Sainsbury's boost over Christmas

As recession is looming nearer. Sainsbury's has had a good Christmas and is creating 5,00 near jobs this year.

Sainsbury's served a recorded 22.5 million customers

"Supermarket to employ 5,000 extra staff"

A record-breaking Christmas is helping Sainsbury's to create 5,000 jobs this year.

The supermarket - which already employs 150,000 - had its best ever festive season with sales for the last three months of the year up 4.5 per cent on the same period in 2007.

The group hired 20,000 temps to help cope with the surge in trade - 8,000 more than originally planned."

Read full article The Daily Mirror

Iceland buys 51 Woolworth stores

Frozen food retailer Iceland has bought 51 former Woolworths stores, and said it plans to create 2,500 new jobs.

The announcement comes just three days after the final 200 Woolworths stores closed their doors for the last time. read more scourced from The BBC

McDonalds to open 1,000 stores this year

[polldaddy poll="1314875"]

McDonald's to open 1,000 stores

McDonald's US sales were up 5% on the year before US fast-food chain McDonald's says it plans to open 1,000 new restaurants this year. The world's largest hamburger chain also said fourth-quarter net income fell 23% to $985.3m (£710m), from $1.27bn a year before. Revenue fell to $5.57bn from $5.75bn, even though global same-store sales rose 7.2%, as the firm was hit by the strong dollar. In the US, the firm raised the price of its Double Cheeseburger in November. Announcing the results, chief executive Jim Skinner said: "For 2009 we plan to invest $2.1bn in capital to open about 1,000 new restaurants and reinvest in our existing locations." Despite beef, cheese, and other ingredients rising in price, the company reported an 8% fall in total operating costs and expenses. McDonald's has seen sales rise in the economic downturn, helped by its low prices and ubiquity of its outlets. In the quarter, its same-store sales in the US rose 5% on the year before. International same-store sales were also ahead, rising 7.6% in Europe and 10% in the Asia-Pacific, Middle East and Africa division. sourced from The BBC

McDonald's to open 1,000 new stores

Despite falling short of Wall Street expectations, the burger chain experiences better-than-expected profit and will open 1,000 new restaurants.

NEW YORK (Reuters) -- McDonald's Corp. reported a better-than-expected quarterly profit on Monday though revenue fell short of Wall Street expectations due to a stronger U.S. dollar, and its shares fell more than 2%.

The world's largest hamburger chain also said it would open 1,000 restaurants this year.

Fourth-quarter net income fell about 23% to $985.3 million, or 87 cents per share, from $1.27 billion, or $1.06 per share, a year earlier, when results included a large tax-related benefit.

Analysts on average were expecting earnings of 83 cents per share, according to Reuters Estimates.

sourced from CCN Money read full article

McDonalds to open 1,000 stores this year

[polldaddy poll="1314875"]

McDonald's to open 1,000 stores

McDonald's US sales were up 5% on the year before US fast-food chain McDonald's says it plans to open 1,000 new restaurants this year. The world's largest hamburger chain also said fourth-quarter net income fell 23% to $985.3m (£710m), from $1.27bn a year before. Revenue fell to $5.57bn from $5.75bn, even though global same-store sales rose 7.2%, as the firm was hit by the strong dollar. In the US, the firm raised the price of its Double Cheeseburger in November. Announcing the results, chief executive Jim Skinner said: "For 2009 we plan to invest $2.1bn in capital to open about 1,000 new restaurants and reinvest in our existing locations." Despite beef, cheese, and other ingredients rising in price, the company reported an 8% fall in total operating costs and expenses. McDonald's has seen sales rise in the economic downturn, helped by its low prices and ubiquity of its outlets. In the quarter, its same-store sales in the US rose 5% on the year before. International same-store sales were also ahead, rising 7.6% in Europe and 10% in the Asia-Pacific, Middle East and Africa division. sourced from The BBC

McDonald's to open 1,000 new stores

Despite falling short of Wall Street expectations, the burger chain experiences better-than-expected profit and will open 1,000 new restaurants.

NEW YORK (Reuters) -- McDonald's Corp. reported a better-than-expected quarterly profit on Monday though revenue fell short of Wall Street expectations due to a stronger U.S. dollar, and its shares fell more than 2%.

The world's largest hamburger chain also said it would open 1,000 restaurants this year.

Fourth-quarter net income fell about 23% to $985.3 million, or 87 cents per share, from $1.27 billion, or $1.06 per share, a year earlier, when results included a large tax-related benefit.

Analysts on average were expecting earnings of 83 cents per share, according to Reuters Estimates.

sourced from CCN Money read full article