Channels news – Page 1189
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News
Tesco ready to enter the Chinese market
Tesco is in talks to enter the Chinese market with a possible 50% stake in the 25-strong Hymall chain from holding group Ting Hsin International.And a Citigroup Smith Barney report into grocery retailing in the Far East, said it believed...
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Londis put up for sale
The Londis board has recommended that the symbol group be put up for sale three months after Irish food group Musgrave’s controversial £40m offer sparked a bidding frenzy for the convenience chain.Londis said that following a strategic...
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Tesco launches Fairtrade range
Tesco will launch a new own label Fairtrade range this week to coincide with the start of Fairtrade Fortnight and the 10th anniversary of the Fairtrade Mark.Fairtrade Fortnight runs from March 1-14 and annual sales of Fairtrade goods have...
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Bells probe is ‘just a formality’
Office of Fair Trading scrutiny of the grocery sector increased this week when it gave the trade until March 9 to comment on any “competition or public interest” issues arising from Sainsbury’s acquisition of the Bells Stores chain.The...
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Londis decision imminent
The conflict over the future of Londis will reach a decisive stage this weekend.As The Grocer went to press, a report recommending the future strategy for Londis was about to be delivered to directors of the symbol group.The board will...
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Asda planning national local sourcing scheme
Asda plans to introduce a Local Choice offer in all its stores next year by expanding a trial local sourcing scheme.The roll-out will involve setting up “supply hubs” based on an award-winning pilot scheme. The first hub was created in the Lake...
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Larger Rippleglen beefs up senior staff with new roles
Rippleglen has bolstered its senior staff following its purchase of the 121 store Supercigs and Supernews estate from Tesco last November.The acquisition has prompted the CTN chain, which trades as Arden News, to create two new posts. Bill...
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Count on Somerfield for cereals
Breakfast cereal suppliers’ margins will have been hurt by an intensification of price and promotional-based activity that took place last year.Cereals is one of the biggest categories in store, reflecting a high market penetration and diverse...
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Filling a gap down south
Exclusive research reveals the opportunities and challenges for a post-merger Morrisons. Simon Mowbray reportsAccording to the cynical age-old adage about number crunching, there are three types of lies – lies, damn lies and...
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What price independence?
Can an EDLP strategy help independents as the multiples’ c-stores pile on the pricing pressure, asks Siân HarringtonWith Morrisons’ takeover of Safeway, every day low pricing is about to become the norm in the multiples. Even...
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Organising for success
What lessons are to hand for Sir Ken Morrison in a study of earlier company marriages? Duncan Brown has some tips for avoiding shareholder disappointment and the loss of key talentWith the arranged marriages of Morrisons/Safeway and...
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Non-execs in the glare
The JS débâcle has made non-executive directors a thorny issue says Glynn DavisWith Sir Ian Prosser gone as non-executive deputy chairman of Sainsbury before he had even done a day’s work, Morrisons will clearly have to tread...
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The silent problem
A code is toothless if suppliers won’t speak out says Elaine WatsonTesco, Asda, Sainsbury and Safeway have all welcomed the review. They have said they will co-operate with the audits and they have stressed their commitment to building strong...
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Londis bidding war opens
The bidding war for Londis has begun in earnest after the symbol group’s board unanimously decided that selling out to a bigger player was the best way to safeguard the future of its retailers.Big Food Group, Musgrave, Somerfield, the ...
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As Morrisons takes over...
Bosses at Morrisons will visit Safeway’s headquarters on Monday to outline their plans for the combined group as its long-awaited deal to acquire Safeway is finally completed.A Safeway source said Morrisons was keeping its cards close to its...
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Tesco launches its own Fairtrade range
Tesco will launch a new own label Fairtrade range next week to coincide with the start of Fairtrade Fortnight.The 15-product range, developed in conjunction with the Fairtrade Foundation, will include orange juice, cookies, coffee, tea,...
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Asda adds to Yorkshire’s Best range
Asda is to add 50 new locally sourced products to its Yorkshire's Best range to be available at the chain’s stores in the region.Karen Todd, Asda's head of local sourcing said: “From March we will be stocking 160 of our customer's favourite...
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Blakemore looks to tourist trade
Blakemore Food Service is rolling out catering sections to 21 Spar stores in tourist locations, offering supplies to a range of foodservice customers.The stores, located mainly in seaside towns, are owned by Tates, the company-owned stores...
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Weller: we’re accelerating
Sainsbury is on the hunt for more acquisitions within the convenience sector following the purchase of Bells Stores.The multiple raised concerns among many in the convenience sector after it bought Bells’ 54-store portfolio, ranked 15 in The...
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Asda credit card aims at an inclusive approach
Asda is to launch own brand credit and store cards nationwide by 2005 and trials are starting at selected stores.Two Asda stores, in Bristol and South Wales, were the first to test the cards this week and five more stores will start pilots next...