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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Aug- 2024 -29 August
Morrisons cuts prices on over 2,000 products
Morrisons has cut the price of over 2,000 products both online and in-store in a move set to benefit More Card customers. Loyalty card holders will now pay less with their More Card, with new market leading prices applied throughout September to over 2,000 branded and essential items across fridge,…
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29 August
Ocado Retail to slash prices on over 450 products
Ocado Retail has announced that it is slashing prices under its Big Price Drop scheme. Posting on LinkedIn, the group said: “From today, 450 more products on site will be reduced in price, decreasing by an average of 17%. It’s one of the many ways we’re continuing to offer reassuringly…
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21 August
Waitrose to open 100 convenience stores amid £1bn investment
Waitrose has announced plans to open up to 100 convenience shops across the country over the next five years, just as the retailer has unveiled its latest vision for what its shops “could look like for customers in the future”. It comes as Waitrose plans to invest a “record” £1bn…
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21 August
Supermarket sales rise 5.5% amid summer holidays boost
Total Till sales at UK supermarkets has seen a 5.5% increase in the last four weeks ending 10 August 2024, up from 3.6% in the previous month, according to new data released by NIQ. This is the largest growth in Total Till sales recorded so far this year, which was…
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20 August
Co-op to invest in over 600 early years apprenticeships
The Co-op, along with other members of The Royal Foundation’s Business Taskforce for Early Childhood, is spearheading an intervention to invest in over 600 early years apprentices. It comes as the UK is grappling with a shortage of health visitors and midwives, with the existing childcare system also being widely…
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19 August
Morrisons hit by raft of senior staff departures
Morrisons has been hit by an “exodus” of senior staff after seven directors left the supermarket over the summer, including convenience director Miles Foster, property director Mark Nowak and productivity director Jonathan Bell, according to the Sunday Times. The news comes after almost a third of the top 60 employees…
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15 August
Aldi to retire click-and-collect service
Aldi has revealed it will be discontinuing its click-and-collect offering at the end of this week on 18 August. According to the group, the offering was a trial and had always been under review. By scrapping the service, Aldi said it will be able to focus on running its stores…
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13 August
Sainsbury’s sees biggest market share gain since 1997
Take-home sales at the grocers rose by 3.8% in the four weeks to 4 August 2024 compared with a year ago, as Sainsbury’s also saw its largest market share gain since 1997, according to the latest data from Kantar. Sainsbury’s market share increased 0.5 percentage points over the 12 weeks…
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12 August
Sainsbury’s urges gov to reform business rates
Sainsbury’s and USDAW have together called on the new government to deliver on its promise to reform business rates.The call follows research which “demonstrates that failure to act could lead to 17,300 retail closures over the next ten years”. The research, carried out by Development Economics, warned that an increase…
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12 August
Asda chair ‘embarrassed’ by recent performance
Asda chair Lord Rose has stated that he is “embarrassed” by the supermarket’s performance and indicated it could be time for co-owner Mohsin Issa to step back his involvement. Last week, the supermarket saw its like-for-like sales drop 5.3% in Q2 while its market share fell to 12.7%, it was…
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