All Supermarkets articles – Page 264
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NewsTesco launches first social networking site
Tesco has launched a social networking site aimed at people taking part in or supporting Cancer Research UK’s Race for Life.
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NewsTesco tops £3.4bn profits
Tesco has recorded a 10.1% increase in underlying pre-tax profit to £3.4bn in its full year results, in line with City estimates.
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NewsSainsbury’s hits convenience store target
Sainsbury’s has hit its first year convenience store target as it seeks to build further the convenience side of the business.
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NewsOrganic food sales hit during the recession
Sales of organic food and drink plummeted 12.9% last year as cost-conscious shoppers turned their backs organic products with higher price points.
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NewsFood price war erupts as retailers target family-focused Easter spend
Waitrose’s Delia Smith and Heston Blumenthal-inspired recipe campaign has sparked an early Easter price war among the grocers as the supermarket chains attempt to capitalise on family meal sales over the long weekend.Waitrose confirmed that it sold as much rhubarb in one weekend as it would expect to sell in ...
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NewsSainsbury’s doubles size of ‘carbon-negative’ store
Sainsbury’s has opened a store extension in Durham today which although increasing the building’s square footage by 50% has at the same time reduced the amount of energy it uses by 10%.
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NewsSupermarket profile key for thriving Co-op
The Co-operative Group is to focus on building its profile in the small supermarkets sector, after it revealed underlying group operating profit surged 20% to £473m in the year to January 2.
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NewsPromotions not easing, says Sainsbury’s Justin King
Sainsbury’s chief executive Justin King has said there is “no sign yet that the level of promotions have tailed off” across the big four grocers.
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NewsRetail sales grow for second consecutive month
Retail sales have grown for the second consecutive month, and growth is expected to continue at a similar pace through Easter, according to the CBI Distributive Trades Survey.
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NewsOcado narrows operating losses as sales rise
Ocado has narrowed its operating losses and increased its gross sales by a quarter to £427.3m in the year to November 29.
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NewsWaitrose's Delia and Heston ads break on Sunday
Waitrose’s debut ad starring celebrity chefs Delia Smith and Heston Blumenthal will break at lunchtime on Sunday.
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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.
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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.
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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.
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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.
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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.
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NewsSainsbury’s considers sale and leasebacks to back expansion
Grocer mulls funding options to support aggressive growth plans in non-food and convenience
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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.
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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.
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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.