All Grocery articles – Page 634
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News
Belgian Delhaize to buy final stake in Greek Alfa-Beta
Belgian supermarket group Delhaize is to buy the outstanding 34.7 per cent stake in its Greek subsidiary Alfa-Beta.Delhaize said it would offer E30.50 (£26.88) a share. It became the principal shareholder of Greece’s second-largest food retailer in 1992.Delhaize chief executive Pierre-Olivier Beckers said he intends to operate Alfa-Beta with “no ...
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NewsClothing retailers benefit from April sales rise
Retail sales rose 3 per cent in value year on year during April and 2.6 per cent by volume, ONS data showed.
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NewsTesco re-elected to PCI Security Standards Council advisory board
Tesco has been re-elected to the PCI Security Standards Council’s Board of Advisors, after already having served a two year term.
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NewsM&S reveals new marketing tagline: ‘Quality worth every penny’
Marks & Spencer has unveiled a new marketing tagline – “Quality worth every penny” – to emphasise its value credentials and reputation for quality.
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NewsFormer M&S execs join Asda’s George
Asda has appointed two former Marks & Spencer executives to take up senior roles at its George clothing range.
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NewsMarks & Spencer launches transformation drive as profits plunge
Marks & Spencer has launched a transformation programme called 2020 – Doing the right thing, to be headed by finance director Ian Dyson.
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NewsAndy Bond to deliver BRC’s Annual Retail Lecture
Asda chief executive Andy Bond is to deliver the British Retail Consortium’s inaugural Annual Retail Lecture on Tuesday.
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OpinionFood retail’s outstanding leaders
The supermarkets have pursued very different tactics to navigate the recession, but their success derives from one common quality, which is a clear vision that comes right from the very top.
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NewsONS admits it has overstated sales volumes
The Office for National Statistics is to revise the way it calculates its much criticised official retail sales figures.The Government’s official statistical body said the net impact of the changes will be to revise down its estimates of sales volumes. There will be no impact on the assessment of sales ...
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NewsJohn Lewis celebrates best week of the year
John Lewis experienced its best week of the year in the seven days to May 9, with the beleaugered home sector leading the way. Overall, sales were down marginally by 0.4 per cent to £46.8m.
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News
Tesco thinks local to outrun global recession
It’s too early to call the end of the global recession, but it has stopped getting any worse. That’s the prognosis from Tesco international director Phil Clarke.
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News
Mercator suffers net profit drop
Mercator, the country’s largest food retailer, has suffered a first-quarter net profit drop of 30.8 per cent year on year to €6.4m (£5.7m), which it attributed largely to higher financing costs. Operating profit for the first three months of the year rose by 11.5 per cent year on year to ...
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AnalysisLearning from the best outside retail: McDonald’s, Unilever, Barclays and BT fight the recession
Retailers aren’t the only customer-facing businesses that are fighting the recession head-on. Joanna Perry learns how four leading companies from outside retail are tackling the downturn
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NewsDylan’s Candy Bar mulls UK stores
Iconic US sweet store Dylan’s Candy Bar is considering opening stores in the UK.
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News
Ahold posts strong first quarter net sales growth
Grocery giant Ahold posted strong net sales growth of 15.2 per cent to €8.7bn (£7.8bn) for the first quarter ending April 19, led by a strong performance in its core European and US markets. Its Albert Heijn chain generated net sales growth of 12.3 per cent to €3bn (£2.7bn). In ...
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NewsAsda to boost home shopping as sales soar
Wal-Mart-owned grocer Asda intends to test a “home shopping centre” designed to extend retail capacity in its busiest locations.
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News
Recession hits Musgrave profits
Musgrave, the group whose brands include Budgens, Londis and SuperValu, suffered a profits fall as the recession bit – particularly in its Republic of Ireland domestic market.The company, which works in partnership with independent retailers that use its symbol fascias, said “increased margin and cash flow support” to its partners ...
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NewsMorrisons launches drive to reduce customers’ food waste
Morrisons has launched its “Great Taste Less Waste” programme to reduce the amount of food waste its customers create.
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NewsJustin King says he is staying at Sainsbury’s
Justin King has said he has no intention of quitting Sainsbury’s, quashing persistent speculation that he is being lined up as the next chief executive of Marks & Spencer.
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NewsGreggs upbeat following strong Easter sales
Bakery retailer Greggs announced this morning that group sales in the 19 weeks to May 9 increased by 5.2 per cent, including like-for-like sales growth of 2 per cent.