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.
-
Sep- 2023 -25 September
Aldi to invest £1.4bn in UK-wide expansion
Aldi has announced that it would increase its rate of investment in the UK in the next two-year period to more than £1.4bn, as annual sales increased by almost £2bn to £15.5bn in the year to December 2022. The discount retailer’s investment will include work to expand its distribution and…
Read More » -
25 September
Iceland complains to Ofgem over conduct of energy firms
Gas and electricity suppliers have been accused of profiteering and discrimination by businesses including Iceland, The Telegraph has reported. According to reports, British businesses made complaints to Ofgem regarding the behaviour of gas and electricity companies as part of the energy regulator’s investigation into “poor conduct”, which launched earlier this…
Read More » -
22 September
Co-op underlying profits jump to £43m in H1
The Co-op has posted underlying profits of £43m during the first half of the year, up from a £1m loss the prior year, as its cost-saving efforts proved fruitful. The retailer said the improvement was driven by annualisation of £101m cost savings achieved in 2022 and further cost savings in…
Read More » -
21 September
Tesco’s chief customer officer to step down
Tesco has announced that its chief customer officer, Alessandra Bellini, is set to step down from her role at the end of September. Following her departure, Ashwin Prasad will lead Tesco’s customer and product teams as chief commercial officer. Bellini, who joined in March 2017, will leave Tesco after nearly…
Read More » -
20 September
Asda appoints new leaders to tech team amid Walmart separation
Asda has announced the appointment of Adrian Berry and Rob Barnes to its technology team to oversee the development of its new technology strategy and separation from Walmart. Berry will join early in 2024 as the retailer’s new chief technology officer, where he will be responsible for all core technology…
Read More » -
19 September
Unexpected September heatwave helps UK grocery sales bounce back
The late summer and unexpected heatwave in early September helped lift grocery sales at UK supermarkets, with Total Till sales growing +10.3% in the last four weeks ending 9 September 2023, according to new data released today by NIQ. NIQ revealed that growth at supermarkets during the four week period…
Read More » -
19 September
Price cuts boost Ocado sales in Q3
Price cuts have helped entice shoppers to Ocado in its third quarter of trading, with retail sales up by 7.2% to £569.6m in the three months to 27 August. Average orders per week grew by 1.9% year-on-year, “lapping a strong customer acquisition push” this time last year, and active customers…
Read More » -
14 September
Lidl swings to loss despite revenues rising to £9.3bn
Lidl has reported a loss before tax of £75.9m despite seeing an 18.8% increase in its revenues to £9.3bn in FY23, according to its latest accounts for the 52 weeks ending 28 February 2023. Its EBITDA also dropped to £28.5m compared with £79m FY22 as it invested over £100m in…
Read More » -
12 September
Grocery price inflation drops to 12.2%
Grocery price inflation has dropped to its lowest level in over 12 months at 12.2% for the four weeks to 3 September 2023, according to the latest data from Kantar. Take-home sales from the grocers rose by 7.4% compared with the same period in 2022, a slight increase on the…
Read More » -
11 September
Morrisons considers offloading petrol forecourts in £2.5bn deal
Morrisons is considering offloading its 340 fuel retail sites in a £2.5bn acquisition by CD&R-owned Motor Fuel Group (MFG), Sky News has reported. News of the talks between Morrisons and MFG comes months after CD&R stopped a potential sale of the latter business. It is understood that the retailer opened…
Read More »
