All Grocery articles – Page 590
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NewsMorrisons cleared of price fixing
Morrisons has been cleared of dairy price-fixing allegations by the Office of Fair Trading (OFT).
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AnalysisThe Retail Cabinet
As the new Government is announced, Retail Week imagines a country run by the UK’s top retailers. Tesco chief executive Sir Terry Leahy is an obvious choice for prime minister, but whose business skills would he be calling on to work alongside him in his first cabinet?
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AnalysisWhat’s waiting in Marc Bolland’s in-tray at M&S?
Dutchman Marc Bolland takes the reins this week at M&S. We look at the big questions facing him as he moves into the Paddington hot seat
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News
Edeka sales up 18.7% on Plus integration
Edeka, Germany’s largest grocer, posted an 18.7% sales increase to €38bn (£33bn) during 2009. EBITDA reached €714m (£622m), mainly thanks to the integration of the 2,339 Plus discount stores acquired from Tengelmann in January 2009.Plans for 2010 include an investment of €1.3bn (£1.13bn) to expand and modernise its stores and ...
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NewsAndy Clarke tipped to take over as Asda CEO as Darren Blackhurst leaves
Asda chief operating officer Andy Clarke is tipped to take over as chief executive and chief merchandising officer Darren Blackhurst has left the grocer, Retail Week has learnt.
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NewsTesco to launch 50% off clothing Sale
Tesco will launch a 50% Sale on its clothing website on Friday May 7 to celebrate the site’s first six months of trading.
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NewsSales momentum slows at Morrisons
Supermarket group Morrisons has reported a slowdown in sales during its first quarter, but said it was still winning customers.
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News
Jerónimo Martins Q1 profits up 30%
Grocer Jerónimo Martins posted a €42.3m (£36.8m) net profit for its first quarter, a 30% jump on the same period in the previous year.The retailer attributed the result to strong sales, which rose 21.8% to e1.96bn (£1.70bn), compared with the first quarter of 2009. Sales at its Biedronka discount supermarket ...
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NewsSainsbury’s to sponsor Paralympic Games
Sainsbury’s is to sponsor the London 2012 Paralympic Games, the largest ever sponsorship of a Paralympic Games.
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NewsShop price inflation rises to 2% in April
Shop price inflation rose to 2% in April, up from the 1.2% recorded in March.
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NewsCo-op chairman backs Peter Marks
The Co-operative Group chairman has publicly backed chief executive Peter Marks amid claims of a boardroom bust up.
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NewsFashion boosts John Lewis sales while Waitrose sparkles in the sun
John Lewis sales rose a “healthy” 11.4% in the week to April 24, as its sister chain Waitrose achieved its highest sales growth of the year.
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NewsThe OFT drops part of its dairy investigation
The Office of Fair Trading has concluded that it has insufficient evidence to support an infringement in its dairy investigation in regard to liquid milk in 2002 and value butter in 2003.
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NewsCo-op’s Somerfield crisis
Confidential board report reveals plummeting sales in ex-Somerfield stores following 2009 deal
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NewsSainsbury’s revamps tills to reduce queuing times
Sainsbury’s has invested in “cutting edge” technology to improve its self-service and manned tills, which it said will reduce customer queuing time by 500,000 hours a year.
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News
SuperValu sales down 8.9%
Grocery retailer SuperValu posted an 8.9% net sales decline to $40.6bn (£26bn) in the year ended February 27.Same-store sales declined 5.1%. However, net income rocketed to $393m (£252m) compared with a $2.9 bn (£1.6bn) loss last year.SuperValu chief executive and president Craig Herkert said the retailer expects net sales to ...
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News
Pick ’n’ Pay sales up 9.8%
South Africa’s second largest grocery retailer Pick ‘n Pay reported sales growth of 9.8% to ZAR54.7bn (£4.2bn) in its financial year ended February 28.Trading profit for the year slid 2.5% to ZAR1.65bn (£145.5m), as margins were undermined by price cuts in basic foods. The retailer reported double-digit growth in fresh ...
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News
Wesfarmers sales up 4.9%
Sales at Wesfarmers’ grocery arm Coles rose 4.9% to Aus$6.91bn (£3.5bn) in the quarter to March 28. Meanwhile, its home improvement operations experienced a 7.9% jump in sales to Aus$1.54bn (£771m), while sales from its office supplies division rose 7.7% to Aus$390m (£195m).Sales at Coles’ department store chains Target and ...
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Metro posts a 5.2% increase in net income
Grocer Metro Inc posted a 5.2% increase in net income to C$80.3m (£47m) for the second quarter to March 13.Sales climbed 1.1% to C$2.6bn (£1.52bn) while same-store sales declined 0.7% due to deflation in certain product categories.The Canadian retailer launched its Metro & Me loyalty card in the Québec City ...