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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Mar- 2021 -17 March
Jiffy secures £2.6m funding to aid UK launch
Jiffy, a new online supermarket, has raised £2.6m in an initial seed-funding round to support its UK launch. The investment round was led by venture capital fund LVL1 Group, and joined by AddVenture, TA Ventures, Vladimir Kholiaznikov, as well as a number of angel investors. With a leadership team comprising…
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17 March
Ocado unveils own label rebrand
Ocado has undertaken a rebranding strategy that includes 100 new products and less packaging, as well as a switch from green to purple. The food retailer said that 530 items in the group’s own label range are set to be changed in time for today’s (17 March) launch. Moreover, the…
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12 March
Sainsbury’s announces director appointment
J Sainsbury plc has announced the appointment of Adrian Hennah to its board as a non-executive director. Hennah is set to join the group’s audit committee and nomination committee on 1 April 2021, and will then act as chair of the audit committee following an AGM. David Keens, the current…
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11 March
Morrisons remains ‘confident’ despite 62% fall in profits
Morrisons has said it expects to see profits recover this financial year, after it experienced a 62% decrease in pre-tax profits during 2020 due to costs brought on by the pandemic. Last year, the ‘Big-Four’ grocer saw like-for-like sales grow by 8.6%, as consumers flocked to supermarkets throughout the pandemic. …
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11 March
Aldi set to fund 60 produce industry apprenticeships
Aldi has announced its plans to fund 60 produce industry apprenticeships over the next two years, in partnership with Management Development Services Ltd (MDS). The supermarket chain has worked with MDS, which provides industry training and apprenticeship schemes, since 2016. As part of its Apprenticeship Levy, Aldi will be funding…
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8 March
Issa Bros considering adding nail bars and salons to Asda offering
Mohsin and Zuber, the new owners of Asda, are reportedly considering adding nail bars, salons and cafes to the supermarkets offering while reducing grocery floor space. According to The Sunday Times, the Issa Brothers are considering reducing the grocery floor space in stores by up to a quarter in order…
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8 March
Morrisons pledges to have first net zero UK farms by 2030
Morrisons has announced its pledge to become the first UK supermarket to be solely supplied by net zero farms by 2030. Currently, agriculture in Britain represents 10% of all greenhouse gas emissions in the country and the grocery retailer’s commitment would be five years ahead of the market. The supermarket…
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5 March
Morrisons could drop out of FTSE 100, say analysts
Morrisons is reportedly set to fall out of the FTSE 100 for the first time in half a decade, according to The Guardian. Retail analysts predict that the public’s overspending on groceries, resulting from consumer shifts during the pandemic, will begin to wane in the coming months. With the quarterly…
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5 March
Amazon launches UK grocery store
Amazon has opened its first physical store outside of the US, with an Amazon Fresh grocery shop in Ealing, London. Selling prepared meals, groceries, and Amazon devices, the store will also include a counter for collecting and returning online orders. The smart shop will rely on technology to guide the…
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5 March
Co-op to hold ‘crunch talks’ over relief repayment
The Co-operative Group will reportedly hold a “crunch” board meeting next week to discuss whether it will repay £80m in government support funding, according to Sky News. According to Sky, Co-op directors, alongside chairman Allan Leighton, will now meet next Tuesday to discuss whether the group will repay the funding…
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