UK: Another 381 First Quench Stores To Close
Administrators of Threshers owner First Quench have announced another swathe of store closures and more than 1,900 job losses.
FREE Trade Spend Webinars – November 26th
Did you read the report by the
Institute of Sales Promotion recently that put UK supplier promotional funding
at £14.4 BILLION? The percentage of CPG products sold on promotion is now
35% and the ISP forecast that this will rise to 40% within 18 months.
UK: Tesco Links Up With C&W For Major Telecoms Push
Tesco set its sights on capturing a bigger slice of the broadband and home phones market yesterday as part of its strategy to increase revenues from more profitable non-grocery markets.
UK: Morrisons In No Rush To Find New Chief Executive
Morrisons has said will not be rushed into finding a new chief executive following the defection of Marc Bolland to Marks & Spencer this week.
TURKEY: Carrefoursa Announces New Store Opening Plans (Sub-only)
CarrefourSA, the joint venture between Carrefour and local group Sabancı Holding, has announced plans to open more than 100 new outlets in 2010, as it continues to expand its presence in the country.
EUROPE: Mercator To Continue With Regional Expansion (Sub-only)
Regional grocery giant Mercator has announced plans to expand in South Eastern Europe, saying it will invest E159m as it aims to gain market leadership in the region.
INDIA: Tata Group Hits Roadbump Over Star Bazaar Name (Sub-only)
The Delhi High Court has ruled that the Tata Group cannot open any stores under the ‘Star Bazaar’ banner in the Indian capital, following a case filed against it by a local independent retailer.
US: Blackstone’s Pinnacle Foods Snaps Up Birds Eye In $1.3bn Deal
Pinnacle Foods Group, owned by private equity giant Blackstone Group, has announced that it has agreed to buy Birds Eye Foods for $1.3bn.
US: Supervalu Says It Wants To Help Independents (Sub-only)
Grocery giant Supervalu has said it plans to offer help to its independent customers so that they can grow, even as it begins to focus on its business in geographic terms rather than by banner.
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