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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May- 2018 -9 May
Sainsbury’s singing CEO takes £1.8m from share awards
Sainsbury’s CEO Mike Coupe has snapped up £1.8m in share awards following the company’s merger with Asda. Coupe also sold 286,663 shares worth £845,655, in order to pay tax on his share plan. The supermarket boss received the shares in two tranches of 329,676 and 279,024, a total of 608,700…
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8 May
Retail M&A grows by 15%
A study by law firm RPC shows retail mergers and acquisitions have grown by 15% over the past year. While the number of deals has risen, the value of those deals has dropped by 16% from the previous year’s total of £4.3bn, to £3.7bn. The value of those deals does…
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3 May
Nisa members attempt to stop Co-op takeover
A group of 30 members of Nisa have hired a lawyer to help them try to halt the takeover by Co-op. The takeover is expected to go through following the court sanction after the Competition and Markets Authority (CMA) cleared the deal last week. The takeover was approved on the…
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3 May
Asda-Sainsbury’s merger: Committees pen letter fearing ‘dominance’
The Environment, Food and Rural Affairs (EFRA) and Department for Business, Energy and Industrial Strategy (BEIS) Committees have written a joint letter to the Competition and Markets Authority (CMA) regarding the proposed Asda and Sainsbury’s merger. The letter from Rachel Reeves, chair of the BEIS committee and Neil Parish, chair…
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3 May
Tesco distribution workers to strike over Pay Review
Workers at Tesco’s Dagenham distribution centre are striking for 24 hours due to a dispute over the 2017 Pay Review. In a statement Tesco workers union Usdaw said it “hopes that the company will now bring forward a suitable offer so that industrial action can be averted to avoid disruption”.…
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2 May
Ocado announces partnership with Swedish retailer ICA
Online supermarket Ocado has announced a partnership with Swedish grocery retailer ICA to allow use of Ocado’s smart platform services. The announcement saw shares in the online supermarket raise by 5%, and will see Ocado provide solutions for ICA’s online grocery service, including a new website supported by Ocado’s online…
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2 May
Sainsbury’s group sales up 9% but statutory profit plummets
Sainsbury’s has posted its preliminary results for the 52 weeks to 10 March in which its group like-for-like sales increased by 9% to £31.7bn, yet its statutory profit plummeted by almost £100m. Statutory profit for the ‘Big Four’ grocer was £409m a significant decrease from the £503m the previous year.…
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1 May
Sainsbury’s boss sings ‘We’re in the Money’ before TV interview
The CEO of Sainsbury’s and one of it’s largest shareholders, Mike Coupe, was recorded singing ‘We’re in the Money’ while waiting for an interview on ITV about his firm’s merger with Asda. This came just hours after he refused to give reassurance that jobs were not under threat during a…
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Apr- 2018 -30 April
Sainsbury’s and Asda £13bn merger to leapfrog Tesco
Supermarket giant Asda has agreed to a proposed merger with Sainsbury’s, worth £13bn. Sainsbury’s CEO Mike Coupe said no stores will be closed and no shop floor jobs will be lost as a result of the merger. He added: “It will enable us to bring prices down, to improve quality,…
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27 April
Hearty Food Company products recalled by Tesco
Tesco has recalled the Hearty Food Company Sausage and Mash and Cottage Pie, as they contain milk not mentioned on the packaging. A ruling by the Food Standards Agency (FSA) said that the products represented a health risk to anyone with milk allergies and intolerances. Milk intolerance can cause problems…
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