Retail archive – Page 580
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ArticleGive over Darling
Retailers should not be footing the bill for incoherent government policy, says ACS
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ArticleTesco denies US rumours
Tesco has moved to quash industry rumours that key executives from its US venture are returning to the UK.
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OFT to pay Morrisons £100,000
The Office of Fair Trading will pay Morrisons £100,000 in damages after wrongly accusing the retailer of price fixing.
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ArticleMore criticism for organic proposals
The Soil Association’s proposals surrounding airfreight of organic fresh produce have come in for more criticism - this time from retailers and ministers as well as the Fresh Produce Consortium.
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ArticleCarrefour sales up but income growth marginal
Despite a 6.8 per cent increase in full-year sales for 2007, the French retail giant's annual net income rose by just 1.4 per cent
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ArticleTesco continues to top expectations
UK's largest retailer reports 11.8 per cent rise in profits for 2007, with sales up 11 per cent year-on-year
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ArticleUS retail expert slams Tesco smokescreen
An experienced US retailer turned consultant has slammed Tesco’s reports of Fresh & Easy’s performance in the US as “coded language” that is “an insult to everyone in the industry”.
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M&S to rationalise buyers
Marks & Spencer is to examine its buying department in a review that will affect at least 40 buyers, with at least six set to lose their jobs, it has been claimed.
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M&S expands in India
Marks & Spencer has its eye on the expanding middle class in India, and will open 50 new stores in partnership with local group Reliance Retail.
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My Shop is Your Shop reveals June campaign
A wholesaler-backed campaign to encourage shopkeepers to connect with their local community is to hold its fourth National Independents’ Week in June.
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ArticleCasino still winning despite tough luck at home
French retail group reports consolidated third-quarter net sales of €6.4bn
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ArticleRewe looks to expand in Russia
Acquisition of Grossmart gives German group valuable opportunity for growth
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ArticleCarrefour's Champion to become Carrefour Market
French retail giant unveils plans for revamp of Champion store network across France
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ArticleTesco reveals plans for expansion in Ireland
Tony Keohane, Tesco Ireland’s chief executive, has announced that the retailer intends to open “six or seven stores a year, for the foreseeable future”.
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ArticleEroski to convert 142 Caprabo stores to own fascia
Spanish supermarket chain Eroski, which acquired rival Caprabo earlier this year, is reportedly set to convert 142 of the total 482 Caprabo stores to its Eroski fascia.
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ArticleMorrisons reports increase in third-quarter sales
Increased promotional and branding activity pays off for UK's fourth-largest food retailer
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The Co-op unveils three-year plan
The Co-operative Group has unveiled a three-year plan to invest £1.5 billion in the business and transform its retail estate under a single unified brand.
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ArticleMusgrave reports ninth successive year of growth
Musgrave Group has announced its ninth year of consecutive profit growth for the year ended December 31 2007.
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Co-op confident of summer deal with Somerfield
The Co-operative Group confirmed today it is in talks over buying retailer Somerfield, in a deal believed to be worth around £1.7 billion.
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E-tailing bucks retail trend
Despite signs that the economy and retail sales are both starting to slow, online retail continues to power ahead unabated, according to latest research from retail analyst Verdict and the most successful retailers going forward are likely to have both internet and physical sales.