All articles by Luke Tugby – Page 167
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NewsAlibaba unveils new chief executive as fourth-quarter sales jump 45%
Chinese ecommerce giant Alibaba has promoted Daniel Zhang to be its new chief executive as it reported a 45% jump in sales for its final quarter.
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NewsMorrisons boss Potts confident he can turn the 'British underdog' around
New Morrisons boss David Potts believes he has taken the reins of the “British underdog” in grocery, but is confident he can turn it around.
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NewsMorrisons sales fall in first quarter under Potts: What the analysts say
Morrisons’ like-for-likes fell 2.9% in its first quarter, its first trading update since David Potts took the reins at the grocer.
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VideoThe decline of grocery profit margins explained in 60 seconds
In the wake of Sainsbury’s full year financials, grocery reporter Luke Tugby explains the fall in profit margins for the big four.
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NewsSainsbury's falls to £72m full-year loss: What the analysts say
Sainsbury’s plunged to a £72m pre-tax loss for the 2014/15 year, driven by falling sales and property writedowns. This is what the analysts said.
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News'Business as usual' for Sainsbury's boss Coupe despite Egypt legal saga
Sainsbury’s boss Mike Coupe has insisted it is “business as usual” despite having a two-year Egyptian jail term hanging over his head.
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NewsSainsbury's finance boss says 3% grocery margins will be the new norm
Sainsbury’s chief financial officer John Rogers believes margins in the grocery sector will “stabilise” at around 3% in the next few years.
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NewsSainsbury's hit by £72m loss but Coupe hails 'encouraging signs' of growth
Sainsbury’s has slumped to a £72m statutory loss, its first for a decade, as the supermarket giant’s sales dropped amid a relentless price war.
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NewsTesco's audit committee chairman Ken Hanna to stand down in June
The chairman of Tesco’s audit committee, Ken Hanna, will leave the supermarket giant this summer as its board shake-up continues.
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NewsTesco rejects £4bn bid for South Korean stores from US private equity giant
Tesco has rejected a £4bn offer for its South Korean assets from an American private equity firm, it is understood.
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AnalysisSainsbury's full year: Five things to look for in the grocer's results
Supermarket giant Sainsbury’s will unveil its full-year results tomorrow. Retail Week highlights five key areas to look out for.
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NewsUS retailer RadioShack prepares to sell off data on 67 million shoppers
US electricals giant RadioShack is preparing to sell off data on millions of its customers as part of bankruptcy proceedings.
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NewsSainsbury’s boss Coupe’s legal wrangle to drag on after second adjournment
The Egyptian legal saga involving Sainsbury’s boss Mike Coupe will drag on after a court hearing to appeal his conviction was adjourned for a second time on Sunday.
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NewsInfographic: Sunny weather boosts sales at Waitrose and John Lewis
Sales at John Lewis and Waitrose rose last week after sunny weather helped seasonal goods fly off the shelves at both retailers.
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NewsWalmart to accelerate Chinese expansion with 115 new stores by 2017
US retail giant Walmart is accelerating its expansion in China after revealing plans to open 115 new stores over the next three years.
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NewsEx-Sainsbury's boss Justin King also faces prosecution in Egyptian saga
Former Sainsbury’s boss Justin King faces prosecution in Egypt in a fresh twist to the saga that has engulfed the grocer’s doomed expansion into north Africa.
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NewsMorrisons brings back staffed express checkouts as service drive continues
Morrisons boss David Potts has re-introduced staffed express tills in all its supermarkets in his latest bid to improve customer service.
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NewsHome Retail profits jump 14% as Homebase outpaces Argos: What the analysts say
Homebase has outpaced Argos in terms of sales growth to drive parent company Home Retail’s group profits up 14%. This is what the analysts said.
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NewsThorntons sales drop despite 'positive' Easter and Valentine's Day trading
Thorntons retail sales dropped 5.4% during the third quarter, despite “positive” trading in the build-up to Valentine’s Day and Easter weekend.
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NewsSainsbury’s boss Coupe sentenced to two years in Egyptian jail
Sainsbury’s chief executive Mike Coupe has been sentenced to two years in an Egyptian jail after being dragged into a bizarre embezzlement case.