Supermarkets

Co-op to introduce secure tills and AI tech to combat rising crime

The Co-op is reportedly set to install more than 200 secure till kiosks, locked cabinets for bottles of spirits and AI technology to monitor self-checkouts amid rising in-store crime.  According to The Guardian, the move comes after a 44% surge in retail crime last year, with incidents reaching about 1,000…

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Jan supermarket sales remain buoyant

Total Till sales at UK supermarkets experienced continued growth (+6.6%) in the last four weeks ending 27 January 2024, according to new data released today by NIQ. The firm said the increase is reflective of a slow down (6.1%) in food inflation, which is at its lowest rate since June…

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Sainsbury’s unveils ‘Next Level’ strategy

Sainsbury’s has announced its latest strategy ‘Next Level Sainsbury’s’, aiming to build on its Food First Strategy it launches in 2020. The company has laid out eight commitments which it aims to achieve by March 2027. These include; having food volume growth ahead of the market, delivering profit leverage from…

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Co-op calls for more effective use of Apprenticeship Levy

Co-op has called for private and public sector organisations to collaborate to ensure the Apprenticeship Levy is used more effectively to support young people.  It comes as it was revealed this week that millions of pounds of funds remain unspent and have been returned to the central government, due to…

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Asda to open 110 stores in February

Asda will open 110 Asda Express convenience stores in February – a record for a single month – to accelerate its growth strategy in convenience and put it firmly on track to reach 1,000 UK stores in total for the first time. The supermarket will convert 109 former convenience stores…

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Morrisons stores chief steps down

Morrisons stores chief has stepped down from his role at the company after four years, The Telegraph has reported. David Lepley, who was appointed group retail director in 2020, has worked for Morrisons for almost eight years. He has an extensive career in the retail industry, having started at Asda…

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Issa brother mulls sale of Asda stake 

One of the Issa brothers is reportedly planning to offload his stake in Asda and instead focus on EG Group’s petrol station business, The Telegraph has reported. Reports said that Zuber Issa has approached buyout specialists and retailers to explore a sale of his 22.5% stake in Asda, only three…

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Morrisons EBITDA hits £970m

Morrisons has revealed that its EBITDA increased 6.5% to £970m, for the year ended 29 October 2023. Alongside this, the supermarket’s full-year total revenue excluding fuel was £14.9bn, an increase of 2.7% compared with last year. The company posted a total revenue excluding fuel of £3.6bn, up 3.2% and like-for-like…

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Co-op launches UK’s first convenience retail media network

Co-op has officially launched the UK’s first retail media network in the convenience sector, in an effort to help brands reach new and wider audiences, while improving advertising relevancy for its shoppers.   The launch aims to bring together the retailer’s in-house team and its long-term retail media agency partner Threefold…

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M&S introduces recyclable paper packaging across Cafés

Marks and Spencer has introduced new recyclable paper packaging across its range of sandwiches and toasties that are available in all M&S Cafés across the UK. The news comes as M&S plans to remove 1 billion units of plastic packaging by 2027 on its roadmap to net zero by 2040. …

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