All Grocery articles – Page 558
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News
Walmart chief for the US William Simon confident of reversing the fortunes of the retailer
Walmart chief for the US William Simon said he was confident of reversing the fortunes of the retailer after seven consecutive quarters of domestic sales declines at stores open at least a year.Part of his strategy includes returning to the Everyday Low Prices formula, after it veered to discounting. He ...
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NewsSainsbury’s King warns slump in consumer confidence will persist
Sainsbury’s chief executive Justin King has signalled that consumer sentiment has collapsed since the beginning of the year and shows no signs of improvement.
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News
Lidl relying on exclusive manufacturer contracts and own production facilities for private-label
Schwarz Group’s discounter Lidl is increasingly relying on exclusive manufacturer contracts and own production facilities for its private-label products.Lidl is building two more plants for waters and soft drinks in Germany, in addition to its existing four Mitteldeutsche Erfrischungsgetränke GmbH & Co KG factories, bought by Lidl five years ago.
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NewsFormer Tesco director joins Ocado to head non-food
Ocado has poached a Tesco director to lead its new general merchandise team as it drives to diversify its offer.
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OpinionPick n Pay launches Smart Shopper loyalty scheme
South Africa’s second largest grocery retailer Pick n Pay has launched the country’s largest and most extensive loyalty programme, named Smart Shopper.
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NewsShoppers complain over Waitrose's new website
Waitrose has suffered a blow after customers complained of problems on its new £10m website, which was launched with much fanfare two weeks ago.
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NewsHotel Chocolat opens first phase of its hotel in St Lucia
Chocolatier Hotel Chocolat has opened the first phase of its hotel at its cocoa plantation in St Lucia.
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Opinion
Tesco on Facebook
Tesco has soft-launched a new Facebook page in an attempt to better connect with shoppers via social media.
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NewsSainsbury's Q4 like-for-likes up 1%
Sainsbury’s fourth quarter like-for-like sales grew 1% excluding fuel in the 10 weeks to March 19.
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AnalysisWalmart sets its sights on small format expansion
Speaking at an investor conference last week, Walmart US chief executive Bill Simon outlined plans for a much larger foray into small-format retailing than many industry observers had anticipated.
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News
ITM sales up 4% to £30bn
Grocer ITM has grown sales 4% for 2010 to reach nearly E35bn (£30bn) as a result of a strong international performance. Sales in France grew 1.6%. As part of its three-year plan, ITM intends to grow sales per square metre 15% and an extensive remodelling programme will be completed by ...
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News
Couche-Tard Q3 net earnings jump 29.6% to £46m
Convenience store operator Couche-Tard posted net earnings of $71m (£46m) for the third quarter ended January 30, up 29.6% from the comparable period last year. The increase was attributable to growth in merchandise and service sales, the contribution from a rising number of sites offering fuel and the growth in ...
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News
Oxo total revenue jumps 16.3% to £3.2bn
Convenience store chain Oxxo has reported a total revenue increase of 16.3% for the 2010 financial year, up to 62.3bn pesos (£3.2bn). Sales growth was driven by the opening of 1,092 net new stores during the year and a 5.2% increase in like-for-like sales. Store traffic experienced a 3.9% increase, ...
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News
Mercadona gross sales up 6.3% to £341m
Grocer Mercadona has reported gross sales of E16.5bn (£14.2bn) for the 2010 fiscal year, up 6.3% from last year. Net income was E398m (£341m), a 47% increase compared with 2009. The company invested about E600m (£515m), opening a net total of 46 stores.Mercadona reduced prices by an average of 4% ...
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NewsCrackdown on Channel Islands VAT loophole
Chancellor George Osborne is planning to crack down on cheap goods flooding into the UK from the Channel Islands.
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NewsOddbins offers creditors £4.7m compensation pot in CVA
Oddbins wants to close a third of its stores and creditors will be offered a stake in a £4.7m compensation pot as part of its company voluntary arrangement (CVA).
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NewsJohn Lewis records 1.8% fall in weekly sales
Sales at John Lewis department stores fell last week as the retailer came up against tough comparatives.
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NewsAsda set to open its first high street supermarket without car parking
Asda is to open its first high street supermarket without car parking as it seeks to ramp up expansion.
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AnalysisHow Leahy transformed Tesco’s business in the UK
Terry Leahy was told Tesco had reached saturation point in the UK. Having developed non food, gone online and moved into services, he’s proved the doubters wrong.