Retail news from FPJ – Page 283
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King keeps his crown at Sainsbury's
Sainsbury’s shareholders voted in favour of the firm's remuneration report at the annual agm yesterday, despite complaints from some quarters about executive pay.
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ArticleCommission recognises retail power divide
The Competition Commission (CC) has identified a 13 per cent buying price advantage for superstores over other players in the grocery retail industry.
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War waged against King salary
Sainsbury’s shareholders are being urged to oppose a controversial pay and bonus deal for chief executive Justin King, to be proposed at the retailer’s agm later today.
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ArticleSainsbury's puts behaviour first
Sainsbury’s has decided that changing consumer behaviour must come before attitudinal correction in the fight to make shoppers buy more healthy products.
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John Lewis chairman calls for change
The retail industry needs to change young people’s career perceptions, said Charlie Mayfield, chairman of John Lewis Partnership at Skillsmart Retail’s first-ever parliamentary event.
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Food sector cut above the rest
Grant Thornton research has revealed that the number of positive trading statements issued plummeted to a low not witnessed for nearly two years over the second quarter of 2007; but the food sector has managed to ride the storm.
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ArticleM&S results present new challenge
Marks & Spencer has said that trading conditions will remain “very challenging” after reporting a slowdown in UK sales growth, as predicted.
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ArticleProject Bumblebee up and running
Sainsbury’s and Syngenta have now rolled out the much vaunted ‘Project Bumblebee’, an attempt to stem and reverse the humble bumble’s dwindling numbers.
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Speculation mounts over Morrisons shortlist
Morrisons is this week due to name the person in line to replace Sir Ken Morrison.
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ArticleM&S recovery train hits buffers
After a sustained period of recovery, Marks & Spencer is expected to reveal a slowdown in trading tomorrow, blaming the damaging impact of nearly two months of appalling weather in the UK.
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ArticleBudgens reaps local sourcing benefits
Latest news from Budgens underlines that the strategy of highlighting both regional and locally grown food is having a major impact on the consumer.
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Sainsbury's to capitalise on traffic power
Sainsbury’s is preparing to use delivery lorries to generate its power.
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ArticleFresh herb firms stand united
Five of the UK’s major fresh herb suppliers have clubbed together to create a brand new marketing campaign called Fresh Herbs.
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Article
Bumpkin veg added to line-up
Inspired by the enthusiastic response to its ‘ugly fruit’ range, launched in 2006, high-end retailer Waitrose has extended its range of Cook’s Ingredients to include ‘bumpkin veg’ - less than perfect vegetables and salads.
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Article
Kwik Save administrators sell 56 stores
Administrators for supermarket chain Kwik Save are "confident" that a rescue package will save 56 of the firm's stores.
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Article
Musgrave purchases J&J Haslett
Musgrave Group has acquired J&J Haslett, a major food wholesaler and cash and carry business in Northern Ireland.
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Article
Asda to launch new labelling system
Asda has announced the introduction of its own version of food nutrition labels, which will combine the existing ‘traffic light’ and GDA (guideline daily amount) systems.
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Morrisons store sell-off rumours abound
Several reports suggest that Morrisons has been approached by an interested buyer for 25 of its stores in a deal that could be worth up to £1 billion.
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ArticleKwik Save to enter administration
Kwik Save will go into administration on Friday, closing another 90 stores.
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ArticleKwik Save enters crisis talks
Talks are to resume later today over the future of beleaguered discount retail chain Kwik Save, as staff agree to go without pay for a sixth week.