All Grocery articles – Page 586
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NewsWhole Foods UK sales fall, but losses reduce
Sales fell at upmarket grocer Whole Foods’ five UK stores in the year to last September, but the company managed to slash its operating loss in the period.
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NewsAmazon launches UK food offer
Amazon has launched a grocery offer in the UK offering thousands of household goods and food.
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NewsShop price inflation slowed to 1.5% in June
Shop price inflation slowed to 1.5% in June after slowing to 1.8% in May, according to the BRC-Nielsen Shop Price Index.
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NewsMarks & Spencer like-for-likes leap in first quarter
Marks & Spencer has reported a 6% surge in general merchandise like-for-likes in the first quarter, when the retailer wooed clothing shoppers with “improved styling, stronger fashions and great value.”
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NewsOcado outlines target depot and delivery efficiencies
Ocado has outlined the delivery and depot efficiencies it is aiming to reach at its Hatfield depot in a bid to maximise profitability.
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NewsTesco understood to be interested in Carrefour’s Asian operations
Tesco is understood to be among the leading supermarket chains interested in parts of French giant Carrefour’s assets in Singapore, Thailand and Malaysia.
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NewsOcado expects £1.18bn IPO valuation
Home shopping group Ocado has set a price range of between 200p to 275p per share for its IPO and expects a market capitalisation of about £1.18bn.
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NewsThe Retail Trust launches second Search for a Star competition
The Retail Trust has launched its second ‘Search for a Star’ competition after a successful hunt for the best musical talent in the retail sector last year.
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NewsOcado to publish prospectus and start roadshow
Ocado is poised to publish its prospectus tomorrow and press ahead with a valuation of £900m-£1bn for its IPO.
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NewsTesco survives shareholder rebellion
Tesco faced rebellion over the pay and bonus packages it allocates to directors at its annual general meeting today with over 37% voting against the approval of the grocer’s remuneration report.
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NewsOcado will make no money until 2014, adviser says
Online grocer Ocado will not make a profit until 2014, one of the banks advising it on an IPO has revealed.
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AnalysisCanada’s Sobeys benefits from innovative strategy
Sobeys’ results - although by no means spectacular - are thoroughly respectable in a Canadian grocery sector that is becoming ever more competitive.
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AnalysisThe customer knows best
OC&C’s customer research on a selection of retailers and their propositions will give the high street plenty to think about
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NewsGrocers face muted growth, warns Bond
Asda chairman Andy Bond has cautioned that grocers face “two years of muted growth” as shoppers continue to tighten their belts in the tough climate.
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AnalysisOcado moves to deliver on flotation
Ocado is bullish about its plans to float, but with the online grocer yet to make a pre-tax profit, is the IPO a good deal for investors
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OpinionOcado investors should be in it for the long haul
“EBITDA should not be considered a substitute for gross profit/(loss), operating profit/(loss), profit/(loss) before tax.” Wise words from an unexpected place - none other than the very small print at the end of Ocado’s announcement of its intention to float, released last Thursday.
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NewsMorrisons unveils revamped Bradford store
Morrisons has unveiled a new look for its store in Idle in Bradford, which features a concession for clothing retailer Peacocks.
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News
Mercator drops Merkur acquisition plan
Mercator, the country’s largest food retailer, has abandoned its plans to buy local rival Merkur due to issues with Merkur’s creditors. Last month Mercator signed a letter of intent to buy Merkur’s retail network, but Merkur’s bank creditors decided against the sale of any part of the company. Merkur, which ...
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NewsSainsbury’s ad celebrates British summer
Sainsbury’s today launched its latest advertising campaign with celebrity chef Jamie Oliver, with the first ad aired during breakfast show GMTV.
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NewsTesco under scrutiny over accounting policies
Tesco has come under scrutiny from a leading City analyst over its accounting policies.