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All Grocery articles – Page 507
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News
Pick n Pay extends sale deadline by two months
South African retailer Pick n Pay has extended the deadline for the sale of its supermarket banner Franklins to Australia’s third-largest grocer, Metcash, by two months.The sale has been opposed by the the Australian Consumer and Competition Commission due to concerns it would lessen competition in Franklins’ operating region.
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News
Grocer Coles reports fourth quarter sales increase
Grocer Coles reported fourth quarter sales of Aus$6.2bn (£413.6bn), up 5.2% like-for-like. Store development and operations director Stuart Machin said continued rises in the cost of living have made customers watch how they spend their money more closely. “Our lower prices and our ‘down down’ campaign has been well received ...
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News
Grocery retailer Spar launches pilot convenience store
Grocery retailer Spar has launched a convenience store pilot intended for busy inner city locations in Vienna. The 2,690 sq ft store is located right in Babenbergerstraße 9, and employs a staff of 22.The new concept is called Food in the City and offers takeaway food as well as fresh ...
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NewsTesco to test Fresh & Easy Express
Fresh & Easy, Tesco’s US operation, is to test smaller format Fresh & Easy Express shops later this year.
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AnalysisCrowd sourcing for retailers
Crowd sourcing can form the basis of brilliant marketing. Rebecca Thomson finds out how retailers can use their customer base to inform their campaigns
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NewsFood inflation slows in July
Food inflation slowed in July to 5.2% from 5.7% the previous month.
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NewsLandsbanki director takes seat on Iceland board
Gunnar Sigurdsson, former managing director of collapsed Icelandic retail group Baugur, has been asked to stand down from the board of Iceland Foods so Landsbanki can take full control of the sale of its stake in the retailer.
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NewsHeadwinds slow Thorntons strategy
Broker FinnCap has slashed its forecasts for Thorntons following the chocolatier’s strategy and trading update earlier this month.
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AnalysisCrunch time for the grocers
Shoppers have been cutting back on discretionary items but now even food volumes are declining. Jennifer Creevy reports on how supermarkets are having to adapt to this unfamiliar environment
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NewsWaitrose to try fashion at Canary Wharf store
Upmarket grocer Waitrose is to make a play for fashion as it launches its first clothing offer in its Canary Wharf store in London as part of plans to ramp up its non-food ranges.
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NewsStakebuilding raises Blacks’ share price
The market edged up over the week but retailers of all types were becalmed.
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NewsGroceries Code of Practice to be strengthened
The Business, Innovation and Skills Committee has outlined the need for a supermarket ombudsman and proposed strengthening the Groceries Code of Practice.
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NewsRetail employment falls as non-food stores cut staff
Retail employment fell 0.4% in the second quarter of this year, equivalent to 3,100 fewer full-time jobs.
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NewsCo-op launches sandwich designing competition
The Co-op is launching a competition for customers to design a sandwich to go on sale in stores nationwide.
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NewsWithdrawal of court action clears way for Musgrave's Superquinn deal
The door has been opened for Irish retailer Musgrave to go ahead with its acquisition of bust counterpart Superquinn after court action was abandoned.
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News
Rewe Group in negotiations with Conad
German grocer Rewe Group is negotiating with Conad about the disposal of large parts of its loss-making Billa supermarket and superstore division in Italy.Besides Conad, Rewe Group’s partner in the Coopernic buying alliance Coop Italia is also reported to be interested in the 190-store network.Billa in Italy recorded a sales ...
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News
Grocery chain Woolworths posts sales increase
Grocery chain Woolworths posted a 4.7% increase in net sales to AUD54.1bn (£36bn) for its financial year ended June 26.Excluding fuel, sales rose 4.1%.Food and alcohol sales increased 4.6% to AUD36.18bn (£24bn) or by 3% on a like-for-like basis.The company said that its price knockdown campaign contributed to this growth.In ...
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News
Indian government panel recommends easing restrictions
An Indian government panel is said to have recommended easing restrictions on Foreign Direct Investment in Indian retail, which could allow international companies to own as much as 51% of multichannel retailers if they invest a minimum of $100m (£61.3m). This would allow retailers such as Walmart and Carrefour access ...