All Grocery articles – Page 639
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News
Loblaw to acquire T&T Supermarket
Grocer Loblaw is to acquire Canada’s largest Asian food retailer, T&T Supermarket, comprising 17 stores and four distribution centres.The retailer will add about C$500m (£280.1m) in sales to Loblaw’s business, which is paying C$225m (£126m) for the deal, which is expected to complete before the year end.Like-for-likes at Loblaw rose ...
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NewsTesco considers dropping ‘biggest discounter’ tag
Tesco is weighing up whether to continue with its ad slogan “Britain’s Biggest Discounter” after being slammed by the Advertising Standards Authority (ASA).
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GalleryStore of the week: Nysa Wine Boutique, Westfield London
The Nysa Wine Boutique is a one-off in the UK, with a single outpost on Westfield London’s fringe as you approach from Shepherd’s Bush tube station.
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News
Costco to invest in New South Wales expansion
Costco – the US-based international chain of membership warehouses selling food, general merchandise and electricals – plans to invest Aus$120m (£59.8m) in expanding into New South Wales, Australia.It will open its first discount warehouse in the region at Auburn in western Sydney. Costco, which may open more stores in the ...
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NewsAndy Bond warns of long road to recovery
Despite a better than expected trading outlook for the rest of this year, the road to recovery for UK retailers will be long and hard, Asda chief executive Andy Bond has suggested.
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NewsWaitrose and Duchy Originals in deal talks
Duchy Originals and Waitrose are discussing a deal that would integrate Prince Charles’s food products into the upscale supermarket chain’s mainstream operation, according to The Times.
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NewsTesco under fire over 'misleading' adverts
Tesco has been accused of making misleading claims in its adverts that stated 1.2m of its baskets were cheaper than at Asda.
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NewsHornsea Freeport shopping village in administration
East Yorkshire shopping village Hornsea Freeport has fallen into administration.
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NewsThorntons hires new finance director
Thorntons has hired former Somerfield finance director Mark Robson to take up the same position at the chocolatier.
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OpinionCould Marc Bolland be the answer to Marks & Spencer’s prayers?
Morrisons chief executive Marc Bolland has become a darling of the City, so could he be the man for Marks & Spencer?
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NewsFashion sales suffer as swine flu rocks consumer confidence
Retail like-for-like sales were down 4.1 per cent in the week ending July 19 as swine flu shook consumer confidence.
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NewsTesco and Morrisons continue to challenge OFT in milk row
Grocers Tesco and Morrisons will continue their battle with the Office of Fair Trading (OFT) over milk price-fixing allegations.
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NewsSports events and mixed weather fail to deter John Lewis shoppers
Sales at John Lewis department stores surged 5.3 per cent last week, despite big sporting events and volatile weather that might have kept shoppers at home.
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News
Casino reports a 1.9 per cent fall in Q2 sales
Supermarket group Casino reported a 1.9 per cent fall in second-quarter sales, broadly in line with market expectations. Sales were weighed down by lower petrol prices and declines at its French hypermarkets.Second-quarter sales fell to €6.82bn (£5.87bn). The retailer said that underlying sales excluding petrol and calendar effects rose 1.1 ...
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NewsRetailers stir FTSE 100 onto impressive gains
Retailers helped the FTSE 100 make its best run of gains in four years on Tuesday, the seventh consecutive day that the index rose.
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NewsSainsbury’s taps Facebook as part of new advertising drive
Sainsbury’s this week launched the latest phase of its “Feed your family for a fiver” campaign and is using social networking site Facebook to drive customer interaction.
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AnalysisThe inspirations driving retail boardrooms
Sportsmen, philosophers and even the odd journalist have all inspired the UK’s retail chief executives. Charlotte Hardie talks to five familiar faces about those who have influenced them as they have scaled their very diverse career ladders
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News
Carrefour sales fall
Carrefour, the world’s second-biggest retailer, said second-quarter sales fell 1.2 percent, hurt by weaker western European markets, lower petrol prices and exchange rates.The drop to €23.4bn (£20.1bn) was slightly less than some analysts’ forecasts. Half-year sales were €46.2bn (£39.8bn). Carrefour group chief executive Lars Olofsson described half-year sales as “resilient”, ...
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AnalysisNeed to know...The competition test
The controversial competition test has divided the grocers. This week it moved a step closer to being introduced, so how has the news been received and what does it mean?
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NewsNetto cuts prices to drive discount credentials
Danish discount grocer Netto is reducing the price of more than 100 staple products as it seeks to reinforce its low price proposition.