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All Grocery articles – Page 540
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News
Whole Foods Market like-for-likes increase 7.1%
Grocery retailer Whole Foods Market has reported sales for the full year ended September 26 increased 12% to $9bn (£5.56bn), with like-for-likes increasing 7.1%. EBITDA increased 29% to $713.6m (£440.9m). These results included Federal Trade Commission-related legal costs of $2.5m, compared with $14.7m in the prior year and a gain ...
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News
Distribución y Servicio (D&S) to change its name to Walmart Chile
Grocery retailer Distribución y Servicio (D&S) is to change its legal name to Walmart Chile. The move will have to be ratified at the next company shareholder meeting, which will take place in late November. The decision will not affect the fascias that the retailer operates such as Líder, Ekono ...
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News
Walmart submits bid for Matahari hypermarkets
Walmart has reportedly submitted a bid for Indonesian retailer Matahari’s hypermart stores, joining regional competitor Lotte Shopping and private equity firm Carlyle Group.Although it is unclear whether Walmart has formally bid for the business, Reuters reports that the retailer has hired Barclays Capital to advise on the transaction, which could ...
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News
Metro to add smaller stores in Asia
Metro Group-owned Metro plans to add more city centre cash and carry outlets in Asia. The centrally located stores will be smaller, with only about a third of the floor space of its suburban stores. Metro Group is expanding in Asia to become less reliant on its domestic German market ...
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NewsSainsbury's profits up 8% with customer numbers at all-time high
Sainsbury’s has reported an 8.1% increase in underlying pre-tax profit to £332m in its interim results, with customer numbers at an all-time high.
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NewsChristmas retail spend to rise 1% this year
UK retail spend this Christmas is expected to rise by 1% year-on-year, according to a survey by consultants Deloitte.
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NewsGrocers pledge to tackle industry skills gap
Grocery retailers have pledged to tackle the skills gap in the industry as a survey reveals that the vast majority (80%) of grocers believe there is a skills gap in basic literacy levels in school leaver recruits.
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NewsJust a third of former First Quench stores trading as off licences after collapse
Just one year after the collapse of Threshers owner First Quench Retailing, only a third of the stores are trading as off licences.
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NewsTesco launches Tesco Direct mobile site
Tesco has today launched a mobile optimized version of its Tesco Direct website.
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NewsHalf term and Halloween help John Lewis and Waitrose
John Lewis and Waitrose both secured double digit sales growth last week, with half-term and Halloween helping the partnership’s chains.
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NewsBullish outlook for retail despite jitters
General retailers were down over the week while their food counterparts were up - both underperformed a flattish market.
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NewsWilkinson boosts its own-brand offer by introducing food lines
Variety chain Wilkinson has launched its first range of own-brand food products.
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NewsAsda hires ex-Tesco man as COO as it fights to regain market share
Asda’s incoming chief operating officer Simon King will complete the grocer’s management team and his arrival is hoped to be a catalyst for its return to form, observers say.
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News
Lidl launches in Cyprus
Schwarz Group’s discounter Lidl launched in the Cypriot market this week, opening its first seven stores simultaneously. Following the opening, the discount retailer’s goal is to “eventually fully cover the geographical area of Cyprus in order to be able to serve even more residents”, the company said. The first stores ...
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News
A&P launches international foods private-label range
Tengelmann-controlled A&P is launching a new private-label range of international foods. Named The Food Emporium Trading Company - after one of A&P’s store banners - the range will be sold at the eponymous stores in addition to the A&P, SuperFresh and Waldbaum’s banners.
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NewsRace for space puts grocers' returns at risk
Fears have been raised that the rate of expansion by the big grocers will hit their financial returns and like-for-likes.
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NewsMorrisons posts 1.3% like-for-like growth in third quarter
UPDATED 11AM Supermarket group Morrisons notched up sales growth of 2.8%, excluding petrol, in the third quarter.
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AnalysisWalmart rethinks majority stake offer for Massmart
The latest news from South Africa suggests Walmart is considering scaling back its offer to acquire a majority stake in Massmart following discussions with its shareholders. Walmart had previously announced a non-binding proposal, which could lead to a cash offer to acquire the entire issued share capital of Massmart, on September 27.
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News
Lawson to acquire HMV Japan for £14m
Convenience store retailer Lawson is to acquire music and video retailer HMV Japan on December 1 for ¥1.8bn (£14m). All of HMV Japan’s shares will be purchased from Daiwa Securities SMBC Principal Investments Co. HMV Japan runs 37 stores in Japan. Lawson hopes that the acquisition will help boost its ...
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NewsTesco launches new Clubcard initiative
Tesco has launched a Clubcard initiative – Big Clubcard Voucher Exchange - that will allow customers to double the value of their vouchers across a range of non-food categories.