All Grocery articles – Page 592
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AnalysisCan Rewe Group continue its scale of sales growth?
German-based retailer Rewe Group passed the €50bn (£41.5bn) sales threshold for the first time last year. Total sales reached €50.91bn (£45.9bn) in the 2009 financial year - 2.7% up on the previous year. The number of stores increased 5% over the same period.Rewe’s sales clearly outperformed the overall market, with ...
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OpinionDo retail leaders need retail experience?
The attack by Sir Ken Morrison on Marc Bolland was interesting for the fact that the life president of Morrisons could not get over his former chief executive not being a retailer, says Moira Benigson
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News
Spinneys close to deal to open hypermarkets in Libya
United Arab Emirates-based retailer Spinneys is close to signing a deal to open two hypermarkets in Libya. Spinneys chief executive Michael Wright said: “The next market we will be entering is Libya, where we have an arrangement on the table. The first hypermarket should be open by the end of ...
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News
Atlantic sales down 18.5%
Supermarket chain Atlantic posted an 18.5% sales decrease to €106m (£88m) in the first quarter of 2010, while net losses increased from €2.4m (£1.9m) to €2.9m (£2.4m) year-on-year. Revenue in its retail outlets dropped 13.5%, while revenue in Atlantic’s wholesale business decreased 25.8% year-on-year.
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NewsCo-op share payout tops £50.4m
The Co-operative is to pay out £50.4m to its members in a share payout.
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NewsSainsbury’s like-for-likes slow
Sainsbury’s has reported like-for-like sales in its first quarter up 1.1% excluding petrol in the 12 weeks to June 12.
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NewsTesco’s UK performance hit by petrol prices and low food inflation
Tesco has reported UK like-for-like sales were up just 0.1% excluding petrol and VAT-adjusted in the 13 weeks to May 30, hit by rising petrol prices and low food inflation.
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NewsSainsbury's HR director steps down
Sainsbury’s HR director Imelda Walsh is to leave the grocer on July 16.