Retail news from FPJ – Page 325
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M&S chairman row continues
A former bank chairman has been named as one of three candidates for the role of Marks & Spencer chairman.
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Compass chairman to step down
Headhunters have been called into foodservice giant Compass following the chairman’s promise to quit.
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Musgrave reveals record results
Musgrave Group has announced record sales and profits for 2004 despite challenging trading conditions.
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New bid for Somerfield
United Co-operatives has entered the fray in the ongoing bid battle for Somerfield.
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Retailers look to government to deliver
Retail bosses are calling on the newly re-elected government to lighten the burden of regulation on the sector.
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Asda loses market share
Asda has seen a fall in market share for the first time in several years, according to latest figures.
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ArticleBig issues top the agenda at Re:fresh conference
Re:fresh Conference round-up: Consumer interests are greater than those of suppliers in the eyes of the Office of Fair Trading, delegates to the Re:fresh Conference were told yesterday.
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Retail sales fall, but grocery grows
The volume of retail sales fell again in the year to April, the most significant year-on-year fall since July 1992, according to the CBI's monthly Distributive Trades Survey.
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Morrisons sells Channel Island stores
Morrisons has sold its two Channel Island Safeway stores to a Jersey-based business.
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Tesco and Asda go to Hull and back
Tesco is fighting an unlikely battle with rival Asda to take control of shoppers in Kingston Upon Hull. Tesco will also invest heavily in its internet shopping operations in London.
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Labour costs adding to squeeze
UK Producers and packhouses are struggling to keep up with spiralling labour costs, as their retail customers tighten the squeeze on prices, warn gangmaster bosses.
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Sainsbury's buys c-store chain
Sainsbury’s has increased its c-store portfolio with the acquisition of SL Shaw.
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Somerfield bidding war hots up
Fresh bids have been lodged as the battle to take over the Somerfield group gathers pace.
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Morrisons looks into Safeway accounting
Morrisons has launched an inquiry into the accounting problems it has uncovered within the Safeway business.
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Jersey Royals marketing deal
Jersey Royal producers have signed a deal to extend the marketing of their crop to foodservice and independent retailers.
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Sainsbury's caters for Good Lifers
Sainsbury’s is hoping to bring the concept of the allotment into the kitchen with the launch of a Living Salad.
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Tesco ignores traffic lights
Tesco has rejected the government’s traffic light labeling system to show the salt, sugar and fat content in food products.
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ArticleMcDonald's releases healthier results
Fast-food giant McDonald’s increased focus on salads has proved the driving force for sales, boosting net profits by 42 per cent.
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M&S closure could cost 400 jobs
Marks & Spencer is considering 400 job cuts with the closure of a distribution centre in Tunbridge Wells.
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ArticleAsda said to be lining up Somerfield bid
The Financial Times reports that Asda is lining up Somerfield.