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  • UK supermarket Asda preparing job cuts Monday, 18 Jan 2016 | 7:17 AM ET

    LONDON, Jan 18- Asda, the British supermarket arm of U.S. retailer Wal-Mart, is preparing to announce job cuts as it grapples with changing shopping habits and a brutal industry price war. Sky News reported on Monday that Asda would cut "hundreds of jobs", largely focused at its head office in Leeds, northern England. Industry data published last week showed Asda was...

  • Australia's Woolworths to exit ailing hardware unit Sunday, 17 Jan 2016 | 6:42 PM ET

    SYDNEY, Jan 18- Australia's No. 1 grocery chain Woolworths Ltd said on Monday it planned to sell or wind-up its stake in the hardware unit' Masters' due to ongoing losses, ending months of speculation about the potential sale. Masters is a joint venture with U.S.-based Lowe's Companies Inc, and Woolworth's budget general merchandise chain, Big W.

  • *Beats forecasts with strong Christmas trading. LONDON, Jan 14- Tesco comfortably surpassed forecasts for Christmas trade, buoyed by lower prices and more staff, indicating Britain's biggest supermarket may finally be recovering from several years in turmoil. Chief Executive Dave Lewis is focusing on lower prices, better product availability and improved...

  • LONDON, Jan 14- Associated British Foods said on Thursday unusually warm winter weather meant sales at its Primark discount fashion chain stalled in the nine weeks to Jan. 2, a drop shrugged off by the fast-growing retailer as a temporary blip. Shares in AB Foods, which also has major sugar, grocery, agriculture and ingredients divisions, traded down 0.8 percent to...

  • LONDON, Jan 14- Tesco, Britain's biggest supermarket chain, beat forecasts for UK sales over the key Christmas trading period, driven by lower prices, and said it was making good progress with its turnaround plan. The firm said sales at UK stores open over a year rose 1.3 percent in the six weeks to Jan. 9. Tesco's UK like-for-like sales performance for the Christmas...

  • UPDATE 2-Sainsbury's tells Home Retail it won't overpay Wednesday, 13 Jan 2016 | 7:24 AM ET

    *Has until Feb. 2 to make firm offer. LONDON, Jan 13- Sainsbury's, Britain's second-biggest supermarket, said on Wednesday a takeover of Home Retail was strategically compelling but insisted it would not overpay for the owner of the Argos household goods and Homebase do-it-yourself chains. Under British takeover rules it has until Feb. 2 to make a firm offer or walk...

  • LONDON, Jan 13- Sainsbury's, Britain's second-biggest supermarket, on Wednesday reported a better-than-expected performance in its Christmas quarter and upgraded its sales forecast for the second half. The firm, which revealed last week that it had a November bid approach for Argos owner Home Retail rejected, said sales at stores open over a year fell 0.4...

  • UK's Sainsbury's upgrades outlook after strong Christmas Wednesday, 13 Jan 2016 | 2:12 AM ET

    LONDON, Jan 13- Sainsbury's, Britain's second-biggest supermarket, on Wednesday reported a better-than-expected performance in its Christmas quarter and upgraded its sales forecast for the second half. The firm, which revealed last week that it had a November bid approach for Argos owner Home Retail rejected, said sales at stores open over a year fell 0.4...

  • *Sainsbury's gains market share- Kantar Worldpanel. *Shares rise across UK grocery sector. LONDON, Jan 12- Britain's top supermarket chains are showing signs of getting to grips with an industry in turmoil, with Sainsbury's winning market share in the key Christmas period and Morrisons delivering a surprise rise in underlying sales.

  • LONDON, Jan 12- British supermarket Sainsbury's was the best performer of the industry's major players this Christmas, the only one of the so called "big four" firms to grow sales and market share. However, Sainsbury's, the discount retailers Aldi and Lidl, John Lewis' Waitrose, and the Co-operative grew sales ahead of the market and won market share.

  • European shares rise as retail stocks rally Tuesday, 12 Jan 2016 | 3:24 AM ET

    LONDON, Jan 12- European shares climbed higher on Tuesday after a key equity index had hit its lowest level in more than three months, with a rally in retailers following some positive company updates underpinning the market. Shares in Morrisons surged 12 percent after Britain's No. 4 supermarket group beat expectations for Christmas trading, reporting a first...

  • LONDON, Jan 12- British supermarket Sainsbury's was the best performer of the industry's major players over the key Christmas trading period, data showed on Tuesday. Market researcher Kantar Worldpanel said Sainsbury's total sales rose 0.8 percent in the 12 weeks to Jan. 3 year-on-year and its market share edged up 0.1 percentage point. Market leader Tesco,...

  • LONDON, Jan 12- Morrisons posted a surprise rise in sales over the festive period, as Chief Executive David Potts ended three years of declines in his first Christmas in charge of Britain's fourth-largest supermarket. The Bradford, northern England, based group, which trails market leader Tesco, Wal-Mart's Asda and Sainsbury's in annual sales, said on Tuesday...

  • LONDON, Jan 12- Morrisons, Britain's No. 4 supermarket group, beat expectations for Christmas trading, reporting a first period of positive underlying sales since 2012.. The Bradford, northern England, based group, which trails market leader Tesco, Wal-Mart's Asda and Sainsbury's in annual sales, said on Tuesday sales at stores open over a year, excluding fuel,...

  • Sainsbury's deal with Argos would help online prowess Saturday, 9 Jan 2016 | 3:00 AM ET

    LONDON, Jan 9- Old-fashioned catalogues, pencils and paper order slips still line many Argos stores. But whether customers shop there, online or using white tablets in some revamped shops, they have access to one of the fastest delivery systems in Britain. Britain's second biggest supermarket made a surprise swoop for Home Retail, also the owner of the Homebase...

  • Jan 7- Supervalu Inc's board approved a spinoff of its Save-A-Lot discount supermarket chain, paving the way for separating a thriving unit from its slower-growing grocery wholesale and food retail businesses. The separation will be through a pro-rata distribution of shares of Save-A-Lot common stock to Supervalu stockholders, who will own at least 80.1...

  • Walgreens, which offered to buy Rite Aid for $9.4 billion in October, said the deal was progressing as planned. Walgreens said it now expected an adjusted profit of $4.30- $4.55 per share for the year ending August, compared with $4.25- $4.55 it had forecast earlier. The net income attributable to Walgreens rose to $1.11 billion, or $1.01 per share, in the first...

  • LONDON, Jan 6- John Lewis Partnership, owner of Britain's biggest department store chain and upmarket grocer Waitrose, maintained its full-year profit guidance after reporting relatively strong Christmas trading. It blamed Britain's unusually warm weather in November and December for a slowdown in sales growth. The Partnership has outperformed rivals...

  • RPT-Home for the Holidays? Hold the sugar, please Thursday, 24 Dec 2015 | 7:00 AM ET

    NEW YORK, Dec 23- Bagged or boxed, brown or powdered, Americans are buying markedly less sugar this year, a trend nowhere more noticeable than during the holidays when home-baking picks up. In the biggest decline in sugar sales in at least four years, purchases have fallen 4.4 percent in the year through October, according to Nielsen data, a drop grocers attribute to...

  • Home for the Holidays? Hold the sugar, please Wednesday, 23 Dec 2015 | 6:24 PM ET

    NEW YORK, Dec 23- Bagged or boxed, brown or powdered, Americans are buying markedly less sugar this year, a trend nowhere more noticeable than during the holidays when home-baking picks up. In the biggest decline in sugar sales in at least four years, purchases have fallen 4.4 percent in the year through October, according to Nielsen data, a drop grocers attribute to...