All Grocery articles – Page 598
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News
Shoprite confirms plan to exit India
Shoprite group chief executive Whitey Basson has confirmed that the retailer is preparing to exit India.Speaking at the South African-based retail group’s interim results, Basson said the decision was due to constraining legislation and price rules that made a single-store operation unprofitable.The retailer has been operating a hypermarket in Mumbai ...
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NewsM&S well placed to convert top-up shoppers and lift profits
Marks & Spencer could add as much as £35m to gross profits by persuading occasional food shoppers to purchase more often, research by broker Oriel suggests.
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OpinionTesco’s dotcom model
Tesco is widely thought to be the only grocer to make a profit from its dotcom operation. And judging by the reaction from the City after analysts visited its dotcom-only store in Aylesford, Kent, on Friday, the grocer looks poised to widen the gap on its competitors.
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News
Tesco MasterCard to hit retailers with higher interchange fees
Retailers face higher interchange fees after retail giant Tesco’s bank switched its Finest Platinum MasterCard to World MasterCard.
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NewsRelaunched Spar site focuses on healthy lifestyle
Symbol group Spar UK has relaunched its website to push its community involvement and champion its investment in athletics sponsorship.
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OpinionRetailers need more friends in Westminster
Nobody doubts hard political choices will have to be made to cope with the costs of the banking crisis and recession, but VAT on food should not be among them.
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OpinionSexy products are more interesting...
Entrepreneurs thrive on selling products that they find sexy, says Malcolm Walker
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News
Jerónimo Martins sales up
Jerónimo Martins increased sales by 6.1% to €7.3bn (£6.5bn) in its 2009 financial year.Net profit at the grocery retailer soared 22.8% to €200.3m (£178.6m).Jerónimo Martins attributed the performance to strong competitive market positions and a clear focus on increasing productivity together with greater scale in sourcing.
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NewsJohn Lewis Partnership pre-tax profits up 9.7%
John Lewis Partnership has reported pre-tax and bonus profits up 9.7% to £306.6m and staff shared a £151.3m bonus pot, 15% of salary.
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NewsMorrisons profits up 30%
Morrisons has reported pre-tax profits have hiked 30% to £858m, up from £655m, in its full year results ending January 31.
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NewsSainsbury's and Asda set up youth training schemes
Sainsbury’s and Asda are setting up training schemes to push food as a career choice to young people.
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NewsRetail sales ahead 2.2% in February
UK retail sales grew 2.2% on a like-for-like basis in February, according to the British Retail Consortium (BRC).
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NewsGovernment mulls imposing VAT on food
Government could begin charging VAT on food as a means of reducing the national defecit.
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AnalysisMark Price: Leader of the pack
Named Retail Leader of the Year at last night’s Oracle Retail Week Awards, Mark Price has transformed Waitrose.
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News
Big C sales up 1.5%
Local grocery operator Big C has posted retail sales up 1.5% in 2009.Operating profit at the Casino-owned group jumped 19.8%, while net profit climbed 16.3% to Bt1.07bn (£21.8m) and net sales rose 1.1% to Bt68.06bn (£1.39bn).The retailer said the performance was driven by better purchasing conditions, cost savings and the ...
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News
Woolworths H1 profits up
Woolworths posted an 11.4% increase in first-half net profit to Aus$1.09bn (£654.2m).The Australian retailer is planning an Aus$400m (£240.1m) share buyback, which it described as a modest start to capital management, now that the worst of the economic turmoil has passed.Woolworths forecast sales growth in the upper single digits, marking ...
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NewsWaitrose targets £10bn sales
Managing director Mark Price on a mission to remain fastest-growing grocer and grab market share
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News
Carrefour to close 21 Belgian stores
Carrefour plans to close 21 stores in Belgium and cut 1,672 jobs in the country.14 of its 56 Belgian hypermarkets and seven of its 378 Belgian supermarkets will close by June 30. An additional 30 stores will be sold. In total, nearly a third of the hypermarkets and nearly half ...
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News
ITM sales reach €34bn
Sales at grocery group ITM hit €34bn (£30.8bn), including petrol, for the 2009 financial year.In France, its Intermarché chain achieved sales growth of 1.5%. Globally, excluding petrol and its industrial production facilities, it increased sales 0.7% to €25bn (£22.7bn), and expanded its total sales area by 1.94 million sq ft.ITM ...
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News
Soriana sales down 5.5%
Mexican grocery retailer Soriana posted a like-for-like sales decline of 5.5% in its 2009 financial year.Net consolidated profit soared 66.4% to MXN2.9bn (£152.4m) against 2008, while net sales fell 4% to MXN91.8bn (£4.8bn). During the period, the retailer managed to make savings of MXN1bn (£52.6m) through its efficiency plan.By the ...