All news articles – Page 4002
-
News
Coles Myer buys liquor stores in NSW
Australian retailer Coles Myer has bought 49 outlets and four hotels owned by independent operator Theo's Liquor in Sydney, New South Wales for an undisclosed sum.Coles Myer CEO John Fletcher said the company was keen on buying a further 20...
-
News
Reckitt warns on fake Dettol product
Reckitt Benckiser has warned that counterfeit 500ml bottles of Dettol are being supplied to a limited number of wholesalers and retailers in the UK.Reckitt warned that using the fake Dettol could be harmful to consumers due to the presence...
-
News
ABF sells glass unit
Associated British Foods has sold its Allied Glass Containers business to management for an undisclosed sum. ABF whose brands include Twinings tea and Ovaltine milk drink, said the business had sales of £58m and net assets of £42m as of...
-
News
Heinz sales squeeze ahead
HJ Heinz said its ketchup shipments were ahead 17% Stateside boosted by the success of its new upside down Easy Squeeze bottles for the sauce.Group sales for the second quarter rose rose 6.4% to $2.6bn from $2.4bn a year ago, while Heinz's...
-
News
Supermarkets to blame for “ghost towns”
Neighbourhood shops and services are set to decline and could turn many communities into economic ”ghost towns” within 10 years, according to a study by a green pressure group.A report by the New Economics Foundation found that between 1995...
-
News
CTM sets up retailer club
Today's member CTM Wholesale has launched the Very Important Trader (VIT) retailer club initiative from its new Wrexham depot.VIT – a retailer club for delivered customers offering preferential terms to retailers who adhere to certain...
-
News
World News - 14th December 2002
Mcc-store. McDonald's is testing a vending machine that could see it compete with c-stores in Washington DC. The Tik Tok Easy Shop, which accepts cash and debit and credit cards, is stocked with convenience products such as soft drinks, milk,...
-
News
World News - 14th December 2002
Closure cost. Japanese supermarket operator Ito-Yokado said store closure costs had hit full-year profit, but sales at its 7-Eleven c-store operation had pushed up turnover. Ito-Yokado also incurred losses from its new financial services...
-
News
World News - 14th December 2002
In fine spirits. French spirits group Pernod Ricard has posted a 15% rise in full year net profit boosted by its Seagram brands such as Martell cognac and Chivas Regal scotch, which it bought in December 2001. Pernod's other brands Jameson...
-
News
World News - 14th December 2002
Cokejobs go. Coca-Cola is to cut 1,000 jobs following the merger of three divisions in North America. The soft drink giant said Coca-Cola North America, Coca-Cola Fountain and its Minute Maid juice operation would be united in a new business...
-
News
World News - 14th December 2002
Contracting. Cash-strapped US grocer Kmart said it is to close 326 stores and a distribution centre and slash about 37,000 jobs in a bid to emerge from bankruptcy by the end of April earlier than expected. Kmart said it expected the move to...
-
News
World News - 14th December 2002
HQ searched. Ahold's corporate headquarters were searched last week by the public prosecutor in Amsterdam. The prosecutor said the investigation related to the consolidation of a number of Ahold's global joint ventures. Ahold has been...
-
News
World News - 14th December 2002
Softer sales. Unilever believes it has weathered the storm after a slump in sales of its ice cream brands this summer due to bad weather across Europe. Based on the first two months of the third quarter, it predicted it would sustain growth...
-
News
World News - 14th December 2002
Tops trouble. Dutch multinational retailer Ahold has revealed further accounting irregularities, this time at its US grocery chain Tops Markets. Ahold said internal investigations had unearthed "intentional accounting irregularities involving...
-
News
World News - 14th December 2002
German plan. Belgian retailer Delhaize has confirmed plans to move into the German market. The entry vehicles will be a supermarket in Aachen, possibly under the Super Delhaize fascia, in March followed by an inner city c-store in September. ...
-
News
World News - 14th December 2002
Lidl chance. German discount chain Aldi has a clear advantage in Europe over its rival Lidl both in terms of store numbers and store performance, according to IGD. In a report on the grocery discount market IGD said number two chain Lidl stood...
-
News
World News - 14th December 2002
Kroger gloom. US supermarket chain Kroger posted a 6.6% drop in third-quarter net earnings and said it expected zero profit growth next year. The Cincinnati retailer said it now expected 2003 earnings to be unchanged from 2002 rather than previous...
-
News
Cellar 5 blames debts and multiple price cuts
Elaine Watson Discount booze and c-store chain Cellar 5 has called in the receivers, blaming mounting debts and relentless price slashing from the multiples. Over 330 stores under the Booze Buster off-licence banner, 60 Right Choice c-stores...
-
News
Asda rolls back the basket price yet again
Asda took our Grocer 33 shopping basket to a new low again this week, when its Spondon store checked out the full list for £35.69. The store's new record, beat the all-time low of £35.90 which Asda in Havant produced last month. Tesco took...
-
News
Cereal Partners appoints MD
Cereal Partners UK, the Nestlé-General Mills joint venture, has promoted Phil Ruebotham to MD, replacing Jeremy Preston who is retiring after 12 years at the top of the company. Ruebotham will oversee the company's growth in the breakfast cereal...