All Supermarkets articles – Page 218
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NewsBuffett ups stake in Tesco
Billionaire investor Warren Buffett has increased its shareholding in Tesco.
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OpinionRetailers hold firm as Tesco tailspins
George MacDonald has written for Retail Week for more than 10 years, covering various sectors. He is a frequent TV and radio commentator on retail trends and issues.
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News
Rewe Group to acquire Citistore chain
Rewe Group’s supermarket division Billa in Russia is to acquire the Citistore chain operating 17 retail stores in Moscow.Citistore, formerly known as Migros Turk’s Ramstore, consists of seven owned and 10 long-term leased stores with a total sales area of 215,000 sq ft. Billa has opened just 72 stores since ...
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News
Magnit reports revenue increase
Grocery retailer Magnit has reported that preliminary consolidated, unaudited net retail revenue increased 42.1% to RUB335.6bn (£6.9bn). The retailer reported strong like-for-like sales growth of 11.1% together with increases of 9.7% in basket and 1.3% in traffic. Supermarkets and neighbourhood stores outperformed hypermarkets with like-for-like growth of 11.6% and 6.7% ...
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NewsAsda boss calls for planning freedom
Asda chief executive Andy Clarke has called on government to simplify planning legislation quickly to create a “turning point” for UK growth.
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NewsMorrisons interest in Iceland fades
Morrisons’ interest in buying Iceland Foods in a £1.5bn bid is fading as the deadline for second round bids approaches.
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NewsTesco enters F&F partnership in Saudi Arabia
Tesco has created a new franchise model to enter Saudi Arabia as it looks to turn its F&F fashion label into a major global brand.
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NewsMorrisons hires White Stuff's Lancaster for key multichannel role
Morrisons has poached White Stuff multichannel boss Alison Lancaster to head up the marketing operation at its non-food online business.
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NewsTesco defends Robbins shares sale
Tesco has refuted allegations that its chief operating officer sold £202,000 of shares in the knowledge the retailer’s stock market value was set to plummet.
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News
Coop (Switzerland) announces preliminary sales
Coop (Switzerland) has announced preliminary sales for its 2011 financial year. Net sales rose 38.9% to CHF27.8bn (£18.90bn) thanks to the full acquisition in January 2011 of TransGourmet, the former 50:50 wholesale and food-service joint venture between Coop (Switzerland) and German Rewe Group. Sales at the retail division fell 0.9% ...
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AnalysisTesco's prospects: The City view
Tesco’s poor Christmas trading update wiped £5bn off the company’s stock market value yesterday in what is being dubbed a ‘Black Thursday’ for retail.
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NewsTesco’s expansion into India undeterred by FDI uncertainty
Tesco has reiterated its commitment to expansion in India despite the false dawn of proposed changes to the rules on multi-brand Foreign Direct Investment (FDI).
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AnalysisUS discounters turn up the heat in grocery sector
Last week, US-based discount retailer Family Dollar posted a 7.6% increase in net sales to $2.1bn (£1.36bn) on the back of strong growth in the consumables category.
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AnalysisCo-op Big Deals within Easy Reach
January is always a time for the grocers to focus on deals, and the Co-op has become one of the most vocal this year in a bid to grab spend.
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OpinionHard work begins as retail fortunes diverge
One “dazzling” week’s trade in December gave the impression that retailers’ Christmases had all come at once.
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NewsFood retailers slide as sentiment worsens
As the Christmas trading statements started to come thick and fast, general retailers just about held their own against the market.
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NewsAsda outstrips rivals over festive period
A mix of advertising, promotions and vouchers brought success for Asda.
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InterviewQ&A: Philip Clarke, Tesco
Tesco group finance director Laurie McIlwee and group chief executive Philip Clarke faced a grilling from the press after the grocer reported its worst Christmas trading for decades today. Clarke talks the Big Price Drop, a move away from large superstores and why the retailer is not crisis. Alex Lawson reports
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NewsFortnum & Mason enjoys record sales
Fortnum & Mason has reported record sales figures despite last year’s UK Uncut “tax avoidance” protests.
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AnalysisMargins: What do retailers need to know?
Many retailers started their Sales early during the Christmas period. What are the implications of discounting on retailers’ margins?