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more results news & analysis – Page 227
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News
Rejected 31% profit margin 'proves the waterbed effect'
A confectionery supplier has hit out at the supermarket chains after Morrisons rejected one of its products because the 31% profit margin it offered the retailer was considered too low.Roy Willett, MD of manufacturing wholesale...
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A mixed and not-so-greenset of results
The multiples still have work to do to become environmentally friendly if this quarter's The Grocer 33 online survey is anything to go by.Despite their much-trumpeted environmentally friendly plans, the multiples used 53 plastic bags...
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Festive sales brighten independents' mood
It wasn't just the multiples that enjoyed the Christmas spirit - the festive period was just as much a winner for independents. Nisa-Today's put to rest the ghost of Christmas 2005 - when it suffered serious distribution problems at its...
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M&S results expected
Marks and Spencer is expected to report its half-year results tomorrow (Tuesday).Analysts have predicted that the retailer will record like-for-like sales of 3-5%, slightly down from 5.8% in the first quarter, but a pre-tax profit of...
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Own label, Fairtrade, organic in lead as premium sales soar
Own label products constitute two-thirds of premium grocery offerings sold and are enjoying growth ahead of the market as a whole. A study of Tesco Clubcard data by Channel 4, Dunnhumby and media surveying company TGI, indicated that an...
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Net sales set todouble
A grocery retailer with sales exceeding those of Waitrose or Somerfield. That will be the size of the internet grocery market in the next five years as its value more than doubles, a new report seen exclusively by The Grocer reveals. The...
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JS aims to drive up online sales to £500m by 2008
Sainsbury's aims to more than double its online sales to £500m by 2008, as part of plans for its website to make a bigger contribution to its 'Making Sainsbury's Great Again' turnaround strategy.The increased sales from its current...
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3663 sales growth despite MoD loss
Wholesaler 3663 First for Foodservice expects to report full-year turnover in excess of £1.4bn next month, compared with sales of £1.29bn last year. In an exclusive interview with the The Grocer, 3663 chief executive Fred Barnes said he...
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McCracken hails recovery in food sales
The Co-operative Group's food retail business is enjoying its first period of like-for-like growth after almost two years of negative same store sales. In an exclusive interview, Guy McCracken, who heads the food business, said: "In the...
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News
Uniq results expected
European convenience foods group Uniq is expected to report its full-year results tomorrow (Tuesday).Analysts are expecting the group to report full-year profit of £5m, against £22.5m the year before.In March this year Uniq warned...
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Food sales drive group recovery at upbeat M&S
Marks and Spencer served up a strong set of results this week, thanks to the food business that it intends to grow further, says James DurstonThe nationals have been obsessed with the nascent signs of recovery shown by Marks and...
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M&S results expected
Marks and Spencer is this week expected to reveal full-year pre-tax profit of approximately £751m, up from £618m the year before.Analysts have also predicted that the retailer will unveil plans to increase the amount of space in its stores...
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Store managers key to making POP lift sales
Manufacturers who invest in point-of-purchase advertising designed to drive sales in-store are wasting time and money unless they build a relationship with store managers. New research indicates retail buyers are completely uninterested...
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News
In Brief: Wilkinson's blitz; Organic growth; Shipment Service; Trading results; Gum campaign
General merchandise retailer Wilkinson has launched a ‘Price Blitz’ as part of its ongoing trial of the sale of grocery products in its stores. As part of the promotion, which will run throughout the six-month grocery trial,…
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News
... as Sir Terry reports £2.2bn profit
Tesco reported record profit this week of £2.2bn, but its growth in recent months slowed to its lowest in four years. Tesco chief Sir Terry Leahy admitted that it was now growing slower than some of its competitors, following...
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In Brief: Northern rumours; Sale closer; Bleak house 2; Living for Scots; Tobacco profit up
Northern Foods could be planning to sell its biscuits business Fox's Biscuits. Reports suggest the company could be planning to sell its bakeries and flour mills division, which includes Fox's Biscuits. The division recorded sales of...
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C-store shoppers push Centra sales over E1bn
A change in the Irish lifestyle helped sales at Musgrave’s Centra franchise chain break the E1bn barrier for the first time last year.Reporting sales of E1.035bn, a 14% increase, Centra managing director Donal Horgan told a group national...
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Irish MPs calling for profits probe
An Irish parliamentary committee has called for an official study to establish the profits made by multiples in the Republic’s l7bn-plus grocery market, and which are not disclosed by the major chains, Tesco, Dunnes and Superquinn. As part of...
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Irish retailers’ profits soaring
Profits in the Republic of Ireland’s wholesale and retail grocery sector may be higher than 11.3bn a year, according to the Department of Finance.It is the first official estimate, as the major supermarkets – Tesco, Dunnes, Superquinn, Aldi and...
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Tates’ fresh look boosts sales
An initiative to boost fresh produce takings in Spar stores has resulted in a sales uplift of almost a third in 12 months.Central Meridian Spar wholesaler AF Blakemore undertook a “root and branch overhaul” of its fresh produce offer last...