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Tesco acquisition on Sandbanks' millionaire row proves contraversial Thursday, 16th May 2013
Wealthy residents of the Sandbanks millionaire’s row remain perplexed by the acquisition of a Tesco Express, which plans to open in July. Residents from Dorset have expressed their frustration by claiming that the convenience store will be an ‘eyesore’ and that it would look ‘like a filling in a set of teeth’, the Daily Mail reports.
The top four grocers commit to reducing waste Friday, 10th May 2013
The third phases of the Courtauld Commitment launches today with the aim of reducing household food and drink waste by five per cent. The voluntary agreement, which is overseen by Government body WRAP, has secured the commitments of the four big grocers in the UK as well as other signatories.
Morrisons shares fall as sales continue to struggle Thursday, 9th May 2013
The UK’s fourth biggest grocer, Morrisons, crashed in the stock market today as it continues to fall behind its competitors. The 1.8 per cent slump was an improvement from its 4.1 per cent performance in the last quarter, however, shares fell 8.2p to 288.2p, making them the worst performers in the FTSE 100 index.
Dunelm Group sales on the up: 5% growth in Q3 Thursday, 11th April 2013
Homeware retailer Dunelm Group on Wednesday revealed a 15.4 per cent rise in total revenue in its third quarter. The positive growth resulted in a 5 per cent growth in sales for the retailer’s third quarter to 30 march 2013, Reuters reports.The company, known for equipping British homes with a wide range of homeware items, said gross margin improved by around 20 basis points during the quarter.
“Shock” departure for Costcutter founder Colin Graves Friday, 4th May 2012
The founder and former executive chairman of Costcutter has resigned from his position and left the group in a shock move for the convenience store sector. C-Store on Friday reported that Colin Graves had decided to put an end to his six month notice period and leave directly, stating: “I’m not cut out to be just a figurehead” as a shake-up on the retailer’s board resulted in a showdown meeting this week.
Failed attempts to stop tax increase leaves Asda reluctant to invest in Scotland Thursday, 8th March 2012
According to reports by the Scotsman, Asda have warned they may have to retract their plans to make large store investments in Scotland following disappointment as the last efforts were made to annul supplementary tax on large retailers.
Poundland prevail with strong Christmas sales figures Friday, 20th January 2012
Hard up bargain hunters boosted sales at Poundland during the Christmas period with like-for-like sales up by almost 6 per cent from the previous year.
The Original Factory Shop reports bumper Christmas Saturday, 14th January 2012
The Original Factory Shop has announced positive Christmas figures for the five weeks ended 8 January 2012.
Tesco’s expansion plans still on track despite India’s FDI ruling Friday, 13th January 2012
Tesco has once again voiced its commitment to expansion in India despite the recent setback concerning the proposed changes to the rules on multi-brand Foreign Direct Investment (FDI).