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- 2022 -8 July
Asda launches £1 meal charge for children
Asda has unveiled what it calls its “strongest ever initiative” to help feed children amid the cost of living crisis, which will see children across Scotland and Northern Ireland eat for only £1 at any time of day in Asda Cafés, seven days a week, with no minimum adult spend…
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7 July
Morrisons opens its first eco store
Morrisons has launched its first low environmental impact store in Little Clacton, Essex, which uses 43% less carbon, stocks 366 loose products to reduce plastic waste, and uses locally sourced products. Morrisons Little Clacton has recycled 99% of the demolition materials from its old store in the new build, and…
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7 July
Brits urged to cut £15bn off their grocery shop
Brits could reportedly be spending a premium of £15.1bn a year for branded items in Big 4 supermarkets instead of Aldi’s exclusive own-label products, according to data from Kantar. When broken down, the £15.1bn a year works out to £45 a month, or £542 a year, that could be saved…
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6 July
Almost a third of M&S shareholders vote against Steve Rowe’s bonus pay
M&S experienced a shareholder revolt at its AGM meeting yesterday (5 July) after almost a third voted against its remuneration report that included a £2.6m paypacket to outgoing CEO Steve Rowe. M&S said it has been “proactively talking” to its larger shareholders about this subject and added it was aware…
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6 July
Mars Petcare latest to halt supplies to Tesco amid price dispute
Mars Petcare has halted supplies to Tesco as the supermarket faces its second dispute amid rising costs, as inflation continues to impact supplier and retailer relations. Mars Petcare, which produces brands such as Whiskas, Dreamies, Pedigree and Cesar, has paused supplies to Tesco until an agreement can be reached on…
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5 July
Sainsbury’s sales fall as CEO warns pressure on budgets set to intensify
Sainsbury’s has revealed its first quarter like-for-like sales for the 16 weeks to 25 June 2022 fell 4% YOY as it warned the pressure on households budgets is only set to “intensify” over the remainder of the year. Despite the like-for-like figures, Sainsbury’s said it experienced good grocery performance, with…
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5 July
Tesco launches £150m share buyback programme
Tesco has announced it has entered into an arrangement with HSBC Bank plc to repurchase shares on behalf of the company with an aggregate value of up to £150m, as part of its existing commitment to buy back a total of £750m worth of shares by April 2023. The arrangement…
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4 July
Cost of living crisis will not curtail Brits summer spending, M&S finds
The cost of a living crisis is not dampening UK consumers’ desires to make the most of this summer, according to Marks and Spencer’s latest ‘Family Matters’ update. It found the cost of living is cited as a top concern by 82% of UK families, up 10% since the end…
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4 July
Supermarket Income acquires four supermarkets in £82.9 deal
Supermarket Income REIT plc, a real estate investment trust, has announced it has acquired two supermarket sites for a total purchase price of £82.9m. The company has purchased a Tesco superstore, Marks and Spencer Foodhall and an Iceland in Chineham, Basingstoke, and an Asda supermarket in Carcroft, Doncaster. The 18.7…
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Jun- 2022 -30 June
Poundland to expands £1 range in response to inflation
Poundland has confirmed its intentions to reset 850-plus stores and expand the products it sells for £1 in response to rising inflation. According to new figures released last week, inflation has hit 9.1%, the highest rate in 40 years. As a result, Poundland said it would be “leaning more heavily…
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