All Grocery articles – Page 615
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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.
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NewsWaitrose hires celebrity chefs as ‘food ambassadors’
Waitrose has hired celebrity chefs Delia Smith and Heston Blumenthal to act as food ambassadors for the brand.
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NewsRWC2010: Charlie Mayfield warns against expecting quick recovery
John Lewis Partnership chairman Charlie Mayfield opened the Retail Week conference this morning with a warning that retailers need to be careful of a false dawn in the economy.
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NewsAsda starts price war on IVF drugs
Asda is starting a price war on IVF drugs in an attempt to become the UK’s most competitive pharmacy.
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News
Food inflation hits three-year low
A fall in fresh food process has pushed annual food inflation down to a three-year low of 1.3% in February, according to the British Retail Consortium Shop Price Inflation report.
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NewsThresher franchisees to negotiate with landlords on shops
First Quench administrator KPMG is offering the majority of the Threshers franchisees the chance to negotiate directly with landlords for new leases on their shops.
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NewsTesco market share up as it piles pressure on Asda
Tesco’s Clubcard double points scheme has helped the market leading grocer take share from arch-rival Asda, the latest till roll data shows.
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NewsM&S sets out plan to become world's most sustainable retailer
M&S has launched a drive to become the world’s most sustainable retailer by 2015, introducing a raft of new commitments under its ethical Plan A programme.
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News
Loblaw net income up 19.3%
Loblaw reported that net income soared 19.3% to C$550m (£309m) for the financial year to January 2, 2010. Total sales declined 0.2% to C$30.8bn (£17.3bn) while same-store sales slid 1.1%.Executive chairman Galen Weston said: “As we enter 2010 we continue to expect sales and margins to be challenged by deflation ...