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“60% of the Somerfield acquisition will be divested” - PennycookUPDATE: UK: Co-op to sell 60% of Somerfield estate in convenience drive

17 April 2014

The Co-operative Group will sell around 60% of the space it acquired as part of the 2009 acquisition of Somerfield as the embattled UK grocer increases its focus on its core convenience estate.

Interview: Keys to brand's success on Twitter #engagement #relevance #realtime

17 April 2014

With over 200m regular users worldwide tweeting more than 500m times each day, the potential on offer for brands to reach consumers via microblogging site Twitter is self-evident. To succeed on Twitter, brands need to become a relevant, informative and amusing part of an evolving two-way conversation. Katy Askew spoke to Twitter UK sales director Dara Nasr about how food manufacturers and retailers can insert themselves into the dialogue.

UK: Co-op sees "heavy losses" but food improving

17 April 2014

The Co-operative Group today (15 April) reported "heavy losses" after a "disastrous" year in 2013 but insisted a strategic shift at its food retail arm had resulted in an improving performance.

Quote, 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.

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

17 April 2014

Tesco was in the spotlight this week after the publication of its annual results confirmed what a challenging year the UK's largest retailer endured. Another UK grocer under scrutiny is The Co-operative Group, which reported banking-induced losses, but revealed it is re-sizing its food retail estate to give it more focus. Elsewhere, China's WH Group, of which Smithfield Foods is now a part, announced plans to list in Hong Kong and US group Post Holdings made another M&A move, with a deal to buy egg-to-dairy supplier Michael Foods.

RUSSIA: Retailer Lenta posts 14% rise in Q1 LFL sales

17 April 2014

Russian retailer Lenta has announced a 13.6% increase in like-for-like sales for the first quarter of the year.

NETHERLANDS: Sligro food retail sales trail market

17 April 2014

Netherlands-based retailer Sligro Food Group has seen first-quarter sales growth at its food retail business trail the market amid intensifying price competition.

US: West Coast, overseas sales boost Armanino

17 April 2014

US pasta-to-pesto manufacturer Armanino Foods of Distinction has reported "record" first-quarter sales and profits.

just-food's research round-up: global confectionery, savoury snacks in Russia, dairy in Australia

17 April 2014

just-food's look at the key issues facing the global confectionery sector, the savoury snacks business in Russia and the dairy industry in Australia are among the reports featured in this week's round-up from our research store.

UK: Tesco FY profit slides on lower sales, margins

16 April 2014

Tesco booked a near 7% drop in underlying pre-tax profit in fiscal 2013/14, a year that saw margin dented by investments in creating a "compelling offer for consumers" in a bid to stem the firm's sales decline.

On the money: Tesco admits online cannibalising stores

16 April 2014

Tesco CEO Philip Clarke has conceded the growth of online grocery retailing in the UK has had a negative impact on the performance of its physical stores.

What the analysts say: Has Tesco hit rock bottom?

16 April 2014

Tesco reported a disappointing set of full-year numbers with both sales and profits falling this morning (14 April). The UK retail behemoth has faced declining consumer spending and a battle to make its big-box stores relevant. But has the company hit the bottom of its downward curve and will the group's 2014 performance improve? Here is what the City had to say about Tesco's performance.

CANADA: Metro sees sales recover in Q2

16 April 2014

Shares in Metro Inc rose today (16 April) after the Canadian retailer reported improved quarterly sales.

FRANCE: Leclerc tests click-and-collect motorway concept

16 April 2014

E. Leclerc is trialling a click-and-collect point at one of the French grocer's motorway service stores, the first time a retailer in the country has taken the concept to motorways.

GREECE: Carrefour franchisee to add 42 stores to portfolio

15 April 2014

Carrefour's Greek franchisee Marinopoulos has announced its intention to acquire 42 stores of the Larisa Super Market chain.

S AFRICA: Retailer Pick n Pay mulls Nigeria entry

15 April 2014

South African retailer Pick n Pay has revealed it is looking at ways to enter Nigeria.

JAPAN: Lawson plans 100 "next-gen" c-stores

15 April 2014

Japanese convenience retailer Lawson Inc plans to roll out its new "next-gen" Lawson Mart c-store to more than 100 locations in its new financial year.

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.

Comment: Tesco under rare level of scrutiny

14 April 2014

On Wednesday, Tesco reports its latest set of annual results - and rarely has a major retailer be under so much scrutiny.

FRANCE: Currency exchange weighs on Casino sales

14 April 2014

French retailer Casino has seen a drop in total first-quarter sales despite organic gains as currency translation weighed on the top line.

INDIA: Carrefour, Bharti "in talks" over tie-up

14 April 2014

France's Carrefour is reportedly in talks with Bharti Group over a potential joint venture in India.

INDIA: Actis silent over talks to "sell Nilgiris" to Future Group

14 April 2014

Private-equity group Actis Capital has remained silent on reports it has reached an agreement in principle to sell its holding in Indian supermarket chain, Nilgiris, to Future Group.

MALAYSIA: UAE retailer Lulu to enter Malaysia

14 April 2014

UAE-headquartered supermarket chain Lulu Hypermarket has announced its expansion into Malaysia.

SOUTH AFRICA: Massmart CEO Pattison steps down

14 April 2014

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

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: Family Dollar to close 370 stores

11 April 2014

US discounter Family Dollar Stores has announced plans to cut jobs and close around 370 under-performing outlets.

Editor's viewpoint: Tesco's food-to-go push looks foolhardy

11 April 2014

Tesco is reportedly looking at rolling out a food-to-go concept in London in its latest bid to try to find some growth in its domestic market. But, if the move happens, is it really wise to enter such a competitive space?

RUSSIA: Retailer X5 sees LFL sales accelerate

11 April 2014

Russian retailer X5 Retail Group has reported a 6% rise in like-for-like sales for the first quarter of 2014, a faster rate of growth than seen in 2013.

just-food's research round-up: bakery in Australia, snacks in the UK, dairy in China

11 April 2014

This week's featured research from the just-food store includes reports looking at the fiercely-competitive bakery sector in Australia, the growing market for savoury snacks in the UK and China's booming dairy industry.

FRANCE: Carrefour Q1 sales down but meet analyst forecasts

10 April 2014

Carrefour this morning (10 April) posted a mixed set of first-quarter sales that led to group revenue dropping almost 4%, although the decline met analyst expectations.

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