All Supermarkets articles – Page 262
-
NewsFormer Baugur boss to launch low-cost supermarket in UK
Former Baugur executive chairman Jon Asgeir Johannesson is plotting to launch a low-cost supermarket called Best Price in the UK.
-
NewsVAT on food ‘could cut grocers’ profits by 16%’
The imposition of a 5% rate of VAT on food could hit the three quoted grocers’ operating profits by up to 16%, says broker Bernstein.
-
NewsCo-op reports bumper profits, lifted by Somerfield acquisition
The Co-operative Group has reported underlying operating profits up 20% to £473m, buoyed by its acquisition of Somerfield.
-
NewsSainsbury's bonus payouts to be brought forward
Bonus payouts for Sainsbury’s staff are to be brought forward to beat the introduction of the new 50% tax rate.
-
OpinionTesco’s dotcom model
Tesco is widely thought to be the only grocer to make a profit from its dotcom operation. And judging by the reaction from the City after analysts visited its dotcom-only store in Aylesford, Kent, on Friday, the grocer looks poised to widen the gap on its competitors.
-
NewsSainsbury’s considers sale and leasebacks to back expansion
Grocer mulls funding options to support aggressive growth plans in non-food and convenience
-
NewsGrocers pledge jobs and training to address youth unemployment
Grocers Tesco, Sainsbury’s and Asda have vowed to create more jobs, invest in more training and called on the Government to improve education.
-
NewsJohn Lewis Partnership pre-tax profits up 9.7%
John Lewis Partnership has reported pre-tax and bonus profits up 9.7% to £306.6m and staff shared a £151.3m bonus pot, 15% of salary.
-
NewsTesco clothing chief Terry Green replaced by Richard Jones
Tesco clothing chief Terry Green is to be replaced by the grocer’s head of non-food Richard Jones.
-
NewsMorrisons profits up 30%
Morrisons has reported pre-tax profits have hiked 30% to £858m, up from £655m, in its full year results ending January 31.
-
NewsSainsbury's and Asda set up youth training schemes
Sainsbury’s and Asda are setting up training schemes to push food as a career choice to young people.
-
NewsGovernment mulls imposing VAT on food
Government could begin charging VAT on food as a means of reducing the national defecit.
-
OpinionRetail's political struggle
The general election, already in full swing though yet to be declared, has been unsettling retail sector investors all year.
-
NewsMorrisons hopes England World Cup backing will drive footfall
Morrisons retail director Mark Gunter expects the grocer’s support of England’s FIFA World Cup 2018 bid to drive new shoppers to its stores.
-
AnalysisAndy Bond: Asda is ready for battle ahead
Asda hasn’t become ‘boring’ and is approaching 2010 in an aggressive mood with a raft of new initiatives, chief executive Andy Bond tells Jennifer Creevy
-
NewsAsda promotes Andrew Moore to George MD
Asda has promoted Andrew Moore to the position of managing director for its clothing brand George.
-
News
Customer satisfaction with top retailers improves
Customers’ satisfaction with retailers improved for the first time after three quarters of small declines, according to the National Customer Satisfaction Index.
-
NewsOcado appoints former Reuters director as non-exec
Ocado has lined up former finance director of Reuters David Grigson as a senior non-executive director.
-
NewsAsda income tracker: UK family no better off in January than last year
The average UK family was no better off in January than a year earlier, marking the second consecutive month where there was no change in discretionary income, according to the Asda Income Tracker.
-
NewsWhole Foods UK launches online offer
Whole Foods Market has launched an online grocery offer in the UK.