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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Jul- 2023 -10 July
Iceland expects profits to hit 10-year high
Iceland expects to deliver its “highest” profit in over a decade due to its increased focus on value and cost-saving measures, The Times has reported. According to The Times, Iceland told bondholders last week that it was “confident” this year’s underlying profit will be its strongest in 10 years, exceeding…
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6 July
Asda owner to face committee over inflated fuel prices
The Commons business and trade committee has reportedly informed Asda owner Mohsin Issa about “apparent discrepancies” in the price of petrol fuel pricing at the supermarket chain and has asked the businessman to appear on 19 July, according to The Telegraph. The chairman of the committee, Darren Jones, said that…
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4 July
M&S expands Shwopping scheme to more stores
M&S has announced it is extending its long-standing Shwopping scheme with the roll-out of dedicated school uniform Shwop boxes in over 200 of its stores across the UK. Through the new M&S Back-to-School Shwopping boxes, donated preloved school uniform that pass the ‘hand-me-down quality test’ will be given a second…
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4 July
CMA issues £60,000 fine to Asda over fuel price probe failure
The Competitions and Market Authority (CMA) has fined Asda £60,000 for failing to provide information for its fuel pricing probe when required. Asda received two fines each of £30,000, for sending a representative to attend a compulsory CMA interview who was not equipped to provide evidence on certain topics and…
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4 July
Morrisons to close Bradford manufacturing site, 450 jobs at risk
Retail trade union USDAW has been briefed by Morrisons about its intention to close the Bradford manufacturing site at Cutler Heights in Bradford, which will put over 450 jobs at risk. This comes as Morrisons is proposing that the work carried out at Cutler Heights will be moved to their…
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4 July
Sainsbury’s returns to growth in Q1 as food inflation falls
Sainsbury’s welcomed a return to volume growth and strengthening market share outperformance in Q1, largely driven by a strong grocery momentum over the period, as the group noted that food inflation was starting to ease. Over the quarter, like-for-like sales (excluding fuel) were up by 9.8%, while total retail sales…
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3 July
Tesco appoints Burberry chair to replace John Allan
Tesco has appointed the chair of Burberry, Dr Gerry Murphy, as its new chairman, who will replace John Allan in the role following misconduct allegations which led to Allan’s resignation. Joining on 1 September 2023, Murphy has extensive global leadership experience in both executive and non-executive roles, and is currently…
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Jun- 2023 -29 June
John Lewis becomes first retailer to set net-zero targets
The John Lewis Partnership has become the first retailer in the UK to have its “science-based” net-zero targets validated by the The Science Based Targets initiative. The SBTi, the gold standard for setting and monitoring corporate climate targets, has validated the partnership’s target to become net-zero across its own operations…
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26 June
Supermarket leaders to be questioned over rising prices
Supermarket leaders are set to be questioned by MPs this week regarding claims they could be profiteering from rising food and fuel prices. According to The Sunday Times, Morrisons CEO David Potts will be among the supermarket bosses to be questioned by MPs on the business committee tomorrow (27 June).…
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23 June
Morrisons sales jump 3.1% to £3.7bn
Morrisons has revealed that its quarterly sales increased 3.1% to £3.7bn in the 13 weeks ending 30 April 2023, with like-for-like sales up 1%. Its wholesale channel sales were also up by 20%. However, total group revenue fell by 0.9% to £4.5bn reflecting lower fuel sales year on year. Additionally,…
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