Retail archive – Page 648
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ArticleRose appointment bolsters M&S defence
Marks & Spencer has appointed Stuart Rose, former head of clothes store group Arcadia, as its new chief executive.
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ArticleTesco targets China
Tesco is looking to expand into China, as price competition at home is stifling profit growth, according to chief executive Sir Terry Leahy.
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ArticleSwiss Coop goes 100 per cent Fairtrade bananas
The Coop in Switzerland has become the first supermarket chain to switch all of its bananas to Fairtrade.
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ArticleGreen light for M&S takeover
Retail entrepreneur Philip Green is considering a bid for Marks & Spencer.
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Snell moves up at Asda
Mike Snell is to leave his position as head of the fresh produce team at Asda.
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ArticleTomatoes take multiples by storm
Supermarkets revelled in staggering increased UK tomato sales last week as interest in the category soared during the first ever British Tomato Week.
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Gangmaster report calls for government urgency
The Environmental Food and Rural Affairs Committee’s latest report into gangmaster activities argues the government is still failing to respond quickly to illegal activities on the part of some gangmasters.
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M&S sales disappoint
Marks & Spencer has said it is not satisfied with its sales despite reporting a modest profits increase.
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Wal-Mart eyes European move
Wal-Mart wants stores in every country in Europe and will consider opening its own outlets as well as making large acquisitions, according to the retail giant’s chief executive.
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Former T&S pair launches Londis bid
Two former T&S directors are planning a £60 million private equity-backed bid for Londis, the convenience store group.
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Shares for Sainsbury's chief as staff bonus is axed
Sainsbury’s chief executive Justin King has been allocated free shares worth up to £504,000 as the supermarket group confirmed plans to scrap the staff’s annual Christmas bonus.
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Co-op posts best growth since 1960s
The Co-operative movement’s net profits rose by 38 per cent last year to £441 million, it reported at its annual congress in Manchester.
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ArticleCape celebrates decade of South African democracy
Cape is running a four-week South African apples and pears promotion throughout selected Tesco stores, to celebrate a decade of democracy in the country.
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Safeway's Burd retains position
The position of Steven Burd, chairman and chief executive of Safeway in the US, appears safe after rebel shareholders mustered only 16.7 per cent vote against his reappointment.
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25th retail display directory edition to be launched
The Shop and Display Equipment Association is releasing its 25th edition of its sdea Directory in June.
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ArticleSafeway sales slip despite price cuts
Morrisons has admitted that Safeway’s sales were continuing to fall despite cutting 7,500 prices.
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ArticleFive-a-day in "crazy" prosecutions
On-going court cases against two leading UK multiples regarding health claims made on their fresh produce packaging have incensed the trade and retailers and threaten the government's five-a-day health message.
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Safeway shareholders confront chairman Burd
Safeway chairman Steven Burd has a shareholder battle on his hands at the agm on May 20.
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Tesco boss sees pension pot double
Tesco chairman David Reid has seen the value of his pension pot soar by more than 50 per cent to £8 million during the last financial year.
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ArticleGeest profits on target
Geest’s UK prepared food business continues to grow like-for-like at five to six per cent despite increasing competition, it has reported at its agm.