Supermarkets

Tesco CFO Alan Stewart announces plans to step down

Tesco has announced that CFO Alan Stewart has decided to retire from the position and leave the company on 30 April 2021. The company board is now conducting both an internal and external search to identify a successor. Stewart joined the grocer in 2014, as a member of the board…

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Asda sees Q1 sales rise 3.5%

Big four grocer Asda has reported a 3.5% like-for-like sales rise during the first quarter of the year following a “surge” in online sales during the coronavirus lockdown. In an update for the three month period ending 31 March 2020, the supermarket said it experienced a surge in demand for…

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Marks and Spencer profits tumble in full-year results

Marks and Spencer has announced that profit before tax tumbled 20.2% to £67.2m in the full-year ended 28 March 2020.  It comes as an uplift in food sales failed to offset poor sales in its clothing division. The retailer’s full-year grocery sales improved 1.9%, with an estimated 0.3% lift attributable…

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Deliveroo expands partnership with Majestic Wines to 80 locations

Deliveroo and Majestic Wines has announced the expansion of its delivery partnership to cover 80 UK sites across the UK, alongside an expanded range on offer. Majestic Wines has unveiled a specially curated range of more than 50 wines, champagnes and spirits, available to order on the Deliveroo app. The…

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Aldi trials grocery home delivery with Deliveroo

Aldi has announced it has teamed up with Deliveroo on trailing an on-demand grocery home delivery service in the UK. Aldi has started to offer a “rapid delivery” from its Daleside Road store in Nottingham, before extending the trial to a further seven stores across the East Midlands in June.…

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Tesco Boss Dave Lewis handed £6.42m pay package

Tesco chief executive Dave Lewis has been given a £6.42m pay package, including £4.8m in bonuses.  Lewis, who is set to leave the big four grocer in September, has seen his pay increase by more than a third due to an increase in both annual and share price bonuses to…

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Waitrose to open new distribution centre to double deliveries in London

Waitrose this week will open a new six-acre Customer Fulfilment Centre in Enfield, North London, to double its online grocery orders in the capital by September. The upmarket grocer said the site will create 370 new jobs, building to 850 when at full capacity, by which time it will be…

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Former Sainsbury’s exec set to head Waitrose 

The John Lewis Partnership is poised to appoint a former Sainsbury’s executive to head up its food operations at Waitrose in an effort to navigate the ongoing pandemic. According to Sky News, the group’s new chair, Dame Sharon White, has approved the appointment of Sainsbury’s veteran James Bailey for the…

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Waitrose launches initiatives to support ‘most vulnerable’ suppliers

Waitrose has revealed a number of initiatives it has launched to support its most vulnerable suppliers during the Covid-19 pandemic. As well as supporting British producers and farmers, the supermarket said it is helping the “most vulnerable” communities in developing countries that supply food and other products through the Waitrose…

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Morrisons offers NHS staff 10% discount for 12 weeks amid Covid-19 crisis

‘Big 4’ grocer Morrisons has announced a 10% discount on shopping for all NHS staff for 12 weeks to support them through the coronavirus pandemic. The discount comes into effect from Thursday this week (16 April) and will last until 12 June, when it will be reviewed. The supermarket said…

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