Supermarkets
Supermarkets examines the strategies, performance, and operational challenges facing the UK grocery retail sector. This section reports on trading results, pricing strategy, supply chain management, sustainability initiatives, and consumer trends influencing supermarket performance. Retail Sector’s Supermarkets coverage provides analysis and insight for retail leaders, buyers, and suppliers, exploring how competition, regulation, and innovation are shaping profitability and long-term growth across the grocery landscape.
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Oct- 2021 -18 October
Tesco commences £500m share buyback
Tesco has announced that it has entered into an arrangement with Citigroup Global Markets Limited to repurchase a total of £500m shares on behalf of the company. The supermarket chain claimed that the shares will be bought back in its entirety no later than October 2022. The grocer had previously…
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14 October
Aldi to open 100 new stores over two years
Aldi has announced that it plans to open 100 new stores across the UK over the next two years. The group has now pledged to invest £1.3bn by 2023 in a bid to further grow its retail estate, as it continues to push ahead with plans to open an average…
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12 October
Aldi to tackle food waste through price cuts
Aldi has announced it is introducing new price cuts on select products in a bid to reduce food waste across the business. The group confirmed that all of its 920-wide estate is marking down goods, including rice, pasta, cereal and tinned food, by 30% if the packaging for these products…
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12 October
Grocery sales dip 1.2% as fuel shortage limits visits
Take-home grocery sales fell by 1.2% over the 12 weeks to 3 October 2021, as the reduced availability of petrol saw shoppers limit the number of trips to supermarkets, according to the latest figures from Kantar. Despite this dip, sales remain 8.1% higher than they were before Covid-19 and every…
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12 October
Tesco to appoint 30,000 Christmas workers
Tesco has announced it will recruit 30,000 temporary workers during the festive period. The grocer said half of those roles have been filled by temporary colleagues who joined Tesco during the pandemic and have had their contracts extended to cover Christmas. The UK-wide roles, in Tesco’s Superstores and Extra stores,…
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8 October
Asda launches incubator programme for new brands
Asda has announced it will launch an incubator programme to “support emerging and entrepreneurial brands in bringing products into its stores”. The ‘Nurture’ programme will give suppliers easier access to shelf space, and the opportunity for Asda to sell new products. Suppliers selected to join the programme will also have…
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6 October
Tesco profits double in H1 amid ‘resilient’ performance
Tesco has revealed that pre-tax profits rocketed 107% to £1.14bn for the six-months ending 28 August 2021, despite supply chain issues affecting much of the grocery sector. Revenue also grew by 5.9% to £30.4bn, largely boosted by a “significant” recovery in travel driven by the easing of government restrictions earlier…
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6 October
Morrisons launches reusable halloween range
Morrisons has announced the launch of its reusable halloween costume range for children, with costumes that are made from 100% “responsibly sourced materials”. According to the retailer, most halloween costumes are bought once and then thrown away, with the majority made from plastic-based materials including polyester. Morrisons has said the…
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4 October
Aldi to hire 1,500 seasonal workers
Aldi has revealed that it will be hiring more than 1,500 people to work in its UK stores on a temporary basis over the Christmas period. The supermarket said it is looking for people to support its permanent colleagues by working on the checkouts, replenishing stock, as well as picking…
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4 October
Morrisons acquired by CD&R in £7bn auction
Morrisons has announced that it has been acquired by US firm Clayton, Dubilier and Rice (CD&R) for a total of £7bn. The firm won the supermarket chain at auction on Saturday (2 October 2021), where it bid 287p per Morrisons ordinary share, against a rival offer from Fortress, for 286p…
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