All Grocery articles – Page 586
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NewsWill Netto deal make Asda ‘the clear number two’ grocer
Asda’s £778m acquisition of hard discounter Netto’s UK operation has catapulted it from third to second place in food. But opinion is divided about whether the deal will fulfil Asda’s ambition to be “the clear number two” in grocery.
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NewsHow Netto’s exit from high street will affect the hard discounters
Hard discounters Aldi and Lidl could thrive in the UK after the third-largest player, Netto, disappears from the high street.
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NewsMore Asda acquisitions likely, say analysts
Asda’s acquisition of Netto increases the likelihood that the Walmart-owned grocer will stage a takeover of a non-food retailer, analysts believe.
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NewsM&S could grasp £300m food opportunity
Marks & Spencer’s improved strength in general merchandise enables new chief executive Marc Bolland to focus on a £300m opportunity in food, according to UBS.
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News
Costco Q3 sales up 12%
Costco has reported $17.4bn (£11.93bn) net sales for the third quarter, a 12% year-on-year increase.The results were driven by increased sales of fresh foods, clothing and homewares. Comparable sales for the quarter grew 10%, with a 6% rise at US stores and a 26% rise overseas. In constant currency terms ...
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News
Spar posts 5.5% global sales increase
Spar International posted a 5.5% global sales increase for 2009 to reach €28.5bn (£24.18bn).Spar Austria Group achieved sales up 3.2% to €11.3bn (£9.59bn), including shopping centres, while the UK notched up €3bn (£2.55bn), up 2% on 2008. Its South African operations posted strong year-on-year growth, with retail sales increasing 14% ...
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News
7-Eleven Australia to acquire Exxon Mobil petrol stations
7-Eleven Australia has confirmed it is to acquire all 295 petrol stations belonging to Exxon Mobil in the country.The deal comes after Exxon Mobil’s agreement to sell the petrol stations to Caltex Australia was blocked by antitrust regulators on competition grounds. The deal will see the number of 7-Eleven stores ...
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News
Carrefour China in talks for Baolongcang outlets
Carrefour China is in talks with local hypermarket operator Baolongcang to buy out its outlets, the local press has reported.Baolongcang has 14 hypermarkets in small cities in Hebei and Shandong province. It reported total sales of CNY3.16bn (£317.2m) in 2009.Wu-Mart and China Resources Enterprise are rumoured to also be interested ...
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News
Carrefour Poland to focus on franchise network
Carrefour Poland is to switch its focus from large developments in big towns to its franchise network.The retailer will expand its network of 330 sq ft to 1,310 sq ft franchise shops in housing estates in smaller towns, according to local press. Carrefour said that 50 to 60 such shops ...
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News
Aldi to open first New York store
US German hard discount retailer Aldi Süd is planning to open its first New York City store at the Rego Park II shopping centre in Queens, in early 2011.Aldi Süd operates more than 1,000 stores in 31 states in the US, primarily from Kansas to the East Coast. Last year, ...
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Opinion
The scale of the problem
A Retail Week breakfast on what the coalition Government means for retailers didn’t make happy listening.
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NewsSir Terry Leahy pockets £5.2m
Tesco chief executive Sir Terry Leahy was paid £5.2m in salary, bonus and shares last year.
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NewsSainsbury’s offers staff World Cup working hours
Sainsbury’s staff will be able to plan their shifts around “vital team matches” during the World Cup.
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NewsTesco staff to receive record shares payout
Staff at Tesco will be rewarded today with their share of a £105m bonus pot in the grocery giant’s biggest ever shares scheme.
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NewsCo-op hires independent directors to bolster food board
The Co-operative Group has appointed two independent directors to bolster the board of its food subsidiary.
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NewsOcado appoints five further banks for IPO
Online grocery retailer Ocado has appointed five further banks to prepare for its planned flotation in July.
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OpinionThat’s Asda price
Asda’s surprise buy of Netto shows it means business and is determined to make good on its ambitions. But will more stores automatically mean success?
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NewsDemand for warm weather product lifts John Lewis sales
Warm weather helped increase sales at department store chain John Lewis and grocery stablemate Waitrose last week.
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OpinionBolland needs to make most of his honeymoon
With Dyson off at the end of August and Rose unlikely to be far behind, the next three months will be crucial.
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NewsWaitrose deal lifts barrier to Ocado flotation
Ocado and Waitrose have struck a new 10-year supply agreement to run until September 2020 in what is being interpreted as a further sign that online grocer Ocado is gearing up for a float.