Supermarkets
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Jul- 2024 -29 July
Iceland posts record profits as £1 range proves popular
Iceland has reportedly posted record profits for the full-year as it managed to control its energy bills and its revamped £1 value range proved popular among squeezed customers. Its underlying profits rose 24% to £315.7m in the year ended 29 March, and its sales nudged up 6.6% to £4.2bn, the…
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29 July
Ocado boss plans to retain stake in M&S JV
Time Steiner, Ocado CEO, has reportedly announced that the group plans to retain its stake in Ocado Retail, its joint venture with Marks and Spencer (M&S), according to the Financial Times. In an interview with the FT Steiner said: “I don’t want to sell the other half right now, so…
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25 July
Lidl to invest £1.5bn in beef industry over next five years
Lidl GB has committed to invest £1.5bn into the British beef industry over the next five years, as part of its wider commitment to sourcing 100% British beef. The supermarket is launching the Sustainable Beef Group to support farmers transitioning to sustainable practices. Those in the group will be rewarded…
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24 July
Hot weather and Euros help boost grocery sales
Total Till sales at UK supermarkets improved +3.6% in the last four weeks ending 13 July 2024, up from 1.1% in the previous month, as the arrival of hot summer weather and the Euros helped boost performance, according to new data released today by NIQ. Promotions also helped to drive…
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24 July
Iceland boss calls for review of supermarkets’ restrictive covenant ban
Iceland managing director Richard Walker has urged the new Labour government to review the ban for supermarkets to use restrictive covenants in property deals. In a LinkedIn post, Walker claimed that “legal tricks” have been used in the past by German-owned supermarkets Aldi and Lidl to prevent competition on retail…
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23 July
Aldi to create 1,000 new stores roles before 2025
Aldi is set to create 1,000 jobs in new stores across the UK between now and the end of the year. The UK’s fourth-largest supermarket, which has more than 1,020 stores, currently employs over 45,000 people. Roles available will include managerial positions, caretakers and cleaners, as well as store apprentices.…
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19 July
Aldi tops Britain’s ‘most popular’ supermarket poll
Aldi has been named as the nation’s “most popular” supermarket, according to new polling data from YouGov for the three months to June 2024. The supermarket has maintained its leading position since July 2023, ranking ahead of its Big Four rivals, as well as M&S and Lidl. The most popular…
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18 July
Sainsbury’s to donate over one million meals to children with Comic Relief
Sainsbury’s and Comic Relief have committed to donating over £2.5m to help children and families by providing over one million meals in the school holidays. The funding will help launch five new food club hubs, which will run all-year-around and provide long-term solutions to help improve families’ access to food…
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15 July
Abuse of retail workers to become standalone offence
The government is expected to pass the Crime and Policing bill this week, which will make assaulting, threatening or abusing a retail worker a standalone offence, The Times has reported. It is understood that this new bill will be announced in the King’s Speech on Wednesday (17 July). The Crime…
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12 July
GCA warns Amazon it must comply with Groceries Supply Code of Practice
The Groceries Code Adjudicator (GCA) has told Amazon that it must take “swift and comprehensive” action to demonstrably comply with the Groceries Supply Code of Practice in its new 2024 annual survey. According to the GCA’s 2024 annual survey, while the number of suppliers experiencing a code issue fell from…
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