All Grocery articles – Page 572
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NewsAge of food discounter over as Aldi racks up £54m loss
Aldi, the German discounter that became a byword for the shift to value in the recession, has suffered a dramatic reversal of fortune, turning a £93m pre-tax profit in the UK and Ireland into a £54m loss last year.
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OpinionSainsbury’s stays a step ahead
Sainsbury’s boss Justin King should be feeling pretty pleased with himself. Having successfully silenced all the naysayers who said Sainsbury’s would be the first to suffer in the height of the recession, he is continuing to steer his ship onto a winning course as the economy improves.
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NewsAsia and Fresh & Easy give Tesco a little help
Food retail stocks lagged both their general retail peers and the market as a whole again despite a robust set of half-year results from Tesco.
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NewsTreats are back, say Tesco and Sainsbury’s
As Tesco and Sainsbury’s report favourable results, there is evidence consumers are trading up again
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OpinionMorrisons: the balsamic vinegar test
The Bolland legacy isn’t dead. It just needs further tightening up. So far he has kept to the real retail basics; simplifying ranging, innovation in own brand, further work on IT and supply chain, and improving customer service.
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AnalysisContactless payments: Out of contact
Contactless is approaching tipping point, but concerns remain about costs and whether shoppers will embrace the system without a national consumer awareness campaign.
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NewsSomerfield nears the end as Co-op rebrand finishes
The Somerfield brand is one step closer to disappearing from the UK high street as Co-operative Group confirmed this week that it has completed its programme of converting all Somerfield’s own-brand lines to the Co-op brand.
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AnalysisThe food fight shifts from price to quality
After slugging it out on price in the recession, supermarkets have switched their focus to product quality.
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OpinionSir Terry Leahy points the way to a steady retail recovery
While some may harbour doubts about the retail recovery, they don’t seem to be haunting Sir Terry Leahy.
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GalleryWaitrose Meanwood, Leeds
This one’s in a place called Meanwood, on the outskirts of Leeds and shines like a beacon in its surroundings.
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AnalysisUnited we stand
When JJB Sports lost its battle earlier this summer to de-recognise the GMB union that represents staff at its Wigan warehouse, the case illustrated the conflict-ridden relationships that some retailers continue to have with unions.
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News
Ahold appoints Europe COO Dick Boer as CEO
Ahold has appointed Dick Boer as chief executive of the company, with effect from March 2011. He will succeed John Rishton, who is leaving to become chief executive of Rolls-Royce.Boer, who has been with the company since 1998, is chief operating officer of Ahold’s European division and member of the ...
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News
Couche-Tard drops pursuit of Casey's General Stores
Canada-based convenience store operator Couche-Tard has dropped its almost six-month-long pursuit of US convenience chain Casey’s General Stores. Couche-Tard said it had allowed its offer of $38.50 (£24.30) per share to expire - none of Casey’s common stock was purchased and all tendered shares will be returned promptly.“We have decided ...
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News
Eroski posts decrease in turnover to £3.1bn
Eroski has posted a 1.05% decrease in turnover to €3.7bn (£3.1bn) for the first half ended July 31. Pre-tax loss for the period decreased 50% to €34m (£28m).The supermarket chain managed to cut its debts to €265m (£220m) and to keep its competitive position in the market via a reduction ...
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News
Lidl to acquire competitor Tengelmann's Plus discount stores in Bulgaria
Lidl has been given the regulatory go-ahead to acquire competitor Tengelmann’s Plus discount stores in Bulgaria.Following an investigation by the country’s competition commission, the authority concluded that the deal would not hinder competition in the retail market. Plus Bulgaria has been running 23 stores since October 2009, with a staff ...
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NewsAsda receives rebate from parent Walmart
Asda received a £115m rebate from its US parent which boosted profits but lifted its tax bill, according to figures filed at Companies House.
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NewsM&S UK like-for-likes climb 5.3%
Marks & Spencer has said customers are “returning to quality” as it reported like-for-like UK sales up 5.3% in its second quarter.
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NewsSainsbury's reports like-for-likes up 2.9% in Q2
Sainsbury’s has reported like-for-like sales for its second quarter up 2.9% excluding petrol, with new stores, online and non-food all driving growth.
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NewsThorntons first quarter like-for-likes fall 4.1%
Chocolatier Thorntons has reported a 4.1% fall in like-for-like sales at its own stores over the first quarter of the year.
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NewsFood inflation hits 15-month high
Food inflation has hit a 15-month high rising to 4% in September, compared with 3.8% in August, British Retail Consortium (BRC) figures show.