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Tesco delivers sales growth for 10th quarter in row

Tesco has delivered its 10th consecutive quarter of sales growth, thanks to an uptick in like-for-likes and its newly-consolidated Booker division. For the 13 week period ending May 26, Tesco recorded a 1.8 per cent increase group-wide like-for-like sales growth, with UK & Ireland sales rising 3.5 per cent. On its own, Tesco’s UK market recorded a 2.1 per cent sales rise.

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Iceland sales rise as it pushes Food Warehouse expansion

Iceland enjoyed rising sales throughout last year but reported a drop in profits due to major investments in marketing, prices and store refurbishments. In the year to March 31, sales rose eight per cent to £3 billion while like-for-like sales jumped 2.3 per cent, accelerating from a two per cent rise in 2017. Despite the growing sales, the frozen foods retailer said adjusted EBITDA dipped 1.8 per cent to £157.1 million.






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Theresa May urges retailers to lift pay standards

Prime Minister Theresa May has urged retailers to provide competitive wages and bonus schemes for staff amid controversy over changes to workers’ contracts at Sainsbury’s.






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Amazon plans more Prime perks at Whole Foods, and it will change the industry

The new perks will bring the might of Amazon's membership program to the grocery industry.






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The good, the bad and the ugly of Shoptalk 2018

From legacy retailers lackluster messaging to startups in the grocery space, there were lessons on every stage last week in Las Vegas, writes independent consultant Christopher Walton.






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The good, the bad and the ugly of Shoptalk 2018

From legacy retailers lackluster messaging to startups in the grocery space, there were lessons on every stage last week in Las Vegas, writes independent consultant Christopher Walton.






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Sainsbury’s slashes prices on almost 1000 essential items

Sainsbury’s is slashing the prices of 930 everyday grocery products in its stores and online from today. The Big 4 grocery retailer said customers will benefit from lower prices on essential products in both fresh and ambient sections of the store. These include both the retailer’s own-brand food ranges, a number of branded household favourites, and everyday toiletries and household items.






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Conviviality mulls equity fundraise in update on £30m tax bill

Conviviality has confirmed that is undergoing a review of the business while holding “constructive” negotiations with lenders, as part of an update on the measures it is taking to handle its £30 million tax bill. Earlier this week, the company said that the bill due for payment to HMRC on March 29 had only been discovered on March 13 and had not been accounted for in its short-term cash flow projections. This prompted a suspension of Conviviality’s shares on the junior market and the cancellation of an £8 million dividend payment that was due to shareholders today.






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Boxed CFO out amid acquisition rumors

Acquiring the consumer goods e-commerce site is a logical play for a number of retailers as consumers increasingly do their grocery shopping online.






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Tesco hires Guus Dekkers as chief technology officer as Edmond Mesrobian resigns

Tesco has appointmented Guus Dekkers as its new chief technology officer to replace Edmond Mesrobian who is resigning. Dekkers will join Tesco on April 16, reporting directly to group chief executive Dave Lewis. Meanwhile, Mesrobian is returning to his home city of Seattle with his wife Holly and their four children






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