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All Grocery articles – Page 562
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OpinionBaptism of fire awaits the new grocery chiefs
Falling inflation isn’t the only reason why it feels a golden age of grocery retailing is coming to an end. Three of the big four are either under new chief executives or soon will be.
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NewsMajestic Wine’s broadened appeal drives sales up
Majestic Wine is confident it will continue to widen its appeal and forge growth despite the difficult climate, after it posted a 117% lift in pre-tax profits to £16m.
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NewsGeorge at Asda pushes for wider appeal to double sales in 5 years
George at Asda is introducing a series of initiatives to broaden its appeal as it attempts to double sales within five years.
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News
Spinneys close to deal to open hypermarkets in Libya
United Arab Emirates-based retailer Spinneys is close to signing a deal to open two hypermarkets in Libya. Spinneys chief executive Michael Wright said: “The next market we will be entering is Libya, where we have an arrangement on the table. The first hypermarket should be open by the end of ...
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News
Atlantic sales down 18.5%
Supermarket chain Atlantic posted an 18.5% sales decrease to €106m (£88m) in the first quarter of 2010, while net losses increased from €2.4m (£1.9m) to €2.9m (£2.4m) year-on-year. Revenue in its retail outlets dropped 13.5%, while revenue in Atlantic’s wholesale business decreased 25.8% year-on-year.
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NewsCo-op share payout tops £50.4m
The Co-operative is to pay out £50.4m to its members in a share payout.
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NewsSainsbury’s like-for-likes slow
Sainsbury’s has reported like-for-like sales in its first quarter up 1.1% excluding petrol in the 12 weeks to June 12.
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NewsTesco’s UK performance hit by petrol prices and low food inflation
Tesco has reported UK like-for-like sales were up just 0.1% excluding petrol and VAT-adjusted in the 13 weeks to May 30, hit by rising petrol prices and low food inflation.
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NewsSainsbury's HR director steps down
Sainsbury’s HR director Imelda Walsh is to leave the grocer on July 16.
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NewsWaitrose to open first small convenience shop this week
Waitrose will open its first smaller format convenience stores in Cambridge on Thursday.
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NewsMajestic Wine pre-tax profits leap 117%
Majestic Wine has reported a 117% increase in pre-tax profit to £16m in its full year results as its minimum order change drove volume.
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NewsFirst England match hits shopper numbers
England’s first World Cup game hit shopper numbers on Saturday, when footfall fell by 4.7%.
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NewsRetail sales in London up 11.6% in May
Retail sales in London improved in May rising 11.6% on a like-for-like basis as tourists came back to the capital following the easing of the volcanic ash cloud disruption, the British Retail Consortium-KPMG London Retail Sales Monitor found.
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OpinionDalton Philips means business
Morrisons’ new chief executive Dalton Philips has wasted no time in beefing up his board with the appointment of Waitrose commercial director Richard Hodgson to join as its group commercial director.
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NewsJohn Lewis reports strong bank holiday trade
John Lewis reported weekly sales up 20.6% in the week to June 5, buoyed by trade over the bank holiday although the hot weather by the end of the week took the edge off sales.
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NewsTesco fresh foods chief Colin Holmes quits
One of Tesco’s rising stars announced his resignation yesterday, in the same week that Sir Terry Leahy stepped down and international chief Philip Clarke was named his successor.
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NewsUncertainty hits food and general retailers
The week in retail was dominated by the surprise announcement of Sir Terry Leahy’s plans to retire as chief executive of Tesco next March. Tesco shares fell more than 2% on Tuesday as the City digested the news, but analysts were happy with the appointment of Tesco veteran Phil Clarke ...
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NewsSuccessor Philip Clarke ‘cut from the same cloth’ as fellow Liverpudlian Sir Terry Leahy
Philip Clarke, who will become only the sixth Tesco chief executive in the company’s 80-year history when he takes the helm next year, has been picked to succeed Sir Terry Leahy for his “wide experience, drive and energy”.
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NewsTough challenges that have to be faced by Tesco’s Philip Clarke
Tesco’s seamless succession planning has been lauded by the City as a success, but analysts warn that incoming chief executive Philip Clarke has a tough job ahead of him.