All Supermarkets articles – Page 225
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OpinionIt’s time for zero tolerance
The authorities have turned a blind eye to retail crime for too long, says Malcolm Walker
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NewsCo-op profits and sales hit by tough climate
The Co-operative Group has suffered a fall in first-half profits and sales in retail conditions described by chief executive Peter Marks as “the worst I have seen in over 40 years”.
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News
Carrefour not looking to sell Brazil unit
International grocery chain Carrefour is not looking to sell its Brazil unit, Carrefour chief executive Lars Olofsson said. “Carrefour in Brazil is not for sale. I’m not talking with Walmart,” Olofsson said.Last week, French newspaper La Tribune reported that Walmart had hired financial services company UBS to advise on a ...
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News
Ahold sells its ICA Maxi hypermarkets and superstores
The board of Ahold’s Norwegian ICA operations has decided to sell its ICA Maxi hypermarkets and superstores. The retailer plans to concentrate its Norwegian operations on discount store chain Rimi and the ICA Supermarket concept. This means ICA Norway will initiate a sales process for the company’s ICA Maxi stores. ...
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NewsTesco's Andrew Higginson to retire
Tesco chief executive of retailing services Andrew Higginson is to retire from the board and executive committee next year.
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News
Gross sales rIse at Lotte Shopping
Lotte Shopping’s gross sales rose 20.3% to SKW5.5trn (£3.1bn) in its second quarter for 2011. Operating profit rose by 8.1% to SKW437bn (£243.8m) while net profit soared by 17.1% to SKW301bn (£167.9m).For the first six months, gross sales climbed 23.8% to SKW11.2trn (£6.25bn). In terms of sales, the group’s Lotte ...
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NewsSainsbury's to exclusively launch Joan Collins book
Sainsbury’s is hoping some 1980s Dynasty glamour will bring shoppers to its stores when it exclusively launches actress Joan Collins’ upcoming book.
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NewsAsda launches mobile groceries site
Asda has launched a mobile optimised transactional site for its groceries offer.
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AnalysisMark Horgan
Sainsbury’s new marketing director will play a key role as the grocer begins to prepare for the post-Jamie Oliver era. George MacDonald reports
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NewsIn Focus: Tesco
Updating Retail Week Knowledge Bank’s Tesco profile is no mean task, as befits the world’s third biggest retailer.
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AnalysisClearing up and moving on
A week after the shocking riots, retailers reflect on events that put their stores and staff on the front line
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AnalysisCarrefour hurt as Greeks reduce their grocery bills
The deteriorating state of the Greek economy is exerting a huge impact on the country’s grocery retail scene with international players seeing mixed fortunes.
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NewsRetail bearing up but grocery volumes weak
Although retailers bore the brunt of last week’s riots, the sector kept its head above water despite lagging the All-share index.
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NewsTesco’s Amazon-style site due to launch in January
Tesco is gearing up for the launch in January of its Amazon-style online marketplace offer, which will target customers through previous buying habits and Clubcard data.
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OpinionGrocers must adjust to new consumer mindset
It would be easy to interpret this week’s news from the supermarket world as a sign that the powerhouses of UK retail are floundering.
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NewsOcado co-founder cuts stake in grocer
The co-founder of Ocado and his wife have sold some of its stake in the online grocer, despite shares trading at their lowest level since the group floated last July
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NewsSainsbury’s to trial price match at the till
Sainsbury’s is gunning to win back its least loyal swing shoppers with the trial of a price match on branded products.
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NewsCustomers recognise our quality is improving, says Asda’s Clarke
Asda chief executive Andy Clarke is confident that the grocer’s efforts on quality are being recognised by customers, despite the tough climate taking a toll on its growth.
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News
Walmart hires investment bank to advise on potential takeover
Walmart has hired investment bank UBS to advise on a potential takeover of Carrefour’s Brazilian subsidiaries, according to reports.Both Walmart and Carrefour have remained tight-lipped about the rumoured takeover, but it is understood that Walmart is assembling a team of expert advisers prior to making a bid.Talk of a takeover ...
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NewsAsda Q2 like-for-likes up 0.5%, but operating income declined due to Netto acquisition
Asda has reported like-for-like sales up 0.5% excluding VAT in its second quarter from April 1 to June 30.