UK retail grabbed the headlines this week, with Wal-Mart announcing the appointment of a new CEO for local arm Asda and Sainsbury’s booking a set of bumper full-year results. Across the pond, Whole Foods Market was also able to put in an impressive showing, while Loblaw owner George Weston remained coy on its investment plans. Here are the top stories on just-food this week.
US: Whole Foods Q2 profits, sales jump
Whole Foods Market posted a jump in sales and profits during the second quarter, as less cautious consumers started returning to the high-end natural and organic retailer.
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On the money: Sainsbury’s food focus drives growth
Sainsbury’s has insisted that its focus on delivering high quality, good value food products remains “at the heart” of its ability to drive long-term growth at the business.
INDIA: Carrefour to open cash & carry outlet
French retail giant Carrefour has revealed that it is preparing to open its first cash and carry outlet in the Indian market.
INDIA: Bharti Wal-Mart speeds expansion
Bharti Wal-Mart, the joint venture between US retailer Wal-Mart and Indian conglomerate Bharti Group, has confirmed that it intends to increase its pace of store openings in India.
On the money: George Weston “patient and prudent” with war chest
George Weston Ltd has insisted that it will adopt a “patient and prudent” approach to investing the proceeds of recent divestitures as it looks to drive long-term growth at the business.
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By GlobalDataUK: Asda promotes Clarke to CEO
Andy Clarke has been promoted to the post of chief executive officer of Wal-Mart owned UK supermarket group Asda.
US: Obama unveils obesity plan to curb kids marketing
First Lady Michelle Obama today (11 May) unveiled a Task Force action plan calling on food manufacturers to curb the marketing of unhealthy foods to children.
UPDATE: UK: Kraft boss “sad” to leave Cheltenham
The president of Kraft Foods UK and Ireland said the company will be “sad” to leave Cheltenham after the firm today (11 May) announced the closure of it European headquarters.
UK: FSA to discuss prices of fatty foods
The UK Food Standards Agency (FSA) plans to discuss ways of using price to reduce the consumption of fatty foods and sugary soft drinks.
US: Dean Foods to axe up to 400 dairy jobs
US dairy giant Dean Foods said today (10 May) that it plans to cut up to 400 more jobs from its largest division, Fresh Dairy Direct-Morningstar.
