All Grocery articles – Page 594
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News
Whole Foods Market sales increase of 13.1% in Q2
Whole Foods Market reported that sales rose 13.1% during its second quarter to reach $2.1bn (£1.4bn). Like-for-like sales rose 8.7%, while identical store sales, excluding four relocations, increased 7.7%. EBITDA rose 40% to $182.3m (£126.3m), while net income increased 91.3% to $67.4m (£46.7m).The retailer also announced that John Mackey will ...
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News
Walmart to accelerate its roll-out in India
Walmart plans to accelerate its roll-out of wholesale stores in India. Walmart India chief Raj Jain said the retailer plans to open 10 to 12 wholesale centres in India over the next two to three years, bringing forward an earlier target of five years.The move comes as real estate prices ...
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News
Tesco appoints chief executive officer of its Malaysian operations
Tesco has appointed Tjeerd Jegen as chief executive officer of its Malaysian operations. He replaces Chris Bush, who has taken over as chief executive of Tesco Thailand.Jegen will be responsible for all areas of the Tesco Malaysia business, from operations to marketing, finance and corporate affairs, across the division’s 33 ...
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NewsSainsbury's launches first TV ad for non-food website
Sainsbury’s has launched its first TV ad campaign for its non-food website.
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NewsIceland’s Malcolm Walker defends former Baugur boss Jóhannesson
Iceland chief executive Malcolm Walker spoken up for Baugur founder Jón Ásgeir Jóhannesson, who was forced to stand down as chair of the grocer yesterday.
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NewsAsda Q1 like-for-likes fall 0.3%
Asda’s like-for-like sales excluding VAT and petrol have fallen 0.3% in its first quarter and the grocer expects conditions to remain tough.
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NewsInflation hits 3.7% in April
Consumer price inflation (CPI) rose in the year to April to 3.7%, according to the Office for National Statistics.
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NewsAsda staff to pocket £47m
Asda staff are to pocket an estimated £47m following the maturity of a three-year Walmart sharesave scheme.
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NewsBaugur boss stands down from Iceland board
Former Baugur boss Jón Ásgeir Jóhannesson has stepped down from the board of frozen food specialist Iceland and confirmed that he has also retired from the House of Fraser board after a $2bn fraud lawsuit was filed against him in the US.
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OpinionA new dawn
Grocery chiefs believe the forming of the new Government will calm shoppers’ nerves. But with taxes expected to go up, they will undoubtedly be slugging it out in non-food for the rest of the year.
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NewsSainsbury’s to expand stores in push for clothing market share
Sainsbury’s is aiming to lift its total share of the clothing market by volume from 10th to fifth place in four years.
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AnalysisCrisis in Greece hampers international retailers
International retailers such as Delhaize Group, which has seen almost double-digit growth every quarter for the past two years in Greece, will be watching the situation there closely.
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NewsWaitrose still UK’s fastest growing supermarket
Waitrose has reported like-for-like sales up 3.4% in the quarter to the end of April, maintaining its position as the fastest-growing supermarket in the UK.
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NewsUnion Market to open first store in July
The first Union Market - the farmers’ market-cum-supermarket run by a former Tesco executive and a former Whole Foods executive - will open in July.
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NewsMorrisons presses on with promotions as sales slow
Morrisons is to continue its promotional drive this year after revealing a steep slowdown in sales growth in its first quarter.
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News
A&P posts Q4 loss of £113m
Tengelmann-controlled A&P has announced its fourth-quarter and full-year results for the 12 and 52 weeks ended February 27, 2010.Fourth-quarter net loss was $171.4m (£113.85m), up 53% compared with the net loss of $112.1m (£74.46m) a year earlier. Overall sales fell 12.9% to $2bn (£1.33bn), while like-for-like sales were down 4.8%. ...
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NewsTesco loses to Sainsbury's in planning row
Tesco has lost out to Sainsbury’s in a ten-year planning row in Wolverhampton.
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NewsSainsbury’s profits ahead of expectations
Sainsbury’s has reported underlying pre-tax profit ahead of expectations up 17.5% to £610m in its full year results.
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News
ICA Group reports increased sales
Ahold’s ICA Group has reported increased sales and improved operating income for the first quarter of 2010.Net sales for the first quarter amounted to Skr22.72bn (£2.11bn), up 0.7% on the same period last year. At constant exchange rates, net sales grew 1.7%. Operating income amounted to Skr620m (£57.51m), up ...