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Tesco CEO Philip Clarke blamed online retailing as one of the reasons for TescoQuote, unquote: just-food's week in words

17 April 2014

Tesco's full-year results proved disappointing, as expected, and CEO Bill Stritz has said online retailing has played a huge part. Elsewhere first quarter results were out and Co-op saw heavy losses. It has now decided to get rid of some of the Somerfield stores and focus on its convenience offering. There were developments on the Michael Foods acquisition with Post Holdings announcing it had taken over the firm in a US$2.45bn deal. Other acquisitions this week included Daelman's purchase of UK firm Fabulous Bakin' Boys and PE firm Abraaj's acquisition of North African confectioner Kool Foods.

INDIA: Wal-Mart outlines India expansion plans

14 April 2014

Wal-Mart has revealed growth plans for its wholesale store division in India including the opening of additional stores and an extension of its B2B e-commerce platform.

SOUTH AFRICA: Massmart CEO Pattison steps down

14 April 2014

South-African retailer Massmart has announced the resignation of its CEO Grant Pattison.

Editor's choice: the highlights on just-food last week

14 April 2014

Olive oil giant Deoleo this week announced its board had backed a takeover bid from private-equity giant CVC Capital Partners. Elsewhere, Mondelez International announced plans for another plant in Russia and the political party that looks set to be the major party in India's next government said it would ban foreign supermarkets entering the country's retail sector.

Quote, unquote: just-food's week in words

14 April 2014

Food retailers eyeing India would have been surprised to hear the BJP political party, tipped to lead the country's next government, publish a tough stance on foreign investment in its retail sector. Nestle CEO Paul Bulcke hinted the food giant could be looking at further disposals and Wal-Mart said more affordable organic groceries would be available in the US after a tie-up with the recently-revived Wild Oats brand.

US: Wal-Mart teams up with Wild Oats brand in organic push

10 April 2014

Wal-Mart has announced a notable push into the US organic food category with plans to list a range of products under the recently-revived Wild Oats brand.

INDIA: BJP plans to ban foreign supermarkets entering retail sector

7 April 2014

Indian political party Bharatiya Janata Party (BJP), which is expected to lead the country's next government, has said it plans to ban foreign supermarkets from entering its retail sector.

UK: Asda to create 12,000 jobs in five years

7 April 2014

Asda, the UK's second-largest grocer, has said it will create 12,000 jobs in the country in the next five years.

INDIA: Tesco to invest GBP85m in Tata JV

21 March 2014

UK retailer Tesco has confirmed that it will invest GBP85m (US$132m) to establish a multi-brand retail joint venture with Trent Ltd, part of the Tata Group, in India.

Talking shop: Albertsons owner seeks strength in scale with Safeway buy

20 March 2014

Changing consumer behaviour is having a transformational impact on the US food and food retail sectors, as consumers alter where they shop and what they buy. The growing popularity of non-traditional channels has resulted in a jump in consolidation. Traditional supermarkets are seeking strength through scale, as evidenced by the deal that could see Albertsons owner Cerberus take control of Safeway. Dean Best reports.

NIGERIA: Massmart to open seven value stores in 2014

17 March 2014

South African retailer Massmart is set to open seven "low-income" stores in Nigeria during 2014, a spokesperson for the company told just-food today (17 March).

Editor's choice: the highlights on just-food this week

10 March 2014

Sugar again grabbed the headlines after the World Health Organization revised its guidance on how much of the ingredient to consume. Elsewhere, a US retailer with over 2,400 stores could be created after Albertsons owner and private-equity firm Cerberus Capital Management struck a deal that looks set to see it buy Safeway.

INDIA: Wal-Mart calls on India to open e-commerce to FDI

6 March 2014

US retail giant Wal-Mart has called on the Indian government to relax regulations governing foreign direct investment in the e-commerce sector.

Comment: Growth of online channel good news for big brands

6 March 2014

Online sales in the UK are on the rise as consumers increasingly shop for their groceries over the internet. Online sales represent a key growth area the country's largest retailers are vying to exploit. In the UK - the birthplace of private label - online expansion is good news for the manufacturers of leading food brands, Katy Askew suggests.

Editor's Viewpoint: Obama and obesity

4 March 2014

Some may argue the Obama administration has done less on obesity than it set out to do but its work to tackle the problem while getting significant parts of the industry on board should be praised.

US: Wal-Mart buys online food recipe start-up Yumprint

27 February 2014

Wal-Mart has acquired another US online start-up, this time moving for recipe service Yumprint.

Quote, unquote: just-food's week in words

24 February 2014

The Consumer Analyst Group of New York annual conference was held in Florida this week and, as ever, produced some notable comments as the great and the good of the US food sector detailed - and sometimes defended - their strategies. Danone issued its full-year numbers and shed some light on how it plans to mitigate surging dairy prices in 2014. Meanwhile, Wal-Mart - the world's largest retailer - offered a sober assessment on the outlook for consumer sentiment in the coming year. Here is just-food's week in words.

Comment: Wal-Mart's McMillon makes early mark

21 February 2014

Wal-Mart has doubled the number of small stores it said it would build this year - and in a few paragraphs demonstrated new CEO Doug Millon, just three weeks in the hot seat, was making his mark.

US: Wal-Mart Q4 profits, sales outlook hits shares

20 February 2014

Wal-Mart saw its share price fall this morning (20 February) after the retail giant posted a fall in fourth-quarter earnings and lowered its fiscal 2015 sales guidance.

UK: Asda rounds off year with Q4 sales fall

20 February 2014

Asda, the UK's second-largest grocer, ended its 2013 financial year with a fall in underlying sales in the fourth quarter.

US: Snyder's-Lance launches "extreme flavour" crackers

20 February 2014

US snacks group Snyder's-Lance has launched Bolds, a line of crackers containing "bigger, bolder flavours".

MEXICO: Walmex Q4 profit down on price cuts

19 February 2014

Retailer Wal-Mart de Mexico, known locally as Walmex, saw its fourth-quarter net profit drop thanks to price cuts and falling consumer confidence.

CHILE: Wal-Mart completes share purchase agreement

10 February 2014

Wal-Mart has upped its stake in its majority-controlled Chilean arm after buying a further 25% of the business.

Editor's choice: the highlights on just-food last week

10 February 2014

Wal-Mart, the world's largest retailer, caused a stir when it lowered its full-year forecasts this week due to pressure on US sales. Retail sales in the country have entered an upward trajectory and close competitor Target Corp has been hit by a data breach scandal - but Wal-Mart has apparently failed to capitalise. Likewise, Kellogg missed market expectations when it reported fourth-quarter numbers due to an accelerating decline in North American revenues. Here are the highlights from just-food this week.

Quote, unquote: just-food's week in words

10 February 2014

Sales growth at Hain Celestial fell slightly short of expectations, prompting the question of whether the natural and organic group is trying to run before it can walk. Elsewhere analysts picked up on Wal-Mart's failure to impress with its quarterly figures. Kellogg results also fell short and CEO John Bryant insisted the initial start-up costs of Project K will pay off in the long term.

CANADA: Fresh food, online targets of Wal-Mart investment

5 February 2014

US retail giant Wal-Mart will invest "close to" C$500m (US$452.4m) this year to drive growth in Canada, including moves to enhance its fresh food offering.

Talking shop: Major US chains eye small-format growth

5 February 2014

The convenience channel has become a source of growth for larger grocers in a number of markets. Even in the US, home of the big-box store, major players have tested the water, albeit with patchy success. The likes of Wal-Mart are upping their focus on smaller stores and, although they will not represent a short-term threat to America's 'Cokes and smokes' c-stores, indie operators need to be wary. Hannah Abdulla reports.

Comment: Wal-Mart fails to capitalise on Target weakness

3 February 2014

News Wal-Mart has lowered its full-year earnings forecast reflects more than the drag of store closures as it adjusts its international portfolio. The US retail giant is struggling to grow its top-line at home and lower fourth-quarter comparable domestic sales suggest it failed to capitalise on the data breach scandal that hit key competitor Target Corp., Katy Askew suggests.

US: Wal-Mart warns on FY profits

3 February 2014

Wal-Mart has said its full-year earnings could miss previously announced forecasts.

just-food's 2014 outlook: International retailers continue to bring focus home

30 January 2014

The world of international food retail has undoubtedly got a little less international in recent years and 2014 looks likely to see the big guns continue to take an empire-building breather and sort out their troubled home markets while undertaking only modest overseas activities. Glynn Davis reports.

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