All Grocery articles – Page 597
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NewsWarren Buffett increases stake in Tesco
Legendary investor Warren Buffett has increased his stake in supermarket group Tesco and now holds just over 3% of the grocer’s shares.
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News‘Give customers a greater say,’ says Asda chairman
Asda chairman Andy Bond has said retailers need to revaluate how they engage shoppers of the future, hailing them as the “net generation”.
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NewsRetail recovery remains on course despite VAT rise
Leading retailers have reacted with relief to this week’s emergency Budget and are confident that it won’t derail the retail recovery.
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DataICM Poll: The World Cup and retailing
In an exclusive poll for Retail Week, ICM Research interviewed a random selection of 2,039 adults aged 18 and over between June and 16, 2010 about the World Cup.
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DataICM Poll: The World Cup and retailing
In an exclusive poll for Retail Week, ICM Research interviewed a random selection of 2,039 adults aged 18 and over between June and 16, 2010 about the World Cup.
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AnalysisGetting retail mergers right
Bringing two retailers together does not always ensure instant success or results. Mark Faithfull looks at the secrets of getting the process right
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NewsSainsbury’s shuffles management team
Sainsbury’s is to appoint a marketing director to report to newly promoted group commercial director Mike Coupe as part of the management reshuffle revealed this week.
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NewsOcado presses button on IPO
Home shopping group Ocado is to float on the London Stock Exchange after interim EBITDA surged 181% to £8m.
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News
Kroger’s profits decline
Grocery retailer Kroger’s net profit declined 14.1% to $373.7m (£251.6m) in the first quarter to May 22. Total sales, including fuel, rose 8.7% to $24.8bn (£16.7bn), while sales excluding fuel increased 3.1%. Like-for-like supermarket sales, without fuel, were up 2.4%. Kroger’s chairman and chief executive David Dillon said: “The total ...
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News
Costco lobbies Washington state for new liquor distribution laws
Costco is to lobby the Washington state government in an effort to shake up liquor distribution laws.
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NewsRobert Tchenguiz trust to hand over £137m Somerfield proceeds to Kaupthing administrators
A trust connected to investment tycoon Robert Tchenguiz has abandoned its legal fight to retain £137m of proceeds from the sale of grocer Somerfield.
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NewsAsda aims to absorb VAT rise
Grocery and general merchandise giant Asda intends to shelter shoppers from the worst of the VAT rise in the new year.
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NewsWaitrose acquires Channel Island supermarkets
Waitrose is expanding its presence to the Channel Islands after buying five supermarkets from Sandpiper.
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NewsOne Stop invests in Galleria merchandising system
Tesco-owned convenience chain One Stop is to optimise selling space in its stores using a merchandising system from Galleria.
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NewsWaitrose to take Duchy Originals to America
Waitrose is making its first foray into America by selling Prince Charles’ Duchy Originals in the US.
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NewsSainsbury’s unveils biggest ever Back to School range
Sainsbury’s has launched its biggest ever Back to School range as it aims for record year-on-year growth in the category.
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NewsAsda market share slips
Asda continues to underperform with its market share back down to a level not seen since November 2008, according to grocery figures from Kantar Worldpanel.
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NewsAsda Income Tracker: Average household discretionary income falls in May
The average UK family had £6 a week less disposable income in May than the same month a year earlier, according to the Asda Income Tracker.
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NewsSainsbury’s eyes China after management changes
Sainsbury’s is considering entering the Chinese market after revealing its management shake-up.