Retail news from FPJ – Page 266
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ArticleSainsbury's gears up for next three-year plan
Sainsbury’s chief executive Justin King is set to launch his next three-year plan, with the aim of generating an extra £3.5 billion of sales.
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ArticleOFT probes grocery price collusion in UK
The head offices of at least two of the UK’s big four supermarkets were “raided” this week, as an investigation into grocery price fixing was stepped up.
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ArticleHot mash cones for cold summers
Mini cones of bangers and mash have been unveiled as the latest all-weather alternative to the ’99 Flake.
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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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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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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.
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ArticleJamie Oliver named most iconic British chef
Jamie Oliver has been voted the most iconic British chef of all time.
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Credit crunch bites into retail
Small and medium size businesses operating in the retail sector are really feeling the bite of the credit crunch according to a new study released this week.
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Retailers urged to bond with local communities
The Association of Convenience Stores (ACS) introduced one of the finalists of its Community Heroes Awards in a panel discussion at the Convenience Retailing Show, to brainstorm how independent retailers can bond with their local communities.
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ArticleTesco nears £3bn profits
The Tesco bubble shows no sign of bursting, as the group this morning announced an 11.8 per cent increase in annual profits for 2007 to £2.846 billion.
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ArticleFrozen veg enjoying resurgence
Frozen alternatives to fresh fruit and vegetables are enjoying a resurgence in the convenience sector, according to Birds Eye.