All Grocery articles – Page 590
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NewsMajestic Wine pre-tax profits leap 117%
Majestic Wine has reported a 117% increase in pre-tax profit to £16m in its full year results as its minimum order change drove volume.
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NewsFirst England match hits shopper numbers
England’s first World Cup game hit shopper numbers on Saturday, when footfall fell by 4.7%.
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NewsRetail sales in London up 11.6% in May
Retail sales in London improved in May rising 11.6% on a like-for-like basis as tourists came back to the capital following the easing of the volcanic ash cloud disruption, the British Retail Consortium-KPMG London Retail Sales Monitor found.
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OpinionDalton Philips means business
Morrisons’ new chief executive Dalton Philips has wasted no time in beefing up his board with the appointment of Waitrose commercial director Richard Hodgson to join as its group commercial director.
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NewsJohn Lewis reports strong bank holiday trade
John Lewis reported weekly sales up 20.6% in the week to June 5, buoyed by trade over the bank holiday although the hot weather by the end of the week took the edge off sales.
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NewsTesco fresh foods chief Colin Holmes quits
One of Tesco’s rising stars announced his resignation yesterday, in the same week that Sir Terry Leahy stepped down and international chief Philip Clarke was named his successor.
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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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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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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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NewsAsda claims Price Guarantee will be as revolutionary as Clubcard
Asda has claimed that its Price Guarantee will go down as a “moment in history” with the capability to become as important a part of its business as Clubcard is for Tesco.
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AnalysisWalmart’s bid for world domination
With a renewed focus on price transparency, the US retailer plans to bring its value message to other countries. Jennifer Creevy reports from Bentonville
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NewsTough challenges that have to be faced by Tesco’s Philip Clarke
Tesco’s seamless succession planning has been lauded by the City as a success, but analysts warn that incoming chief executive Philip Clarke has a tough job ahead of him.
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NewsSuccessor Philip Clarke ‘cut from the same cloth’ as fellow Liverpudlian Sir Terry Leahy
Philip Clarke, who will become only the sixth Tesco chief executive in the company’s 80-year history when he takes the helm next year, has been picked to succeed Sir Terry Leahy for his “wide experience, drive and energy”.
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NewsUncertainty hits food and general retailers
The week in retail was dominated by the surprise announcement of Sir Terry Leahy’s plans to retire as chief executive of Tesco next March. Tesco shares fell more than 2% on Tuesday as the City digested the news, but analysts were happy with the appointment of Tesco veteran Phil Clarke ...
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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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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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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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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.