like growth of 2.8% and market share gains over the Christmas period, despite arctic weather conditions.
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NewsTesco China boss Ken Towle to move back to UK to head online
Tesco China chief executive Ken Towle is to return to the UK to take over the online operation under the newly-created role of director of internet retailing.
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NewsOFT called upon to block Tesco takeover of Mills
Convenience retail trade body the ACS has called on the OFT to stop the takeover of Mills Group by Tesco’s c-store business One Stop.
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NewsOcado Christmas sales up 26.7%
Ocado has reported gross sales up 26.7% to £50.9m in the four weeks to December 26, with gross sales of £12.3m, up 43.5%, in Christmas week itself.
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NewsMorrisons Christmas like-for-likes up 1%
Morrisons has reported like-for-like sales up 1% in the six weeks to January 2, saying it served an average of two million more customers each week over the Christmas period than five years ago.
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NewsSainsbury's emerges Christmas winner, according to Nielsen
Sainsbury’s has emerged the Christmas winner out of the big four grocers according to market research company Nielsen.
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NewsTesco unveils UK board appointments
Tesco has made a raft of appointments in its newly-created UK board, under UK chief executive Richard Brasher.