Sainsbury's sales rise as retailer fights back

Article Abstract:

The supermarket chain Sainsbury's reported a turnover of 14.3 billion pounds sterling in 1996 which is an increase of 6% from the turnover in 1995. The improvement in sales during 1996 did not prevent a 11% decline in operating profits to 661.5 million pounds sterling. The Reward card scheme has helped to increase customer loyalty although operating margins were adversely affected by the cost of establishing the scheme. Sales from Shaw's, a subsidiary company in the US improved by 12.4% although profits were reduced due to the cost of acquiring 17 stores from the Ahold group.

J Sainsbury PLC, Company Profile

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Continent raises presence in Greek supermarket sector

Article Abstract:

Continent of France, has launched its second hypermarket in northern Greece. It became the third largest Green supermarket group in 1995, with profits from its first outlet in Athens reaching 2 billion Drachma. The top 10 leading supermarket and hypermarket chains saw total profit of 15.6 billion Drachma in 1995. Smaller chains are establishing buying groups, in response to rising competition.

Continent-Hypermarches, CON

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Steady interim performance from CSM

Article Abstract:

Dutch food and ingredients group CSM has reported net profits up 12% to HF1125.7m (?? 57.0m) on sales up 7.6% in the first half of the 1998/99 financial year. If the impact of currency fluctuations is discounted, the group said net profits would have risen 15% to HF1128.8m on net turnover up 11.1% to HF12.173bn

Netherlands, Sales, profits & dividends, Food & Kindred Products, Food Manufacturing, FOOD AND KINDRED PRODUCTS, Food industry, CSM N.V.

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