Retail news from FPJ – Page 252
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ArticleSainsbury's restructure may spell job cuts
Sainsbury’s is set to restructure its head office amongst rumours of significant job cuts, according to The Telegraph.
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ArticleCo-op takeover on course
The Co-operative Group is on track to sell the 133 stores the Office of Fair Trading (OFT) requires it to following its acquisition of Somerfield, with 90 already sold.
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Retail prices set for fall
Falling oil and raw material prices as well as pressure from discounters will lead to a significant easing in grocery prices throughout Europe in 2009.
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ArticleWaitrose expansion creates 2,500 jobs
Waitrose has hit the ground running in 2009 creating more than 2,500 jobs this year in a new expansion project.
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ArticleSainsbury's exec becomes IGD president
Justin King, chief executive, Sainsbury’s, has become the president of the international food and grocery expert IGD with Charles Wilson, chief executive of Booker Group plc set to become vice-president.
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ArticleGrocers postpone recession for Xmas
Morrisons and Aldi both earned record shares of the UK grocery market according to TNS figures for the 12 weeks to December 28, 2008.
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ArticleTesco reports "tough" Christmas
Supermarket giant Tesco has reported its slowest Christmas period since the early 1990s as the country's biggest retailer felt the pinch of the economic downturn.
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ArticleMorrisons creates 5,000 jobs
Morrisons gave a boost to Gordon Brown's jobs summit by announcing plans to create 5,000 jobs this year.
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ArticleOcado sees huge sales boost
Upmarket online delivery firm Ocado had its best Chrismas ever almost doubling its previous sales figures.
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ArticleSouth African plum sector pioneers
A pioneering campaign backed by the South African stonefruit industry and the South African government to promote the country as the preferred source of plums and as a top tourist destination has been launched in London.
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ArticleBasics boost gives Sainsbury's the edge
Sainsbury’s has hailed its no-nonsense Basics range as the key to its festive boost, but admitted its premium range was suffering.
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Food retailers faring better
Retailers of food and drink are weathering the storm of tough trading conditions better than their counterparts in other sectors, according to business adviser and accountancy firm Grant Thornton.
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ArticleM&S closes stores and axes more than 1000 staff
Marks & Spencer (M&S) will cut 1,230 jobs and close 27 stores after reporting one of its worst Christmas trading performances ever.
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ArticleSupermarkets step into pound land
Morrisons, Sainsbury's and Tesco are to follow Asda into pound land and slash prices on fresh produce in a bid to regain custom from discounters.
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ArticleM&S food buoyant despite slump
Marks & Spencer has benefited from festive food treats, with consumers trading up to premium ranges, but the retailer is still expected to report its worst Christmas since its inception.
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BRC reports "poor" festive spending
The British Retail Consortium (BRC) has reported a “poor Christmas for retailers” ahead of its December figures, to be released next week.
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ArticleAsda rolls back to ignite price war
Asda has adopted pound shop tactics on more than 1000 products in a move which may light the touch-paper on a price war between the main supermarket giants.
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ArticleWaitrose enjoys Xmas sales surge
Waitrose has posted a sales surge for the week before Christmas, with a 3.5 per cent boost in like-for-like sales.
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Sainsbury's invests £9m in self-sufficient waste
Sainsbury’s is making a bid to become the UK’s first retailer to manage all of its own waste, with a £9 million investment over the next two years to open five food recycling plants.
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ArticleAldi counters 'pricey' claims
Discount chain Aldi has hit back at research published in The Grocer last week, which purported to show that it is a pricier outlet than any of the major high-street multiples.