Supermarkets
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Dec- 2022 -13 December
Shopper spend rises 7.6% at UK supermarkets despite squeeze on incomes
Total Till sales grew +7.6% in the last four weeks ending 3 December 2022, up from +5.6% last month, according to the latest data from NielsenIQ. Nielsen said the acceleration in Total Till sales is largely a result of double-digit food inflation, as UK shoppers remain cautious regarding the contents…
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12 December
Tesco begins search for independent chairman replacement
Tesco has reportedly begun proceedings to find a replacement for its independent chairman, John Allan, who will step down in 2024, according to Sky News. Under UK corporate governance rules, Allan will be ‘timed out’ in just over a year, meaning he would no longer be regarded as an independent…
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9 December
Morrisons agrees £220m warehouse deal
Morrisons has agreed to a £220m sale and leaseback deal with asset management firm, Intermediate Capital Group, which also includes contracts for seven of its distribution warehouses for up to 25 years. According to The Times, Morrisons will be converting McColl’s stores into its own convenience store format, Morrisons Daily. …
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6 December
Asda to create 10,000 new jobs
Asda has announced plans to create 10,000 new jobs over the next four years as it rolls out its Asda Express convenience store concept. The supermarket chain opened its second Asda Express Tottenham Hale, north London and confirmed its plans to open 300 more by the end of 2026. New…
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5 December
Morrisons owner working to replace CEO
Morrisons owner Clayton Dublier and Rice (CD&R) is working to find an eventual replacement for CEO David Potts just a year after acquiring the supermarket in a £7bn deal, according to Sky News. US-based private equity firm CD&R has retained Egon Zehnder International to help strengthen Morrisons’ executive ranks. Sky…
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Nov- 2022 -29 November
EG group announces ‘resilient’ Q3 results
Asda owner EG group has announced a “resilient” set of results of the three months to 30 September 2022. The group announced that its EBITDA increased 10% to $470m (£391m) on a constant currency basis. EG opened 65 Asda ‘on the move’ convenience stores in the UK and Ireland which…
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25 November
Waitrose appoints customer director
Waitrose has announced that Nathan Ansell has been appointed as its new customer director, reporting to executive director, James Bailey. He replaces Martin George who leaves after five years with the company. Starting in January 2023, Ansell will be responsible for further developing its multi-channel customer strategy through a focus…
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24 November
54% of consumers plan to stick to spending this Christmas, study finds
Some 54% of UK consumers are Christmas “enthusiasts” and will not change their Christmas plans despite economic challenges, according to Nielsen’s Unwrapping Europeans’ Holiday Outlook’ report. The survey of more than 1,000 people in the UK found that while increased food and energy prices as well as possible supply bottlenecks…
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21 November
Iceland founder rebuffs takeover approaches
Malcolm Walker, the founder of Iceland Foods, has reportedly dispelled rumours that he has been “quietly marketing” the company to other interested parties, according to The Times. Walker has reportedly rejected “frequent” approaches from potential buyers for the frozen foods supermarket in the past. The Times reported that he found…
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17 November
Lidl sees pre-tax profits quadruple to £41.1m
Budget supermarket chain Lidl has revealed its pre-tax profits quadrupled to £41.1m, up from £9.8m, during the year ending February 2022. Lidl also reported revenues of £7.8bn up from £7.7bn for FY20/21, a rise of 1.5%. This was also a 13% increase on its pre-pandemic revenue which was £6.9bn. The…
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