Content about Economy of the United Kingdom

July 21, 2014

Imagine a lifelong Procter & Gamble employee suddenly named CEO of Walmart and that is essentially what happened at leading global retail Tesco where the company has named long time Unilever executive Dave Lewis as its next CEO.

Imagine a lifelong Procter & Gamble employee suddenly named CEO of Walmart and that is essentially what happened at leading global retail Tesco where the company has named long time Unilever executive Dave Lewis as its next CEO.

July 11, 2014

Unilever has sold its Slim-Fast brand to Kainos Capital. The supplier of food, home and personal care products will retain a minority stake in the business. Terms of the transaction, which was completed late this week, were not disclosed.

Unilever has sold its Slim-Fast brand to Kainos Capital. The supplier of food, home and personal care products will retain a minority stake in the business. Terms of the transaction, which was completed late this week, were not disclosed.

The transaction includes the Slim-Fast trademark and the global Slim-Fast business portfolio. Slim-Fast is sold throughout North America and in the United Kingdom and Ireland.

April 11, 2014

In recognition of its support of national defense and the uniformed service community Safeway received the Military Officers Association of America’s highest honor.

In recognition of its support of national defense and the uniformed service community Safeway received the Military Officers Association of America’s highest honor.

Safeway was presented with the organization’s Distinguished Service Award at an event in Washington, D.C., in recognition of its outstanding support as an employer of Guard and Reserve members and veterans. The Military Officers Association of America (MOAA) ’s highest honor. MOAA was founded in 1929 and has 380,000 members.

February 5, 2014

Topshop/Topman plans to open a 40,000-sq-ft. flagship store on Fifth Avenue in New York. The new Manhattan store will be located on the corner of 49th Street, and is adjacent to Rockefeller Center.

Topshop/Topman plans to open a 40,000-sq-ft. flagship store on Fifth Avenue in New York. The new Manhattan store will be located on the corner of 49th Street, and is adjacent to Rockefeller Center.

December 11, 2013

Safeway has named Brian Baer as president of the company's Eastern Division.

Safeway has named Brian Baer as president of the company's Eastern Division.

"Brian's proven management skills and experience will serve our customer base well in the Eastern Division," stated Kelly Griffith, Safeway EVP retail operations.

Baer joined Safeway in 2001 as VP Finance for the company's Phoenix division. In 2004, he became group VP of finance planning and analysis at the Safeway's corporate headquarters. He joined the Dominick's division as CFO in 2008, and was promoted to president of that division in 2011.

October 24, 2013

Coupons.com has appointed former Safeway executive Mir Aamir as the company’s CFO and COO.

Coupons.com has appointed former Safeway executive Mir Aamir as the company’s CFO and COO.

October 23, 2013

Canada Safeway is up for grabs, and the Canadian Competition Bureau is allowing Sobey’s Inc. to proceed with the acquisition of substantially all its assets.

Canada Safeway is up for grabs, and the Canadian Competition Bureau is allowing Sobey’s Inc. to proceed with the acquisition of substantially all its assets.

As part of the consent agreement, Sobey’s will divest 23 stores in the provinces of Alberta, British Columbia, Manitoba and Sasketchewan. The deal, announced in June, will cost Sobey’s owner Empire Co. Ltd. about $5.7 billion.

October 18, 2013

Specialty beverage retailer BevMo! has appointed former Safeway executive Douglas J. Ratto as the company's EVP, chief merchant. Ratto will lead the buying, planning, allocations and distribution teams at BevMo!

Specialty beverage retailer BevMo! has appointed former Safeway executive Douglas J. Ratto as the company's EVP, chief merchant. Ratto will lead the buying, planning, allocations and distribution teams at BevMo!

October 18, 2013

Leading U.K. food retailer Sainsbury just past online grocery sales of £1 billion ($1.6 billion U.S.) and to celebrate the occasion announced plans to open its first dedicated online fulfillment center in east London.

Leading U.K. food retailer Sainsbury just past online grocery sales of £1 billion ($1.6 billion U.S.) and to celebrate the occasion announced plans to open its first dedicated online fulfillment center in east London.

Home delivery of grocery is more commonplace in the U.K., especially London, where higher population densities and prohibitively high fuel prices discourage vehicle ownership.

September 23, 2013

Catalog Spree, a digital mall that lets consumers browse, discover and shop their favorite brands, has launched a new beauty department in its mobile shopping app with lookbooks for Sephora, Beauty.com, Avon, Bliss and the Body Shop.

Catalog Spree, a digital mall that lets consumers browse, discover and shop their favorite brands, has launched a new beauty department in its mobile shopping app with lookbooks for Sephora, Beauty.com, Avon, Bliss and the Body Shop. 

The new department also features the Catalog Spree-branded Beauty Fall 2013 lookbook which includes brands such as Benefit, Bobbi Brown, Marc Jacobs, NARS and Yves Saint Laurent.

September 16, 2013

Safeway and Food Network host Marcela Valladolid have unveiled a Safeway-exclusive Marcela Valladolid brand, which offers an assortment of Mexican food products.

PLEASANTON, Calif. — Safeway and Food Network host Marcela Valladolid have unveiled a Safeway-exclusive Marcela Valladolid brand, which offers an assortment of Mexican food products.

June 20, 2013

U.S. retailers can look across the pond to Tesco for some digital inspiration. The retailer is launching a new tablet app that will allow shoppers to sign up for its Tesco Clubcard.

LONDON — U.S. retailers can look across the pond to Tesco for some digital inspiration. The retailer is launching a new tablet app that will allow shoppers to sign up for its Tesco Clubcard. 

Tesco is looking to recruit more customers to sign up for the retailer’s loyalty card and join the 17 million who already have it. 

The app, built by mobile marketing specialists Incentivated, is hosted on dedicated iPads located in specially created branded cases attached to the walls of stores.

May 31, 2013

Safeway has appointed Land O' Lakes executive Barry Libenson as the company’s SVP and CIO. He succeeds David Ching, who retired earlier this year after 19 years with the company.

PLEASANTON, Calif. — Safeway has appointed Land O' Lakes executive Barry Libenson as the company’s SVP and CIO. He succeeds David Ching, who retired earlier this year after 19 years with the company. 

As CIO, Libenson will oversee Safeway's extensive information technology business functions, reporting directly to Safeway EVP Larree Renda. 

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.