Retail archive – Page 526
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ArticleTesco unveils big profit increase
Tesco chief executive Sir Terry Leahy claimed Tesco is “at its best in tough markets” as he unveiled an 11.3 per cent first-half pre-tax profit rise this morning.
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Wal-Mart to close 20 Japanese stores
Wal-Mart’s Japanese subsidiary Seiyu Ltd is set to close 20 stores in a struggle to turn profits around
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Typhoon pushes Taiwan food prices
Taiwan has been battered by the third typhoon in recent weeks, damaging agriculture and driving food prices up
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Wal-Mart to open first India store in 2009
Wal-Mart's first cash-and-carry centre in India will open in 2009, according to press reports
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Milk scandal dents Chinese food sales abroad
In Thailand, retailers are cutting back on a range of Chinese foodstuffs after China’s tainted baby milk scandal shocks consumers worldwide
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ArticleNZ kiwifruit sales up 13 per cent
Global sales of New Zealand kiwifruit are so far 13 per cent higher than last year
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ArticleLocal sourcing is going global
Rising consumer awareness of green issues has led to an increase in demand for locally produced fruit and vegetables across Europe
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ArticleRising demand sharpens value focus
Fruitnet.com speaks to Dr David Bosshart about the impact of changing consumer behaviour on the European market for fresh fruit and vegetables
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ArticleM&S to post sales slump
Marks & Spencer is due to reveal a dramatic drop in like-for-like sales this week.
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Consumers turn backs on premium
A new Mintel survey concludes that British shoppers have finally let reality bite and bid farewell to premium ranges as the economic downturn hits home.
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ArticleSainsbury's launches confidential supplier line
Sainsbury’s has launched a confidential phone line and website to enable suppliers and colleagues to speak up if they have any concerns about fraud, theft or general rule breaches.
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ArticleIndian market tipped for US$450bn by 2015
India’s retail market is predicted to be worth US$450bn by 2015, according to a new report
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ArticleBanana boom in Japan
Banana sales in Japan have leapt upwards, following a steady rise in response to diet claims about the fruit
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Micromark launches new lighting
Leading electrical manufacturer Micromark has launched a new range of lighting display panels for trade outlets.
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North-south divide shows through at Asda
Asda has highlighted a north-south divide in the credit crunch, and economically speaking, the south is faring much better.
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Green light for Jeronimo Martins in Poland
The Portuguese retailer has been given approval to acquire Tengelmann's Plus chain of stores
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ArticleWhole Foods creates new global position
Michael Besancon will lead the development of procurement, distribution and marketing strategies
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ArticleMorrisons adds to trophy cabinet
Morrisons, which won the Foods from Spain Re:fresh Retailer of the Year in May, last night picked up the Supermarket of the Year crown at the Retail Industry Awards 2008.
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M&S sets date for Chinese launch
The UK retailer will open its first store in the country on 2 October, it has been revealed
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High street loses out to supermarkets
The UK high street endured another month of falling sales and expects the hard times to continue in October, while supermarkets enjoyed solid sales growth, according to the UK’s leading business organisation CBI.