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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May- 2023 -31 May
Sainsbury’s launches new initiative to tackle food poverty
Sainsbury’s has announced that it will donate 50p from every product sold in the ‘Inspired to Cook’ range to Comic Relief between now and 11 July, as part of the retailer’s ‘Nourish the Nation’ initiative to help tackle food poverty. Every 50p donated by the supermarket chain will fund the…
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31 May
UK supermarkets see sales up 12.3% in May
UK supermarkets experienced a 12.3% uplift in total till sales over the last four weeks ending 20 May 2023, up from 9.7% in April, according to the latest data from NIQ. UK supermarkets (stores over 3000 sq ft) experienced the biggest uplift in sales during the week of the Coronation…
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31 May
Asda chair slams ‘clumsy’ food price cap plan
The chair of Asda and EG Group has criticised the government’s “clumsy” plan to introduce price caps on food staples. On a call to reporters, Lord Rose, who is also the former boss of Marks and Spencer, told outlets that “you can’t interfere in the markets” and warned of the…
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30 May
Sunak considering plans to ask retailers to cap price of basic food items
Rishi Sunak is reportedly considering plans to ask retailers to cap prices on basic foods in an effort to reduce food inflation, The Sunday Telegraph reported. After a sharp increase in the cost of living brought on by the war in Ukraine, Sunak has urged the Treasury to find measures…
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30 May
Asda acquires EG Group UK for £2.27bn
Asda has announced that it has acquired the majority of EG Group’s UK and Ireland fuel, foodservice, grocery and merchandise business in a deal worth £2.27bn. The deal means that Asda will take ownership of around 350 petrol stations and more than 1,000 food-to-go locations. The UK’s third largest supermarket…
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26 May
Sainsbury’s moves own brands under Stamford Street range
Sainsbury’s has announced it has combined all of its own-label value ranges under one brand – Stamford Street. Named after the previous home of Sainsbury’s, the brand consists of around 200 products and has already started hitting shelves, with products rolling out between now and Autumn. It comes as it…
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26 May
Asda owners set to announce £10bn merger with EG Group
The owners of Asda are said to be in the final stages of completing a £10bn merger between the supermarket and petrol forecourt company EG Group, Sky News has reported. The Issa Brothers, who own both the supermarket chain and EG Group, are reportedly finalising a deal alongside TDR Capital…
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24 May
Co-op and Starship expand robot delivery service in Yorkshire
The partnership between Starship Technologies and The Co-operative is rolling out autonomous grocery deliveries from today (24 May) to local residents in Wakefield, Yorkshire. The service has been made available to 13,000 residents across over 6,500 households, with orders made through the Starship food delivery app. Groceries will be picked…
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24 May
M&S FY sales and profits jump as turnaround strategy bites
M&S has seen its full-year profits and sales increase despite the ongoing cost-of-living crisis and tough economic conditions over the period, with the group attributing its performance to its latest turnaround strategy. Profit-before-tax rose by 21.4% to £474.7m, up against £391.7m the prior year, while group sales were up by…
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24 May
Lidl increases pay for third time in 12 months
Lidl GB has announced its third pay rate increase in 12 months which will impact all of its 24,500 hourly-paid colleagues. The latest raise will see colleagues earn up to 16% more than their counterparts at “traditional” and “premium” priced supermarkets. Store and warehouse colleagues working outside the M25 will…
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