All Grocery articles – Page 558
-
News
South African Massmart to exit Zimbabwe
South African Massmart - a 51% stake of which is expected to be acquired by Walmart in early 2011 - has announced that it is to exit Zimbabwe, selling its two stores in the country to local grocer OK Zimbabwe.In October this year, Massmart announced that it was likely to ...
-
NewsMorrisons hunts for brand director as part of management overhaul
Morrisons has kicked off a search for a brand director as chief executive Dalton Philips shakes up his management team to position the grocer for future growth.
-
News
Ministop to open a convenience store chain in Vietnam
Japanese convenience store operator Ministop is to open a convenience store chain in Vietnam, hoping to tap into potential demand in the market.The company, which is a subsidiary of Japanese retail giant Aeon, said that it signed a basic accord with a unit of Trung Nguyen Holdings of Vietnam to ...
-
NewsM&S to open first store in Egypt and third in China
Marks & Spencer took a step forward with international expansion yesterday, when its first store in Egypt and third in China were scheduled to open.
-
NewsChristmas on ice
High street could benefit at the expense of out-of-town shops if the bad weather continues
-
News
Walmart is to close office in Moscow
Walmart is to close its office in Moscow. International chief executive Doug McMillon said: “The Russian market is a compelling retail opportunity and we believe that Russian consumers could benefit from Walmart’s value proposition.“Since we have decided to enter the market through acquisition, not greenfield development, and since there is ...
-
NewsBooker boss Charles Wilson replaces Justin King as IGD president
Booker Group’s chief executive Charles Wilson has been appointed president of international food and grocery analysts IGD, replacing Sainsbury’s boss Justin King.
-
NewsSales rise in November
Retail sales rose 3.6% by value and 1.8% by volume in November compared to the same month last year.
-
NewsTesco's One Stop acquires 77 stores from Mills
Tesco’s convenience fascia One Stop has acquired 77 stores from Mills Group as part of its long term expansion plans.
-
NewsTesco among last bidders for Poland's Zabka chain
Tesco and Carrefour are among the final four bidders for Poland’s Zabka retail chain, it is understood.
-
NewsFood, fashion and furniture show record November price inflation
Food, clothing and furniture price inflation recorded record rises for November, helping drive the Consumer Prices Index up by 3.3% overall.
-
NewsCo-op to create 7,000 jobs
The Co-operative Group is to create 7,000 jobs as it gears up to take on the big four grocers.
-
NewsIceland in takeover talks
Iceland is reportedly in talks with Middle East investors over a potential sale of the chain for up to £1.5bn.
-
NewsGrocers suspend Scotland orders due to snow
Tesco and Sainsbury’s have stopped taking orders on their websites from customers in Scotland, because of the bad weather.
-
NewsMarks & Spencer extends Christmas opening hours at 200 shops
Marks & Spencer will extend opening hours until 10pm or later at 200 stores during Christmas week.
-
NewsWaitrose beats snow to deliver 'busiest day ever'
Supermarket group Waitrose beat snowy conditions to end last week “on remarkable form” after generating a sales uplift of 4.7% to £106.3m.
-
NewsAnger at Scottish Government's £30m raid on retailers' coffers
Scottish Government proposals to milk big retailers for additional cash have been condemned as a threat to jobs and economic recovery.
-
NewsDebenhams and Tesco top JP Morgan’s 2011 picks
Department store group Debenhams and leading grocer Tesco feature on broker JP Morgan Cazenove’s list of top stock picks for 2011, while fashion giant Next and supermarket group Sainsbury’s should be avoided.
-
News
X5 Retail Group to acquire Kopeika
X5 Retail Group has signed an agreement to acquire Kopeika in a transaction with a total enterprisevalue of RUR51.5bn (£106bn) including assumption of debt.As a result of the transaction, X5 will reinforce its number one position in the Russian retail market, mainly in Moscow and the Moscow region where Kopeika ...
-
News
Colruyt posts 7.9% revenue increase
Grocery retailer Colruyt posted a revenue increase of 7.9% for its first half, from E3.29bn (£2.79bn) to E3.55bn (£3bn). For the period ended September 30, gross profit jumped 9.1% to E900.4m (£763m) from E825.2m (£699.3m), which corresponds to a gross profit margin of 25.34% compared with 25.06% last year.