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All Grocery articles – Page 573
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News
Metro Group sales down 3.6%
Metro Group has reported a 3.6% sales decrease to €65.5bn (£59bn) in 2009.EBIT before special items declined 8.9% to €2.02bn (£1.82bn). In Germany, group sales declined 0.6%, while overseas sales declined 5.5%adjusted for negative currency effects, international sales increased 0.7%. In Asia and Africa, sales increased 4.8%. The group has ...
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News
Rewe Group sales up 2.7%
Germany’s second-largest grocer Rewe Group generated group sales of €50.9bn (£45.4bn) in 2009, up 2.7% on the previous year.The growth was mainly achieved through acquisitions and expansion, as store numbers climbed 5% to 15,453 outlets. In Germany, sales grew 2.6%, while overseas operations grew 2.9%.The Penny discount division, present in ...
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AnalysisIs management shake-up just the start for Metro?
Metro Group has announced a shake-up of its leadership and unveiled a new corporate logo ahead of its 2009 results conference.
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NewsRetail sales grow for second consecutive month
Retail sales have grown for the second consecutive month, and growth is expected to continue at a similar pace through Easter, according to the CBI Distributive Trades Survey.
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Opinion
This is not just consigned to the dustbin
A big day for M&S today as the legendary “this is not just…” food advertising slogan has been consigned to history.
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NewsOcado narrows operating losses as sales rise
Ocado has narrowed its operating losses and increased its gross sales by a quarter to £427.3m in the year to November 29.
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NewsWaitrose's Delia and Heston ads break on Sunday
Waitrose’s debut ad starring celebrity chefs Delia Smith and Heston Blumenthal will break at lunchtime on Sunday.
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NewsSir Stuart Rose under fire over new pay package
Sir Stuart Rose faces yet more criticism as analysts and Marks & Spencer investors raised concerns over the salary he will receive when he moves to a non-executive position in July.
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NewsFormer Baugur boss to launch low-cost supermarket in UK
Former Baugur executive chairman Jon Asgeir Johannesson is plotting to launch a low-cost supermarket called Best Price in the UK.
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AnalysisRichard Jones: Can he make Tesco the clothing leader?
Having put non-food on the map at Sainsbury’s, Terry Green’s successor Richard Jones is to head clothing and home at Tesco. Can he make it clothing market leader?
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NewsSir Stuart Rose to stand down from M&S in March 2011
Marks & Spencer chief executive Sir Stuart Rose will leave the retailer next March, earlier than he was obliged to.
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NewsCo-op reports bumper profits, lifted by Somerfield acquisition
The Co-operative Group has reported underlying operating profits up 20% to £473m, buoyed by its acquisition of Somerfield.
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NewsOcado to float after general election
Home shopping group Ocado has signalled its intention to launch an IPO after the general election.
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OpinionOld pilots never die...
Why is is that experimental formats are allowed to stagger on and not put out of their misery?
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NewsSainsbury's bonus payouts to be brought forward
Bonus payouts for Sainsbury’s staff are to be brought forward to beat the introduction of the new 50% tax rate.
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NewsCentral London retail sales up 9.9% in February
Central London retail sales in February were 9.9% higher on a like-for-like basis than a year ago according to British Retail Consortium figures, suggesting that low January sales were a blip caused by the snowy weather.
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News
Jerónimo Martins sales up
Jerónimo Martins increased sales by 6.1% to €7.3bn (£6.5bn) in its 2009 financial year.Net profit at the grocery retailer soared 22.8% to €200.3m (£178.6m).Jerónimo Martins attributed the performance to strong competitive market positions and a clear focus on increasing productivity together with greater scale in sourcing.
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OpinionSexy products are more interesting...
Entrepreneurs thrive on selling products that they find sexy, says Malcolm Walker
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OpinionRetailers need more friends in Westminster
Nobody doubts hard political choices will have to be made to cope with the costs of the banking crisis and recession, but VAT on food should not be among them.
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NewsRelaunched Spar site focuses on healthy lifestyle
Symbol group Spar UK has relaunched its website to push its community involvement and champion its investment in athletics sponsorship.