All Grocery articles – Page 591
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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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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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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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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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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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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.
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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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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 ...