Retail news from FPJ – Page 274
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Fruit and veg prices soar by 23 per cent
The price of fruit and vegetables has reached its highest point in three years, with a typical basket of fresh produce costing 23 per cent more than it did in July.
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Tesco defies expected consumer slowdown
Tesco is weathering the global credit crunch well, today unveiling a 4.1 per cent increase in like-for-like sales in the UK, excluding gasoline, for the third quarter.
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US groups unite on traceability front
Representatives from more than 30 US companies, from a broad cross-section of the produce supply chain, have been appointed to serve on the steering committee of the Produce Traceability Initiative.
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ArticleM&S and Tesco top of admiration awards
Marks & Spencer has been voted Britain’s Most Admired Company, in an awards ceremony organised by Managementtoday.com (MT).
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Asda comes out on top for festive value
Asda has been named the cheapest place to buy Christmas dinner, as it slashes prices in the run-up to the festive period.
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TNS predicts rosy future for Tesco in US
TNS Retail Forward estimates that Tesco could be a $4 billion (£1.9bn) retailer in the US with 500 stores, with sales potentially reaching $10bn by 2015.
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ArticleFlorette in fine fettle
Prepared salad specialist Florette has reported a robust trading period over the past month.
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ACS states wage case
The Association of Convenience Stores (ACS) has reinforced its concerns surrounding the national minimum wage and its impact on small retailers, by giving evidence to the Low Pay Commission as part of its latest consultation.
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ArticleAsda sales rose by £1bn in 2006
Accounts filed this weekend at Companies House show a sales rise of close to £1 billion at Asda in 2006.
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ArticleVerdict is to aim older
After years of focusing on younger consumers, retailers need to tailor their offer to the silver-shopper generation of older consumers if they want to take advantage of a lucrative growth opportunity.
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Morrisons rebrand fuels sales growth
Morrisons has enjoyed a sales boost following a rebrand and a new advertising campaign.
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FoE makes local friends
Independent retailers are getting a boost from a new Friends of the Earth campaign to stock local shops with local produce.
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ArticleOnline produce has shorter shelf life
Fresh produce bought online may have a shorter shelf life than that bought in store, a new report has claimed.
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ArticleM&S crowned most reputable by UK consumers
Marks & Spencer has topped the list of 10 companies named by the Confederation of British Industry (CBI) as having the best reputation among UK consumers.
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ArticleJP Morgan: Morrisons to benefit from Somerfield sell-off
Morrisons is establishing its most promising growth pattern since its acquisition of Safeway, in 2004, and it is set to benefit from Somerfield strategy.
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Supermarkets consult lawyers on report
According to FT.com, the UK’s leading supermarkets have begun what will be months of meetings with their legal advisors, to analyse their positions before the Competition Commission publishes its final report next year.
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ArticleMike Taylor dies, aged 69
Mike Taylor, director of Flamingo Holdings and best known as the man whose face represented Marks & Spencer’s fresh produce and food divisions for more than 30 years, died this morning, aged 69.
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Easy does it for Asda
Asda is reportedly keen to position itself as the “EasyJet of retail”, while trying to disassociate itself with its downmarket image and attract more top-end shoppers.
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ArticleMorrisons wins recycling award
Morrisons has won a major recycling award for its Recyclopedia initiative for its own-brand packaging.
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ArticleBond: Asda results very positive
Asda has achieved "very positive" quarterly results, despite the impact of a more difficult retail environment, said chief executive Andy Bond.