Strong sales growth for Sainsbury in 1997

Article Abstract:

Operating profits at Sainsbury, the second-largest food retailer in the UK, rose by 14.7% in 1997 from 1996, boosted by a rise of 73 million pounds sterling in operating profits from the supermarket division and a 39 million pounds sterling rise from DIY store chain Homebase. Sales rose by 8.3% to 15.5 billion pounds sterling, with like-for-like growth of 3.4%. Overall sales from the supermarket division increased by 7.5% to 11.6 billion pounds sterling. The concern opened 19 new supermarkets in 1997.

Do-It-Yourself Building Materials (Ret, Home Centers, Lumber and other building materials, Building materials industry, Home center stores, J Sainsbury PLC, Do-it-yourself products industry

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Safeway results not good enough to dispel merger rumours

Article Abstract:

Operating profits at Safeway, the fourth-largest food retailer in the UK, declined by 8% in 1997 from 1996 to 426 million pounds sterling, not taking into account the costs of the concern's store portfolio review and redundancy programme. Pre-tax profits were down 13% to 375 million pounds sterling before exceptional costs. However, sales rose by 6% to 7.5 billion pounds sterling. There are renewed rumours of a possible merger with Asda, although this has been strongly denied by Safeway.

Safeway Food Stores Ltd.

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Mercadona confident of success

Article Abstract:

Spanish supermarket group Mercadona has confirmed that its turnover rose 29% to ??2.174bn in 1998. Admittedly, much of this increase came from acquisitions carried out in the year under review, which include Grupo Paquer/Supermercados Vilaro and Almacenes Gomez. However, turnover from continuing operations still rose 9%, and the average turnover from each outlet is now ??6m. The acquired stores and 29 new openings that featured in 1998 brought Mercadona's total number of outlets to 385

Sales, profits & dividends, Grocery Stores, Spain, Grocery industry, Mercadona S.A.

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