Supermarkets
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Mar- 2024 -12 March
Aldi raises hourly pay for second time this year
Aldi has raised its pay for store colleagues for the second time this year to the new national minimum rate of £12.40 an hour for store assistants and deputy store managers, taking the position as the highest level of entry pay ever to be paid by a British supermarket. This…
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7 March
Co-op announces Real Living Wage staff pay rise
Co-op has announced a pay increase to at least £12 per hour for store colleagues, in line with the Real Living Wage. The move represents the retailer’s biggest ever investment into pay with an increase of over 20% in the last two years for staff. From 1 April, the rate…
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7 March
M&S co-CEO to step down
Katie Bickerstaffe is set to retire from her role as co-CEO at M&S to pursue her board career.The company said she would step down after its AGM in July 2024. Bickerstaffe served as a non-executive director and co-COO of M&S prior to being appointed co-CEO in March 2022. According to…
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6 March
Waitrose partners with FareShare to deliver 20 million meals
Waitrose has redirected the equivalent of 20 million meals worth of surplus food to charities and community groups across the UK through its partnership with charity FareShare. Through its stores, customer fulfilment and distribution centres across the UK, the retailer’s decision to redistribute surplus food is in line with its…
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6 March
M&S to roll out fully recyclable coffee cups in all its cafes
M&S has announced that it will be rolling out fully recyclable takeaway coffee cups to all its cafes from next month. The move comes after M&S became the first major high street coffee retailer to offer its coffee and all hot drinks in a paper fibre cup and lid, which…
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6 March
Tesco raises pay by 9.1% amid ‘record’ £300m investment
Tesco has increased base pay for staff by 9.1%, amid a “record” investment of more than £300m in hourly pay.The supermarket reached an agreement with trade union USDAW that will see the hourly pay rate increase from £11.02 to £12.02. The new rate will come into effect from April 2024. …
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5 March
Issa brothers scale back EG Group investment to cut debts
Asda owners the Issa brothers have reportedly scaled back investment in their petrol forecourts business EG Group in a bid to reduce debts. According to the Telegraph, EG Group reduced its growth capex by 37% last year to £191m in what executives called a “controlled reduction” to maximise liquidity. The…
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5 March
Supermarket sales slow as retailers push branded promotions
Total Till sales at UK supermarkets slowed +5.3% in the last four weeks ending 24 February 2024, according to new data released today by NIQ. This is a slight slowdown compared with the +6.6% increase reported last month, a result of food inflation falling to 5%. However, grocery retailers capitalised…
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5 March
Ocado launches Best of British aisle
Ocado Retail has launched a new Best of British aisle to showcase UK produce. Unlike other supermarket British aisles which can include products manufactured in the UK with ingredients from around the world, Ocado’s aisle exclusively features products both grown and produced locally. Its selection is the largest of any…
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4 March
M&S wins Marble Arch legal battle
The High Court has ruled in favour of M&S’ redevelopment plans of its Marble Arch flagship branch, having called Michael Gove’s decision to block the plan “unlawful”. News of the outcome follows the retailer’s launched planning appeal last month. It comes after the secretary of state’s decision to reject plans…
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