Retail archive – Page 605
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Compass points south with profit dive
Compass, the world's biggest caterer, has revealed a drop in first half profits.
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ArticleNew Dutch Morrisons facility open
Morrisons has officially opened its newly enlarged vegetable and fruit packing plant in the Netherlands.
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MBL aims for independents with new appointment
Musgrave Budgens Londis (MBL) has appointed Mark Aylwin as supply chain director.
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Morrisons looks to Norman
Morrisons bosses are rumoured to be considering approaching former Asda boss Archie Norman to take on the chief executive role.
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ArticleSainsbury's profit slide masks recovery
Sainsbury's this morning reported a profit slide, but said that the recovery signs are becoming stronger.
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Tesco pays out £220m in bonuses
Bonuses have pushed Tesco boss Sir Terry Leahy’s pay beyond the £3 million mark, according to reports.
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New chairman for M&S
Marks & Spencers chairman Paul Myners is to be replaced by Lord Burns following months of boardroom infighting over his future.
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Retail market polarisation
The retail market is polarising, claimed Nick Everitt, programme manager with the IGD.
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Morrisons under pressure
Calls are increasing for Sir Ken Morrison to step down, after his retail chain issued its fourth profit warning since taking over Safeway.
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OFT offers little comfort
Consumer interests are greater than those of suppliers in the eyes of the Office of Fair Trading, delegates to the Re:fresh Conference were told.
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ArticleSomerfield quick off the mark with award
Award-winning Somerfield has been quick off the mark to announce its success as Foods from Spain Multiple Retailer of the Year.
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ArticleMultiples raise c-store standards
The entry of the multiples into the convenience-store sector has raised the standards in fresh produce for everyone, while Tesco learns convenience is a one-chance market.
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ArticleDevaluation must end
The emphasis on price and the devaluation of fresh produce needs to end, industry leaders said at the Re:fresh Conference.
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Asda's profits disappointment
Asda has revealed disappointing results for the first quarter, with profits below expectations.
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ArticleRidge poses challenge
There is no other sector in own-label with as much going for it as fresh produce, Somerfield technical solutions director Steve Ridge told delegates at Re:fresh.
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M&S board fails to agree in chairman row
Further infighting at Marks & Spencer is expected after the board failed to reach agreement over who would be its next chairman this week.
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Morrisons shares drop
Shares in Morrisons took a plunge yesterday after rumours began about another profit warning from the floundering retailer.
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Somerfield feels pressure on sales
Somerfield sales slowed in the second half of its financial year.
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M&S chairman row continues
A former bank chairman has been named as one of three candidates for the role of Marks & Spencer chairman.
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Compass chairman to step down
Headhunters have been called into foodservice giant Compass following the chairman’s promise to quit.