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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Nov- 2023 -15 November
Asda cuts debt as Q3 sales slow
Asda has announced that it has shaved £300m off its debt pile during the third quarter of the year while also revealing it has seen its sales slow during the period. In the three months to the end of September, the supermarket paid off the £200m loan it took out…
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14 November
Lidl reduced food waste by 43% since 2016, report finds
Lidl has reduced its food waste by almost half (43%) since 2016, according to the retailer’s fourth ‘Good Food’ report, which means that the retailer is on track to hit its 50% reduction target by 2030. According to Lidl, providing more meals to charity has helped reach this milestone. Last…
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14 November
Sainsbury’s, M&S and Currys call for business rates freeze
Supermarket retailers such as Sainsbury’s, M&S and Currys have urged the chancellor to freeze business rates for all retail businesses at the forthcoming Autumn Statement. According to the British Retail Consortium, as things stand, business rates for retailers in England alone will increase by 6.7% next April, which represents an…
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8 November
Lidl becomes first supermarket to launch body cameras for all staff
Lidl GB has become the first supermarket to roll out body-worn cameras across all its stores as standard, as it looks to ensure the “safety and security of customers and colleagues” amid a rise in retail crime. From the end of the month, stores across its network will start to…
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7 November
Grocery price inflation hits single digits for first time this year
Grocery price inflation has fallen below 10% for the first time since July 2022 and now sits at 9.7% for the four weeks to 29 October 2023, according to the latest data from Kantar. It comes as take-home grocery sales over the same period rose by 7.4% compared with last…
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6 November
Morrisons slashes prices on festive items
Morrisons has cut prices of 58 “popular” festive items and is committing to keeping the prices low until 31 December. Products such as stuffing, roast potatoes, cranberry sauce and tin foil will see price cuts from today (6 November) so that shoppers can stock up ahead of Christmas day. The…
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6 November
M&S to open record number of stores this month amid £80m investment
M&S will be opening nine new stores across the month of November – the most it has ever opened in one month – following a £80m investment in sustainable bricks-and-mortar retail. The openings, which will also create over 2,200 local jobs, will kick off with a new 65,000 sq ft…
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2 November
BP opens new retail stores in North Yorkshire and West Sussex
BP has opened two new retail stores in Norton-on-Derwent, North Yorkshire, and in the village of Faygate in West Sussex, creating just under 50 new jobs across the two areas. The Norton-on-Derwent store, which opened on 18 October, will serve drivers travelling between the towns of Malton and Norton-on-Derwent, around…
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2 November
Sainsbury’s set to hit upper half of guidance despite PBT drop
Sainsbury’s has announced that it expects to hit the upper half of its full year guidance of between £670m and £700m despite seeing its statutory profit before tax drop 27% to £275m for the 28 weeks ended 16 September 2023. The supermarket put the fall in profit before tax down…
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1 November
Asda acquires EG Group’s UK business for £2bn
Asda has completed its acquisition of EG Group’s UK business in a deal valued at £2bn. The move has seen the supermarket acquire EG Group’s UK&I fuel, foodservice, grocery and merchandise business. EG Group said it will continue to operate in the USA, Australia, Germany, France, Italy, the Netherlands, Luxembourg…
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