Morrison says Safeway sales still sinking
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William Morrison Supermarkets says sales have continued to decline at its newly-acquired Safeway stores which have not yet been converted to the Morrisons brand, but sales at converted stores are up.
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Safeway's taking its organics line further.
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WM Morrison shares jumped sharply yesterday after it reported strong sales at Safeway stores converted to the Morrisons name and said it would speed
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Safeway Inc. , the No. 3 U.S. grocer, posted a 77 percent rise in quarterly profit on Thursday, helped by a tax benefit in the latest quarter and year-ago results that were hurt by store closures and employee buyouts.
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Retail sales fell 0.4% in July - the first monthly decline in over a year - but the underlying trend remains strong, official figures showed today.
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Safeway Inc. , the No. 3 U.S. grocer, posted a 77 percent rise in quarterly profit on Thursday as remodeled stores, fresh produce and prepared meals helped lure shoppers.
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The struggling home furnishings retailer posts a 37% drop in Q3 earnings and cuts guidance.
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May Department Stores Co.'s fourth-quarter earnings slid on weaker sales at stores open at least a year, the retailer said Thursday as it continues searching for a new chief amid lingering reports it may be bought out by a rival.
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Business & money: Stores group piles on gloom in retail sector with first fall in sales in more than two years
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Supermarket group Morrisons announces a fall in half-year profits, dragged down by losses across its recently acquired Safeway stores.
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Somerfield is embarking on a rapid expansion by buying small Safeway stores that are no longer wanted by WM Morrison. Having fended off an unwanted takeover bid last year, Somerfield raised Â£51m through a
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Safeway Inc. , the No. 3 U.S.  grocer, posted a higher quarterly profit on Thursday, as  remodeled stores, fresh produce and prepared meals helped it to  lure shoppers.
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Lately, the company's retail operation has been lagging behind sales of its locations.
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U.S. chain store retail sales fell for  the second week in a row, with customers mostly just window  shopping, a report said on Tuesday.
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Shares in Burberry sink 11% after it says retail sales were lower than hoped in the last three months of 2007.
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Chain store retail sales continue to fall during the week following the Thanksgiving holiday, a retail report said on Tuesday.
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Gap Inc. GPS.N said on Thursday its   sales at stores open at least a year fell 7 percent, below   analyst forecasts, in August as results at its Gap and Old Navy   clothing chains continued to suffer.