Retail news from FPJ – Page 267
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Tesco launches commission challenge
Tesco has launched a legal challenge to planning proposals from the Competition Commission that would prevent it opening new stores in areas where it already controls more than 60 per cent of the market.
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ArticleFood and grocery market to hit £170bn by 2013
The UK food and grocery market will be worth £170 billion by 2013, growing at an average of four per cent a year from its current value of £140bn, according to international retail analysts IGD.
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ACS: Local shops vital
A new study commissioned by Association of Convenience Stores (ACS) has recommended that policy intervention is needed to ensure that all consumers benefit from a small store within five minutes walk of where they live.
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ArticleSainsbury's to please City
Sainsbury’s is expected to announce a 10 per cent rise in interim profits on Wednesday.
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Food inflation falls sharply in the UK
The British Retail Consortium (BRC) administered Nielsen Shop Price Index (SPI) for October has reported that annual shop price inflation is three per cent down from 3.6 per cent seen in September - the second consecutive month that inflation has fallen.
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ArticleAsda space grows quicker than rivals
If floor space is an accurate measure, then Asda can claim to be the fastest-growing supermarket chain in the UK, says a new report.
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ArticleUK interest rates cut to three per cent
The Bank of England has cut interest rates to three per cent, the lowest level since 1955, and received immediate praise for the shock move.
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ArticleSainsbury's steps up staff training
Sainsbury's staff are to be offered formal qualifications in working at the store.
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Usdaw aims for stress-free workplace
Union asks employers to reduce stress in the workplace and support its Freedom from Fear campaign
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ArticleAsda growth slows, but Bond makes £1m
Fines and legal costs related to two separate OFT probes dragged Asda’s profits down to £560 million last year, but chief executive Andy Bond saw his pay packet bulge by 55 per cent to more than £1m.
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Dunnes staff deserve Asda explanation
According to today’s Belfast Telegraph, Mandate, the trade union representing staff at Ireland’s largest retailer Dunnes Stores, has written to the company seeking clarification of rumours that it may be taken over by Asda.
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Article
Waitrose opens first Dubai store
Waitrose today opened the first of two stores in Dubai - its first shops outside the UK.
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ArticleM&S profits slump 34 per cent
Marks & Spencer (M&S) has announced a 34 per cent drop in half-year profits and plans to significantly reduce costs to regain its competitiveness on the high street
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Article
Scot study points to loose money saving
A survey undertaken in East Renfrewshire, Scotland, has revealed that shoppers can dramatically reduce their bills by buying loose fresh produce.
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ArticleBoycott builds case for London markets
At last week’s London Markets Symposium, Rosie Boycott told delegates from more than 20 London boroughs, as well as food groups and markets of all descriptions that wholesale markets are key to the London Food Strategy.
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ArticleSainsbury's tackles Brussels produce laws
Sainsbury's has written to the European agriculture commissioner Mariann Fischer Boel and British environment secretary Hilary Benn in a bid to pressurise bureaucrats to relax strict rules on the size, shape and appearance of fresh produce.
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ArticleTesco cuts sales targets
Tesco has cut its sales targets for the first time in years as it battens down the hatches and prepares the City and its shareholders for what it sees as a difficult period ahead.
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Pre-Christmas conditions to get tough
Conditions are toughening for customers and retailers as the crucial run-up to Christmas begins, said the British Retail Consortium (BRC).
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Retail margins to be squeezed this Xmas
Retail analysts Verdict Research is forecasting that UK shoppers will spend more this Christmas than last, despite the current financial crisis, but this extra spend will be driven by the higher cost of food.
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ArticleACS urges end to ombudsman prevarication
A leading trade body has hit out at the Competition Commission (CC) and government for dilly-dallying over the introduction of a grocery ombudsman, and accused supermarkets of cynical exploitation of consumer fears.