SPAR has opened a flagship hypermarket, of 8,000 sqm, in the new Mantri Mall
in Bangalore.
Dr Gordon Campbell, Managing Director of SPAR International, said:
"The
launch of the Mantri Mall store reflects the expansion of SPAR not just in India
but globally, into new and exciting ...
Netto is to launch a new price promotion featuring a range of products at £1.
Leading brands of frozen foods, snacks, fresh fruit and household cleaning
products will feature within the initiative. Bent Holm, Trading Director
for Netto, said:
"We understand just how expensive life ...
Walmart Canada has announced that it will roll back prices on more than
10,000 items across all departments throughout March including food, apparel,
health and beauty products, home and seasonal items and electronics. In
addition the company has also announced that it will reduce prices ...
Tesco is to launch a premium range of clothing which will be available
through its website. The 'F&F Couture' will be a more fashion driven
collection with prices ranging from £40 to £140, and is an extension of its
existing brand, 'F&F Collection'. Terry Green, ...
Speaking in an interview with The Observer, Mark Price, Waitrose's
Managing Director has announced plans to develop the Waitrose brand and its
range of private label products, making them available to other retailers.
Commenting on the plans, he said:
"What we are trying to do is ...
Poundland has announced plans to open 50 new stores in the UK in the next
financial year, taking its total number of stores to 311. This follows on from
significant expansion over 2009/10, with 61 new stores opened. Commenting on the
plans, Poundland's Chief Executive, ...
Following the successful launch of its first warehouse in Australia, Costco
is expecting to increase the pace of openings over the next three years.
Speaking on an analysts' conference call last week, Costco's Chief Financial
Officer, Richard A. Galanti, said:
"We are ramping up some of ...
A number of key initiatives at Woolworths have contributed to improved
customer numbers, increased items sold and improved basket sizes. These
include the rollout of the 2010c format, the Everyday Rewards Program with Quantas
Frequent Flier Points, the improved range and offer, and the substantial ...
Richard Jones is to replace Terry Green as the head of its clothing
operations, The Financial Times reports. Richard Jones, who left Sainsbury's as its head of non-food,
and had been instrumental in establishing the TU clothing brand, to join Tesco
in 2008, is also ...
Morrisons' full year results, covering the 52 weeks to 31 January 2010,
reveal that total sales (inc-fuel) increased by 6.0% to £15.4bn, with store only
sales increasing by 9.0%. Like-for-like sales (ex-fuel) also increased by
6.0%. Operating profit increased by 35.2% to £907m. Commenting on ...
The John Lewis Partnership has released results for the year to 30 January
2010 revealing a 6.5% increase in group sales to £7.42bn (8.4% on a 52 week
basis*). Waitrose sales grew 11.1% on a 52 week basis to £4.53bn with like for
like growth ...
Delhaize has announced a strong set of results for 2009. Revenue increased by
1.2% (at identical rates and by 4.8% at actual rates due to the strengthening of
the USD against the EUR), to €19,938m. Adjusted operating profit* grew by 4.6%.
CEO Pierre-Olivier Beckers commented: "In ...
Vietnamese retailer Saigon Co.op is considering a move into Cambodia,
according to press reports. Although plans have yet to be confirmed, it is
hoped that construction of at least one store will begin before the end of the
year.
...
Kooperativa Frbundet (KF), the Swedish Cooperative Union which owns Coop
Sverige has today announced an increase in sales and operating profit for 2009.
KF group sales rose 3.9 percent up to SEK37,209 in 2009.
The group's retail activities (Coop Sverige), which make up the core ...
Sobeys' third quarter results, covering the 13 weeks to January 30, 2010,
have revealed that total sales increased by 0.9% to $3.8bn, with same store sales increasing by 0.3%. Net earnings over the same period increased by 18.0% to $63.5m, ...
SPAR UK has revealed a new consumer website that will enhance the convenience
group’s food and drink credentials, and champion its ongoing commitment to
athletics sponsorship.The website will bring SPAR’s long-term link with UK and
European Athletics to life in the run up to the ...
Research published today by IGD, has found that 80% of food manufacturers and
retailers expect to increase their training and development budget per head over
the next ten years. The research which will be unveiled by Joanne Denney-Finch,
Chief Executive, IGD, at the IGD Food ...
Target is the first national retailer in the US to offer a scannable mobile
coupon program that enables customers to receive exclusive offers directly on
their mobile phones. Coupons are redeemed by scanning a barcode on the phone at
checkout. Commenting on the initiative, Steve ...
Loblaw has announced that it is to install innovative solar technology on the
rooftops of four stores in Ontario as pilot projects. Select Loblaw stores in
Ajax, Orleans, Toronto and Whitby, will install photovoltaic panels to leverage
solar energy and provide green power to local ...
Sam’s Club has announced a new joint business planning (JBP) approach to
foster collaboration with its suppliers across all categories to increase value
for its members, provide profitable growth and returns as well as drive
innovation for both the company and its suppliers. Linda Hefner, ...
Figures from the BRC Retail Sales Monitor for February reveal that UK total
retail sales rose 4.5% year-on-year on a total basis, against a 1.2% increase in
January when the retail sector was impacted by the heavy snow. On a three-month basis, total sales ...
The Dutch Competition Commission (NMa) has conditionally granted approval for
Schuitema to acquire 79 former Super de Boer supermarkets, now owned by Jumbo
Groep. The announcement forms part of the wider transaction that witnessed Jumbo
acquire the entire Super de Boer business at the end ...
Reitangruppen has announced a strong performance for 2009 with solid sales
results and an increase in profits compared with the previous year.
Odd Reitan, chairman of Reitangruppen commented that the company was very
pleased with the latest set of results, and its performance will facilitate
further ...
Kroger has reported that total sales, including fuel, increased 7.2% to
$18.6bn in the fourth quarter of fiscal 2009. Excluding fuel sales, in the
fourth quarter total sales increased 2.0% and identical supermarket sales
increased 1.2% over the prior year. For fiscal year 2009, total ...
Couche-Tard's third quarter results, covering the 16 weeks to February 1,
2010, reveal that total sales increased by 26.2% year-on-year to $4.9bn.
This strong growth is mainly due to increased fuel prices in the quarter, the
positive impact from a strong Canadian dollar and growth ...
Waitrose's Managing Director Mark Price has reiterated his company's plans to
significantly grow the business over the long term. Over the next ten years, the
goal is double the size of the business, increasing sales from £5bn to £10bn.
This will be driven by range ...
Aditya Birla Retail Ltd (ABRL) has revealed that it plans to re-energise the
hypermarket format and reassess its supermarket strategy. Speaking in the
Indian press, CEO Thomas Varghese said: "We want all our stores to be
profitable by 2012. We are becoming realistic now. We ...
Mercadona has revealed gross sales for 2009 up 1% compared to the previous
year, along with a 16% fall in net profit.
Mercadona has focused on simplicity, optimising the assortment and price
innovation. Initiatives launched during the year have brought down prices by 10% and ...
Asda is to offer a 100-day ‘no quibble’ guarantee on all its George clothing
ranges, emphasising the confidence which the retailer has in the quality of its
ranges. This follows on from the introduction of a 100-day guarantee
on its Back to School range ...
Spar UK is to launch its first ever wine festival next month, offering
discounts of up to 25% off over 35 different wines. Commenting on the
initiative, SPAR UK Wine Controller Laura Jewell MW said:
"We have committed real investment and resource into finding some of ...
