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International Supermarket News

McDonald's promotes former UK CEO to Global Chief Brand Officer

Wednesday, 25 August 2010 11:32 News
McDonald’s Corporation has announced that Steve Easterbrook, currently President and CEO of McDonald’s United Kingdom and President of Europe’s Northern Division, has been named as McDonald’s Executive Vice President and Global Chief Brand Officer.
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Chinese private label set to grow

Wednesday, 25 August 2010 10:36 News

QKL Stores Inc,  a leading regional supermarket chain in Northeastern China, has announced an update to its private label products which are sold in the Company's existing retail stores.

The management team at QKL continues to focus on the development of its own company-owned, private label store brands which enhance gross profit margin, distinguishes the Company from its competitors, and improves the brand image of its stores among its growing base of customers.

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Punch taverns sees sales slide despite good summer

Wednesday, 25 August 2010 08:46 News

Punch Taverns has seen sales fall 2% over the last year, despite a revival in the last two quarters, with profits suffering from falling proft margins on drinks.

Recent trading momentum is consistent with that outlined in the 6 July 2010 Interim Management Statement, continuing to benefit from improved operating standards, increased pub refurbishment activity and favourable summer weather.  As such, we now expect earnings before tax and exceptional items for the full year to be marginally ahead of our previous expectations.

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M&S announces new Chairman after long delay

Tuesday, 24 August 2010 08:54 News
Marks and Spencer Group plc (M&S) has announced the appointment of Robert Swannell to its Board. Robert, 59, will join the Board on 4 October 2010 as a Non-Executive Director prior to taking up his position as Chairman on 4 January 2011.

Sir Stuart Rose will continue as Chairman until that date, in order to ensure a smooth transition, and will then step down from the Board and leave M&S.

Robert Swannell brings considerable City experience having spent over 30 years in investment banking with Schroders/Citigroup. He was formerly Vice-Chairman Citi Europe and Co-Chairman of Citi’s European Investment Bank.
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Tesco launches drive-through supermarket

Tuesday, 24 August 2010 08:36 News

Tesco has announced the country’s first-ever drive-thru supermarket to help busy customers who want their shop picked and packed but who don’t have the time to wait at home for delivery.

Run by the Tesco dotcom team – who deliver more shopping to more homes than any other grocery retailer in Europe – the service means customers can pick up their shop at a supermarket without having to leave their cars.

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Andrew Opie, Food Policy Director of the British Retail Consortium

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