Content about Economy of the United Kingdom

May 21, 2013

Balance Innovations, a provider of reconciliation and cash office management solutions for the retail industry in the United States and Canada, has named former Safeway executive Steve Rempel president and CEO.

LENEXA, Kan. — Balance Innovations, a provider of reconciliation and cash office management solutions for the retail industry in the United States and Canada, has named former Safeway executive Steve Rempel president and CEO. 

In this role, Rempel will lead the company as it further develops its core products and evolves to the next generation of cash office reconciliation solutions for the retail industry.

May 6, 2013

The Manufacturing Leadership Council, a global business network for senior industrial executives, has elected Dana S. Deasy, group CIO and group VP of information technology and services at BP, to the board of governors.

MOUNTAIN VIEW, Calif. — The Manufacturing Leadership Council, a global business network for senior industrial executives, has elected Dana S. Deasy, group CIO and group VP of information technology and services at BP, to the board of governors.

May 3, 2013

Safeway’s Lucerne brand cow is the face of the company’s eighth annual Lucerne: The Art of Dairy art contest. Safeway chose nine student finalists whose life-size fiberglass cows stand to win one of them a $30,000 grand prize.

PLEASANTON, Calif. — Safeway’s Lucerne brand cow is the face of the company’s eighth annual Lucerne: The Art of Dairy art contest. Safeway chose nine student finalists whose life-size fiberglass cows stand to win one of them a $30,000 grand prize.

April 30, 2013

Best Buy is leaving the European market. The company is selling its stake in a joint European venture with U.K.-based consumer electronics retailer Carphone Warehouse Group PLC for cash and stock worth about $775 million USD.

MINNEAPOLIS — Best Buy is leaving the European market. The company is selling its stake in a joint European venture with U.K.-based consumer electronics retailer Carphone Warehouse Group PLC for cash and stock worth about $775 million USD.
 
Best Buy Co. will also pay Carphone 29 million pounds (about $45 million) related to existing agreements that will be terminated when the deal closes. The U.S. retailer also said that it will incur an approximately $200 million asset impairment charge related to the stake sale.
 

April 25, 2013

Safeway shares dropped dramatically as the company reported $10 billion in sales for its first quarter 2013 ended March 23, which is essentially flat as compared to the first quarter of 2012.

PLEASANTON, Calif. — Safeway shares dropped dramatically as the company reported $10 billion in sales for its first quarter 2013 ended March 23, which is essentially flat as compared to the first quarter of 2012. An identical-store sales increase of 1.5% (excluding fuel) was offset primarily by the disposition of Genuardi's stores in 2012 and lower fuel sales in 2013.
 

April 18, 2013

With 6,700 stores in 12 markets, Tesco is a formidable competitor globally, but Walmart won’t have to worry about competing with the company on its home turf.

With 6,700 stores in 12 markets, Tesco is a formidable competitor globally, but Walmart won’t have to worry about competing with the company on its home turf.

March 22, 2013

U.K.-based Tesco has lost up to $2 billion in its failed Fresh & Easy California venture, according to a report by the Los Angeles Times — Tesco had placed the troubled grocer on the sales bloc in December following the departure of Fresh & Easy CEO Tim Mason.

LOS ANGELES — U.K.-based Tesco has lost up to $2 billion in its failed Fresh & Easy California venture, according to a report by the Los Angeles Times — Tesco had placed the troubled grocer on the sales bloc in December following the departure of Fresh & Easy CEO Tim Mason. 

The retailer's struggles can be traced to labor unions and an ambitious investment into an 850,000-sq.-ft. distribution center that placed pressure on the 200-store chain to expand rapidly, according to the LA Times report. 

March 15, 2013

Safeway president of merchandising, Kelly Griffith, was named to a new operational position, filling a void created by the retirement of EVP of retail operations Bruce Everette.

Safeway president of merchandising, Kelly Griffith, was named to a new operational position, filling a void created by the retirement of EVP of retail operations Bruce Everette.

February 21, 2013

Safeway Inc. reported net earnings from continuing operations of $1.06 per diluted share for the fourth quarter which ended Dec. 29, 2012.

PLEASANTON, Calif. — Safeway Inc. reported net earnings from continuing operations of $1.06 per diluted share for the fourth quarter which ended Dec. 29, 2012. This includes a $0.12 per diluted share benefit from legal settlements. When you exclude this benefit, earnings per diluted share is 94 cents. This represents a 58% improvement in earnings per diluted share over last year when the settlements are included and a 40% improvement when the settlements are excluded. 

February 4, 2013

U.K. department store chain, John Lewis, has named Mak Lewis as online director, effective March 4. He will join the John Lewis management board (JLMB), reporting to managing director Andy Street.

U.K. department store chain, John Lewis, has named Mak Lewis as online director, effective March 4. He will join the John Lewis management board (JLMB), reporting to managing director Andy Street.

Lewis past roles include spending six years at eBay as U.K. managing director and European marketplaces director. He was most recently CEO of Collect+.

January 29, 2013

Walmart's U.K. chain, Asda, is optimizing its distribution operations by incorporating Isotrak vehicle-tracking, along with Paragon routing and scheduling software.

Walmart's U.K. chain, Asda, is optimizing its distribution operations by incorporating Isotrak vehicle-tracking, along with Paragon routing and scheduling software.

The new system has enabled Asda to implement a new regional distribution structure.

January 3, 2013

The hunt is on for a new chief executive at Safeway following the resignation of longtime chairman and CEO Steve Burd.

The hunt is on for a new chief executive at Safeway following the resignation of longtime chairman and CEO Steve Burd.

Burd, 62, is scheduled to retire at the company’s annual stockholders meeting on May 14 and will aid in the search of his successor that is said to include internal and external candidates. Burd joined Safeway in October 1992 as president and was appointed CEO in May of the following year.

December 21, 2012

Leading U.K. retailer J. Sainsbury named Jean Tomlin to its board as a non-executive director, effective January 1, 2013.

Leading U.K. retailer J. Sainsbury named Jean Tomlin to its board as a non-executive director, effective January 1, 2013.

Tomlin’s appointment follows the previously announced retirement of Anna Ford from her role as non-executive director, effective December 31. In addition to her overall board contribution, Tomlin will chair the company’s corporate responsibility committee and sit on the remuneration and nomination committees.

December 7, 2012

Tesco and Walmart’s Asda division are intense competitors in the U.K. and that was supposed to be the case in the U.S. when Tesco arrived in 2007 with its Fresh & Easy format.

Tesco and Walmart’s Asda division are intense competitors in the U.K. and that was supposed to be the case in the U.S. when Tesco arrived in 2007 with its Fresh & Easy format.

December 5, 2012

Tesco arrived in the U.S. in 2007 amid great fanfare with its first Fresh & Easy stores. Now, just five years later, the 30 year Tesco veteran in charge of the 200 unit operation is gone and the company is looking to unload the stores.

Tesco arrived in the U.S. in 2007 amid great fanfare with its first Fresh & Easy stores. Now, just five years later, the 30 year Tesco veteran in charge of the 200 unit operation is gone and the company is looking to unload the stores.

November 28, 2012

Reckitt Benckiser has appointed Suzanne LoGalbo as the new regulatory affairs director for Reckitt Benckiser North America.

PARSIPPANY, N.J. — Reckitt Benckiser has appointed Suzanne LoGalbo as the new regulatory affairs director for Reckitt Benckiser North America. 

LoGalbo joins RB from Pfizer Consumer Health. While at Pfizer, LoGalbo most recently held the position of global regulatory portfolio lead worldwide regulatory strategy. Prior to Pfizer, Suzanne was the head of global regulatory affairs North America for Novartis Consumer Health. She has also held regulatory leadership roles at Polaris, Solvay, Arganon and Sandoz. 

October 8, 2012

Safeway SVP human resources, Russ Jackson, has been named by Human Resource Executive magazine to the 2012 HR Honor Roll.

PLEASANTON, Calif. — Safeway SVP human resources, Russ Jackson, has been named by Human Resource Executive magazine to the 2012 HR Honor Roll. Jackson will be recognized by the publication on Oct. 9 at a black tie awards dinner at the University Club of Chicago.

"Russ is a transformational architect within Safeway," said Safeway EVP, Larree Renda. "With his vision, insight and drive for results, he has built a human resources organization that is a powerful accelerator of change."

October 2, 2012

Safeway is calling on its associates and customers to take simple steps toward a better life.

PLEASANTON, Calif. — Safeway is calling on its associates and customers to take simple steps toward a better life.

The company has launched the "Heart of Safeway Pledge" as a personal call-to-action to take simple, everyday steps – such as using energy-conserving light bulbs, taking a 15-minute walk three times a week or eating healthier foods – that benefit pledge-takers and their communities.

September 19, 2012

George at Asda is extending its Moda line to offer more fashion items for U.K. women over 40.

LONDON, UNITED KINGDOM — George at Asda is extending its Moda line to offer more fashion items for U.K. women over 40.

Over two years in development and following a series of intensive customer focus groups, the collection has been created by George's team of industry leading in-house designers with customers' feedback.

July 2, 2012

U.K. retailing giant Tesco PLC could give up its American supermarket venture, Fresh & Easy Neighborhood Market, if the chain continues to disappoint and not make a profit, according to various news reports.

NEW YORK — U.K. retailing giant Tesco PLC could give up its American supermarket venture, Fresh & Easy Neighborhood Market, if the chain continues to disappoint and not make a profit, according to various news reports.

In remarks at the company’s annual meeting on Friday, Tesco CEO Philip Clarke said: “If we see there is no chance of success, we’ll do as we’ve just done in Japan,” referring to Tesco’s deal this month to exit that market.

April 26, 2012

Safeway's first quarter net income rose to $81.6 million, from $25.1 million in the year-earlier period.

PLEASANTON, Calif. — Safeway's first quarter net income rose to $81.6 million, from $25.1 million in the year-earlier period. Sales edged up 2.4% to $10 billion, from $9.8 billion last year. Same-store sales were flat.

April 19, 2012

LONDON — The break-even forecast for the U.S. division of Tesco has been pushed back to early next year, the U.K. retail giant announced in its fiscal-year results.

March 29, 2012

Wal-Mart Stores is making strides across the Atlantic, as its Asda division is taking more of the grocery market share in the United Kingdom from rival Tesco.

According to a report from research firm Kantar Worldpanel, for the 12-week period ended March 18, Asda's share of the market grew to 17.9% on top of a year-over-year growth rate of 7.8%. By comparison, Tesco's growth rate of 2.7% lags behind the overall grocery market, which is growing at 4%.

September 26, 2011

Safeway has appointed Kent Bradley as its new chief medical officer.

PLEASANTON, Calif. — Safeway has appointed Kent Bradley as its new chief medical officer.

In his new role, Bradley will be responsible for developing and guiding the company's extensive portfolio of health care programs including its employee and consumer wellness and prevention activities. Additionally, Bradley also will assist Safeway's Safeway Health subsidiary on a range of business initiatives, the company said. He will report to Safeway EVP and Safeway Health president Larree Renda.

August 22, 2011

Tesco's U.S. subsidiary Fresh & Easy said it's looking to fill more than 100 employee positions, including positions for four new California stores, the company announced Thursday.

EL SEGUNDO, Calif. — Tesco's U.S. subsidiary Fresh & Easy said it's looking to fill more than 100 employee positions, including positions for four new California stores, the company announced Thursday.

Over the next several weeks, Fresh & Easy will open four new stores, which will be located in Los Angeles, Anaheim Hills, Calif., and Sunnyvale, Calif.