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All Grocery articles – Page 552
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News
A&P to close 25 stores
Tengelmann-owned grocer A&P has announced that it will close 25 stores in five US states in a move to stabilise its ailing business.According to the German company, stores affected include “locations in close proximity to other company stores, those facing real estate and cost issues, and underperforming non-core stores”. This ...
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NewsRetailers in Scotland suffer worst like-for-like slide in 10 years
Retail like-for-likes in Scotland suffered their worst fall in 10 years during July - with the exception of April this year because of Easter distortions - when they slipped 1.4% year on year. Total sales advanced 0.8% in the month - the weakest growth since April 1999.
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NewsTesco and Asda continue to underperform
Tesco and Asda continued to underperform the market in the latest grocery figures from Kantar Worldpanel.
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NewsAsda Q2 like-for-likes fall 0.4%
Asda like-for-like sales fell 0.4% in its second quarter to July 31 and total sales grew in the low single digits.
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NewsOcado second warehouse site gets green light
The green light has been given to a 124-acre extension to Birch Coppice Business Park where etailer Ocado is expected to open its second warehouse.
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NewsSainsbury’s and Nectar launch iPhone apps
Sainsbury’s and loyalty scheme Nectar have today launched mobile phone apps.
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NewsRetailers urge Government to tackle petrol prices
Retailers are urging the coalition Government to urgently tackle the rising petrol prices.
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NewsMarks & Spencer’s former Indian boss joins competitor
The former chief executive of Marks & Spencer’s Indian business, Mark Ashman, has jumped ship to run local rival Hypercity, which sells Waitrose products in the country.
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NewsFood prices up 59% over last three years
Shoppers have been hit by grocery price rises of as much as 59% over the last three years, according to research from MySupermarket.co.uk.
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NewsTesco data firm to pay £17.5m dividend
Data firm Dunnhumby, which helped set up Tesco’s Clubcard, is to pay a £17.5m dividend to be shared between Tesco and the husband and wife team that founded the business.
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AnalysisNo retailer is an island
Island retailers face particular challenges, but these have helped them to head off the mainland multiples
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GalleryDer Bäcker Ruetz, Kematen in Tirol, Austria
If you venture into the Austrian Tirol you can get a sense of the traditional baker that has more or less vanished at everywhere but the top end in the UK.
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News
Rise in wheat price will be ‘manageable’, says analyst
Fears that the spike in global wheat prices could indicate an alarming upward trend in costs for food retailers have been downplayed.
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News
Whole Foods Market reports net income rocketed 53.5% in Q3
Whole Foods Market reported net income rocketed 53.5% to $65.7m (£41.1m) for its third quarter. Total sales increased 15% to $2.2bn (£1.4bn), while like-for-likes were up 8.8%. Whole Foods also boosted sales through a focus on opening smaller stores. Co-chief executive Walter Robb said: “We know that the economy is ...
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News
Grupo Pão de Açúca to roll out Extra Supermercado fascia
Grupo Pão de Açúcar is to convert 170 CompreBem and Sendas supermarkets to a new fascia Extra Supermercados, by the end of 2011. 16 stores have already been converted, comprising 10 CompreBem in São Paulo and six Sendas in Rio de Janeiro.The retailer plans to convert 61 stores by the ...
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News
SM Investments' records retail division profits up 25% to £39m
Supermarket and department store operator SM Investments reported its retail division’s profits were up 25% to PHP2.8bn (£39m) in the first half. The growth was attributed to increased operational efficiency and economies of scale resulting from expansion. Total sales were up 12% to PHP63.4bn (£883m). President Harley Sy said: “We ...
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Opinion
Of mice and Morrisons
Blocking the development of a supermarket because of dormice shows that the planning system really isn’t working.
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NewsSir Terry Leahy tipped to take over FA
Speculation is growing that Tesco chief executive Sir Terry Leahy is in line to become chairman of the FA.
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NewsTesco seeks planning permission for ‘green’ DC
Tesco has submitted a planning application for a new regional distribution centre on part of a former Ford site in east London.