Supermarkets

Supermarket sales hit 2024 high as shoppers ready for Christmas

Take-home sales at the grocers increased by 2.0% over the four weeks to 3 November 2024 to reach £11.6bn, making this the biggest sales month of the year so far, according to the latest data from Kantar. The take-home sales rise coincided with a jump in the number of shopping…

Read More »

Tesco to face £1bn increase to NI bill following Labour’s Budget

Tesco is expecting to see an increase of £1bn in its national insurance bill over the next four years following Labour’s Autumn budget, according to the Times. The chancellor Rachel Reeves has increased Employers’ National Insurance contributions in a bid to help raise as much as £40bn in taxes, pledging…

Read More »

Asda eyes more job cuts as Q3 sales fall 4.8%

Asda is reportedly planning further job cuts after confirming last week that some 475 roles in its Leeds and Leicestershire offices will be made redundant, according to The Telegraph.   It comes as the retailer has reported a 2.5% decline in total revenues in the third quarter to £5.3bn excluding fuel,…

Read More »

Sainsbury’s CEO warns NI contributions will cause spike in prices

Sainsbury’s CEO Simon Roberts has warned that the rise in employer’s national insurance contributions announced in the Autumn Budget will cost the supermarket £140m, Sky News has reported. Roberts said that the rise of NI would cause inflation to be higher than originally predicted and that Sainsbury’s won’t have the…

Read More »

Asda to cut 475 head office roles and reduce hybrid working

Asda has confirmed that it is set to cut 475 jobs from its head offices in Leeds and Leicestershire, whilst also ordering staff back to the office as part of a turnaround plan for the group. The supermarket is set to reduce hybrid working for office staff, mandating that employees…

Read More »

Sainsbury’s maintains outlook as H1 profits rise by 4.7%

Sainsbury’s has reported that profit before tax rose by 4.7% to £356m in its half-year results, with underlying operating profit up by 3.7% to £503m, as the group maintained its outlook of “strong profit growth” for the full year.   While the group reported that like-for-like retail sales rose by 3.4%,…

Read More »

Aldi to open 11 new UK stores ahead of Christmas

Aldi is set to open 11 new stores across the UK between now and Christmas. New stores in Sedgley in the West Midlands and Castle Douglas in Scotland are set to open this week, while Horsham in West Sussex and Muswell Hill in London are also gearing up to welcome…

Read More »

Sainsbury’s becomes first grocer to match Aldi prices in convenience stores

Sainsbury’s has announced that it has extended its Aldi price match scheme into its convenience stores, becoming the first supermarket to do so. The price match offer is now available for all Sainsbury’s customers whether shopping online or in one of over 1,400 stores. It includes daily staples like milk,…

Read More »

Sainsbury’s sells Argos cards portfolio to NewDay Group

Sainsbury has announced the sale of the Argos Financial Services (AFS) cards portfolio to NewDay Group.  The AFS cards support around 20% of Argos sales and are held by around two million Argos customers who use Argos credit to manage the cost of their purchases. The purchase price for the…

Read More »

Asda raises £4m for primary schools across UK

Asda’s Cashpot for Schools initiative, launched on 2 September, has raised £4m for primary schools across the UK. The industry-first campaign sees the retailer donate 0.5% of the value of its customers’ shopping to a primary school of their choice every time they shop using Asda Rewards – with £7.5m…

Read More »