All Grocery articles – Page 602
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NewsSainsbury's and Asda set up youth training schemes
Sainsbury’s and Asda are setting up training schemes to push food as a career choice to young people.
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NewsRetail sales ahead 2.2% in February
UK retail sales grew 2.2% on a like-for-like basis in February, according to the British Retail Consortium (BRC).
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NewsGovernment mulls imposing VAT on food
Government could begin charging VAT on food as a means of reducing the national defecit.
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AnalysisMark Price: Leader of the pack
Named Retail Leader of the Year at last night’s Oracle Retail Week Awards, Mark Price has transformed Waitrose.
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News
Big C sales up 1.5%
Local grocery operator Big C has posted retail sales up 1.5% in 2009.Operating profit at the Casino-owned group jumped 19.8%, while net profit climbed 16.3% to Bt1.07bn (£21.8m) and net sales rose 1.1% to Bt68.06bn (£1.39bn).The retailer said the performance was driven by better purchasing conditions, cost savings and the ...
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News
Woolworths H1 profits up
Woolworths posted an 11.4% increase in first-half net profit to Aus$1.09bn (£654.2m).The Australian retailer is planning an Aus$400m (£240.1m) share buyback, which it described as a modest start to capital management, now that the worst of the economic turmoil has passed.Woolworths forecast sales growth in the upper single digits, marking ...
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NewsWaitrose targets £10bn sales
Managing director Mark Price on a mission to remain fastest-growing grocer and grab market share
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News
Carrefour to close 21 Belgian stores
Carrefour plans to close 21 stores in Belgium and cut 1,672 jobs in the country.14 of its 56 Belgian hypermarkets and seven of its 378 Belgian supermarkets will close by June 30. An additional 30 stores will be sold. In total, nearly a third of the hypermarkets and nearly half ...
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News
ITM sales reach €34bn
Sales at grocery group ITM hit €34bn (£30.8bn), including petrol, for the 2009 financial year.In France, its Intermarché chain achieved sales growth of 1.5%. Globally, excluding petrol and its industrial production facilities, it increased sales 0.7% to €25bn (£22.7bn), and expanded its total sales area by 1.94 million sq ft.ITM ...
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News
Soriana sales down 5.5%
Mexican grocery retailer Soriana posted a like-for-like sales decline of 5.5% in its 2009 financial year.Net consolidated profit soared 66.4% to MXN2.9bn (£152.4m) against 2008, while net sales fell 4% to MXN91.8bn (£4.8bn). During the period, the retailer managed to make savings of MXN1bn (£52.6m) through its efficiency plan.By the ...
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OpinionDreaded needs test rears its head again
Yes, it’s election season and the Tories are going for the populist planning vote with their new Open Source Planning green paper.
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NewsGeorge at Asda to push multichannel and overseas growth under new boss
George at Asda is expected to concentrate on value, multichannel operations and international growth when its new managing director Andrew Moore takes the helm next month.
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News
Hotel Chocolat outlines growth plan
Hotel Chocolat is to open between 10 and 15 stores this year, after reporting a strong start to the year with like-for-like sales up 14% in January.
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NewsTesco and M&S warn on need for transparent sourcing in fashion
Tesco clothing chief Terry Green has warned that fashion retailers must make the provenance of their product transparent because offering value is not enough for today’s customers.
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News
Harvey Norman profits up
Non-food retailer Harvey Norman reported that net profit in the six months to December 31 rose to Aus$158.9m (£95.4m) from Aus$99.3m (£59.6m) the year before.Profit from continuing operations soared 47% to Aus$237.8m (£142.7m). Consumer electronics performed strongly, despite the unwinding of one-off government stimulus cheques paid to consumers at the ...
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News
Interest in Tesco shares strong
US investor Warren Buffett raised his stake in Tesco to 3% this week, prompting a 3.2% rise in the grocer’s share price to 433p on Monday.
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NewsRWC2010: Amazon rules out stores and grocery offer
Amazon UK has ruled out opening stores and offering food “for the foreseeable future”, its managing director, Brian McBride, has told the Retail Week Conference.
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NewsSouth African president to tour Sainsbury’s
The South African president has asked for a tour of Sainsbury’s – the first time a visiting head of state has requested an official tour of a British supermarket.
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NewsRWC2010: Tesco aims to make F+F biggest global fashion brand
Tesco wants its Florence + Fred clothing range to be the biggest global fashion brand within five years, Tesco chief executive of clothing Terry Green told Retail Week Conference delegates.
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NewsRWC2010: Rose raises prospect of very different M&S under Bolland
Marc Bolland is “absolutely the right man” to become chief executive of Marks & Spencer, executive chairman Stuart Rose insisted, hinting that the retailer may be poised for a period of radical change.