All Grocery articles – Page 581
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OpinionMorrisons sets the pace
Morrisons has traditionally been the most shy of the big four grocers towards City analysts, investors and the media. Some believe that has led, in part, to its de-rating.
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NewsTesco launches first transactional mobile app
Tesco is launching its first transactional mobile app next week on mainstream handset Nokia Ovi Store.
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News
Soriana Q2 profits drop 19%
Soriana, the country’s second-largest grocer behind Walmart, reported a 19% drop in net profit in the second quarter to MXP716m (£38m).The slump was attributed to higher financial costs, despite an increase in sales of 6.5% to MXP22.8bn (£1.2bn). This improvement in sales was confined mostly to the central and southern ...
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News
Casino Q2 sales up 8.5%
Grocery giant Casino reported an 8.5% rise in consolidated net sales to €6.98bn (£5.8bn) for the second quarter.Sales in France rose 1.1%, or 0.2% on a like-for-like basis, while international sales jumped 23.6%, or 8.7% like-for-like. Brazil was one of the international highlights, registering a same-store sales increase of 11.3%.Group ...
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NewsNon-food inflation lowest since November 2009
Non-food inflation in July was the lowest since November 2009, slowing to 1% compared to 1.4% in June.
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NewsGovernment moves closer to setting up grocery ‘ombudsman’
The Government has moved closer to introducing legislation to set up a Groceries Code Adjudicator (GCA), its version of what was previously dubbed the ‘supermarket ombudsman’.
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NewsM&S appoints former WHSmith man Alan Stewart as chief finance officer
Marks & Spencer has named Alan Stewart its new chief finance officer.
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NewsSainsbury's launches Facebook campaign
Sainsbury’s has today launched a summer online campaign via Facebook in what is being dubbed ‘Junior Masterchef meets Ready Steady Cook’.
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NewsCo-op to lay off 872 Somerfield HQ staff
The Co-operative Group is to lay off 872 Somerfield staff with the closure of its head office in Bristol by next year.
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NewsBoost for Ocado as Fidelity buys stake
Ocado has been given a boost as it has emerged that Fidelity, one of the world’s largest fund managers, has taken a 13% stake in the business.
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News
Loblaw Q2 sales up 1.2%
Grocery retailer Loblaw has reported that sales rose 1.2% to C$7.3bn (£4.57bn) for the second quarter to June 19. Like-for-like sales declined 0.3%, marking the third consecutive quarter of negative like-for-like growth. Operating income increased 1.9% to C$330m (£207m) while net earnings declined 8.6% to C$180m (£113m)…
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NewsOcado arranges meeting for unconnected analysts
Ocado is to host a meeting for leading unconnected analysts next week, after facing a barrage of criticism in the run up to its float.
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NewsWaitrose goes mobile with website and app
Waitrose has optimised its website for mobile phones and launched an iPhone app as it seeks to widen the brand’s appeal.
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AnalysisWalmart calls on India to relax retail investment
Walmart has called on the Indian government to relax Foreign Direct Investment laws that do not allow foreign investment in multi-brand retail, but do allow 51% foreign investment in single-brand retail and 100% in wholesaling. Walmart said it would open hundreds of stores in India if it were to change its laws.
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NewsTesco ‘set to outperform’ as short-term concerns fade
Tesco shares are poised to outperform over the next year despite underperformance in the year to date, according to broker Bernstein.
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OpinionNo room for smug consensus
Ocado chief executive Tim Steiner rather gracelessly laid into independent City analysts after last week’s lacklustre IPO, following which the online grocer’s shares immediately fell below the opening price.
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NewsIn focus: Ocado
Now that the Ocado IPO dust has settled what, if any, are the lingering problem areas?
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NewsTesco takes on M&S in back to school campaign
Tesco is taking on Marks & Spencer in the back to school clothing battle and has frozen its uniform prices to be the same as last year.
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NewsSquirrel meat on Budgens shelves prompts outrage
A Budgens store has prompted controversy by putting squirrel meat on its shelves.