Retail news from FPJ – Page 364
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Four Safeway bids referred
Trade and industry secretary Patricia Hewitt announced this afternoon that she has decided to refer bids to take over Safeway by Morrisons, Sainsbury's, Asda and Tesco to the Competition Commission.
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Safeway to complain
UK supermarket and takeover target Safeway is reported in the Financial Times saying it will complain to the Takeover Panel about a report on its accounting for payments from suppliers.
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Sun shines for bananas
Banana sales rocketed by 25 per cent in January thanks to a joint initiative between the Banana Group and the Sun.
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More gloom in Guernsey
Local government has put another nail in the coffin of the Guernsey horticulture industry.
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Growing global presence at Fresh Summit
The Produce Maketing Association in the US reports increased international numbers at its 2002 Fresh Summit conference and exhibition.
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Sainsbury's salute for flying fruit
Sainsbury's has introduced a fruit to 230 of its stores that would not normally stock the variety, to raise money for Red Nose Day and it is flying off the shelves.
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Sainsbury's suppliers turn charitable
Eight of Sainsbury's category suppliers have agreed to provide free fruit for CRISIS, one of the store's nominated charities, for periods ranging from six to 12 months.
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Retail suppliers need to reconsider
Martin Hingley, Tesco teaching fellow and principal lecturer in marketing at Harper Adams University College told delegates at the West Midlands Fresh Produce Forum last night that suppliers should evaluate success in terms of a share of network business, reductions in transaction costs and retention of business.
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Sainsbury's Healing's hand
Sainsbury's sees its way forward as developing more niche, added-value lines often using its sub brands such as the Be Good to Yourself, Taste the Difference and Blue Parrot, said Jackie Healing, senior manager of the group's quality and innovation group, pictured right with Graham Ward of the new NFU horticulture board.
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"EU enlargement is massive opportunity for SMEs"
Small businesses were today urged to prepare for EU enlargement and take advantage of the biggest single market in the world.
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Asda announces 12 new stores
Wal-Mart's UK retailing subsidiary Asda has announced the opening of 10 new stores and two supercentres on the day the parent company reported record sales and earning for the fourth quarter.
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Buy local demand outstrips supply
Research from Mintel among a sample of 993 consumers has found that demand for local produce among UK consumers is outstripping supply as more than 20 per cent complain that supermarkets do not carry enough UK-grown fruit and vegetables.
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KKR may need EU approval for Safeway
A report in The Independent suggests that any bid US investment concern KKR might make for UK retailer Safeway would need approval by EU competition authorities.
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Somerfield puts first UK toms on show
Somerfield will range UK toms, grown in the Isle of Wight, next week, one of the earliest starts ever for home-grown cherries at multiple retail level.
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Windwards worry
Windwards Bananas md Bernard Cornibert is calling for "responsible retailing" as the Wal-Mart group positions itself alongside other suitors in the race to take over Safeway and supermarket price wars on bananas continue.
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Tesco in Irish expansion
UK supermarket group Tesco is reported to be expanding its operation in Ireland.
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Store battle over bananas
According to UK press reports, Caribbean leaders claim a takeover of Safeway by Wal-Mart Asda will bring increased problems for the beleaguered banana industry in the Caribbean.