Retail news from FPJ – Page 261
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Somerfield takeover imminent
The Co-operative Group is expected to announce a £1.5-1.6 billion takeover of Somerfield this week - £300 million less than the supermarket chain had been after when it went on the market a year ago.
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Fresh food leading retail price inflation
Retail prices have risen less than overall inflation, it was confirmed this week.
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MIS improves service
The industry owned supermarket-monitoring service Market Intelligence Services (MIS) has increased the coverage and frequency of its collections.
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ArticleMurraymania serves up berry boost
Tennis star Andy Murray’s strong performance at Wimbledon served up good news for Tesco and Scottish strawberry supplier Angus Soft Fruits (ASF), as his run appeared to give strawberry sales a boost.
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Rose gets shareholder backing
Marks & Spencer executive chairman Stuart Rose has been reappointed, despite nearly one in four shareholders refusing to lend him their support.
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ArticleUtopia cherries get PushPop treatment
Utopia UK Ltd has launched new-season cherries in Waitrose in Amcor’s innovative PushPop pack.
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Waitrose to open convenience format
Waitrose will launch its first grocery convenience store early next year, according to The Independent.
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ArticleBooths battles the big boys
North-west supermarket groups Booths posted a 30 per cent increase in profit for last year, up from £6.9 million in the previous 12 months.
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Further price cuts announced at Morrisons
Morrisons is cutting prices on a range of summer lines, including some fresh produce items, to offer consumers a basket of eight goods for just £4.
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ArticlePM pledges to curb food waste
Food campaigners have urged supermarkets to cut unnecessary food offers, following a statement from prime minister Gordon Brown pledging to reduce food waste and stem escalating food costs.
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M&S board prepare for shareholder wrath
Sir Stuart Rose and his M&S board face a fiery annual meeting on Wednesday, after an unexpected profit warning this week.
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ArticleACS sets out stall
The Association of Convenience Stores (ACS) is to focus on planning policy reform and the proposed retail ombudsman, as it continues its campaign for a fairer grocery market.
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ArticleTesco lifts banana price
Tesco increased the retail price of its bananas this week to 77p a kilo on loose fruit - 10p higher than Sainsbury’s, Morrisons or Asda.
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Aldi unveils expansion plans
German discount chain Aldi is planning to open a new store in the UK every week, following a 20 per cent rise in sales in the past month.
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ArticleSales slump at M&S
Sales at Marks & Spencer dropped 5.3 per cent in the last three months, the high street chain has revealed, with its food business particularly affected.
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ArticleTesco appeals against Competition Commission proposals
Tesco is launching a legal challenge to the Competition Commission’s proposal to introduce a piece of legislation preventing stores from opening in towns where they already operate a large market share.
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ArticleSainsbury's fuels fresh takeover rumours
Sainsbury’s has refuelled takeover rumours, with a report saying the chain is looking at selling its pension scheme.
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ArticleCo-op prepares to clinch Somerfield deal
The Co-operative Group may buy supermarket chain Somerfield in a deal worth up to £2 billion from its private equity owners next week, the Sunday Express reported.
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ArticleTesco performs Zim produce u-turn
The UK’s number one supermarket turned its back on Zimbabwean farmers last night, by caving in to public pressure and agreeing to take the country’s food off its shelves.
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ArticleSpanish Picota cherries hit the UK
The first arrivals of new-season Picota cherries from Spain hit the UK this week, backed by a promotional campaign by Foods from Spain.