latest – Page 151
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NewsPoundstretcher sales and profits decline as estate shrinks
The business, owned by the Tayub brothers’ Crown Crest Group, closed 30 shops in the year to 31 March 2016 as part of its expansion strategy to more modern, larger sites.
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NewsLidl UK reports 10% sales boost over Christmas period
Lidl said its Christmas, ad which featured one of its turkey farms, helped boost sales of the bird by 40%
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NewsSpar UK reports strong sales but warns convenience is slowing
Spar said it aimed to draw in more customers by building on the success of fresh food sales
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NewsBest-one symbol group sales up almost 20%
New Bestway DC sees sales soar “as members get behind our fresh and chilled offer”…
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NewsSainsbury’s Christmas results: what the analysts say
Leading retail and City analysts react to the latest results
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NewsCo-op reports Christmas like-for-likes up 3.5%
The Co-op attributes success to investment in stores, focus on convenience and its heavyweight advertising campaign
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NewsMajestic Wine celebrates best ever Christmas
Majestic Wine has reported a bumper Christmas for its retail stores, with like-for-like sales jumping 7.5% – its best ever festive performance.
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NewsMorrisons Christmas results: what the analysts say
City and retail analysts react to Morrisons’ Christmas trading update
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NewsPoundworld slips to a loss as it invests in growth
Poundworld has fallen into the red despite sales growing another £40m last year as new private equity owner TPG Capital invested in future growth.
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NewsRecord year for Direct Food Ingredients
Direct Food Ingredients has increased sales 29% to a record £17.6m in 2016 thanks to the expansion of its client business and the introduction of new product ranges.
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NewsAldi reports record sales over Christmas
The discounter attributes a 15% year-on-year uplift to strong demand for premium products
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NewsCollins Seafoods margins squeezed by rising fish prices
Supplier warns seafood prices will increase this year as a result of the weak pound
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NewsLivestock price deflation takes £40m chunk from Dunbia sales
Turnover for the year to 27 March 2016 slid 4.7% to £787.5m
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NewsRowse Honey sees £17m wiped from turnover
The Valeo Foods-owned business suffered a 15% fall in sales but profits rose 52%
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NewsNFT Distribution looks to future growth after reporting loss
Food logistics group NFT Distribution has fallen into the red during a challenging year for its grocery customers but the group said it was “well-placed” for future sustained profitable growth.
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NewsPaynes Dairies revenues hit by falling milk price
The fall in turnover from £85.6m to £68m reflected the decline in the cost of milk
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NewsMeantime Brewery sales and profits fizz on craft beer boom
Increased sales in supermarkets of Meantime brands contributed to the £10m jump in revenues to £26.5m in the 15 months to 31 March 2016.
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NewsPieminister growth heats up on new site openings and supermarket launches
Profits have increased three-fold to £315k at premium pie maker Pieminister as the expansion of its restaurants and new retail launches helped sales grow 17% to £10.7m in the year to 31 March 2016.
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NewsCity Snapshot: US Customs seizure causes 14% first half sales drop for PureCircle
Stevia producer PureCircle has reported a first half sales drop of 14% as the seizure of a shipment by US Customs hit sales