All Grocery articles – Page 633
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News
X5 Retail to slash prices after Vladimir Putin visit
X5 Retail is slashing prices after Prime Minister Vladimir Putin scolded its bosses on a visit to one of its Perekryostok supermarkets.Putin said the retailer, which is Russia’s biggest grocer, was charging too much for sausages and meat in front of astounded shoppers. X5 has since announced a “grand Sale”, ...
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NewsAsda trials system to hone merchandising
Asda has successfully completed testing and user acceptance of a store and merchandise planning system from Galleria Retail Technology Solutions.
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News
Meijer to test a smaller format grocers in Chicago suburb
Meijer is to test a smaller format grocery-focused shop in the Chicago suburb of Niles.The 102,000 sq ft shop is about half the size of most Meijer supercentres and will open in the first quarter of 2010. Alongside grocery, it will also have a pharmacy and some general merchandise. The ...
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News
Colruyt’s pre-tax profits rise
Discount grocer Colruyt’s pre-tax profits rose 8 per cent to €549m (£467m) in the year to March 31, missing forecasts of €559m (£475m). Total sales increased 11.2 per cent to E6.3bn (£5.35bn), in line with forecasts.The retailer said: “Despite the economic crisis the Colruyt Group continues to invest in future ...
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NewsEast of England Co-op to sell non-food stores
The East of England Co-operative Society is to sell the majority of its non-food stores as it seeks to offload most of its department and home stores business to Vergo Retail.
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NewsCredit insurance woe hits stock at Threshers
Threshers owner First Quench Retailing is understood to be sourcing stock from the grey market after its supply chain was interrupted by the reduction of credit insurance to some of its suppliers.
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GallerySainsbury’s at Gloucester Quays is more than just a green store
Another day, another eco-store. Except it isn’t. Sainsbury’s new Gloucester Quays store is good-looking too. John Ryan visits
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News
Sobeys reveals net profit hike
Grocer Sobeys has revealed a net profit hike of 21.1 per cent to C$226m (£118m) in the year to May 2.Like-for-like sales increased 5.2 per cent while total sales climbed 7.2 per cent to C$14.76bn (£7.7bn) as a result of new stores and extensions, as well as sales and ...
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News
Wesfarmers sells shops and supermarkets
Wesfarmers has sold 45 of its Coles supermarkets and eight Liquorland shops to independent grocer FoodWorks.The deal will reduce Wesfarmers’ costs and allow it to invest in other Coles stores. FoodWorks, which now has 750 Australian stores, paid around Aus$35m (£17m).The shops sold generated a combined annual turnover of around ...
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NewsKmart cuts prices for the unemployed
US retailer Kmart has launched a money-off programme for the jobless in its original home state of Michigan.
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NewsTesco ‘considers Northern Rock bid’
Tesco is reported to be considering buying nationalised bank Northern Rock ahead of the next General Election.
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NewsTesco refutes global trade union claims
Tesco has refuted claims from an international trade union which criticised the grocer’s employment practices in some of its overseas markets.
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NewsStock concerns for Threshers franchisees
Some franchisees of troubled off-licence chain Threshers have revealed that they are not receiving stock.
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NewsM&S shareholder backs Sir David Michels to replace Sir Stuart Rose
Marks & Spencer shareholder the Local Authority Pension Fund Forum (LAPFF) is backing Sir David Michels to replace Sir Stuart Rose as the retailer’s chairman.
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OpinionThe supermarket cyberspace war
Sainsbury’s, Asda and Tesco are all ramping up their grocery websites in an attempt to make them more interactive for customers. Sainsbury’s seems to have the edge, but what will its rivals do to catch up?
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NewsMarks & Spencer launches pick ’n’ mix sweets
Marks & Spencer will take advantage of the demise of Woolworths by launching a pick ‘n’ mix sweets range in 100 shops from September.
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NewsMorrisons to open a farm
Morrisons has teamed up with the Scottish Agricultural College to open a farm at Dumfries House in East Ayrshire.
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NewsJohn Lewis celebrates ‘excellent’ sales week
John Lewis department stores put in their best sales performance of the year so far last week when turnover rose 2.2 per cent.
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News
Schwarz Group fastest riser according to Planet Retail
Discount grocers are continuing their march on the competition, with Lidl owner Schwarz Group being the fastest riser in Planet Retail’s Top 20 Grocery Retailers 2008.Schwarz jumped from ninth to fifth place last year as the global downturn continues to accelerate growth for discount chains.The research also revealed that the ...
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NewsAsda drives non-food shopper ratings online
Asda intends to ramp up its use of customer ratings and reviews for its non-food ranges sold online.