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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Sep- 2022 -1 September
Sainsbury’s to invest £65m to help ease cost-of-living crisis
Sainsbury’s has announced the launch of its biggest ever September value offer, spending £65m across the business to “help ease the growing pressure customers are feeling from the rising cost of living”. Some £60m will be invested throughout autumn in food and grocery via its Sainsbury’s quality, Aldi price match…
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Aug- 2022 -31 August
Brunello Cucinelli reports net profit of €50m
Casa di Moda Brunello Cucinelli has reported net profit of €50.6m (£43.4m) for the first half of 2022 ending June 30, up +131.4% compared with €21.9m (£18.8m) in H1 2021. It also revealed net sales of €415m (£356m), up +32.4% at current exchange rates compared with 2021. It comes as…
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30 August
Asda eyes £450m bid for Co-op’s petrol forecourts
Supermarket group Asda is reportedly preparing to make a £450m swoop on the Co-op Group’s petrol forecourt business, according to Sky News. The outlet reports that Asda is the leading contender to buy Co-op’s fuel retailing arm, which includes a sizeable convenience operation. According to the source, a deal could…
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26 August
Asda sees Q2 sales improve but remain down on 2021
Asda has revealed that it saw like-for-like sales in Q2 2022 ending June 30 fall by 1.9% year-on-year compared to the same period last year. The performance represents an improvement on the 9.2% decline in like for like sales during the previous quarter of this year. The supermarket delivered positive…
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25 August
Asda to remove ‘best before’ dates on produce
Asda has announced plans to remove the ‘best before’ dates on almost 250 of its fresh fruit and vegetable products as a way to help customers reduce food waste and save money. It is reported that from 1 September, the supermarket will remove the dates from packaged fruit and vegetable…
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25 August
Iceland’s debt rating downgraded as it falls to pre-tax loss
Iceland’s debt rating has been downgraded by Moody’s as its newly filed accounts showed Iceland Foods fell to a pre-tax loss of £4.1m for the 52-week period ended 25 March 2022, compared to a profit of £73.1m in the prior year. Sales dropped 4.3% from £3.7bn to £3.5bn year-on-year, compared…
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24 August
Co-op Group appoints Shirine Khoury-Haq as CEO
The Co-op Group has announced the appointment of Shirine Khoury-Haq as the supermarket chain’s new CEO. Allan Leighton, chair of Co-op, said: “I’m delighted that Shirine has accepted the invitation to lead and develop our Co-op into the future, tackling the challenges presented by the highly uncertain and volatile external…
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23 August
Grocery sales jump 4.5% as convenience stores boost performance
Total till grocery sales remained strong in July with a growth of +4.5% as UK shoppers spent £3.6bn on groceries at convenience stores in the last four weeks ending 13 August, according to the latest data from NielsenIQ. Convenience store sales accounted for 28.9% of sales within this period and…
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16 August
Grocery price inflation hits new peak, Kantar finds
Supermarket sales rose by 2.2% in the 12 weeks to 7 August according to the latest take-home grocery figures from Kantar, despite grocery price inflation hitting 11.6% – the highest level since Kantar first started tracking the data this way in 2008. During the period, Lidl remained the fastest growing…
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15 August
Aldi increases pay for warehouse employees
Aldi has increased its hourly pay for colleagues working at Aldi distribution centres, the majority of distribution centre roles are warehouse selectors, who will receive a new minimum rate of £12.66 an hour. From September, it said all hourly paid colleagues within its warehouses will have received pay rises of…
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