All Grocery articles – Page 649
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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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News
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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News
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?
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NewsMarks & Spencer directors miss out on bonuses
Marks & Spencer executive directors, including chairman and chief executive Sir Stuart Rose, all went without bonuses and pay rises last year after pre-tax profits at the retailer fell 40 per cent.
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NewsWarm weather brings mixed fortunes for John Lewis Partnership
John Lewis had a tough week last week as the warm weather hit footfall and sales at its stores.
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NewsMay like-for-like sales hold up
Retail sales dipped again in May, after growing in March and April.
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News
Future of Arcandor remains unclear
The future of Karstadt owner Arcandor remains unclear after rival group Metro proposed that it acquire and merge Karstadt’s stores with its own Kaufhof fascia.But Arcandor chief executive Karl-Gerhard Eick remains confident of a state-backed solution after lobbying for a €650m (£564m) loan. Arcandor argues that Metro’s idea could cost ...
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NewsMarks & Spencer Westfield London makeover as big-ticket sales struggle
Marks & Spencer is expected to begin a realignment of its Westfield London store, reflecting the challenges retailers have had selling furniture and groceries in the centre.
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NewsRetail stocks rebound but City still cautious
Has the rally in general retail stocks run its course? That’s what one leading broker said, despite the sector rebounding this week after three weeks of decline.
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OpinionRed tape has gone too far
Heavy-handed legislation on selling alcohol asks retailers to police drinking, says Iceland chief executive Malcolm Walker