DOCSLIB.ORG

Are You Ready for Change?

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Are You Ready for Change? Making magazines special Creating a destination store for news and mags STORE LOOKBOOK Page 6 » RETAIL NEWS THAT MATTERS ● £2.40 ● 20.01.2017 Are you ready for The c-store lounge bar change? Dan Cock on adding a café and bar ● 11 questions to ask before adapting, to his Devon Premier store innovating or expanding your business ● Four inspirational case studies Page 24 » The food to go specialist Keith Fernie from David’s Kitchen on creating a hot food-focused business INNOVATION BREXIT COMPENSATION Meal deals 20% price Roadworks spark £3k rises on cost me food to cards for £5k a week go boost shoppers NFRN to launch Vol 128 No 03 campaign as Spar Budgens retailer We can’t keep FOR TRADE USE ONLY David Knight shares absorbing higher 03 retailer Kevin Hunt his success story wholesale costs, say reports huge sales Page 12 » retailers Page 5 » drop Page 4 » 2 20 January 2017 RN CONTENTS Shaping the future of independent retail since 1889 12 Reasons to invest in Editor Associate editor News editor protein Chris Gamm Chris Rolfe Gurpreet Samrai @ChrisGammRN @ChrisRolfeRN @GurpreetS_RN products 020 7689 3378 020 7689 3362 020 7689 3386 Page 30 Features editor Reporter Reporter Tom Gockelen-Kozlowski Charlie Faulkner Dave Songer @TomGK_RN @CharlieFaulkRN @DaveSongerRN 020 7689 3361 020 7689 3357 020 7689 3358 Reporter Head of production Senior designer Jennifer Hardwick Darren Rackham Anne-Claire Pickard @JenniferH_RN @DarrenRackhamRN 020 7689 3391 020 7689 3350 020 7689 3373 “Recruitment is costly, but having the right staff really takes Designer Account managers Marketing executive Emma Langschied Marta Dziok-Kaczynska Keelan Farley 020 7689 3380 020 7689 3354 020 7689 3356 the pressure off you.” Production Erin Swanson Financial controller Ramesh Shingadia on how to coordinator 020 7689 3372 Parin Gohil Billy Allen Nathan Gray 020 7689 3375 run effective job interviews Page 21 020 7689 3368 020 7689 3363 Managing director Director of sales Marketing manager Nick Shanagher Mike Baillie Tom Mulready 07966 530 001 020 7689 3367 020 7689 3352 HEADLINES OPINION Account director Marketing executive Will Hoad Tom Thorn 020 7689 3370 020 7689 3384 4 BREAKING NEWS 18 YOUR NEWS Tackling roadworks nightmare Meal deals add £3,000 to David Knight’s weekly food to go sales If you do not receive your copy of RN please contact Tom Thorn 6 STORE LOOKBOOK on 020 7689 3384 or email [email protected] Nainesh Shah’s Belgravia 20 YOUR REGION Printed by Southernprint, Poole, on 80gsm Galerie Fine Gloss paper magazine emporium Report from the east midlands Distributor Seymour Distribution, 2 East Poultry Avenue, London, EC1A 9PT Audit Bureau of Circulations 10 SYMBOL NEWS 22 YOUR VIEWS July 2015 to June 2016 average net circulation per issue 13,316 Landmark to boost core sales No help from Camelot after burglary Annual Subscription 11 UK 1 year £150 Europe £302 NEWS & MAGS 2 years £237 Rest of world £354 Foreign newspaper opportunity 3 years £333 To subscribe contact 01737 457236 12 PRODUCT TRENDS What’s New Skittles and Starburst news Newtrade vegan 11 Angel Gate, City Road, London EC1V 2SD 13 BRAND SNAPSHOT special Tel 020 7689 0600 Updates on nine big brands email [email protected] RN is published by Newtrade Publishing Limited, which is wholly owned by NFRN Holdings Ltd, which is 14 WHAT’S NEW? wholly owned by the Benefits Fund of the National Federation of Retail Newsagents. Retail Newsagent is editorially independent of the NFRN and opinions, comments and reviews included are Vegan products in focus not necessarily those of the Federation and no warranty for goods or services described is implied. Reproduction or transmission in part or whole of any item from Retail Newsagent may only be 16 PRICEWATCH undertaken with the prior written agreement of the Editor. Contributions are welcomed and are included in part or whole at the sole discretion of the editor. Benchmark your Newtrade Publishing accepts no responsibility for submitted material. Every chocolate prices Page 14 possible care is taken to ensure the accuracy of information. For trade use only RN 20 January 2017 3 Follow RN Follow RN Email & Visit the TALK f on Facebook on twitter phone RN website facebook.com/ThisisRN @ThisisRN for expert advice to email [email protected] www.betterretailing.com/RN 12 TO RN to have your say on the latest news help you grow your sales tel 020 7689 0600 extensive galleries and news WELCOME Checking an idea is right for your business is vital before investing your time and money WE SELL 60 FOREIGN very week RN is full of ideas to inspire NEWSPAPERS you and new opportunities to copy to A DAY develop your own business. EThere are lots of great examples in this is- Page 6 sue. You tell us you love learning from other retailers, so we’ve gone to some very different stores for inspiration. Editor Budgens retailer David Knight shares how INSIGHT Chris Gamm he grew his weekly turnover by £3,000 by @ChrisGammRN adding new gourmet lines and a meal deal 21 ADVICE CENTRE 020 7689 3378 to his food to go offer. Meanwhile, news spe- How to run effective job inter- cialist Nainesh Shah shows how to make views, with Ramesh Shingadia your store a destination for news and maga- from Londis Southwater zines and build a business around these categories. 24 PREPARING FOR CHANGE The number of UK vegans has tripled in the past decade 11 questions to ask to make and veganism is being heavily touted to be the next big sure you are making the right trend. So, this week’s What’s New comes from the Vegan Life investment for your business show, featuring 11 new products for your store. However, it is vital to check an idea or area of innovation is 29 PROTEIN PRODUCTS 12 reasons to invest in right for your business before investing your time and money this growing category in a new project. For this week’s special report, RN investi- gates the 11 questions you should consider before adapting, 32 COLUMNIST innovating or expanding your business. Doug Love from It includes ideas for experts to partner with and tips for Trading Standards on ‘For my money, plain getting staff, customer and local stakeholder buy-in to make complying with new your project a success. It also features four case studies for legislation packs will help in the fight against how completely different businesses – from a local newsagent 42 THIS WEEK IN to a c-store-cum-takeaway – are innovating for the future. MAGAZINES the illicit trade’ What are you developing in your own store? Try this model New Madonna one Doug Love from to help shape your own plans. And let us know how you get shot and 10 other Trading Standards on so we can share the results with our readers. opportunities Page 32 4 20 January 2017 RN BREAKING NEWS BAT takes over rival to top list British American Tobacco (BAT) has become the big- gest listed tobacco firm following its $49.4bn (£40bn) deal to take over US rival Reynolds. BAT will acquire the re- maining 57.8% of Reynolds Businesses ‘taken to the brink’ by roadworks Retailer’s £55,000 loss since November it does not already own, which will see the uniting of big name brands includ- ing Lucky Strike, Roth- NFRN campaigns to win mans, Dunhill and Camel cigarettes. Nicandro Durante, BAT’s chief executive, said: “It roadworks compensation will create a stronger, global tobacco and new generation by Gurpreet Samrai levels of compensation are products business with di- [email protected] provided to those afected, rect access for our products utility companies and across the most attractive The NFRN has pledged to highways authorities will markets in the world.” fight for compensation for focus on getting any work retailers losing thousands completed more quickly. All of pounds in sales due to too often roads and pave- Trinity in disruption caused by “never ments are dug up weeks ending” roadworks. before any work actually N&S talks It will launch a campaign begins,” he said. Trinity Mirror has con- calling for a change in “We will be calling for a firmed it is in talks with policy at its parliamentary change in policy to ensure Northern & Shell about a reception on 21 February, local businesses directly potential tie-up deal. after gaining the support of impacted by road or utility The two companies held 12 MPs. maintenance get a propor- talks about a possible deal The federation told RN tionate business rate refund two years ago, which came the process for claiming or are adequately compen- to nothing. compensation from util- sated by utilities or county In a statement, Daily ity companies can be very councils, depending on the Kevin Hunt (inset) has lost £55,000 in takings since Mirror publisher Trinity complicated with retailers nature of the works.” roadworks near his store started in November Mirror said it is “at an “whose businesses can be The news comes as Spar early stage of discussions taken to the brink” often retailer Kevin Hunt told due to finish on 23 Decem- down,” he said. towards taking a minority asked to fill in hundreds RN ongoing roadworks ber but have overrun, with “If the contractors were interest in a new company of pages. NFRN chief blocking of a main route to the road now expected to made to compensate, comprising certain North- executive Paul Baxter said one of his stores in Euxton, remain closed until the end they probably would have ern & Shell’s assets”.
Load more

Recommended publications
  • The Original Lists of Persons of Quality, Emigrants, Religious Exiles, Political
    Cornell University Library The original of tiiis book is in the Cornell University Library. There are no known copyright restrictions in the United States on the use of the text. http://www.archive.org/details/cu31924096785278 In compliance with current copyright law, Cornell University Library produced this replacement volume on paper that meets the ANSI Standard Z39.48-1992 to replace the irreparably deteriorated original. 2003 H^^r-h- CORNELL UNIVERSITY LIBRARY BOUGHT WITH THE INCOME OF THE SAGE ENDOWMENT FUND GIVEN IN 1891 BY HENRY WILLIAMS SAGE : ; rigmal ^ist0 OF PERSONS OF QUALITY; EMIGRANTS ; RELIGIOUS EXILES ; POLITICAL REBELS SERVING MEN SOLD FOR A TERM OF YEARS ; APPRENTICES CHILDREN STOLEN; MAIDENS PRESSED; AND OTHERS WHO WENT FROM GREAT BRITAIN TO THE AMERICAN PLANTATIONS 1600- I 700. WITH THEIR AGES, THE LOCALITIES WHERE THEY FORMERLY LIVED IN THE MOTHER COUNTRY, THE NAMES OF THE SHIPS IN WHICH THEY EMBARKED, AND OTHER INTERESTING PARTICULARS. FROM MSS. PRESERVED IN THE STATE PAPER DEPARTMENT OF HER MAJESTY'S PUBLIC RECORD OFFICE, ENGLAND. EDITED BY JOHN CAMDEN HOTTEN. L n D n CHATTO AND WINDUS, PUBLISHERS. 1874, THE ORIGINAL LISTS. 1o ihi ^zmhcxs of the GENEALOGICAL AND HISTORICAL SOCIETIES OF THE UNITED STATES OF AMERICA, THIS COLLECTION OF THE NAMES OF THE EMIGRANT ANCESTORS OF MANY THOUSANDS OF AMERICAN FAMILIES, IS RESPECTFULLY DEDICATED PY THE EDITOR, JOHN CAMDEN HOTTEN. CONTENTS. Register of the Names of all the Passengers from London during One Whole Year, ending Christmas, 1635 33, HS 1 the Ship Bonavatture via CONTENTS. In the Ship Defence.. E. Bostocke, Master 89, 91, 98, 99, 100, loi, 105, lo6 Blessing .
    [Show full text]
  • T He New Space Race Is On. Even As
    property special the new space race he new space race is on. Even as the growth in superstores slows down, gro- cery chains are jostling for position in the rush to occupy the ‘new’ territory: The new high street-based convenience stores. TOne by one the supermarket chains have joined early leaders Tesco and Sainsbury’s in a battle to secure small stores in urban and suburban locations. New figures underline the extent of this trend. According to UK construction data experts Glenigan, space race in 2011 there was a 140% increase in c-store planning applications made by the mults on the previous year. Stuart Watson Although the number of c-store applications fell back last year, there were still almost twice as many plans tabled as in 2010 (see p50). So what’s behind this new The hypermarket is yesterday’s news. space race and does the push towards smaller stores spell the end for the hypermarket? The multiples are now fighting to snap The attraction of c-stores is being fuelled by busi- nesses that are “hooked on the drug of growth,” up space vacated by HMV, Jessops and says Richard Hyman, president of retail consultants PatelMiller. “After 30 years of relentless development of Blockbuster to fuel the growth of their hypermarkets, saturation has arrived. The last bastion of the grocery market that they had not yet penetrated convenience store formats was convenience.” 48 | The Grocer | 2 March 2013 www.thegrocer.co.uk The timing of the new push couldn’t have been better. from smaller outlets.
    [Show full text]
  • A History: 1993–2018
    r e d l E m a d A @ : t i d e r C Scottish Grocers Federation 222/224 Queensferry Road A History: Edinburgh EH4 2BN 199 3– 2018 T: 0131 343 3300 E: [email protected] W: scottishshop.org.uk By Lawrie Dewar MBE Edited by Karen Peattie Foreword by Pete Cheema 1981 Tom Hood President 1962-1963 1981 Jack Suttie President 1966-1967 1981 David Woodside President 1969-1970 1981 Archie Alexander Federation Secretary 1982 Roy McFarlane President 1963-1964 1982 Malcolm MacLeod President 1967-1968 1982 John Aitken President 1968-1969 1982 Bruce Aitkenhead President 1973-1974 1982 Roger Rogerson President 1974-1975 1982 Stan Clarke President 1978-1979 Our industry is worth Honorary 1983 May Christie SGF NEX £5.2 billion per annum Members of the 1983 Ian Adam President 1956-1957 “ 1983 James McGuire President 1972-1973 1983 James Renwick President 1977-1978 to the Scottish economy Scottish Grocers’ 1984 John Irving President 1976-1977 1984 Willie McPhail and directly employs Federation 1984 BenSavage 1984 Geoff Walker over 41,000 people 1986 Madge Alexander 1987 Sam Kilburn ” 1987 Archie McNicol McCurrach’s 1989 Michæl Kempton Federation Accountant 1993 Lionel Cashin Mars UK 1996 Andrew Nicol President 1987-1988 1996 Walter McCubbin SGF NEX 1997 John Paterson SGF NEX 1998 Sarah Jeffrey MD, PGMA 1999 Calum Duncan SGF NEX 1999 Lambert Munro SGF NEX 2001 Lawrie Dewar President 1975-1976/Fed Sec 2001 Ross Kerr Walkers Crisps 2006 Eddie Thompson President 1998-2000 2006 Scott Landsburgh President 1994-1996/Fed Sec 2008 Dougie Edgar President 2000-2002 2012 Jim Botterill President 2002-2004 2012 David Sands President 1996-1998 2017 Tom Wilson President, 1980/81 and 1986/87 2017 Ian McDonald JW Filshill 2017 Alan McCaffer PepsiCo 2017 Bep Dhaliwal Mars Chocolate 2017 Sandy Wilkie Retired Milkman Foreword It is remarkable to think that the Scottish Technology, meanwhile, has been our Grocers’ Federation has reached such a friend and allows retailers to work in pivotal moment in its history.
    [Show full text]
  • Tesco Booker
    Anticipated acquisition by Tesco plc of Booker Group plc Decision on relevant merger situation, substantial lessening of competition and reference ME/6677/17 The CMA’s decision on reference under section 33(1) of the Enterprise Act 2002 given on 12 July 2017. Full text of the decision published on 21 July 2017. Please note that [] indicates figures or text which have been deleted or replaced in ranges at the request of the parties for reasons of commercial confidentiality. Contents Page SUMMARY ...................................................................................................................... 2 ASSESSMENT ................................................................................................................ 4 Parties ........................................................................................................................ 4 Transaction ................................................................................................................ 5 Jurisdiction ................................................................................................................. 5 Procedure .................................................................................................................. 5 Background ................................................................................................................ 6 Counterfactual............................................................................................................ 9 Frame of reference .................................................................................................
    [Show full text]
  • The Shape of Food Retailing in the New Normal 2
    THE SHAPE OF FOOD RETAILING IN THE NEW NORMAL 2: OPERATING COMMUNICATION TO THE NEW REALITIES VOICE OF THE CUSTOMER “We are not using the word ‘back’. It is banned. We only have the future. The future is very exciting for progressive and relevant business. It TEAM WELFARE is our responsibility to emerge from this crisis a stronger society” Debbie Robinson, Chief Executive, Central England Co-operative STORE PROPOSITION SCOTT ANNAN & DEV DHILLON - 25 MAY 2020 “Our ability to change rapidly is, I believe, one of the most important learnings from this pandemic. Rapid change and experimentation must be our new normal. Too many think BY AUTHORED things will simply return This paper is to the old normal and motivated by a desire probably most worrying to help food businesses there is little evidence of to successfully and change in our main proftably operate in supply chain” the new normal. David Sands, CEO David’s Retail, Scotland Lean and ‘just in time’ production from capital goods to food production will evolve to ‘plenty in 1. THE EMERGING OUTLOOK: time’ with additional capacity added to ride out the next business interruption, be that Covid-19 2021 or a climate change weather incident. A topical example is BWG Foods in Ireland whose Brexit contingency plan saw them holding extra stock levels, allowing for a > 97% retailer order The new normal is now upon us. Three billion people in 70 countries have been asked to stay at fulfilment through lockdown. home. Full lockdown (referred to as ‘Level 5 Lockdown’ based on the UK system) has decimated the global economy, sending unemployment to levels unseen in recent history.
    [Show full text]
  • VR April 11 to March 12 V2
    Trans Date Trans value Merchant Details 18/04/2011-£ 144,133.27 DIRECT DEBIT PAYMENT THAN 13/04/2011£ 16.99 WWW.PLUMBINGANDHEATINGSO 24/04/2011£ 237.01 SCREWFIX DIRECT 06/04/2011£ 99.00 SOPWELL HOUSE HOTEL 12/04/2011£ 1,125.50 PREMIER INN 13/04/2011£ 14.00 COMPANIES HSE FILE 04/04/2011£ 20.00 CO-OP GROUP 310196 20/04/2011£ 10.00 DAVID SANDS LTD 20/04/2011£ 10.00 DAVID SANDS LTD 20/04/2011£ 15.00 DAVID SANDS LTD 21/04/2011£ 10.00 DAVID SANDS 21/04/2011£ 10.00 DAVID SANDS 25/04/2011£ 15.00 CO-OP GROUP 310196 27/04/2011£ 15.00 DAVID SANDS LTD 31/03/2011£ 200.00 ROYAL BANK UK / 04/04/2011£ 5.90 CASH ADVANCE FEE 31/03/2011£ 1,044.63 CAPITAL HAIR & BEA 31/03/2011-£ 55.88 CAPITAL HAIR & BEA 16/04/2011£ 13.14 TESCO STORES SACAT 24/04/2011£ 35.20 TESCO STORES 2397 27/04/2011£ 6.89 ASDA SUPERSTORE 06/04/2011£ 40.00 DAVID SANDS 12/04/2011£ 44.00 GLENROTHES 12/04/2011£ 44.00 GLENROTHES 12/04/2011£ 20.00 CO-OP GROUP 310183 13/04/2011£ 10.00 CO-OP GROUP 310183 15/04/2011£ 10.00 DAVID SANDS 15/04/2011£ 10.00 CO-OP GROUP 010356 19/04/2011£ 20.00 DAVID SANDS 20/04/2011£ 38.00 GLENROTHES 21/04/2011£ 37.00 CO-OP GROUP 310183 25/04/2011£ 40.00 DAVID SANDS 26/04/2011£ 15.00 GLENROTHES 26/04/2011£ 30.00 CO-OP GROUP 010356 27/04/2011£ 20.00 DAVID SANDS 28/04/2011£ 30.00 GLENROTHES 28/04/2011£ 30.00 GLENROTHES 01/04/2011£ 35.00 CO-OP GROUP 010455 04/04/2011£ 30.00 DAVID SANDS 04/04/2011£ 20.00 CO-OP GROUP 010455 05/04/2011£ 30.00 CO-OP GROUP 310196 07/04/2011£ 50.00 CO-OP GROUP 310196 11/04/2011£ 40.00 CO-OP GROUP 310196 12/04/2011£ 15.00 CO-OP GROUP 010055 13/04/2011£
    [Show full text]
  • Proposed Acquisition by J Sainsbury Plc of 18 Petrol Stations from Rontec Investments LLP
    Proposed acquisition by J Sainsbury plc of 18 petrol stations from Rontec Investments LLP ME/5407/12 The OFT’s decision on reference under section 33(1) given on 7 June 2012. Full text of decision published 19 June 2012 Please note that the square brackets indicate figures or text which have been deleted or replaced in ranges at the request of the parties or third parties for reasons of commercial confidentiality. PARTIES 1. J Sainsbury plc (Sainsbury's) is a large national grocery retailer, which is also active in the retail supply of fuel in the UK. Sainsbury's is listed on the London Stock Exchange. 2. Rontec Investments LLP (Rontec) is a special purpose joint venture partnership between GMR Capital Limited, Investec plc, Grovepoint Capital LLP and others. Rontec recently acquired Total's retail fuel network in the UK, Isle of Man and Channel Islands made up of 810 Total branded sites.1 3. The target business (the Target) is comprised of 18 petrol forecourts owned by Rontec, nine of which are company-owned-dealer-operated (CODO) and nine of which are company owned company operated. The UK turnover of the 18 petrol stations being acquired is £[ ] for the financial year ended 31 December 2010. 2 1 See Case ME/5139/11 – Proposed acquisition by Rontec Investments LLP of petrol forecourts, stores and other assets from Total Downstream UK plc, Total UK Ltd and their affiliates dated 20 October 2011. 2 Total revenue (both fuel and non-fuel) inclusive of fuel duty but exclusive of VAT. 1 TRANSACTION 4.
    [Show full text]
  • The Shape of Food Retailing in the New Normal 4
    THE SHAPE OF FOOD RETAILING IN THE NEW NORMAL 4: ROLE OF RETAIL & THE FIVE FOODSERVICE BIG ITCHES THE SUPPLY MODEL “Times of crisis, of disruption or constructive change, are not only predictable, but desirable. They mean growth. Taking a new step, uttering a new word, is what people fear most” Fyodor Dostoevsky THE ADOPTION OF NEW TECHNOLOGY “If ever there is a moment to address the inefficient and expensive practices that serve only to feed a supplier’s promotional plan, rather than meet a genuine customer need, it’s now”. UNDERSTANDING CONSUMERS Dave Lewis Former CEO Tesco THE CPG DYNAMIC This paper is motivated by a desire to help food businesses to successfully and protably operate in the new normal. How can retailers leverage the trend? TRENDS: WHICH ONES ARE HERE TO STAY? Tesco is currently running a trial with Loop. I recently saw a FOREWORD BY SABINE BENOIT, number of very innovative initiatives in central Europe. The So-called life moments, such as moving out from the family home, that first Professor of Marketing at Surrey Business School researching the City of Freiburg, Germany, has introduced a reusable coffee job and marriage are important phases in our life in which we form new sharing economy, convenience retailing and service management. cup scheme with a €0.50 deposit per cup that is used by food habits. We also know that it takes time for habits to settle. The C-19 service and retailers. Or reCircle from Switzerland or Vytal pandemic is such a life moment. Many of our new habits are here to stay at from Germany offer reusable packaging such as white label some level.
    [Show full text]
  • Seeking Market Access for Iowa-Based, Value-Added Food
    RWG02-05A Investigation of Strategic Partnership Opportunities with Iowa Convenience Store Retailers: Seeking Market Access for Iowa -Based, Value-Added Food Products By John Norwood, Sue Futrell and Mary Holz-Clause November 1, 2005 Introduction Recent stories from the popular press have suggested that convenience stores may be an untapped opportunity for Iowa producers to market local products. The purpose of this study was to investigate the interest that Iowa-based convenience stores (C-stores) may have in purchasing locally grown or locally prepared foods. Independent Iowa producers appear to be well situated to tap this rapidly growing market segment. Iowa is home to a significant number of C-store operations which span from the single store operator, to mid-sized operations with 5 to 20 stores, to large multi-state enterprises with 100 or more stores across the Midwest. While convenience stores historically have relied on the sale of gasoline, tobacco and other convenience products to provide three quarters of their revenue, the industry reports new trends toward expanded food offerings as a way to improve both revenue generation and overall store profitability. Sales of food products in C-stores have been steadily increasing as a proportion of revenue over the past 10 years. In many small rural towns where population declines have led to the closing of local grocery stores, the convenience store has taken its place as both a source of basic sundries and as a community node. Meanwhile in some urban intercity neighborhoods, mainstream grocery stores have relocated to more lucrative locations leaving C-stores to supply both gas and convenience groceries.
    [Show full text]
  • Exclusivebrandsourcing Retailer/Wholesaler Database
    EXCLUSIVEBRANDSOURCING RETAILER/WHOLESALER DATABASE Copyright 2015 © Exclusive Brands LLC N/A = Not Available or Not Applicable A.S. WATSON GROUP 1-5 Wo Liu Hang Road, Fo Tan, New Territories, Hong Kong, CHINA Tel: +852 2606-8833 Fax: +852 2695-3664 www.aswatson.com Total 2012 Revenues: $18.9 Billion(HK$ 146.6 Billion) +4 % Percentage of Sales in Exclusive Brands: N/A Principal Business: A.S. Watson is the retail group owned by Hutchison Whampoa Limited, a HK $ 398.4 billion ($51.3 billion) +4%, multi-national conglomerate, which is also active in port investments, infrastructure (energy, transportation, water, etc.), telecommunications, and finance. The company roots trace back to 1829 as a small dispensary, offering free medicine to poor Chinese in the province of Guangdong (Canton). A.S. Watson, now contributes 36.8% of total parent company revenues, through its operation of 10,865 retail outlets under some 20 banners located in 33 markets, specifically in 22 European countries and 20 countries in Asia. This business encompasses a diverse portfolio: health and beauty stores, luxury perfumeries and cosmetic outlets, supermarkets, consumer electronics and electrical appliances stores, and airport duty free shops. Divided into five sub-divisions, the company operates Health and Beauty China (HK$ 15.4 billion +17%) with 1,438 stores; Health and Beauty Asia (excluding mainland China) (HK$ 18.1 billion +7%) with 1,684 stores; Health and Beauty Europe (HK$ 61.6 billion +1%) with 5,599 stores; Luxury Europe (HK$ 16.6 billion -7%) with 1,656 stores; and Other Retail & Manufacturing (HK$ 36.9 billion +6%) with 488 stores and production of water and juices.
    [Show full text]
  • The Govan Store Was Instrumental in Introducing Beef Olives That Are Now
    The Govan store was instrumental in introducing beef olives that are now made with four different fillings – traditional sausagemeat, black pudding, haggis and an oatmeal filling for the Aberdeenshire consumers. It was ASDA Kirkcaldy that first asked for steak pies and it wasn’t long before Malcolm Allan’s pie was making an impact in the streets of Raith. Gordon claims that the success of his product is due to replicating how any butcher would make the products in his own shop. They still make sausage batches at a maximum size of 100lb., all the beef for the beef olives is sliced on two hand powered slicers and every steak pie is weighed, filled and lidded individually. “We set up a 700g steak pie but with the best will in the world that wouldn’t serve four. You couldn’t buy that in a supermarket in Scotland. Then they wanted Scotch Beef in it and they wanted puff pastry on it. ASDA were concerned that they couldn’t get the price I needed for a kilo pie but I said ‘lets find out’. But we then had the only pie that could sell at a premium price.” When pushed to drop his price and make a Steak and Sausage pie, Gordon introduced the Sausage Pie maintaining that the product has got to be good and quality maintained. “You are better walking away and to stop making it when it is still a good product because somebody else will buy it. It is my Dad’s name that is on it so you have got to make a good product.” There were plenty more wanting the Malcolm Allan products on their shelves.
    [Show full text]
  • The Co-Operative Group Annual Review 2012 the Co-Operative Group Annual Review 2012
    The Co-operative Group Annual Review 2012 The Co-operative Group Annual Review 2012 Our 2012 Headlines Group financial performance Gross sales: Underlying operating profit: Over £100m paid out to and on behalf of members £13.5bn £54m £528m capital investment Food Underlying operating profit: New food stores: £22m £288m 83 invested in Avonmouth (down £30m) distribution centre Banking Group Underlying operating profit/loss: Agreed Heads of Terms Core business: with Lloyds Banking 8.2% £120m profit (down £53m) Group for purchase of increase in primary Non-core business: Verde business, including account openings £377m loss (down £380m) 632 branches Specialist Businesses Underlying operating profit: UK’s first major consumer brand to be 5 £107m awarded an ABS licence hospital outpatient (up £8m) dispensaries opened The Co-operative Group Annual Review 2012 1 Here for you for life A co-operative is an autonomous association of persons united voluntarily to meet their common economic, social, and cultural needs and aspirations through a jointly-owned and democratically-controlled enterprise. They are based on the values of self-help, self-responsibility, democracy, equality, equity and solidarity. In the tradition of their founders, co-operative members believe in the ethical values of honesty, openness, social responsibility and caring for others. – International Co-operative Alliance Inside this year’s review: Overview Performance Governance and Financials 2 About the Co-operative Group 12 Food 22 Financial statistics 4 Range of interests 14 Banking Group 24 Board of Directors 6 Chair’s overview 16 Specialist Businesses 26 Management Executive 8 Chief Executive’s overview 18 Estates 27 Payments to and on behalf 10 Group vision and performance 19 Our people of members 20 Social goals 28 Independent auditor’s report The Co-operative Group 2 Annual Review 2012 About the Co-operative Group Member owned model Membership lies at the heart of our business.
    [Show full text]