All Grocery articles – Page 643
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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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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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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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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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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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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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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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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.
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NewsSainsbury’s confident in future as profits rise
Focus on fundamentals and agility in fast-changing trading conditions helped Sainsbury’s notch up an 11 per cent profits rise and fourth consecutive year of like-for-like growth.
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NewsWhistleblower ‘despaired’ about direction M&S taking
The former Marks & Spencer employee who leaked an internal memo to The Times detailing plans to slash redundancy pay did so because he “despaired” about the direction the retailer was taking.
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NewsMorrisons chief executive Marc Bolland’s salary rises 13 per cent
Morrisons chief executive Marc Bolland has been awarded a 13 per cent increase in his base salary to £800,000.
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NewsAldi to create 650 jobs in Ireland
German discount grocer Aldi will create 650 jobs in the Republic of Ireland over the next three years as it continues apace with growth plans.
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NewsTesco stores hit by till computer glitch
Tesco is reported to have been hit by till problems at 67 stores following a glitch caused by its overnight price changes process.
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NewsConsumer confidence falls as unemployment concerns grow
Consumer confidence has fallen nine points since last October, according to figures from the British Retail Consortium and Nielsen.
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NewsFood price inflation falls
Food prices fell 1.2 per cent from March to April and were up 7.6 per cent on the previous year. The year-on-year rise was the slowest increase so far this year, suggesting food inflation may have finally peaked.According to the Verdict monthly Food Price Tracker, year-on-year inflation in April was ...
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OpinionNew era of supermarket loyalty wars?
Tesco has led the charge on loyalty cards. Will its Clubcard relaunch next week win it back customers from competitors Asda, Sainsbury’s and Morrisons?