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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Apr- 2022 -20 April
M&S’ Oxford Street demolition blocked by Government
Marks and Spencer’s (M&S) plans for the demolition of its Marble Arch flagship on Oxford Street has been paused by Michael Gove so that ministers can scrutinise the plans. According to the Evening Standard, the communities secretary blocked the plans using an Article 31 holding direction, meaning the local authority…
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19 April
Asda unveils new chief financial officer
Asda has announced the appointment of Michael Gleeson as its new chief financial officer (CFO), who is set to join the business next year. The announcement comes as Asda’s current CFO, John Fallon, has decided to leave the business and take on new challenges. Gleeson will join the company from…
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14 April
Supermarket shares crash amid Tesco profit warning
UK Supermarkets saw almost £1bn wiped off their value yesterday as the cost of living crisis began to take hold, after Tesco had warned of the future impact of rising costs and inflation in its annual report. Tesco and Sainsbury’s both saw their share prices drop following the latest update,…
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13 April
Tesco sees profits treble but warns of soaring inflation costs
Tesco has revealed its pre-tax profits more than doubled to more than £2bn, up from £636m last year, for the year ending February 26, but warned of “significant uncertainties” and said performance would be affected by the investment needed to keep prices down. Meanwhile, total revenues jumped by 6% from…
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12 April
M&S commits to lower prices amid cost of living crisis
M&S has committed to lowering the prices of everyday products in a bid to ease the pressure of the unfolding cost of living crisis. The retailer is set to lower prices within its Remarksable range, with a focus on everyday staples, including semi-skimmed milk, sliced bread, beef mince, spaghetti and…
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8 April
Tesco colleagues to see 5.8% pay rise to £10.10
Tesco has unveiled a £200m investment which will see Customer Fulfilment Centre (CFC) colleagues benefit from a 5.8% increase in hourly rates from £9.55 to £10.10, effective from 24 July 2022. Tesco said the pay increase is the biggest single-year investment in hourly store/CFC pay in at least a decade,…
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8 April
CD&R offers to sell petrol stations in bid to push through Morrisons deal
CD&R has offered to sell a number of its petrol forecourts in order to push through its £7bn acquisition of Morrisons and receive approval from the Competition and Markets Authority (CMA). It comes as CD&R is also the owner of the Motor Fuel Group (MFG), the largest independent operator of…
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8 April
Co-op profits drop 57% amid food supply disruptions
The Co-op Group has reported its underlying profits dropped 57% year-on-year in FY21 from £235m to £100m, marking a loss of £32m amid reduced availability of certain products in the group’s food stores following the effect of Covid on global supply chains. Pre-tax profits also fell 55% from £127m in…
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7 April
Waitrose expands nationwide partnership with Deliveroo
Waitrose has announced it is expanding its partnership with Deliveroo by adding over 70 new Waitrose locations by the summer in a bid to meet “strong” customer demand for grocery delivery. The next phase of expansion means that for the first time, Waitrose will be available on Deliveroo in almost…
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6 April
ASA bans Lidl’s ‘misleading’ Tesco comparison ads
Two Lidl adverts showing how customers can make big savings at the supermarket compared to Tesco have been banned following a complaint from rival discounter Aldi. The two adverts in question ran in Scotland and claimed that customers can save over 35% and over 30% respectively at Lidl, compared to…
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