All Grocery articles – Page 593
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News
Aldi Süd pulling out of Greece
German hard discount retailer Aldi Süd is pulling out of Greece, the company has confirmed.“Aldi Süd intends to discontinue its operation of 38 stores in Greece [while it is] in talks with interested parties for the acquisition and continuation of activities,” Aldi said, without providing further details.The market exit - ...
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News
Lawson and Matsumoto-kiyoshi put off JV plan
Convenience store operator Lawson and drugstore chain Matsumotokiyoshi have put off plans to establish a joint venture until they can confirm the profitability of pilot stores. Initially considered was a plan to combine Matsumotokiyoshi drugstores with Lawson’s high-end convenience stores for health-conscious consumers, but the idea was rejected.
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Opinion
A humbling experience?
Ocado may have got its float away - just - but the whole process has been an embarassment to its founders.
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NewsTesco rapped for 'misleading' bread ad
A Tesco ad has been pulled because it misled consumers that its bread was “baked from scratch” in stores.
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NewsAsda Income Tracker: average UK family £7 a week worse off in June
The average UK family was £7 a week worse off in June compared to the same time last year, according to the Asda Income Tracker.
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NewsTrinity Leeds work to resume in August
Shopping centre Trinity Leeds has been given the go ahead by developers Land Securites, which has said it expects work to resume on site next month, in preparation for opening in spring 2013.
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NewsOcado IPO priced at 180p
Ocado has priced its IPO at the bottom end of its revised price range after investors baulked at the original valuation.
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NewsOcado lowers its IPO price range
Ocado has lowered the anticipated price range for its IPO to between 180p to 200p.
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NewsTesco and Asda market share slips during World Cup
Tesco and Asda’s market share slipped during the World Cup, despite aggressive promotions and an increase in sales growth since June.
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NewsSome FSA responsibilities handed to Defra and DoH
Some of the Food Standards Agency (FSA) responsibilities will be transferred to the Department of Health (DoH) and the Department of Food, Environment and Rural Affairs (Defra), the Government has confirmed.
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NewsMarks & Spencer unveils flagship Bradford distribution centre
Marks & Spencer officially opens a 1.1m sq ft state-of-the-art distribution centre in Bradford today in a key step in its Project 2020 business improvement programme.
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NewsOcado secures 80% of orders for IPO shares
Ocado is understood to have secured orders for about 80% of the shares it is seeking to sell in its flotation.
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NewsOnline sales rise 20% in June
The warm weather and summer sporting events helped lift online retail sales by 20% in June.
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NewsLondon sales up 14.4% in June
Sales in London soared 14.4% on a like-for-like basis in June with the warm weather and improving consumer confidence helping sales in the capital.
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NewsWaitrose refreshes payment system
UK supermarket Waitrose has introduced a new payment system across its entire estate to enhance customer service.
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NewsJohn Lewis weekly sales rise 9.1%
Sales at department store chain John Lewis rose 9.1% last week to £59.2m as the retailer’s Sale drew shoppers.
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News
Hotel Chocolat raises £3.7m via chocolate bonds
Hotel Chocolat chief Angus Thirlwell said he is “pleased with the strong response” to its chocolate bonds, which raised £3.7m.
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NewsCity pressure mounts on Ocado ahead of float
Pressure is mounting on Ocado to lower the valuation of its initial public offering (IPO) as investors and analysts continue to baulk at the ambitious price tag placed on the online grocer.
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NewsRetail’s stock rises as June sales tick along
Retailers achieved “decent sales growth” in June, the BRC reported, and store stocks rose over the week although they lagged the All-Share index.
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AnalysisThailand exit likely as Carrefour rationalises
Carrefour has spread itself too thin and now, faced with ongoing pressure from shareholders to improve profitability, is on a path to divest non-core markets.