Channels news – Page 1292
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Marks and Spencer: Vandevelde sees food as key to M&S reviva
We need to extend in food, home and beauty as well as financial services' An extended food operation is to be the lynchpin of M&S's recovery strategy. Chief executive and chairman Luc Vandevelde said: "Food is the best example of where we are...
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Executive moves: Craft moves on from Interbrew
Former Spar UK md Garry Craft has left his job as category development director at Interbrew. Craft left Spar two years ago and later joined the drinks side of Bass, taken over by Interbrew late last year. He said: "When I joined Bass it was on the...
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Water standards: M&S takes to waters
Marks and Spencer has relaxed its historically tight grip on its brand to licence a Severn Trent Water project. David Gregory, M&S head of food technology, said the move was one of many initiatives planned as the retailer seeks to reap benefits...
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Multiples: Tesco staff set to strike after talks break down
Tesco has come under fire from staff and unions on both sides of the Irish Sea this week for paying substandard wage. Tesco Ireland is bracing itself for industrial action after the latest round of talks with unions over the basic rate of pay broke...
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Opinion: Congratulations are in order
The news that six Tesco directors had each pushed home more than £1m in their trolleys after the multiple smashed the £1bn profits barrier sent media pundits into deepest shock horror mode this week. And therein lies a major challenge. How do you...
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Urban regeneration: Renaissance in Romford (Sainsbury)
The redevelopment of a brewery site which was once at the heart of an Essex town is the latest project in area of urban decay that Sainsbury has undertaken. The new 60,000 sq ft Romford store is part of a major mixed use development that includes...
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Obituary: Tesco's Hyman Kreitman dies at 86
Former Tesco joint chairman Hyman Kreitman has died at the age of 86. A son-in-law of the multiple's founder, the late Sir John Cohen, he joined Tesco in 1946 as an executive director when the chain had 95 open-fronted shops. He played a major role...
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Wal-Mart: Asda profits exceeding expectations'
Asda is generating total sales growth in the "high single digits," said Wal-Mart chief executive Lee Scott in a conference call to discuss the company's first quarter results. Operating profits in the UK also "exceeded expectations". Although...
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Abolition of Resale Price Maintenance: The multiples get sla
Within hours of the abolition of RPM, the major multiple grocers had unveiled plans to slash a selection of healthcare prices by up to 50%. At Asda, Anadin regular 16s were down from £1.75 to 87p, while other cuts included Rennie 24s reduced from...
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Multiples: JS says it's no 2 in online race
Sainsbury claims it has leapfrogged over Asda, Iceland and Waitrose to become the UK's number two online grocery retailer and the fourth biggest in the world. Jennifer Baker-Hirst, new business development director, said the Sainsbury's To You...
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Online retailing: And the name is Ocado
Waitrose's e-commerce partner Last Mile Solutions has unveiled its brand name, Ocado, and a five year deal with BOC Distribution Services which will provide warehousing operations. All branding will be "Ocado in partnership with Waitrose". Ocado's...
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Londis: SMALLSUPPLIER SIGN-UPS
Over 50 small suppliers have signed up to smallsupplier.com, Londis' web site enabling retailers to source products from local specialist drop shipment suppliers. Retailers can place multiple orders from regional suppliers on the site, which are...
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Northern Ireland: Spar store numbers fall but sales trend is
The number of Spar stores in Northern Ireland has fallen but group turnover is up, according to Ken McWhinney, deputy md of John Henderson, Spar's wholesaler in the province. Addressing an audience of more than 100 retailers at a conference of...
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Madonna mania hits Waitrose
What has happened to The Gazette, the John Lewis Partnership's weekly staff magazine? It is usually packed full of information no doubt useful to its readers, but it's not exactly a racy read. However, the latest issue manages to cover not only...
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Republic of Ireland: Tesco blasts RGDATA's price claims
Tesco Ireland has rounded on Irish independents lobby group RGDATA after it accused the multiple of trumpeting price cuts and then quietly hiking prices up again. Corporate affairs manager Sarah Morris accused the lobby group of being...
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Symbol groups: Peak viewing slots for Spar's national TV adv
A prime time national TV advertising campaign for Spar will break next month, resurrecting the So near, so Spar' slogan. The symbol group's guilds and wholesalers have agreed a £2m budget for a two week campaign in June, a week before Christmas...
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Multiples sign new Fitou
A new style of Fitou wine was launched in Asda and Sainsbury this month. Called Les Douze, it is the creation of 12 vineyard owners in the south of France who chose the best of their vines for the wine. The new style Fitou is a blend of Carignan,...
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Safeway: Plymouth gets first of 70 hypermarkets
Safeway is to launch its first hypermarket this autumn as part of a major overhaul of its whole portfolio. The multiple plans to open 70 of the hypermarkets over the next three years, starting at Pomphlett in Plymouth this September. Safeway...
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Tesco: Analyst's sell' perplexes the City
ABN Amro analyst Mark Wasilewski's widely publicised sell' recommendation on Tesco has perplexed many of his counterparts in the City. The only broker to issue a sell recommendation on the stock, Wasilewski expressed surprise at the retailer's...
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Cumbrian Spar
The Spar in the high street of Cleator Moor in Cumbria is run under management. The latest accounts show turnover of more than £610,000, with gross profits approaching £125,000. Christie & Co is quoting £100,000 for a new lease on terms to be agreed...