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All Grocery articles – Page 608
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NewsRetail sales slip in May
Retail sales volume fell 0.6 per cent month on month in May and was down 1.6 per cent year on year, ONS data showed. Sales by value were down 1.1 per cent compared with May 2008.
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NewsTesco bond sale raises £430m
Grocery group Tesco has raised £430m through the sale of commercial mortgage-backed securities (CMBS).
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NewsOcado could float in 2010
Online grocery retailer Ocado could bag an estimated £600m next year if a float that is being considered were to go ahead, according to The Times.
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NewsSainsbury’s raises £445m to fund growth
Sainsbury’s is to raise £445m to fund an accelerated growth drive and deliver an extra 2.5 million sq ft of trading space by March 2011.
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NewsMarks & Spencer launches ad campaign to bolster ethical image
Marks & Spencer has launched a marketing campaign tunder the banner “Doing the right thing” and designed to emphasise its corporate social responsibility credentials.
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NewsTesco posts robust sales
Group sales at the UK’s largest retailer rose 12.6 per cent for the 13 weeks to May 30.
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NewsIndia offers greatest retail opportunities study shows
India offers the greatest investment opportunities for international retailers, a study has found.
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NewsTesco builds Chinese mall
Tesco will open its first shopping centre in the northeastern Chinese city of Fushan later this year.
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NewsProfits collapse at Majestic Wine
The tougher economic climate has hit home at Majestic Wine, which saw sales for the year to March 30 rise 2.4 per cent to £201.8m, but pre-tax profits fall 55.8 per cent to £7.4m.
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NewsHot weather holds back John Lewis but helps Waitrose
Hot weather in the early part of last week held back John Lewis’s sales, but helped Waitrose to a strong week.
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NewsAldi UK boss Paul Foley lashes out at supplier bullying
Suppliers must refuse to be “bullied” into not supplying discount retailers by the sector’s giants, Aldi UK and Ireland group managing director Paul Foley said yesterday.
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NewsIceland profits skyrocket as it sidesteps recession
Iceland chief executive Malcolm Walker has declared that the retailer is “not taking part” in the recession after revealing record sales and profits.
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NewsCOO parachuted in to steady struggling Threshers owner
A new chief operating officer has been parachuted in to troubled Threshers owner First Quench Retailing, replacing its IT and central operations directors, who have both left the business.
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Rewe increases sales
Grocery group Rewe increased group-wide retail sales by 10.5 per cent to €49.8bn (£42.9bn) in 2008, it revealed this week, with EBITDA up 8.5 per cent to €1.34bn (£1.15bn).It recorded growth both in its German home market and abroad, but contributions from overseas operations were particularly strong. Sales increases were ...
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Vishal Retail opens hypermarket in Gondia
Indian retailer Vishal Retail has opened its first hypermarket in the country, in Gondia, western India.The large format store covers more than 10,765 sq ft, selling various brands. The retailer plans to open a second hypermarket in Jalandhar, Punjab this month.Separately, a fire broke out at Vishal Retail’s 300,000 sq ...
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Possible expansion into Russia for Wal-Mart
Wal-Mart International chief Doug McMillon has said the retailer is pursuing a variety of options to enter Russia.A delegation from Russia attended the retailer’s associates’ meeting last week and McMillon said Wal-Mart could proceed by acquisition or by opening its own stores, but no time frame has been set. “We ...
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OpinionTesco still a dab hand
After Morrisons’ first-quarter update last week, Tesco and Sainsbury’s post their numbers on Tuesday and Wednesday respectively and they should make for compelling reading.
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Comercial Mexicana considers debt for equity swap
Mexican supermarket group Comercial Mexicana is considering a debt for equity swap as part of discussions with its creditors. In October the retailer defaulted on its debt after being hit hard in the global downturn.Comercial Mexicana has been attempting to strike a deal without selling key assets or giving up ...
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AnalysisNew Wal-Mart chief Mike Duke: ‘This is our time’
Changing consumer habits create opportunities, new Wal-Mart chief Mike Duke believes – but the retailer can’t afford to be complacent. George MacDonald reports from the US