Supermarkets
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Mar- 2023 -13 March
Issa brothers mull sale of Asda properties as debt costs rise
The Issa brothers are reportedly planning to explore a sale of Asda’s £8.6bn property estate in a bid to tackle…
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13 March
Tesco criticised by suppliers over online fulfilment fees
Tesco has received criticism from its suppliers and farmers after they were informed of new fulfilment fees, which are to…
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10 March
EG Group revenues jump 25% to $33bn
Asda owners the Issa brothers’ EG Group has revealed its full-year revenues surged 25% to $33.04bn (£22.5bn), which it said…
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10 March
Tesco sounds out John Allan replacements
Tesco has reportedly begun sounding out potential replacements for its long-time chairman John Allan, according to Sky News. City sources…
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9 March
Morrisons posts £1.5bn loss after CD&R acquisition
Morrisons has posted losses of £1.5bn one year after being acquired by US private equity firm Clayton, Dubilier and Rice,…
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8 March
Poundland launches new price comparison campaign
Poundland is reportedly set to launch a new price comparison campaign that will see it compete as an alternative to…
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7 March
Feb supermarket sales rise to 11% amid accelerating inflation
Total till grocery sales soared to 11.1% in the last four weeks ending 25 February 2023, up from 7.6% recorded…
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6 March
Waitrose eyes revamp of its 332 stores
Waitrose reportedly has plans for a major refurbishment programme across its 332 store estate facilitated by a series of cost…
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6 March
Jobs at risk as Morrisons shifts to single maintenance supplier
Morrisons is reportedly planning to part ways with at least 83 maintenance suppliers and shift to one single supplier, in…
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1 March
M&S set to increase salaries by 7% from April
British retailer M&S will raise the salary of more than 40,000 customer assistants by 7%, in a bid to help…
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