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All Grocery articles – Page 575
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NewsGeorge at Asda to push multichannel and overseas growth under new boss
George at Asda is expected to concentrate on value, multichannel operations and international growth when its new managing director Andrew Moore takes the helm next month.
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OpinionDreaded needs test rears its head again
Yes, it’s election season and the Tories are going for the populist planning vote with their new Open Source Planning green paper.
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News
Soriana sales down 5.5%
Mexican grocery retailer Soriana posted a like-for-like sales decline of 5.5% in its 2009 financial year.Net consolidated profit soared 66.4% to MXN2.9bn (£152.4m) against 2008, while net sales fell 4% to MXN91.8bn (£4.8bn). During the period, the retailer managed to make savings of MXN1bn (£52.6m) through its efficiency plan.By the ...
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News
ITM sales reach €34bn
Sales at grocery group ITM hit €34bn (£30.8bn), including petrol, for the 2009 financial year.In France, its Intermarché chain achieved sales growth of 1.5%. Globally, excluding petrol and its industrial production facilities, it increased sales 0.7% to €25bn (£22.7bn), and expanded its total sales area by 1.94 million sq ft.ITM ...
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News
Carrefour to close 21 Belgian stores
Carrefour plans to close 21 stores in Belgium and cut 1,672 jobs in the country.14 of its 56 Belgian hypermarkets and seven of its 378 Belgian supermarkets will close by June 30. An additional 30 stores will be sold. In total, nearly a third of the hypermarkets and nearly half ...
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NewsWaitrose targets £10bn sales
Managing director Mark Price on a mission to remain fastest-growing grocer and grab market share
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News
Big C sales up 1.5%
Local grocery operator Big C has posted retail sales up 1.5% in 2009.Operating profit at the Casino-owned group jumped 19.8%, while net profit climbed 16.3% to Bt1.07bn (£21.8m) and net sales rose 1.1% to Bt68.06bn (£1.39bn).The retailer said the performance was driven by better purchasing conditions, cost savings and the ...
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News
Woolworths H1 profits up
Woolworths posted an 11.4% increase in first-half net profit to Aus$1.09bn (£654.2m).The Australian retailer is planning an Aus$400m (£240.1m) share buyback, which it described as a modest start to capital management, now that the worst of the economic turmoil has passed.Woolworths forecast sales growth in the upper single digits, marking ...
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NewsRWC2010: Amazon rules out stores and grocery offer
Amazon UK has ruled out opening stores and offering food “for the foreseeable future”, its managing director, Brian McBride, has told the Retail Week Conference.
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NewsSouth African president to tour Sainsbury’s
The South African president has asked for a tour of Sainsbury’s – the first time a visiting head of state has requested an official tour of a British supermarket.
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NewsRWC2010: Tesco aims to make F+F biggest global fashion brand
Tesco wants its Florence + Fred clothing range to be the biggest global fashion brand within five years, Tesco chief executive of clothing Terry Green told Retail Week Conference delegates.
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NewsRWC2010: Rose raises prospect of very different M&S under Bolland
Marc Bolland is “absolutely the right man” to become chief executive of Marks & Spencer, executive chairman Stuart Rose insisted, hinting that the retailer may be poised for a period of radical change.
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NewsWaitrose hires celebrity chefs as ‘food ambassadors’
Waitrose has hired celebrity chefs Delia Smith and Heston Blumenthal to act as food ambassadors for the brand.
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NewsRWC2010: Charlie Mayfield warns against expecting quick recovery
John Lewis Partnership chairman Charlie Mayfield opened the Retail Week conference this morning with a warning that retailers need to be careful of a false dawn in the economy.
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NewsAsda starts price war on IVF drugs
Asda is starting a price war on IVF drugs in an attempt to become the UK’s most competitive pharmacy.
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News
Food inflation hits three-year low
A fall in fresh food process has pushed annual food inflation down to a three-year low of 1.3% in February, according to the British Retail Consortium Shop Price Inflation report.
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NewsThresher franchisees to negotiate with landlords on shops
First Quench administrator KPMG is offering the majority of the Threshers franchisees the chance to negotiate directly with landlords for new leases on their shops.
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NewsTesco market share up as it piles pressure on Asda
Tesco’s Clubcard double points scheme has helped the market leading grocer take share from arch-rival Asda, the latest till roll data shows.
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NewsM&S sets out plan to become world's most sustainable retailer
M&S has launched a drive to become the world’s most sustainable retailer by 2015, introducing a raft of new commitments under its ethical Plan A programme.
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OpinionRetail's political struggle
The general election, already in full swing though yet to be declared, has been unsettling retail sector investors all year.