Supermarkets
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Nov- 2020 -13 November
New Asda owners sell stake in EG holding company
The Issa brothers, the new billionaire owners of supermarket giant Asda, have reportedly generated hundreds of millions of pounds by offloading a stake in its holding company to a number of global investors. According to Sky News, an Abu Dhabi sovereign fund and two Canadian pension funds have acquired a…
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13 November
Tesco sets plans to reach net zero emissions by 2035
Tesco has announced its partnership with Low Carbon to create three new solar farms in a new effort to reach net zero emissions by 2035. The new solar farms are situated in Essex, Anglesey and Oxfordshire and will aim to generate up to 130 giga-watt hours of energy per year,…
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11 November
Supermarkets launch drive to extend Sunday trading hours
Leaders of the UK’s biggest supermarkets have come together in a fresh drive to extend Sunday trading hours in the lead up to Christmas, according to Sky News. It comes as executives from major grocers, including J Sainsbury and Wm Morrison, are warning ministers that a pre-Christmas shopping rush could…
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5 November
M&S confirms it will stay open during lockdown
Marks and Spencer has confirmed that its clothing and home division will remain open despite the lockdown restrictions. According to Drapers, M&S CEO Steve Rowe said that he wanted to make it “very clear” that it would follow the government guidelines but its stores would “remain open”. He said: “We’re…
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5 November
Sainsbury’s to axe 3,500 jobs
Sainsbury’s has warned that 3,500 of its staff could be made redundant across its supermarket counters and Argos stores, in what is a major restructuring of the business. The supermarket said it has now closed all of its meat, fish and deli counters due to “reduced customer demand”, adding that…
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4 November
M&S swings to first loss in 94 years
Marks and Spencer has swung to a pre-tax loss of £87.6m in the half-year ended 26 September, down from the £158.8m profit reported the year before, marking its first ever loss in 94 years of trading as a public company. The group saw its profit plummet by 77% to £61.8m,…
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2 November
John Lewis Partnership launches charity Christmas campaign
John Lewis and Waitrose have announced the launch of a “major campaign” next month which will provide a “lifeline” for at least 100,000 families. The initiative will support the charities Fare Share, which helps those facing food poverty and Home-Start which works with parents who need support. The campaign will…
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Oct- 2020 -30 October
Waitrose to hire 1,850 extra Christmas staff
Waitrose has announced it will be recruiting nearly 1,850 additional drivers and pickers for its online delivery service during the busy Christmas season. The combination of both temporary and permanent roles will reportedly help meet the expected “surge” in customer demand for the Waitrose.com service. The positions will cover both…
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23 October
Waitrose cuts prices across own-label products
Waitrose has announced it is lowering the prices of over 200 of its most popular own-label products by an average of more than 15%. The cuts follow the John Lewis Partnership’s plan that was announced last week, emphasising to customers its value for money, whilst ensuring that customers felt recognised…
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20 October
Asda opens new sustainability store
Asda has opened a new sustainability trial store and unveiled a new plastics reduction strategy that pledges that customers will not have to pay more for greener options. The supermarket has partnered with some of the UK’s most popular household brands including PG Tips, Vimto, Kellogg’s, Radox and Persil to…
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