Channels news – Page 1322
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News
City sceptical at talk of US venture capital move
Belinda Gannaway The City has been forced into a waiting game following Somerfield's announcement on Monday that it is in talks with one or more bidders. Few analysts believe the approach has come from a trade buyer either domestic or overseas....
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Safeway looks east for new wines
In its efforts to provide more points of interest on its wine shelves, Safeway has looked east for its latest collection of new wines. These come from Georgia, the Ukraine and Rumania, which join styles the multiple already stocks from Bulgaria,...
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United Norwest pumps cash into store refurbs
United Norwest Co-op has announced a record £10m investment in 100 of its 276 convenience stores. The investment plan covers the next 12 months and includes conversions to the Late Shop or Village Store format, as well as refurbs. Martin Beaumont,...
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marks and spencer
Chain holds on to its share of UK food; no plans to abandon US operations In store revamp set for autumn Marks and Spencer this week confirmed expectations with the announcement of a slump in annual pretax profit of nearly 50% to £634.6m before...
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A SMILEY FUTURE?
Can a new era dawn for the co-op movement in Blair's Britain? Is the new Commission the last best hope to do what needs to be done? The Grocer news team investigates Once they were strong partners. But for many years the Labour Party and the...
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Gung Ho approach from multiple
Plenty of folk had been poking fun at Asda this week for its decision to model its training on the American management bestseller Gung Ho. The book sounds bizarre, given that it is all about the spirit of the squirrel, way of the beaver and gift of...
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Directors sharpen their retailing skills
Safeway marketing director Roger Ramsden is to swap his day job to do a stint as manager of a flagship store. In all, he will spend five months gaining hands on experience of what it like to run a store, starting with a four week stint shadowing an...
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HARDING BACK AT THE PARTNERSHIP
Richard Harding is back at the helm as the new operations director of the BP/Safeway partnership. Harding has 12 years' experience at BP and was part of the launch team for the partnership back in 1996. It currently has 40 mini supermarket and...
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Marks and Spencer
Marks & Spencer is expanding its franchise operation into the Czech Republic. It follows the announcement two weeks ago that Tesco is buying two retailing businesses in the Czech Republic and Slovakia from the US-based Kmart Corporation. The 13,000...
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End for dessert company
The Dessert Company, a subsidiary of the Sara Lee Corporation, has been forced to shut up shop after losing a supply contract with Tesco resulting in the loss of around 700 jobs. The Newark company had been supplying Tesco with chilled sweets...
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Kellogg in own label deal
US cereal giant Kellogg has broken with tradition and signed a deal to produce five cereals for German discounter Aldi under the Gletscher Krone brand. This is the first time in the company's history it has produced anything other than Kellogg's...
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Hendersons hunts for smaller format stores
Nicola Gordon-Seymour Hendersons, Spar UK's wholesaler in Northern Ireland, is looking for smaller format stores in the Province. Ken McWhinney, Hender-sons deputy md, said a CTN format would be the most likely option or a variation on Spar's...
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Tesco snubs Barclays
Barclays has run into trouble with Tesco, which has threatened to throw out the bank's cash point machines if it goes ahead with a £1 charge for non-account holders. It announced it was inviting tenders from Nationwide for the contract at all 646...
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Shop and go for Waitrose
Waitrose is to highlight a raft of last minute holiday deals through waitrose.com as part of plans to make the site a "one stop cyber shop". The move comes in the wake of a link-up with BA Travel Shop that will provide holiday offers including...
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it's only rock 'n' roll
Elvis is alive and well and opening Spar stores in Scotland. In fact, the ageing crooner can be seen playing the Spar House rock whenever a new store opens in the country. The blue rinse king was first spotted with the President of the Scottish...
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Asda, Tesco are media darlings
Clive Beddall Tesco and Asda hijacked the UK's media machinery this week and grabbed millions of pounds' worth of free publicity for their latest salvoes in the high street price war. The multiples' spin doctors worked overtime as Asda celebrated...
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News briefs
IRI is making Tesco sales data available over the Internet with the launch of its InfoScan SalesWeb service. More than £1.5m in savings have been passed on to shoppers by the 200 Nisa retailers involved in the group's first Multibuy Bonanza...
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Blair backs Co-op review
Tony Blair is backing a wide ranging commission to examine the future of the UK Co-operative Movement. This will be just the second full-scale review of the Co-op in its 150 year history. The commission, which will sit for six months, is being...
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News Briefs
US retail giant K Mart is said to be seeking a merger with a supermarket partner. The chain has already sought a three-way deal with Albertsons and American Stores. Tesco has refused to comment on trade rumours it will be running a half-price...