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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Jun- 2023 -22 June
Ocado shares jump amid rumours of Amazon interest
Ocado has seen its share jump price surge by almost 32% this morning (23 June) among rumours that online retail giant Amazon could be interested in a potential takeover, according to The Times. Ocado saw its share price jump from from 424p per share at close on Wednesday to 607p…
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21 June
Aldi becomes Scotland’s 3rd biggest supermarket by volume, Kantar finds
Aldi Scotland has revealed its volume share of the grocery market has increased to 11%, moving ahead of Morrisons and Sainsbury’s for the first time to become the third biggest supermarket, according to new data from Kantar. Aldi Scotland now commands a higher volume market share than Co-op (7.2%), Sainsbury’s…
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20 June
M&S to cut prices on over 200 items
M&S Food has invested in the price of over 200 products in a move that will see the retailer cut the price of over 70 family staples and extend its price lock on 150 customer favourites. The retailer said it was cutting the price on some of its most popular…
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20 June
Grocery price inflation falls to lowest level this year
Like-for-like grocery price inflation has dropped to its lowest level since 2022 and now sits at 16.5% for the four weeks to 11 June 2023, according to the latest data from Kantar. British take-home grocery sales rose by 10.8% over the month in comparison with the same period last year.…
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19 June
Morrisons invests £26m in sixth course of price cuts
Morrisons has announced that it will spend £26m on cutting prices in its stores for the sixth time this year. The supermarket stated that 47 high-volume products have been cut in price by an average of over 25%, with the new prices being held for a minimum of eight weeks.…
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16 June
Tesco sales up 9% amid signs of easing inflation
Tesco has announced that its sales excluding fuel in the UK and Ireland have risen 9% to £13.8bn for the 13 weeks ended 27 May 2023. Overall, the company posted sales of £14.8bn across its stores in the UK, Ireland and Central Europe including Booker, an increase of 8.2%. This…
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15 June
Issa Brothers near £650m Asda property sale
Mohsin and Zuber Issa are on the brink of selling a part of Asda’s property portfolio to a US investor in a deal worth £650m, The Times has reported. According to The Times’ understanding, following a “competitive” bidding process, the New York-based investor Realty Income Corporation is close to buying…
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14 June
CMA orders Sainsbury’s and Asda to stop anti-competitive land agreements
Sainsbury’s and Asda have recently been ordered to stop using unlawful anti-competitive land agreements by the Competition and Markets Authority (CMA). The unlawful agreements include placing restrictions on land they own from being used by a rival supermarket, a move which doesn’t allow shoppers to have more choice and benefit…
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14 June
Asda to freeze prices on more than 500 products
Asda has announced that it has frozen the prices of over 500 branded and own-branded products following an investment to “give customers more control over what they spend each week”. The price lock, which runs until the end of August, includes cupboard essentials such as cereals, pasta and tea, as…
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13 June
Aldi sees frozen fish and seafood volume market share soar
Aldi has increased its volume market share of frozen fish and seafood from 12.0% to 14.3% in the 12-week period ending 14 May 2023, according to the latest figures from Kantar. It now sells more frozen fish than any other retailer in the UK aside from Tesco, overtaking frozen food…
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