Supermarkets
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May- 2019 -17 May
Asda experiences sales dip after failed merger
Asda has seen its sales drop amid an “incredibly challenging backdrop” during which it also saw its Sainsbury’s merger plans with rival Sainsbury’s scuppered by the CMA. Asda said the decline, which ends its record of seven consecutive quarters of growth, arose due to the later timing of the busy…
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17 May
Waitrose & Partners plans to ‘treble’ size of online operations
Waitrose and Partners has announced plans to treble the size of its online grocery operation to a £1bn business over the next three years, working in partnership with Today Development Partners (TDP) . According to the grocer, the move with TDP, which is headed by Jonathan Faiman and Mo Gawdat,…
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16 May
Morrisons boss hands back £600,000 in bonuses
The chief executive of Morrisons has waived over a third of his bonus despite the ‘Big Four’ Grocer reporting its third consecutive year of growth in both sales and profits. David Potts has given up £598,000 in bonuses of a potential maximum of £1.7m. The company’s annual report reveals that…
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15 May
Walmart considering Asda IPO
‘Big Four’ grocer Asda could be listed on the stock market as its parent company Walmart mulls over its future after the CMA blocked the proposed merger with rival Sainsbury’s. According to the BBC Walmart chief executive Judith McKenna told staff at an event in Leeds yesterday that a public…
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9 May
Morrisons sales fall short of expectations in Q1
‘Big Four’ grocer Morrisons has seen a slowdown in sales growth for the 13 weeks to 5 May, with retail sales contributing only 0.2% to the total increase in group like-for-like (LFL) sales of 2.3%. The figure is lower than the 3.6% increase seen during the same quarter last year,…
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8 May
Lidl scolded by ASA after Morrisons complains
Lidl has been scolded by the ASA after Morrisons complained about a price comparison advert which it claimed was not based on the prices available when the ad appeared, leading Morrisons to ask whether the advert was “misleading”. Text in the advert itself stated “£11.50 at Morrisons” and “£9.77 (total)…
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7 May
Walmart mulls Asda sale following failed merger
Asda’s parent company Walmart is considering selling the ‘Big Four’ Grocer after its failed merger with Sainsbury’s was announced last month. According to the Daily Mail, the US giant is mulling a potential float or sale of the company after reported interest from bidders including some private equity firms. It…
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1 May
Failed Asda merger costs Sainsbury’s £46m
Sainsbury’s has incurred costs of £46m over its failed merger with Asda, after the CMA blocked the deal over concerns that it would lead to “increased prices in stores, online and at many petrol stations across the UK”. According to the ‘Big Four’ grocer, the figure is principally comprised of…
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Apr- 2019 -30 April
Sainsbury’s launches UK’s first till-free grocery store
Sainsbury’s has launched the UK’s first till-free grocery store at Holborn Circus. The store has been refurbished to remove the checkout area and tills with customer feedback from the experiment helping Sainsbury’s further develop its SmartShop Scan, Pay and Go app before being rolled out more widely. All customers will…
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30 April
Clubcard holders to get 50% discount for Tesco’s 100th birthday
Tesco Clubcard holders are set to get a 50% discount on their shopping as part of the supermarket’s 100th birthday. According to reports by Money Saving Expert (MSE) shoppers will be able to use their discount online and in-store, on items such as “coffee to cat food, as well as…
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