Retail news from FPJ – Page 295
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ArticleQataris make bid for Sainsbury's
As widely expected in the City, Sainsbury's has been approached by a Middle Eastern investment fund about a possible £12-billion takeover.
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Fruit and veg firm closes after 30 years
Frank and Dorothy Carruthers have closed down their fruit and vegetable business, Market Place, in Workington, Cumbria after more than 30 years.
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ArticlePoor no worse off nutritionally, says report
A government report has revealed that families on low incomes do not eat any worse a diet than the rest of the population.
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Two new faces on Sainsbury's board
Sainsbury’s appointed two new board members ahead of its annual general meeting.
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Tesco stores shut in security alert
Fourteen Tesco stores across the UK - closed on police advice after a series of security threats - should reopen for normal Sunday trading.
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ArticleTesco returns to low-price focus
Tesco will launch its most extensive price-focused TV advertising campaign for more than 10 years tonight [Saturday].
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BRC report surprises Grant Thornton
Following the release of the British Retail Consortium (BRC) report, David Bush, head of Grant Thornton's Retail Services, has revealed that he was “extremely surprised” by its findings.
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Tributes pour in for fruit and veg stallholder
A Londonderry man was mown down yesterday at a fruit and veg stall during a police car chase.
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Aldi gunning for Morrisons spot
Aldi is setting out on an expansion drive to oust Morrisons from the fourth spot in the UK retail market.
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Morrisons swaps Sirs, as Ian replaces Ken
Sir Ian Gibson has been confirmed as the successor to Morrisons’ outgoing chairman Sir Ken Morrison.
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Kwik Save franchisee trades on
Since Kwik Save went into administration last week, one fresh produce franchisee has been trading through a fire escape at one of its stores.
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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.