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Tag: supermarkets

Chain on a 'long journey'

Morrisons to close 11 supermarkets as profits take a tumble

Morrisons has today announced the closure of 11 supermarkets as chief executive David Potts grapples with a major turnaround of the troubled group. READ MORE

Supermarket move to reduce waste

Tesco to donate more unsold food to charities

Waste not
Tesco is to donate thousands of tonnes of unsold food to charity in response to pressure on supermarkets to reduce waste. Britain’s biggest chain last year threw out 55,400 tonnes of food, about 30,000Read More

Supermarket chain imposing changes

Sainsbury’s falls to £72 million loss as price war takes toll

Supermarket giant Sainsbury fell to a £72 million loss as the price war and changing shopping habits took their toll. The company will focus on more smaller format convenience storesRead More

Chain reports turnaround in fortunes

Co-op Group back from the brink and back in profit

The Co-operative Group has returned to profit after coming close to the brink of collapse last year. The group has turned a £255 million loss into a profit before memberRead More

Challenge facing new CEO

Morrisons suffers eight year low with slump in profits

Morrisons supermarkets unveiled its worst performance in eight years with profits plunging by half as it became the biggest casualty among the big four of a price war with theRead More

Special report

Time to end the supermarket food waste scandal

Waste not
Daily Business today highlights the scandal of food waste, in particular the disposal of edible food by retailers. Waste Not Want Not seeks to reduce the volume of food and drink which isRead More

CEO Coupe says trading is challenging

Sainsbury’s signals start of new price war as sales dip

Price cutting by the supermarkets has impacted on trading figures at Sainsbury’s which today announced a slight fall in revenue over the Christmas period. Sales on a like-for-like basis excludingRead More

More problems for supermarket group

Tesco shares crash after latest profit warning

Dave Lewis
Troubled supermarket group Tesco saw 14% wiped off its shares in early trade after issuing another profit warning in an unscheduled update. They have clawed back to trade at 7%Read More