Sainsbury, Top UK Supermarkets May Face Fines over Violation of Groceries Code
British supermarkets that fail to abide by the U.K.’s Groceries Code may face fines in the near future. UK Business Secretary Vince Cable on Thursday tabled measures in Parliament which will give the More...
Sir Philip Green Wants to Sell BHS, But Will There Be a Buyer
It doesn’t come as a surprise that Sir Philip Green, who owns Arcadia Group, wants to sell BHS, but the question is, will there be a buyer? In a difficult environment for British retailers, with More...
Fearsome Snowstorm Poses First Test of Uber’s Commitment to Cap Prices
App-based ride-hailing service Uber has vowed to keep its promise to limit prices during the massive blizzard now slamming into the northeastern U.S., in the first test of its new emergency pricing policy More...
Sainsbury to Implement Layoffs Under Expense Reduction Program
J Sainsbury Plc plans to cut about 500 jobs at its store support centers as U.K. grocers seek to bring down costs amid a supermarket price war, Bloomberg said. The reductions at centers located in London, More...
Sainsbury’s Sales Slump, Sits on Empty Land
Britain’s legendary supermarkets, like Sainsbury’s and Tesco have had a “truly awful year, ” according to the Telegraph, and are sitting on copious acres of land it may be unprofitable More...
Sainsbury’s Shares Soar As Crystal Amber Takes a Stake
The legendary British supermarket chain, Sainsbury’s might get a new lease on life as shares rose amid talks that Crystal Amber Fund, a U.K activist hedge fund, is likely to take a stake, as reported More...
What Will Sam Zell’s Book ‘Gravedancer’ Say About Tribune Fiasco?
Sam Zell, chairman of Equity Group Investments, announced he is writing a book, called, appropriately enough “Gravedancer, ” according to LAObserved. Does the title imply he was whistling More...
Consumer Revolution Sparks ‘Five-Shekel Supermarket’ Chain
Originally published by The Jewish Press The man who introduced Israelis to the five-cent cup of coffee now is planning to open up a chain of supermarkets that will sell 600 leading food and housewares products More...
Sainsbury’s Must Shrink to Keep Up
After seeing disappointing sales in the changing and competitive supermarket industry in Britain, Sainsbury’s is scrapping plans to expand its store count and might cut its dividend by as much a a third, More...
Whole Foods Delivers Holistic Health to Its Stock after Positive Earnings
On his Mad Dash segment in CNBC, Jim Cramer said of Whole Foods, “This is the beginning of the turn.” Whole Foods had been a challenged stock for a few quarters as analysts were concerned about More...