Retail archive – Page 646
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ArticleMorrisons blames Safeway for profits warning
Morrisons has issued its first-ever profits warning, after uncovering a host of problems at Safeway, the chain it paid £3 billion for in March.
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ArticleSainsbury's names new chairman
Sainsbury’s chief executive Justin King has announced Philip Hampton will replace Sir Peter Davis as chairman of the troubled chain on July 19.
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ArticleSainsbury's snack attack expansion
Sainsbury's will "definitely" be rolling out its fresh fruit snack packs, launched last week, to stores nation-wide, buyer Dominique Schulenburg confirmed to freshinfo this week.
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ArticleInterest in 5-a-day rises
Interest in the 5-a-day logo from the department of health is growing as are the activities and outreach to consumers and response from the public, the department reports.
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ArticleMorrisons to sell off small Safeway stores
Morrisons will sell up to 120 smaller Safeway stores in an attempt to reverse poor trading from the supermarket chain.
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Hargreaves looks for greener asparagus
Hargreaves Plants has just completed planting its asparagus variety-testing site in West Norfolk in a bid to bring more true green types to UK supermarket shelves.
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ArticleSainsbury's chairman quits
Sainsbury’s has confirmed that chairman Sir Peter Davis is to step down with immediate effect.
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ArticleGreen threatens to abandon M&S bid
Entrepreneur Phillip Green has told his M&S bidding team that he would end his takeover campaign by July 30 unless shareholders placed pressure on the M&S board to open up negotiation talks.
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ArticleSomerfield announces healthy profits
Somerfield is expected to accelerate its store refit programme following the announcement of full-year profits of £41.1 million.
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ArticleSainsbury's shareholders put on the pressure
Sainsbury’s shareholders are demanding that the company’s executive pay scheme be ditched otherwise a massive shareholder revolt will take place at the annual general meeting on July 12.
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Carrefour boss signs new investor pact
Carrefour’s chief executive Daniel Bernard has signed a new pact with two of the French supermarket’s core shareholders, giving them control of around 16 per cent of its share capital and a quarter of its voting rights.
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ArticleFSA to interview M&S chief executive
Stuart Rose, chief executive of Marks & Spencer is to be interviewed by the Financial Services Authority as part of its investigation into insider dealing in M&S shares.
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ArticleSainsbury's bid to thwart shareholder revolt
A senior director at Sainsbury’s is attempting to broker a last-minute deal with city investors to avert a damaging revolt over an award of free shares worth £2.5 million to Sir Peter Davis.
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Supermarkets face ministerial questions
Competition minister Gerry Sutcliffe is to question the supermarket groups Asda, Tesco, Sainsbury’s and Safeway/Morrisons over allegations that they are giving suppliers an unfair deal.
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ArticleTesco shoppers come under scrutiny
The habits of Tesco shoppers is soon to come under the combined close scrutiny of Thomson Intermedia, which tracks UK advertising and Dunnhumby, a market researcher.
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ArticleSomerfield awaits bumper results
Somerfield is expected to announce a giant leap in profits this week as a result of it store refurbishment and cost-cutting programme.
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ArticleWaitrose heads north
John Lewis’s upmarket supermarket Waitrose is looking to break into the north of England, for the first time in 100 years, following the opening of a store in Sandbach, Cheshire.
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M&S bid battle moves on
M&S pension fund trustees met yesterday to, amongst other things, discuss the latest bid for the retail chain by Philip Green.
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Londis shareholders accept Musgrave offer
Londis retailers have voted overwhelmingly in favour of selling the convenience store chain to Musgrave.
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Wal-Mart faces massive sex-discrimination lawsuit
US lawsuit alleges women staff get a bad deal from Wal-Mart, and now involves up to 1.6 million female current and ex-employees.