All Grocery articles – Page 651
-
News
Dixy Group reveals net losses
Discount food retailer Dixy Group revealed that net losses last year were RUB324m (£6.6m) compared with a RUB429m (£8.7m) profit in 2007.The losses were mainly due to foreign exchange losses following the rouble’s decline against the dollar-denominated debt in its credit portfolio, amounting to RUB1.07bn (£21.7m).It was also hit by ...
-
News
Woolworths expects profit rise
Food and general merchandise retailer Woolworths expects a 20 per cent rise in full-year profits on the back of the sale of its stake in Woolworths Financials Services.The said its profit growth was aided by the R380m (£28.9m) it made from the sale of its stake. Woolworths is bucking the ...
-
News
Heron Frozen Foods sales jump but profits take a hit
Grocer Heron Frozen Foods has revealed a slide in its full-year pre-tax profits.
-
NewsSainsbury’s on TV
Sainsbury’s chief executive Justin King has let four shopfloor staff loose in the grocer’s boardroom for a new Channel 4 TV programme called I’m Running Sainsbury’s, which starts next Tuesday at 9pm.
-
NewsCompetition Commission to update on ombudsman at end of June
The Competition Commission is expected to update the industry on the proposed grocery ombudsman at the end of June, as the deadline for responses on the consultation concludes today.
-
NewsRetail sales fall in year to May
Retail sales fell again in the year to May after remaining broadly flat in April.
-
NewsMoody’s downgrades outlook on Tesco
Credit rating agency Moody’s has downgraded its outlook on Tesco to negative over concerns about levels of debt in the business.
-
NewsChapter 11 provisions take shine off Ahold’s US performance
International grocery group Ahold has reported that its US chains Stop & Shop and Giant-Landover delivered their best like-for-like performance “in many years” during the first quarter.
-
NewsWaitrose improves growth
Waitrose is showing signs of combating recessionary pressures with growth increasing to 4 per cent in the 12 weeks ending May 17, following the launch of its value line Essential.
-
NewsTesco chief Sir Terry Leahy takes pay cut
Tesco chief Sir Terry Leahy took a £370,000 cut in his pay and bonus package last year after the US business failed to hit some targets.
-
NewsWaitrose launches campaign for Essential range
Waitrose has today launched a direct marketing campaign to promote its recently-launched value range Essential Waitrose.
-
NewsTesco clothing boss registers new fashion website
Tesco’s clothing boss Terry Green has registered a fashion website for the company which he mentored as part of a student project.
-
NewsHouseholds £3 a week better off last month, according to Asda
The average UK family was £3 a week better off last month compared to the same period in 2008, according to a survey from grocer Asda.
-
NewsTesco staff share £98m in bonuses
More than 207,000 Tesco staff are to share £98m in bonuses after the grocer’s recent record results.
-
OpinionEra of transparency for retailers?
Asda’s Andy Bond says grocers need to be more transparent, so how can they use social networking sites to improve their customer relationships?
-
NewsColes scores another UK hiring
Australian grocer Coles has snapped up another UK stalwart with the appointment of former Boots group financial controller Tony Buffin as its finance director.
-
NewsJohn Lewis Partnership sales up
John Lewis Partnership recorded a 2.8 per cent sales rise in the week to May 16.
-
NewsAsda chief Andy Bond heralds a ‘new era of consumer power’
Asda chief executive Andy Bond has heralded a “new era of democracy” as consumers now shape the way retailers do business.
-
NewsBody Shop drafts in former Sainsbury’s director
Eco-friendly cosmetics giant Body Shop is understood to have appointed a former Sainsbury’s rising star for a top role.
-
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 ...