All Grocery articles – Page 564
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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
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
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
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.
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NewsTesco's Brasher dismisses Clubcard concerns
Tesco’s incoming UK chief executive Richard Brasher has dismissed suggestions that its ramped-up loyalty programme is inflating UK sales.
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NewsTesco Asia trip shows grocer is realising global rewards
Analysts believe Tesco is “beginning to enjoy the benefits of its global scale” after the grocer ran an investor trip to Asia this week.
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AnalysisWalmart to take on big cities with small stores
Today, Walmart’s influence across America’s heartland is unmatched, and now it is looking to prove its competitors wrong once again by reaching out to a new, unconventional consumer: the city dweller.
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OpinionCooking up ways to connect
The most successful retailers are bringing their brands to life, says Mark Price
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AnalysisMorrisons United
Retail transformation projects have a habit of causing disruption and falling short of their goals. Halfway through a radical four-year systems overhaul, how has Morrisons avoided the pitfalls? Tim Danaher speaks to the key players in the biggest transformation project in retail
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NewsTesco predicts biggest ever Christmas
Tesco is predicting its biggest ever Christmas this year, backed by extended opening hours, expanded ranges and more services on offer.
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News
Metro profit rises 10.6% to #7bn
Grocery retailer Metro recorded a 10.6% increase in net earnings for the year ended September 25, on sales up 1.3% to CAD11.34bn (£7bn). Net earnings reached CAD392m (£241m) versus CAD354.4m (£218m) last year.During the fourth quarter earnings climbed to CAD93.4m (£57.5m) from CAD84.4m (£52m) a year ago, on sales up ...
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News
Loblaw like-for-like sales drop after acquisition
Grocer Loblaw has reported sales of CAD9.6bn (£5.9bn) in the 16 weeks ended October 9, up from CAD9.5bn (£5.95bn) in the previous year, helped by the acquisition of Asian supermarket chain T&T.Like-for-like sales declined 0.4%. Gross profit increased by CAD152m (£94m), or 7%, to CAD2.3bn (£1.4bn) in the third quarter. ...
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News
Falabella Q3 profit rockets 236.8%
Falabella has reported net profit of CLP81.9bn (£102m) for its third quarter, 236.8% above the figure for the same period last year.Revenues for the period rose by 21.6% to CLP1.08trn (£1.3bn). The company opened five supermarkets during the period, one in Chile and four in Peru. In Peru Falabella also ...