All Grocery articles – Page 626
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News
Metcash posts a 36.5% rise in first-half profit
Grocery wholesaler Metcash posted a 36.5% rise in first-half profit, with chief executive Andrew Rietzer describing its grocery alliance business IGA as a “powerhouse” that is performing well against the competition.“The trading environment is strong. However, low price inflation continues to hamper trading opportunities across all of our business pillars,” ...
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NewsWaitrose online forum to offer festive aid
Waitrose has launched an online forum to help shoppers cope with festive Christmas catering worries.
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NewsTesco veteran John Gildersleeve to be New Look chairman
Tesco veteran and chairman of Carphone Warehouse John Gildersleeve is expected to bring extensive City experience to his new position as chairman of New Look.
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NewsTesco upbeat despite sluggish like-for-likes
Tesco remains confident the economy is in recovery despite slower than expected UK like-for-likes.
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NewsLaithwaites to open Vinopolis flagship
Wine merchant Laithwaites Wine wants to up its brand profile with the opening of a flagship London shop and the relaunch of its website next year.
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OpinionTesco quietly impresses
Tesco’s trading updates often split the City, and Tuesday’s third-quarter announcement was no exception. Some highlighted that UK like-for-like growth was below expectations, while others reiterated the longer-term benefits of being more than just a UK food retailer.
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NewsVAT to return to 17.5% in January
Chancellor Alistair Darling has confirmed in his pre-budget report that VAT will return to 17.5% on January 1, 2010.
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NewsBRC shop price inflation flat
Overall shop price inflation edged up marginally in November to 0.2%, according to the BRC-Nielsen Shop Price Index.
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NewsMorrisons and Waitrose star as recession recedes in grocery
Morrisons, Asda, Sainsbury’s and Waitrose all continued to grow their share of supermarket spending in the 12 weeks to 30 November, with Morrisons managing an all-time record share of 12.1%.
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NewsTesco reports solid Q3 UK growth, but lower than some City estimates
Tesco has reported a steady sales growth in the UK in its third quarter, but lower than some analysts had expected.
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NewsTesco targets upmarket grocers in price war
Tesco is to ramp up its price cuts this week targeting the upmarket grocers with heavy discounts on its Finest range.
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NewsMarc Bolland to step down from Morrisons
Morrisons chief executive Marc Bolland will step down from the Bradford-based grocer today (Friday).
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OpinionAsda's happily ever after
Asda’s deal to sell official FIFA merchandise for next year’s World Cup is a marriage made in heaven for the grocer. And one that is likely to have rattled rivals. The partnership shows how lucrative such deals can be for the supermarkets - something they are all trying to cash in on.
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NewsChristmas building well for Waitrose
Sales were up 14% year on year at Waitrose in the week to 28 November, with Christmas orders for premium meat and poultry ranges leading the way.
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NewsOcado mulls partnership with Carrefour
Online grocer Ocado is understood to have held talks with French retailer Carrefour about a partnership to deliver shopping to customers’ homes in France.
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News
X5 Retail Group buys local supermarket chain Paterson
The country’s leading grocery retailer X5 Retail Group has bought local supermarket chain Paterson, which has 82 stores in Moscow, St Petersburg and other cities.X5 Group will pay $189.5 m (£103m) in cash for Paterson’s equity and assume $85m (£46m) of debt, to be financed by operating cash flow. It ...
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NewsAnother raft of First Quench outlets offloaded
The administrator of First Quench Retailing has sold a further parcel of shops to off-licence chain Rhythm & Booze and is in negotiations with individual franchisees about transferring leaseholds.
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OpinionMarc Bolland’s Marks & Spencer food conundrum
I’m an admirer of Marc Bolland. But then I am not unique in that respect because he has quite a supporters club, a club that the Marks & Spencer board has now joined.
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NewsThorntons stock control system eases wastage
Thorntons has cut discounts and wastage in its stores significantly after introducing a store replenishment system from Aldata.
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OpinionWhere the future of food lies
Speculating about the future can be a risky occupation, especially where food retailing is concerned. Things change so fast in our world that the revolutionary can quickly seem commonplace.