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All Grocery articles – Page 554
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NewsIn focus: Ocado
Now that the Ocado IPO dust has settled what, if any, are the lingering problem areas?
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OpinionNo room for smug consensus
Ocado chief executive Tim Steiner rather gracelessly laid into independent City analysts after last week’s lacklustre IPO, following which the online grocer’s shares immediately fell below the opening price.
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NewsTesco ‘set to outperform’ as short-term concerns fade
Tesco shares are poised to outperform over the next year despite underperformance in the year to date, according to broker Bernstein.
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AnalysisWalmart calls on India to relax retail investment
Walmart has called on the Indian government to relax Foreign Direct Investment laws that do not allow foreign investment in multi-brand retail, but do allow 51% foreign investment in single-brand retail and 100% in wholesaling. Walmart said it would open hundreds of stores in India if it were to change its laws.
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NewsWaitrose goes mobile with website and app
Waitrose has optimised its website for mobile phones and launched an iPhone app as it seeks to widen the brand’s appeal.
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NewsOcado arranges meeting for unconnected analysts
Ocado is to host a meeting for leading unconnected analysts next week, after facing a barrage of criticism in the run up to its float.
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News
Loblaw Q2 sales up 1.2%
Grocery retailer Loblaw has reported that sales rose 1.2% to C$7.3bn (£4.57bn) for the second quarter to June 19. Like-for-like sales declined 0.3%, marking the third consecutive quarter of negative like-for-like growth. Operating income increased 1.9% to C$330m (£207m) while net earnings declined 8.6% to C$180m (£113m)…
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NewsTesco takes on M&S in back to school campaign
Tesco is taking on Marks & Spencer in the back to school clothing battle and has frozen its uniform prices to be the same as last year.
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NewsSquirrel meat on Budgens shelves prompts outrage
A Budgens store has prompted controversy by putting squirrel meat on its shelves.
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NewsSainsbury’s trials prescription vending machines
Sainsbury’s has today started a trial of prescription vending machines, aimed at allowing customers to securely and conveniently collect NHS prescriptions.
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NewsRetailers already responsible on alcohol, says BRC
Retailers already have a proud record as responsible sellers of alcohol, says the British Retail Consortium, in response to the start of the Home Office alcohol consultation.
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NewsAldi co-founder Theo Albrecht dies
The co-founder of German hard discounter Aldi has died at the age of 88.
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News
A&P Q1 net loss increases 88%
US Tengelmann-controlled A&P has announced its first-quarter results for the 16 weeks to June 19. Net loss was $122.64m (£79.5m), up 88% when compared with the net loss of $65.16m (£42.24m) a year earlier.Sales for the period declined to $2.56bn (£1.66bn) from $2.79bn (£1.80bn) last year. Like-for-like sales decreased 7.2%.
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News
Metro launches cash and carry concept in Ukraine
Metro Group has launched a new, small-sized cash and carry concept in Ukraine, called Metro Baza.The first store is located in Kremenchuk, on the rented premises of Prostor trade centre. Metro Baza has a sales area of about 21,500 sq ft and offers a narrow range of about 2,000 items. ...
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News
SuperValu launches El Ahorro Save-A-Lot format
Grocery retailer SuperValu has launched a new format called El Ahorro Save-A-Lot.The co-branded discount stores, which target the Hispanic community, are the result of a partnership between SuperValu and Rafael Ortega, a grocery operator with 24 years of experience in serving the Hispanic community in Texas. Six former Save-A-Lot stores ...
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News
Wadhawanto shut Spinach stores
Wadhawan Retail is to shut its Spinach food and grocery stores. Most of the 45 Spinach stores are to close by the end of this month and many suppliers are said to have ended their relationship with the company due to outstanding bills. Spinach has 35 stores in Mumbai and ...
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News
Australian Woolworths full-year sales up 4.2%
For the year ending June 27, Woolworths reported sales up 4.2% to Aus$51.7bn (£30bn). Like-for-like sales from domestic grocery outlets gained 3.3%. Food and alcohol sales for the year showed strong growth to Aus$34.68 bn (£20bn), an increase of 5.1% from the previous year.In its fourth quarter, food and alcohol ...
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NewsWaitrose hires supply chain director
Waitrose has appointed David Jones as its supply chain director.
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NewsRetail sales ahead of expectations in July, says CBI
Retail sales increased in July, and were ahead of expectations, the latest CBI Distributive Trades Survey has found.
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NewsCo-op marketing director leaves
The Co-operative director of marketing Patrick Allen has left the business.