All Grocery articles – Page 585
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OpinionSir Terry Leahy: one of retail’s all-time greats
Cast your mind back to February 1997. Tesco had just taken top spot in the grocery rankings, but at about 20%, its market share was only 2 percentage points above Sainsbury’s.
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OpinionRetail surgery: What is the new night-time food licence that is due to come into force in Scotland all about – and who will it apply to?
What is the new night-time food licence that is due to come into force in Scotland all about - and who will it apply to?
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News99p Stores lays out plans to become ‘one-stop’ shop
99p Stores has revealed another bumper year of sales and profits as it lays out plans to become a “one-stop” convenience shop by ramping up its food offering.
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News
New Reliance team charged with doubling business in 5 years
Reliance Retail has hired an expert retail management team from Thailand and Europe to spearhead its retail business.“The company has hired a team of 35 senior executives from various retail giants like Tesco Lotus of Thailand, European retail giant Morrisons and the US retailer Walmart. It will work under Gwyn ...
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News
Lianhua to open 500 stores this year
Supermarket operator Lianhua plans to spend Yn600m (£60.66m) on opening 500 stores this year. They will include 15 shopping centres, 200 convenience stores and 285 supermarkets, mainly in the Yangtze River delta region. The retailer is looking to compete with the aggressive expansion of foreign players like Walmart and Carrefour.After ...
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News
Kopeika plans IPO
Grocery chain Kopeika plans an IPO this autumn. It is thought the Moscow-based retailer will offer about 30% of its shares. Possible buyers include X5 Retail Group or Walmart.An acquisition of a minority stake in Kopeika would be a good move for X5, as Kopeika competes with X5’s Pyaterochka stores ...
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News
Ahold Q1 profits up 45.7%
Dutch retailer Ahold posted a 45.7% rise in first-quarter net profit to reach €274m (£226.6m), mainly due to changes in its estimates for provisions for its former subsidiaries.It posted a 1% sales increase in its first quarter to reach E8.7bn (£7.2bn), a 3.4% increase at constant exchange rates. Operating income ...
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NewsM&S Plan A injects £50m profit back into the business
Marks & Spencer has revealed that its Plan A eco and ethical programme has injected more than £50m of profit back into the business last year.
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NewsSainsbury’s chief Justin King paid £8m last year
Sainsbury’s paid its chief executive Justin King almost £8m last year, when the grocer reported its lowest sales growth in five years.
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NewsShop price inflation slows to 1.8% in May
Shop price inflation slowed to 1.8% in May, down from 2% in April, according to the BRC-Nielsen Shop Price Index.
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Opinion
End of an era
Sir Terry Leahy’s retirement plans are a shock - put simply, he has been the greatest retailer of his generation
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NewsWarmer weather lifts retail sales in May
UK retail sales rose 0.8% on a like-for-like basis in May helped by warmer weather towards the end of the month according to the BRC-KPMG Retail Sales Monitor.
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NewsMorrisons poaches Richard Hodgson as group commercial director
Morrisons has poached Waitrose commercial director Richard Hodgson to become its group commercial director.
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NewsSir Terry Leahy to retire from Tesco in March 2011 and Philip Clarke to take over
Sir Terry Leahy is to retire from Tesco in March 2011.
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NewsExpansion drives record year for Iceland
Frozen food retailer Iceland Foods Group has enjoyed a record year with pre-tax profits soaring 19.4% to £135.4m in the 52 weeks to March 26, after a major expansion drive.
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NewsOcado to sell shares to customers if float proceeds
Ocado has written to its customers today saying it will give them the opportunity to buy shares in the company if it goes ahead with its widely-anticipated float.
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Opinion
Yorkshire bitter
Sir Ken Morrison’s attack on Marc Bolland was unbecoming of a retail legend
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NewsSir Ken Morrison: ‘Marc Bolland was no retailer’
Morrisons founder Sir Ken Morrison has launched a scathing attack on Marc Bolland, the grocer’s former chief executive who jumped ship to lead Marks & Spencer.
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NewsCo-op tests electricals range in food stores
The Co-operative Group has begun trialling electricals goods in its food stores as the retailer looks to expand its lucrative online electrical business.
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OpinionAsda’s swoop on Netto could be just the start
Few stories in retail come completely out of the blue, but last week’s £778m takeover of Netto’s UK business by Asda took everyone by surprise.