All Grocery articles – Page 573
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NewsTesco profits climb 12.5%
Tesco has reported a 12.5% increase in group pre-tax profit in its interim results, with international sales helping to offset the subdued growth in the UK.
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OpinionFood glorious food
You get to see a lot of shops in this job, but not many of them are food retailers. And even when you do wander into a new store, there are roughly two chances of it appearing particularly innovative: slim and fat.
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NewsThe Carlyle Group buys NBTY
Global asset management firm The Carlyle Group has completed its $4bn acquisition of NBTY, which operates the Holland & Barrett chain.
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NewsConvenience store chains in board room dispute
Convenience chains Costcutter and Nisa Today’s are embroiled in a row after Costcutter chairman Colin Graves resigned from Nisa Today’s board in a dispute over a conflict of interest.
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NewsJohn Lewis reports 15% weekly sales rise
Sales at department store chain John Lewis rose 15.1% last week to £58.7m.
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NewsGrocers and discounters prepare for bidding war over Netto shops
Grocers Tesco and Morrisons are thought to be among the interested parties for the 47 Netto shops that Asda has to dispose of as part of its £778m acquisition.
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NewsSluggish growth puts brokers off their food
Food retailers’ shares looked far from scrumptious ahead of Tesco’s interim results next Tuesday and Sainsbury’s second-quarter update a day later.
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OpinionSainsbury’s treads carefully
After hunkering down and sticking to the knitting during the recession, the attractions of trading in foreign climes are once again moving up the retail agenda despite the rather uncertain trading conditions at home.
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NewsExpanding Sainsbury’s opens its largest store yet
Sainsbury’s opened its largest store this week as it seeks to fulfil its ambitious expansion plans.
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AnalysisMeating and greeting
Victor Churchill, a butcher’s shop in Melbourne, takes a mundane commodity and turns it into a real spectacle. John Ryan reports
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News
Reliance Retail to enter smaller towns and introduce grocery home delivery
Reliance Retail is pushing ahead with a rapid expansion drive, which will include entry into smaller towns and the introduction of a home delivery service for groceries. The plan is to expand its presence in urban markets, moving from Tier I and Tier II cities down to Tier IV cities ...
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News
Carrefour to refurbish Italian and Spanish hypermarkets to Carrefour Planet next year
Carrefour will begin refurbishing its Italian and Spanish hypermarkets to its new Carrefour Planet concept during 2011. In Spain, 75 of its 164 hypermarkets will be converted. The remaining 89 stores will receive a lower specification upgrade. In Italy, 23 of Carrefour’s 53 hypermarkets will be converted to Carrefour Planet ...
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NewsTesco guns for £55m Halloween sales
Tesco is gunning for its biggest ever Halloween with expected sales to top £55m.
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NewsWaitrose set for Duchy Originals US launch
Upmarket grocer Waitrose is to make its first foray into the US as it discusses selling its Duchy Originals range through retailers in the country.
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News
Matahari to accelerate hypermarket expansion
Retailer Matahari will aggressively grow its hypermart banner, parent company MPP announced. “We currently have 50 hypermart stores in Indonesia and will accelerate the expansion from seven stores per year to 10 to 15 stores,” said a spokesman.The existing hypermart formats will be upgraded and IT infrastructure strengthened in order ...
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News
PTT withdraws bid for Carrefour's Thai assets
Local energy giant PTT has reportedly withdrawn a bid for Carrefour’s Thai assets. Thailand’s largest energy company by revenue apparently faced opposition to the bid from “important stakeholders”, prompting it to ask its subsidiary, PTT Retail Management, not to participate, the company said in a statement.
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NewsSainsbury's opens largest store in Crayford
Sainsbury’s has today opened its first extended 100,000 sq ft store with a series of new areas.
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NewsWalmart to buy South African retailer Massmart, Asda’s Andy Bond to oversee
Walmart intends to push into Africa with the $4.2bn acquisition of general merchandise group Massmart.
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NewsTesco chief Sir Terry Leahy attacks investor short-termism
Tesco chief executive Sir Terry Leahy has criticised short-term investor attitudes and such shareholders’ superficial understanding of companies in which they hold stakes.
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NewsSainsbury’s eyes China expansion
Sainsbury’s has sent a team to China to explore the possibility of opening the group’s first overseas shops in almost a decade.