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All Grocery articles – Page 558
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NewsAsda reinstates more upmarket lines
Asda has said it has put choice and quality back into its ranges for the key Christmas season.
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NewsCity split on Ocado IPO as Amazon launches online grocery offer
Competition from Waitrose and Amazon adds to questions over Ocado’s valuation and profitability
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NewsVuvuzela warning sounded
Shops in the UK selling vuvuzelas could face serious financial consequences because of question marks over the name.
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News
Aditya Birla opens 8th Hydrabad hypermarket
Grocer Aditya Birla has opened its eighth hypermarket in Hyderabad, and taken the opportunity to reiterate its aggressive expansion and private-label strategies.Chief executive Thomas Varghese said that Aditya Birla intends to grow private-label sales to 30% across the FMCG, clothing and general merchandise categories. The group expects to be EBITDA ...
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News
Australia’s Metcash acquires Franklins chain
Grocer Metcash has agreed to acquire the 85-strong Franklins supermarket chain in New South Wales from South Africa-based Pick n Pay for about Aus$215m (£119m).Following the acquisition, Metcash is planning to sell the stores on to the independent IGA retailers, which it supplies as a wholesaler, with the potential ...
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News
Amazon launches food offer in Germany
Amazon has launched its online shop for groceries in the country, with 30,000 items, including vegetables, meat, fish and baked goods as part of the offer.The products are offered by Amazon and 60 partners with whom the retailer has teamed up. Delivery will remain the same as Amazon’s normal service ...
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News
Germany’s Woolworth emerges from insolvency
Variety store operator Woolworth has formally emerged from insolvency, following its integration into the Tengelmann group. Of the formerly about 300-strong portfolio, which was reduced to 162 under administration, about 150 have now been transferred to the new owners.The group of owners consists of Tengelmann and HH Holding, the group ...
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News
Sligro set to take over Sanders
Grocery wholesaler and retailer Sligro is about to take over regional supermarket operator Sanders. Sligro said it expects that an agreement will be reached on the acquisition of Sanvier, the operator of 22 Sanders supermarkets in the Twente region and a meat processing business. Both Sanders and Sligro are members ...
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Opinion
£119.95 lamb anyone?
Amazon’s trial food range would only suit the weirdest palates, but the fact it’s doing it is still bad news for Ocado.
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NewsWhole Foods UK sales fall, but losses reduce
Sales fell at upmarket grocer Whole Foods’ five UK stores in the year to last September, but the company managed to slash its operating loss in the period.
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NewsAmazon launches UK food offer
Amazon has launched a grocery offer in the UK offering thousands of household goods and food.
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NewsShop price inflation slowed to 1.5% in June
Shop price inflation slowed to 1.5% in June after slowing to 1.8% in May, according to the BRC-Nielsen Shop Price Index.
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NewsMarks & Spencer like-for-likes leap in first quarter
Marks & Spencer has reported a 6% surge in general merchandise like-for-likes in the first quarter, when the retailer wooed clothing shoppers with “improved styling, stronger fashions and great value.”
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NewsOcado outlines target depot and delivery efficiencies
Ocado has outlined the delivery and depot efficiencies it is aiming to reach at its Hatfield depot in a bid to maximise profitability.
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NewsTesco understood to be interested in Carrefour’s Asian operations
Tesco is understood to be among the leading supermarket chains interested in parts of French giant Carrefour’s assets in Singapore, Thailand and Malaysia.
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NewsOcado expects £1.18bn IPO valuation
Home shopping group Ocado has set a price range of between 200p to 275p per share for its IPO and expects a market capitalisation of about £1.18bn.
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NewsThe Retail Trust launches second Search for a Star competition
The Retail Trust has launched its second ‘Search for a Star’ competition after a successful hunt for the best musical talent in the retail sector last year.
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NewsOcado to publish prospectus and start roadshow
Ocado is poised to publish its prospectus tomorrow and press ahead with a valuation of £900m-£1bn for its IPO.
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NewsTesco survives shareholder rebellion
Tesco faced rebellion over the pay and bonus packages it allocates to directors at its annual general meeting today with over 37% voting against the approval of the grocer’s remuneration report.
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NewsOcado will make no money until 2014, adviser says
Online grocer Ocado will not make a profit until 2014, one of the banks advising it on an IPO has revealed.