All Grocery articles – Page 579
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GalleryMarmite Selfridges, London
Remember the Marmite store last Christmas on Regent Street? It came, was admired, and then it went. It was, in essence, a celebration of the black yeast-based condiment and at the time was remarkable for being a single-product proposition pop-up store.
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News
Picard Surgeles acquired by private equity firm
Frozen food retailer Picard Surgeles has been acquired by private equity firm Lion Capital from BC Partners for €1.52bn (£1.27bn). The completion of the deal follows approval by the European regulatory authorities at the beginning of the month. The takeover price included €590m (£494m) in cash, while the remaining funding ...
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News
A&P Q2 sales decrease 10% to £1.22bn
Tengelmann-controlled A&P said that sales during the second quarter declined by 10% to $1.9bn (£1.22bn). Like-for-like sales fell 6.6%. Loss from continuing operations amounted to $143m (£92m), more than double the $62m (£40m) posted a year earlier. As the company’s financial situation continued to be pressured, A&P insisted its turnaround ...
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News
SuperValu reports Q2 £945m net loss
US grocer SuperValu has reported a net loss of $1.47bn (£945m) for the second quarter ended September 11. Net retail sales amounted to $8.7bn (£5.6bn) while retail food net sales declined 9.7% to $6.7bn (£4.3bn). The decline was primarily a result of the impact of an like-for-like store sales fall ...
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News
Pick n Pay H1 pre-tax profit falls by 25.5% to £61m
The country’s second-largest grocer Pick n Pay reported that its pre-tax profit fell by 25.5% to R682.1m (£61m) in the first half to 31 August, despite sales growth of 6% to R25.2bn (£2.26bn). Chief executive Nick Badminton described the past 12 months as the most challenging the company had faced ...
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News
Coles Group Q1 sales increase 4.9% to £4.5bn
Coles Group posted a rise of 4.9% in sales to Aus$7.49bn (£4.5bn) for its first quarter ended September 26. The retailer’s strong performance was attributed to lower prices and last year’s revamping of its fresh food areas. Growth rates at the chain proved to be outpacing larger rival Woolworths as ...
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News
Five Stokes stores sold to Argyle Trading
The administrators of independent grocer Stokes has sold five stores to Argyle Trading.
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NewsWalmart reconsiders terms of Massmart deal
Walmart may modify its offer to acquire South African retailer Massmart, meaning the Johannesburg company could retain a listing.
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NewsEnd of an era as Dunnhumby founders step down
The husband and wife founders of Dunnhumby, the data and marketing company fundamental to the success of Tesco’s Clubcard, are to step down.
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News
Nine more Stokes stores shut
Nine more branches of Stokes, the independent greengrocer that was put into administration last week, have been closed with a lost of 72 jobs.
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NewsTesco launches iPhone app barcode scanner
Tesco is revamping its iPhone app to include a barcode scanner which the UK’s largest retailer has said is a first for the supermarket industry.
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NewsM&S launches disposable chocolate box
Marks & Spencer is introducing new packaging for its Swiss Chocolate Collection that can be thrown away on a compost heap or dissolved in water.
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NewsTesco in price dispute with Hovis
Tesco has dropped 12 Hovis lines after a spat with the brand’s owner, Premier Foods, over pricing.
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NewsOcado to deliver to the South West and Wales
Online grocer Ocado is to begin delivering into the south east of England and South Wales next year after acquiring a distribution centre near Bristol.
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NewsTesco launches £1.3bn Christmas promotional campaign
Tesco is claiming to save customers £1.3bn this Christmas with festive promotions and Clubcard deals.
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NewsJohn Lewis weekly sales rise 7.2%
Sales at John Lewis department stores rose 7.2% to £58.5m last week, when all main categories delivered a similar performance.
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NewsRetailers braced for difficult trading after ‘necessary’ cuts
Retailers warn public sector cuts will hit spending and exacerbate the North/South divide
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AnalysisThe art of being chosen
What makes some retailers successful while others fail? Respected retail marketer Martin Butler’s new book asked retail’s biggest names to find out
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AnalysisWalmart turns attention to small-format US stores
At its annual investor conference last week, Walmart announced plans to roll out 30 to 40 medium and small-sized stores in the US next year.
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News
X5 Retail Group acquisition of Kopeika may not go ahead
Despite having received approval from the Russian Anti Trust Office to acquire Moscow-based retail chain Kopeika, X5 Retail Group has said that the acquisition may not go ahead. Initially Kopeika aimed to sell its stake to X5 Retail Group at the beginning of October for an estimated $1.5bn (£1bn) including ...