Supermarkets
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Jun- 2019 -19 June
Tesco mulls premium stores
Supermarket chain Tesco is reportedly considering the launch of premium, upmarket ‘Finest’ stores to compete with the likes of M&S Simply Food. According to the Financial Times, the supermarket revealed its plans to investors at a capital markets day in Welwyn Garden City, Hertfordshire, where its headquarters are based. This…
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14 June
Iceland earnings down 8.7% following ‘disappointing’ first half
Frozen food supermarket Iceland has reported an 8.7% drop in adjusted EBITDA to £140.1m, down £13.4m, for the year ending 29 March 2019. The group said the reduction occurred entirely in the first half of the year and reflected sales performance, increased staffing costs as a result of the rise…
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14 June
Amazon and Morrisons expand Prime partnership
Online retailer Amazon, has expanded its Prime partnership with supermarket chain Morrisons, moving into five cities later this year. Morrisons at Amazon, is a same day, online home delivery service, currently available to Amazon Prime Now customers in Leeds, Manchester, Birmingham, and parts of London and the home counties. Customers…
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13 June
Lidl to open first central London store amid £500m expansion
Lidl has announced a £500m expansion plan for London, which will see the grocer open its first store in the West End. The investment is planned for the next five years, and will enable Lidl to open over 40 new outlets in London, including in Alperton, East Acton, Hackbridge and…
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13 June
Tesco Q1 sales slow amid ‘subdued’ UK market
Tesco has reported Q1 like-for-like sales growth of 0.2% attributed to what it calls a “subdued” UK market. For the 13 week period ending 25 May 2019, group sales reached £13.9bn. In the UK the Big Four grocer saw like-for-like sales increase by 0.2% to £9.1bn. Despite the slowdown Tesco…
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11 June
Sainsbury’s fails to get Equal Pay claims struck out
An employment tribunal has rejected Sainsbury’s argument that equal pay claims for store staff should be struck out. Following the judgment of the Birmingham Employment Tribunal, the claims worth thousands of pounds for each client, and millions in total, will continue to a hearing. Law firm Leigh Day is representing…
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7 June
Lidl partners with charity-toy vending company
CharityPodz, the company behind the UK’s first charity-toy vending machines, has announced a new partnership with supermarket Lidl after raising over £400,000 for UK charities. The machines have been rolled out in over 500 Lidl stores, with donations going directly to the NSPCC. The vending machines are located in major…
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4 June
Waitrose trials packaging-free initiative
Supermarket chain Waitrose has announced plans to help to reduce the usage of plastic in its store, by trialling a packaging-free initiative at its Botley Road store in Oxford. The trial is designed to see how customers shopping trends may change in the future and will run for a period…
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May- 2019 -28 May
Co-op launches £300m sustainability bond for Fairtrade commitments
Co-op has announced it has launched a new £300m sustainability bond in order to keep up with its Fairtrade commitments. According to Co-op the sustainability bond will be the first ever for a retailer, and will aim to give farmers a better deal for produce along with adding more Fairtrade…
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23 May
B&M plans 50 more stores amid profits and sales boost
Discount goods retailer B&M has revealed it is planning on opening another 50 stores this year amid posting an uptick in both sales and profits. For the full-year period ending 30 March B&m said profit before tax increased by 9% to £249.9m and revenues surged 17% to £3.5bn.B&M’s UK stores…
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