All Grocery articles – Page 550
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OpinionMorrisons: the balsamic vinegar test
The Bolland legacy isn’t dead. It just needs further tightening up. So far he has kept to the real retail basics; simplifying ranging, innovation in own brand, further work on IT and supply chain, and improving customer service.
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NewsTreats are back, say Tesco and Sainsbury’s
As Tesco and Sainsbury’s report favourable results, there is evidence consumers are trading up again
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NewsAsia and Fresh & Easy give Tesco a little help
Food retail stocks lagged both their general retail peers and the market as a whole again despite a robust set of half-year results from Tesco.
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OpinionSainsbury’s stays a step ahead
Sainsbury’s boss Justin King should be feeling pretty pleased with himself. Having successfully silenced all the naysayers who said Sainsbury’s would be the first to suffer in the height of the recession, he is continuing to steer his ship onto a winning course as the economy improves.
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NewsAge of food discounter over as Aldi racks up £54m loss
Aldi, the German discounter that became a byword for the shift to value in the recession, has suffered a dramatic reversal of fortune, turning a £93m pre-tax profit in the UK and Ireland into a £54m loss last year.
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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
