All Grocery articles – Page 587
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NewsPromotions at a high as Co-op profits rise
About 40% of products on Co-operative Group’s food stores are on promotion at present - the highest level in recent times.
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AnalysisProfile: Peter Marks
The Co-op chief executive has been through tough times with the business. He tells George MacDonald about the retailer’s renaissance.
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News
Ahold Q2 net sales up 10.8%
Food retailer Ahold saw net sales in the second quarter of 2010 climb 10.8% to €7.1bn (£5.8bn) compared with the same quarter last year, up 4.4% at constant exchange rates.This was positively impacted by business acquisitions in the first quarter, mainly Ukrop’s in the US.
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News
Couche-Tard Q1 profits up 42.2%
Convenience store operator Couche-Tard reported a 42.2% profit rise for the first quarter ending July 18.The retailer also announced it is to acquire 10 stores from US-based retailer Compac Food Stores. The profit rise was attributed to higher merchandise and service sales, strong petrol margins and good cost control.
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NewsTesco joins auction for Carrefour’s Asian shops
Food and hypermarkets giant Tesco is among the 10 bidders for French counterpart Carrefour’s south-east Asian assets.
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NewsOcado shares fall again on analyst comment
Online grocer Ocado saw its share price fall yesterday (August 31) after a leading retail analyst predicted a decline in its market share and questioned its growth strategy.
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NewsTesco faces further planning accusations
Tesco is facing further accusations that it is using its financial clout to win approval for new stores.
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Opinion
Dereliction of duty?
The controversy which follows it everywhere means Tesco needs to be whiter than white with its property affairs
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NewsTesco rolls out schoolwear embroidery service
Tesco is this week rolling out its schoolwear embroidery service nationwide following a trial earlier this year.
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NewsTesco bought town centre and allowed it to become derelict, newspaper alleges
Tesco bought a town centre through a front company and allowed it to become derelict as it tried to secure a regeneration deal, a report in today’s Times claims.
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NewsTesco ramps up promotional music campaign
Tesco is to ramp up the promotional campaign behind its exclusive Faithless album with a £100,000 push to put CDs into 420 of its petrol stations for the first time.
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NewsJohn Lewis posts weekly sales rise of 10.5%
Sales at John Lewis department stores rose 10.5% last week to £52m, driven once again by the fashion department.
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NewsAndy Bond gets a Wiggle on
Former Asda CEO Andy Bond is back in the saddle as he takes a stake in fast-growing bikes etailer Wiggle
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AnalysisBrands: If at first you don’t succeed, try, try, try again
Joining the ranks of high street failures such as Zavvi and Woolworths, high-profile retail casualty of the recession MFI is being resurrected as an online brand. But can failed or struggling brands successfully put their tattered reputations behind them and regain trust
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NewsAsda signals its intent to rebrand Netto stores ahead of OFT verdict
Asda has submitted planning applications to convert several Netto stores ahead of approval from the Office of Fair Trading (OFT) on the deal.
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AnalysisKeeping up appearances
Consumers may not be confident of the economic outlook, so retailers need to be ready to fight this with subtle changes to their marketing messages and propositions, finds Nick Hughes
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NewsOcado shares continue to freefall
Ocado has suffered a disappointing first month of trading on the London Stock Exchange, with its shares losing 20.7% of their value.
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OpinionM&S’s online food for thought
Ocado’s share price since flotation and its ongoing attempt to become profitable will be of consuming interest to retail directors other than just the online grocer’s. Among them no doubt is Marks & Spencer chief executive Marc Bolland, who is gearing up to unveil his strategy this autumn.
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GalleryWegmans Jamestown, New York State, US
Wegmans is one of the more upscale food retailers in the eastern United States and, like its rivals, it generally trades from big box properties.
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News
FamilyMart breaks 5,000 store mark
FamilyMart, the country’s largest convenience store chain, has reported it has broken the 5,000 store mark for the first time. Local affiliate Bokwang FamilyMart now operates 5,002 stores in South Korea, the retailer’s largest market outside Japan. The continued expansion is part of FamilyMart’s ambition to have 25,000 stores globally ...