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- 2020 -11 October
New Asda owners considering £3bn George sale
The Issa brothers, the new owners of ‘Big Four’ grocer Asda, are reportedly considering a £3bn sale of its clothing arm George. According to the Mail on Sunday, industry sources have told the paper that the sale of George is one of several strategies being considered by the new owners…
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7 October
Tesco profits soar despite coronavirus hit
Tesco has welcomed a surge in profits, with pre-tax profit soaring by 28.7% to £551m in the first-half of its financial year. In the same period, group sales rose by 6.6% to £26.7bn, up from £25bn reported the year before. While clothing sales were down by 17.2%, food sales were…
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5 October
Waitrose eats into Ocado’s market share despite M&S deal
Waitrose has reportedly stolen some online market share from its former partner Ocado in the first few weeks of Ocado’s new joint venture with Marks and Spencer. According to The Sunday Times, in the first two weeks after the launch of Ocado’s new partnership, its weekly online orders dropped from…
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2 October
Asda sold at £6.8bn to billionaire Issa brothers
Walmart has confirmed the Issa brothers and TDR Capital have taken equal shareholdings in an acquisition of Asda which values the supermarket at £6.8bn. The two groups have now acquired a majority stake in Walmart’s wholly-owned UK business on a debt-free and cash-free basis, and the transaction is expected to…
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Sep- 2020 -28 September
£3bn tariff ahead for UK retailers and consumers, warns BRC
Supermarkets and their customers could face £3bn a year of tariffs on food and drink if a free trade deal is not agreed between the UK and the EU before 1st January 2020, The BRC has warned In its report the association said an average increase in tariffs of 20%…
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28 September
Aldi to create 4,000 jobs as sales surge
Aldi has pledged to invest £1.3bn over the next two year with new stores, distribution centres and further business innovations, which is set to create 4,000 new jobs. It comes as Aldi announced that sales increased by 8.3% to £12.3bn for the year, with its annual trading showing sales continuing…
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25 September
Morrisons reveals new delivery measures as restrictions return
Morrisons has revealed a set of new home delivery measures as lockdown restrictions return following the government’s announcement earlier this week. As of today (25 September), customers can sign up for weekly, fortnightly or monthly food boxes, without needing a delivery slot. Those who opt for the supermarkets’ “subscription service”…
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23 September
Waitrose to remove shrinkwrap plastic from all tinned goods
Waitrose has begun the total removal of shrinkwrap plastic from its own-label tinned grocery products in a bid to axe single-use plastic in its stores. The supermarket trialled the removal of shrinkwrap plastic, used to attach tinned multibuys, last year. Waitrose said that removing this non-recyclable plastic from some of…
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23 September
Lone Star drops out of Asda race
US private equity firm Lone Star has reportedly dropped out of the £6.5bn race to acquire Asda from Walmart. According to the Telegraph, Lone Star was unable to meet the asking price asked by Walmart, leaving its rival Apollo in pole position for the grocer. However, reports also suggest that…
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17 September
Co-op H1 sales surge 8.8% but profits dented by Covid costs
Grocery chain Co-op saw has revealed that like-for-like sales for the six months of the year increased by 8.8% as the coronavirus pandemic increased demand for consumers shopping closer to home. For the first half of the year ending 24 July, revenues at the retailer also increased by 7.6% to…
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