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All Grocery articles – Page 545
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News
Ahold appoints Europe COO Dick Boer as CEO
Ahold has appointed Dick Boer as chief executive of the company, with effect from March 2011. He will succeed John Rishton, who is leaving to become chief executive of Rolls-Royce.Boer, who has been with the company since 1998, is chief operating officer of Ahold’s European division and member of the ...
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News
Couche-Tard drops pursuit of Casey's General Stores
Canada-based convenience store operator Couche-Tard has dropped its almost six-month-long pursuit of US convenience chain Casey’s General Stores. Couche-Tard said it had allowed its offer of $38.50 (£24.30) per share to expire - none of Casey’s common stock was purchased and all tendered shares will be returned promptly.“We have decided ...
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News
Eroski posts decrease in turnover to £3.1bn
Eroski has posted a 1.05% decrease in turnover to €3.7bn (£3.1bn) for the first half ended July 31. Pre-tax loss for the period decreased 50% to €34m (£28m).The supermarket chain managed to cut its debts to €265m (£220m) and to keep its competitive position in the market via a reduction ...
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News
Lidl to acquire competitor Tengelmann's Plus discount stores in Bulgaria
Lidl has been given the regulatory go-ahead to acquire competitor Tengelmann’s Plus discount stores in Bulgaria.Following an investigation by the country’s competition commission, the authority concluded that the deal would not hinder competition in the retail market. Plus Bulgaria has been running 23 stores since October 2009, with a staff ...
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NewsAsda receives rebate from parent Walmart
Asda received a £115m rebate from its US parent which boosted profits but lifted its tax bill, according to figures filed at Companies House.
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NewsM&S UK like-for-likes climb 5.3%
Marks & Spencer has said customers are “returning to quality” as it reported like-for-like UK sales up 5.3% in its second quarter.
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NewsSainsbury's reports like-for-likes up 2.9% in Q2
Sainsbury’s has reported like-for-like sales for its second quarter up 2.9% excluding petrol, with new stores, online and non-food all driving growth.
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NewsThorntons first quarter like-for-likes fall 4.1%
Chocolatier Thorntons has reported a 4.1% fall in like-for-like sales at its own stores over the first quarter of the year.
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NewsFood inflation hits 15-month high
Food inflation has hit a 15-month high rising to 4% in September, compared with 3.8% in August, British Retail Consortium (BRC) figures show.
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NewsTesco profits climb 12.5%
Tesco has reported a 12.5% increase in group pre-tax profit in its interim results, with international sales helping to offset the subdued growth in the UK.
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OpinionFood glorious food
You get to see a lot of shops in this job, but not many of them are food retailers. And even when you do wander into a new store, there are roughly two chances of it appearing particularly innovative: slim and fat.
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NewsThe Carlyle Group buys NBTY
Global asset management firm The Carlyle Group has completed its $4bn acquisition of NBTY, which operates the Holland & Barrett chain.
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NewsConvenience store chains in board room dispute
Convenience chains Costcutter and Nisa Today’s are embroiled in a row after Costcutter chairman Colin Graves resigned from Nisa Today’s board in a dispute over a conflict of interest.
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NewsJohn Lewis reports 15% weekly sales rise
Sales at department store chain John Lewis rose 15.1% last week to £58.7m.
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AnalysisMeating and greeting
Victor Churchill, a butcher’s shop in Melbourne, takes a mundane commodity and turns it into a real spectacle. John Ryan reports
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NewsExpanding Sainsbury’s opens its largest store yet
Sainsbury’s opened its largest store this week as it seeks to fulfil its ambitious expansion plans.
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OpinionSainsbury’s treads carefully
After hunkering down and sticking to the knitting during the recession, the attractions of trading in foreign climes are once again moving up the retail agenda despite the rather uncertain trading conditions at home.
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NewsSluggish growth puts brokers off their food
Food retailers’ shares looked far from scrumptious ahead of Tesco’s interim results next Tuesday and Sainsbury’s second-quarter update a day later.
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NewsGrocers and discounters prepare for bidding war over Netto shops
Grocers Tesco and Morrisons are thought to be among the interested parties for the 47 Netto shops that Asda has to dispose of as part of its £778m acquisition.
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News
Reliance Retail to enter smaller towns and introduce grocery home delivery
Reliance Retail is pushing ahead with a rapid expansion drive, which will include entry into smaller towns and the introduction of a home delivery service for groceries. The plan is to expand its presence in urban markets, moving from Tier I and Tier II cities down to Tier IV cities ...