All Grocery articles – Page 620
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AnalysisNeed to know: Scottish licensing rules
Changes to Scottish rules on the sale and promotion of alcohol are causing confusion for retailers. What are the changes and how are they affecting shops?
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NewsAl Gore invests in Ocado
Online grocery retailer Ocado has completed a £50m financing to continue to grow the company, including an investment from former US vice-president and environmental campaigner Al Gore.
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NewsWaitrose strikes deal with Duchy Originals
Waitrose is to launch a top-end range, after striking a deal with Prince Charles’ organic food company Duchy Originals.
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NewsNew chairman for Threshers owner
First Quench Retailing, the owner of off licence chain Threshers, has appointed a new chairman.
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NewsAsda pledges 20,000 Christmas jobs
An extra 10,000 Christmas jobs are being created by supermarket giant Asda, doubling its “seasonal squad” to 20,000.
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NewsSurge in profits at Morrisons
Morrisons has reported a leap in half-year profits to £449 million from £309m as the resurgent supermarket put on further strong sales growth.
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NewsThorntons shows recovery in second half
Thorntons has revealed 4.5% drop in pre-tax profit to £8.1m but showed signs of recovery in the second half.
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NewsDeflation returns to the high street
Shop prices have fallen on the British high street for the first time since February 2007, as the retail sector revealed a drop of 0.1% last month compared with inflation of 0.5% in July.
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NewsTesco continues to invest in Fresh & Easy
Tesco is continuing to invest in its US Fresh & Easy shops, despite it saying it had put its expansion in northern California on hold.
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News‘Recovery hopes premature’ as August UK retail sales fall
UK retail like-for-like sales fell 0.1% in August as shoppers stayed away from the high street due to very wet weather, casting doubt on early economic recovery hopes.
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OpinionMajestic toasts new customers
Majestic Wine has switched its minimum order policy, and the move — along with its customer service proposition — is likely to bring in new customers.
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NewsSainsbury’s boss Justin King insists he will remain at the grocer
Sainsbury’s chief executive Justin King has reaffirmed his commitment to the grocer, and dampened speculation he will move to head up Marks & Spencer.
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NewsTesco criticised for offering CT health scan vouchers
Radiation risks from X-rays has led to criticism of Tesco’s promotion of vouchers for CT health scans through its Clubcard loyalty scheme.The Society of Radiographers said the Lifescan promotion, billed as helping to detect tumours and other illnesses, is “inappropriate” and does not make the risks from radiation exposure clear.Spokesman ...
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NewsJohn Lewis reports strong bank holiday trade
John Lewis reported an upbeat weekly trading report, helped by new product lines in home and fashion.
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News
Cencosud reports a 16% decrease in net sales
Grocery retailer Cencosud reported a 16% decrease in net sales to CLP1.24 trillion (£1.38bn) in its second quarter.The retailer was knocked by the financial crisis and adverse exchange rates in the international markets where it operates.Meanwhile, rival Falabella reported CLP832.8bn (£924.2m) sales for its second quarter, 7.8% lower than the ...
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Lianhua records a 2.2% growth in turnover
China’s largest grocer, Lianhua, recorded a 2.2% growth in turnover to CNY10.98bn (£984.5m) in the first half of the year. However, the impact of the financial crisis and a slump in consumer goods prices meant that same-store sales fell 1.7%.Net profit was up 10% to CNY250m (£22.4m). The group continued ...
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NewsEntries open for Oracle Retail Week Awards 2010
The deadline for entries to the 2010 Oracle Retail Week Awards, the biggest event in the retail calendar has been extended to November 6.
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News
Casino’s first-half net profits hit €231m
French grocer Casino’s first-half net profits hit €231m (£203.5m), up from €229m (£201.8m) in 2008, while operating profit fell 9.1% to €488m (£430m).The retailer now expects to have implemented a €1bn (£881.1m) asset disposal programme by the end of next year. It also plans to strengthen its appeal by developing ...
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NewsMarket wobbles but positive signs abound
The market was hit by a bout of nerves following the recent bull run and the FTSE 100 suffered its biggest loss of value in two months. General retailers performed slightly below the market but food groups, which have frequently been out of favour lately, remained almost flat.
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NewsClubcard will allay Tesco doubts, says broker
Broker ING has upgraded Tesco ahead of next month’s interim results, despite concern among some analysts that the grocer is suffering at the hands of resurgent rivals.