All Grocery articles – Page 636
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NewsCOO parachuted in to steady struggling Threshers owner
A new chief operating officer has been parachuted in to troubled Threshers owner First Quench Retailing, replacing its IT and central operations directors, who have both left the business.
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NewsIceland profits skyrocket as it sidesteps recession
Iceland chief executive Malcolm Walker has declared that the retailer is “not taking part” in the recession after revealing record sales and profits.
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News
X5 moots expansion into Ukraine
X5, the largest grocer in Russia, is considering expanding in Ukraine.Group chief executive Lev Khasis said X5 is looking at a “big” merger, which would lead to the issue of new shares. He said the initiative in the country is a “theoretical opportunity” and the retailer has not made any ...
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NewsStrong Morrisons update met with caution
Morrisons has unveiled robust trading in its first quarter, with “sales growth well ahead of the market”, it claimed.
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AnalysisNew Wal-Mart chief Mike Duke: ‘This is our time’
Changing consumer habits create opportunities, new Wal-Mart chief Mike Duke believes – but the retailer can’t afford to be complacent. George MacDonald reports from the US
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Comercial Mexicana considers debt for equity swap
Mexican supermarket group Comercial Mexicana is considering a debt for equity swap as part of discussions with its creditors. In October the retailer defaulted on its debt after being hit hard in the global downturn.Comercial Mexicana has been attempting to strike a deal without selling key assets or giving up ...
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OpinionTesco still a dab hand
After Morrisons’ first-quarter update last week, Tesco and Sainsbury’s post their numbers on Tuesday and Wednesday respectively and they should make for compelling reading.
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News
Possible expansion into Russia for Wal-Mart
Wal-Mart International chief Doug McMillon has said the retailer is pursuing a variety of options to enter Russia.A delegation from Russia attended the retailer’s associates’ meeting last week and McMillon said Wal-Mart could proceed by acquisition or by opening its own stores, but no time frame has been set. “We ...
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Vishal Retail opens hypermarket in Gondia
Indian retailer Vishal Retail has opened its first hypermarket in the country, in Gondia, western India.The large format store covers more than 10,765 sq ft, selling various brands. The retailer plans to open a second hypermarket in Jalandhar, Punjab this month.Separately, a fire broke out at Vishal Retail’s 300,000 sq ...
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Rewe increases sales
Grocery group Rewe increased group-wide retail sales by 10.5 per cent to €49.8bn (£42.9bn) in 2008, it revealed this week, with EBITDA up 8.5 per cent to €1.34bn (£1.15bn).It recorded growth both in its German home market and abroad, but contributions from overseas operations were particularly strong. Sales increases were ...
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NewsFood prices continue to fall
Food prices fell for the second month in a row as promotional levels within the grocery sector soar.
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NewsPark Group profits soar
Christmas savings specialist Park Group has revealed robust full-year profits and said it is “holding firm” in a difficult climate.
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NewsTesco bank unveils new Edinburgh headquarters
Tesco has opened its retail bank’s new headquarters in Edinburgh, which was yesterday hailed as a vote of confidence for the embattled Scottish financial sector.
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NewsSainsbury’s freezes bonuses for executives
Sainsbury’s has imposed a bonus freeze on its executives as it was revealed that boss Justin King took home £5m last year.
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NewsWal-Mart designates Asda international centre of marketing excellence
Wal-Mart has designated Asda its international centre of marketing excellence. The UK retailer will act as a global marketing academy for Wal-Mart under the leadership of Rick Bendel.
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NewsDirectors take home less at Sainsbury's
Sainsbury’s chief executive Justin King’s total remuneration fell 6 per cent last year.
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NewsAsda kicks off schoolwear price war
George at Asda has kicked off a school uniform price war, offering a complete uniform for £4.75.
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NewsAuditor voices doubt over Threshers future
Auditor Ernst & Young has voiced doubts over the ability of off-licence chain Threshers to continue as a going concern as it responded to parent company First Quench’s annual report.
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NewsProduct of the Year logo recognised by half of UK consumers
The Product of the Year logo has experienced a “dramatic” rise in awareness levels among UK consumers.
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OpinionIs Andy Bond the man for M&S?
Andy Bond has proven at Asda that he has the skills and experience to take on the top spot at Marks & Spencer, but would he take the role?