Supermarkets

Around 92% supermarket loyalty schemes offer ‘genuine’ savings, CMA finds

The Competition and Markets Authority (CMA) has found that people who are members of a loyalty scheme can almost always make a genuine saving on the usual price by buying loyalty priced products. Having analysed around 50,000 grocery products on a loyalty price promotion, the CMA found very little evidence…

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Asda turnaround could take 3-5 years, says incoming chair 

Former Asda CEO Allan Leighton has said that a turnaround of the business could be a three to five year process, as he is set to help lead turnaround efforts in his new role as chair of the group. Speaking to The Guardian shortly following his appointment, Leighton said that his…

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Asda appoints ex-CEO as new chair

Asda has announced the appointment of former CEO Allan Leighton as new executive chair, succeeding Stuart Rose who has served as chair since 2021.   Leighton has led a number of UK and international consumer businesses, including serving as a chief executive of Asda from 1996 to 2001, president of Loblaw…

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Morrisons set to close Rathbones bakery, 400 jobs at risk

Morrisons is preparing to close down its Rathbones bakery in a move that could put almost 400 jobs at risk, according to the BBC. The supermarket initially acquired the bakery in 2005 but said it has struggled to make it profitable “for a number of years”. Morrisons has now reportedly…

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Lidl to invest £21bn in British food industry

Lidl GB is on track to invest a total of £21bn in the British food industry by the end of FY24, exceeding its original five-year commitment of £15bn by 40%.  This equates to an additional £6bn and underscores the retailer’s ongoing support for British agriculture and food production.   In the…

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Morrisons slashes debt by £2.4bn following restructuring

Morrisons has announced a substantial reduction in its debt following a major restructuring process, lowering debt by £2.4bn.  In an official announcement, the supermarket chain has confirmed that since the beginning of 2023 its debt fell from a peak of £6.2bn to £3.8bn. This includes a further repayment of an…

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Aldi launches donation drive ahead of Christmas

Aldi has launched a donation drive ahead of the Christmas period and revealed a list of the most in-demand items at foodbanks to help guide shoppers. The items have been selected by foodbanks, charities and community groups across the UK and include store cupboard essentials, festive treats, toiletries and pet…

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Asda sales lag behind other major supermarkets, new data finds

Asda was found to trail behind all other major UK supermarkets with a 3.5% decline in sales and a 1% fall in market share over the year, new data from NIQ has revealed. It comes as supermarket sales have slowed in the four weeks to 2 November to 4% year-on-year,…

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M&S overtakes Waitrose in Middle England ahead of Christmas

Marks and Spencer has overtaken Waitrose for the first time in Middle England ahead of the Christmas season, according to the Telegraph.  Unpublished market data seen by the Telegraph revealed that M&S surpassed Waitrose and every other supermarket in sales growth over the last month.  According to the recent Kantar…

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Morrisons to invest £7m in Channel Island convenience stores

Morrisons has revealed its acquisition of 36 convenience stores in Jersey, Guernsey and Alderney from SandpiperCI has now been completed and also unveiled plans to invest over £7m into the estate. There are currently 19 Morrisons Daily stores and the remainder operate under the Iceland, Chequers Express and Le Cocq…

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