All Grocery articles – Page 624
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NewsTesco continues to invest in Fresh & Easy
Tesco is continuing to invest in its US Fresh & Easy shops, despite it saying it had put its expansion in northern California on hold.
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News‘Recovery hopes premature’ as August UK retail sales fall
UK retail like-for-like sales fell 0.1% in August as shoppers stayed away from the high street due to very wet weather, casting doubt on early economic recovery hopes.
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OpinionMajestic toasts new customers
Majestic Wine has switched its minimum order policy, and the move — along with its customer service proposition — is likely to bring in new customers.
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NewsSainsbury’s boss Justin King insists he will remain at the grocer
Sainsbury’s chief executive Justin King has reaffirmed his commitment to the grocer, and dampened speculation he will move to head up Marks & Spencer.
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NewsTesco criticised for offering CT health scan vouchers
Radiation risks from X-rays has led to criticism of Tesco’s promotion of vouchers for CT health scans through its Clubcard loyalty scheme.The Society of Radiographers said the Lifescan promotion, billed as helping to detect tumours and other illnesses, is “inappropriate” and does not make the risks from radiation exposure clear.Spokesman ...
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NewsJohn Lewis reports strong bank holiday trade
John Lewis reported an upbeat weekly trading report, helped by new product lines in home and fashion.
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News
Cencosud reports a 16% decrease in net sales
Grocery retailer Cencosud reported a 16% decrease in net sales to CLP1.24 trillion (£1.38bn) in its second quarter.The retailer was knocked by the financial crisis and adverse exchange rates in the international markets where it operates.Meanwhile, rival Falabella reported CLP832.8bn (£924.2m) sales for its second quarter, 7.8% lower than the ...
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Lianhua records a 2.2% growth in turnover
China’s largest grocer, Lianhua, recorded a 2.2% growth in turnover to CNY10.98bn (£984.5m) in the first half of the year. However, the impact of the financial crisis and a slump in consumer goods prices meant that same-store sales fell 1.7%.Net profit was up 10% to CNY250m (£22.4m). The group continued ...
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NewsEntries open for Oracle Retail Week Awards 2010
The deadline for entries to the 2010 Oracle Retail Week Awards, the biggest event in the retail calendar has been extended to November 6.
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News
Casino’s first-half net profits hit €231m
French grocer Casino’s first-half net profits hit €231m (£203.5m), up from €229m (£201.8m) in 2008, while operating profit fell 9.1% to €488m (£430m).The retailer now expects to have implemented a €1bn (£881.1m) asset disposal programme by the end of next year. It also plans to strengthen its appeal by developing ...
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NewsMarket wobbles but positive signs abound
The market was hit by a bout of nerves following the recent bull run and the FTSE 100 suffered its biggest loss of value in two months. General retailers performed slightly below the market but food groups, which have frequently been out of favour lately, remained almost flat.
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NewsClubcard will allay Tesco doubts, says broker
Broker ING has upgraded Tesco ahead of next month’s interim results, despite concern among some analysts that the grocer is suffering at the hands of resurgent rivals.
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NewsAnalysts welcome Majestic Wine changes
Majestic Wine revealed on Monday that it was reducing its minimum order size to six bottles after a trial in selected stores over the past year.
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NewsMusgrave pushes broadband to unite its partners
Musgrave Retail Partners GB will encourage owners of its Londis and Budgens stores to adopt a broadband network it has trialled in a number of company-owned stores.
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News
Carrefour reports larger than expected loss
Carrefour has reported a larger than expected €58m (£51.1m) loss in its first half, compared with a €747m (£655.7m) profit a year earlier.The grocer plans to spend as much as €600m (£528.8m) on discounts and marketing this year to improve sales in France. Revenue fell 1.6% in the first half ...
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OpinionLessons from the highly evolved
Species evolution has a lot to teach us when it comes to developing businesses, says Mark Price
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NewsTesco enlists former shoplifter to help with in-store crime
Tesco has enlisted a former professional shoplifter to give the grocer advice on how to stay ahead in terms of crime in its stores.
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OpinionAsda's George hits the Christmas spot
Asda has unveiled a glamorous and stylish range for Christmas from its clothing brand George. But the collection also shows how far the value fashion retailer has come in terms of quality.
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NewsM&S on verge of appointing headhunter for chief executive search
Marks & Spencer is on the verge of appointing a headhunter to begin its search for a new chief executive to replace Sir Stuart Rose next year.
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NewsMore retailers expected to go bust in 2010
The number of retail businesses going bust is set to continue next year as rising unemployment is expected to continue to impact consumer spending.