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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Oct- 2023 -5 October
Asda signs TCS deal to overhaul IT operating model
Asda has signed a multi-year partnership with Tata Consultancy Services (TCS) to support its digital transformation and implement a new organisation-wide IT operating model. The move follows its separation from former owner Walmart, with TCS noting its cloud, AI, and security solutions will now help ASDA deliver the divestiture “smoothly,…
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4 October
Tesco raises forecast amid strong H1
Tesco has reported adjusted operating profits of £1.3bn in the UK, an increase of 17.2%, as like-for-like sales across the group increased 7.8% and inflation fell across H1. As a result, it now expects to deliver between £2.6bn and £2.7bn in retail adjusted operating profit for the 2023/24 financial year.…
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4 October
Wilko store deals at risk as new owners renegotiate leases
The proposed rescue deals for over 100 Wilko stores could reportedly be at risk as the new owners try to negotiate better terms with landlords, according to The Times. The outlet revealed that B&M, which agreed a deal for over 50 Wilko stores, is thought to have delayed completing some…
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3 October
Shop price inflation reaches lowest point in a year
Shop price annual inflation dropped to 6.2% in September, down from 6.9% in August, reaching its lowest point since September 2022, according to data from the British Retail Consortium (BRC). The BRC has put this decrease down to competition between retailers causing prices to drop. Non-food inflation eased to 4.4%…
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2 October
Lidl sees interest bill treble to £108m
Lidl’s UK arm has been hit by a rise in its borrowing costs, with its interest bill on debts almost trebling to £108m, according to This Is Money. The paper said this marked the “first serious setback” for Lidl in its UK operations, which has seen its share of the…
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Sep- 2023 -29 September
John Lewis considers offloading 12 Waitrose stores for £150m
John Lewis Partnership Plc is reportedly planning to sell 12 Waitrose supermarkets for as much as £150m in a bid to raise more capital, according to Bloomberg. Some people familiar with the matter told Bloomberg that CBRE has been appointed as agent for the partnership and the marketing of the…
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28 September
Poundland to open 10 former Wilko stores
Poundland has announced it is set to open 10 former Wilko stores this Saturday (30 September) after it secured an agreement with administrator PwC to take an option on a number of Wilko store leases. The following Wilko stores will open on Saturday morning: Broad Street, Chell Road, Stafford, ST16…
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28 September
Morrisons sales hit £3.8bn in Q3
Morrisons has reported that like-for-like sales not including fuel, increased by 2.9% during Q3 ended 30 July, increasing its total sales by 3.1% to £3.8bn. The supermarket chain has attributed this to its focus on competitive pricing, inflation being below the market, and further investment in its ‘Price Locked Low’…
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27 September
Tesco locks prices on 1,000 products until 2024
Tesco is locking the price of more than 1,000 products until 2024, as consumers continue to face the cost-of-living crisis. Among the 1,000-plus everyday items to have their price locked as part of the latest round of Low Everyday Prices are Typhoo One Cup teabags, Jacobs’ Cream Crackers and Aquafresh…
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26 September
Aldi to offer staff body cameras amid shoplifting rise
Aldi chief executive Giles Hurley has announced that the company will be offering staff body cameras in a bid to deter would-be shoplifters. Hurley confirmed that the plan was being trialled in a number of Aldi stores as the amount of shoplifting continues to rise. He also stated that body…
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