Convenience Stores News
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Tesco Plc senior managers will only receive an annual bonus if they manage to reverse the U.K. grocer’s declining profit, according to today’s annual report.
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Deutsche Post AG is testing secure boxes installed at people’s homes to enable a drop-off even when the recipient is out as the German mail service seeks to boost deliveries of food and consumer goods in its home market.
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William Morrison Supermarkets Plc faces a second year of declining same-store revenue as a lack of convenience stores and the absence of an online grocery business hampers progress, Chief Executive Officer Dalton Philips said.
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The lobbyist for grocers including Kroger Co. and Safeway Inc. is calling on President Barack Obama to curtail a U.S. health law provision that mandates the companies display the calorie content of all their foods.
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William Morrison Supermarkets Plc Chief Executive Officer Dalton Philips didn’t get a bonus and was paid almost 40 percent less last year as the company failed to meet targets.
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CP All Pcl, the world’s third- biggest operator of 7-Eleven convenience stores, is preparing a takeover offer for Siam Makro Pcl, said people with knowledge of the matter.
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A New York City proposal to raise the age to purchase tobacco products to 21 from 18 won’t stop young people from smoking and will instead drive them to the black market, a retail trade group said.
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Ocado Group Plc, the U.K.’s largest online-only grocer, fell in London trading after repeating that any partnership with William Morrison Supermarkets Plc won’t involve a takeover or Morrison acquiring a stake.
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Under Chief Executive Officer Phil Clarke, Tesco Plc is unraveling a global empire that didn’t quite pan out. Investors need him to fare better with the new one that he’s building at home.
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Tesco Plc, the U.K.’s largest retailer, said it will exit the U.S. and scale back domestic expansion at a cost of about 2 billion pounds ($3 billion) as it reported the first annual profit drop in almost 20 years.
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