All Grocery articles – Page 606
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NewsCo-op’s Somerfield crisis
Confidential board report reveals plummeting sales in ex-Somerfield stores following 2009 deal
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NewsSainsbury’s revamps tills to reduce queuing times
Sainsbury’s has invested in “cutting edge” technology to improve its self-service and manned tills, which it said will reduce customer queuing time by 500,000 hours a year.
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SuperValu sales down 8.9%
Grocery retailer SuperValu posted an 8.9% net sales decline to $40.6bn (£26bn) in the year ended February 27.Same-store sales declined 5.1%. However, net income rocketed to $393m (£252m) compared with a $2.9 bn (£1.6bn) loss last year.SuperValu chief executive and president Craig Herkert said the retailer expects net sales to ...
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Pick ’n’ Pay sales up 9.8%
South Africa’s second largest grocery retailer Pick ‘n Pay reported sales growth of 9.8% to ZAR54.7bn (£4.2bn) in its financial year ended February 28.Trading profit for the year slid 2.5% to ZAR1.65bn (£145.5m), as margins were undermined by price cuts in basic foods. The retailer reported double-digit growth in fresh ...
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Wesfarmers sales up 4.9%
Sales at Wesfarmers’ grocery arm Coles rose 4.9% to Aus$6.91bn (£3.5bn) in the quarter to March 28. Meanwhile, its home improvement operations experienced a 7.9% jump in sales to Aus$1.54bn (£771m), while sales from its office supplies division rose 7.7% to Aus$390m (£195m).Sales at Coles’ department store chains Target and ...
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Metro posts a 5.2% increase in net income
Grocer Metro Inc posted a 5.2% increase in net income to C$80.3m (£47m) for the second quarter to March 13.Sales climbed 1.1% to C$2.6bn (£1.52bn) while same-store sales declined 0.7% due to deflation in certain product categories.The Canadian retailer launched its Metro & Me loyalty card in the Québec City ...
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NewsAsda heralds ‘the official end of the grocery price war’ with price guarantee
Asda is putting its money where its mouth is with a guarantee that it offers shoppers lowest prices on groceries or will give them their money back, a step which it said “heralds the official end of the grocery price war”.
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NewsAsda lags behind the market
Asda is still under-performing the market with year-on-year growth well behind the growth of the other major retailers, according to Kantar Worldpanel.
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NewsRetail sales up for the third consecutive month
Retail sales have grown for the third consecutive month with retailers expecting positive growth to continue in May, according to the CBI Distributive Trades Survey.
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NewsAsda Income Tracker: UK families worse off in March than a year earlier
The UK family was £2 a week worse off in March than a year earlier, according to this month’s Asda Income Tracker.
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NewsSainsbury's pushes sourcing ethics in new Jamie Oliver ad
Sainsbury’s latest advert with celebrity chef Jamie Oliver will air this evening during the break for reality TV show Britain’s Got Talent.
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OpinionTesco’s food fight
Tesco showed once again this week why it is market leader, but with rivals hot on its heels, the sector is squaring up for an interesting food fight.
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Opinion
Cheesewrong
Walmart Canada boss David Cheesewright and Asda finance director Judith McKenna have both been strongly linked with the Asda CEO’s job, but as it stands neither is in the running.
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NewsNorthern Foods to close factory after Sainsbury’s row
Ready meal supplier Northern Foods is to close a factory in Swansea after a dispute with Sainsbury’s.
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NewsOcado poised to appoint banks for IPO
Ocado is understood to be poised to appoint JPMorgan Cazenove, UBS and Goldman Sachs to advise on a possible £1bn flotation this summer.
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AnalysisFive big questions for Asda’s new boss
Asda is finding trading tough but has big ambitions. As Andy Bond prepares to take a back seat, Jennifer Creevy looks at the big issues his successor will need to tackle to get the grocer back on track
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AnalysisA cycle of recycling
Retailers are taking a two-pronged strategy of reducing their own waste while encouraging their customers to recycle more too
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DataICM Poll: The influence of ethical retail practices
In an exclusive poll for Retail Week, ICM Research interviewed a random selection of 2,045 adults aged 18 and over between April 9 and 11, 2010 about retailers’ ethical processes.
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NewsJudith McKenna and David Cheesewright rule themselves out of Asda top job
Asda chief financial officer Judith McKenna and Walmart Canada boss David Cheesewright are understood to have ruled themselves out of the running to replace Andy Bond as head of the grocer.