Channels news – Page 1106
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In Brief: CI Traders recovers; Desserts recalled; Joint venture; Cake-baking boom; Cardpoint in talks
Retail leisure conglomerate CI Traders' full-year pre-tax profit to January 28 rose 3.4% to £15.2m, on turnover up 11% to £326.1m. The group, which acquired two Safeway stores in Jersey and Guernsey from Morrisons last April,...
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Sainsbury to open in Upper Norwood
Sainsbury has heard the cry of a south London community desperate for a new supermarket. The retailer is set to take over a former Morrisons store in Upper Norwood, near Croydon, by August. Retailers had claimed that since the...
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Stott to act as consultant to Morrisons for one year
Bob Stott, outgoing chief executive of Morrisons, is to take on a consultancy role at the supermarket group when he steps down later this year. The retailer's annual report, published this week, revealed that Stott would work on a...
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Major Superquinn role for Musgrave's Wilson
Irish supermarket chain Superquinn has appointed James Wilson as trading director. His recruitment is a morale boost for the 22-store chain, following the recent resignation of its managing director, Dominic Galvin after just eight...
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It's time to place your bets
Ever since Morrisons announced that Bob Stott would be standing down as chief executive, the speculation has been mounting as to his successor. Would it be an insider, a woman or, perish the thought, a southerner? The Bradford-based...
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Cantor tips Holmes as next Morrisons chief executive
Tesco's convenience chief executive Colin Holmes is narrowly ahead of its commercial and trading director, Richard Brasher, in the race for Bob Stott's job at Morrisons, according to an analysis of runners' and riders' odds produced...
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Suppliers set phone ringing
Two weeks ago Asda's Dave Cheesewright told readers of The Grocer they should call him direct if they had any complaints about their treatment during the multiple's recent tough price negotiations. This week the chain's chief...
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Somerfield sharpens up
Somerfield's new trading team is already making a big impact following a series of price cuts to refocus its value position. When former Asda boss Paul Mason and former Tesco grocery trading director Colin Smith joined Somerfield...
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In Brief: Falling out; Sweet success; RHM expectations; Icy integration; Dual branding
Sainsbury was due to make a decision on the future of its relationship with the British Retail Consortium as The Grocer went to press. The retailer fell out with the BRC last month and suspended its membership through April. A...
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Concept store to boost online grocery service...
Tesco has come up with a new concept to boost its grocery offer - but it is a store that customers will never be allowed to enter. The first Tesco.com-only store opened in Croydon, south London, in February. Although from the...
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... 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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New look booze team gets the Wright stuff
Asda has restructured its buying team for beers, wines and spirits to create a new role of general manager for wine. Linsey Wright, currently Asda's general manager for chilled ready meals, joins the wine team on May 15. She will...
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Asda launches estate agency
As predicted by The Grocer last week, Asda is launching the first-ever supermarket estate agency in the summer.Homes@Supermarkets will be trialled in the north east initially, with a plan to roll it out nationally early next year under the...
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Seeing the bigger picture
The future looks bright for the Henderson Group, says Ronan HegartyMartin Agnew, MD of Henderson Wholesale, believes that the arrival of Asda on the Northern Ireland retailing scene has acted as a catalyst for those in the independent...
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Tesco makes bumper profit
Tesco has recorded a 17% increase in underlying profit to £2.25bn in its full-year results.In full-year results to February 25, the retail giant said that its group pre-tax profit increased 16.7% to £2.21bn, on group sales up 13.2% to...
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Tesco results expected
Tesco is expected to reveal full-year profits of £2.2bn tomorrow.Analysts are predicting that the UK's number one supermarket group will unveil group sales of approximately £38bn and pre-tax profit of £2.16bn-£2.2bn.They have also...
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Tesco puts availability on ice
Finally Easter marks the transition between winter and spring. The weather bucks up and the clocks change. Some things, however, stay the same. Somewhere across the country a shopper fails to find something they would dearly like to...
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Rail shops get back on track
Four years ago, independent retailer Costcutter was churning out stores on railway concourses at the speed of an express train in partnership with rail network operator Connex. All seemed to be going well, but then the project hit...
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Waitrose line-caught move for cod, haddock
Waitrose has become the first supermarket to ensure all its fresh and smoked cod and haddock is line-caught - and plans to increase its range of line-caught fish later in the year. Line catching uses baited hooks instead of trawled nets. By...
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Dairy Farmers of Britain awarded third of Aldi's liquid milk business
Milk co-operative Dairy Farmers of Britain has been awarded a 12-month contract to supply liquid milk to Aldi stores across the country. The contract, which begins next month, equates to volumes of 12.5 million litres of milk a...