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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Mar- 2022 -24 March
McColl’s CEO steps down amid funding troubles
McColl’s Retail Group plc has announced that Jonathan Miller has stepped down from his role as chief executive officer (CEO) and from the board. The search to appoint a new CEO is in progress and pending the appointment, Angus Porter, currently non-executive chairman of the group, has assumed the role…
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23 March
Morrisons drafts in advisors for McColl’s options
Morrisons has reportedly drafted in City advisers to help it weigh up options for the future of its convenience store partner, McColl’s Retail Group, according to Sky News. The outlet reported Morrisons has appointed Houlihan Lokey to explore options regarding the future of the “embattled” convenience retailer. Morrisons, which is…
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21 March
Asda unveils largest Asda On the Move store
Asda has unveiled its largest store on an EG Group petrol filling station to date with the opening of a 5,000 square feet Asda On the Move store in Nottinghamshire. The new store offers over 2,500 Asda own brand and branded items, including Extra Special, fresh and chilled products, alongside…
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18 March
Ocado lowers growth forecast amid drop in Q1 sales
Ocado Retail Ltd has announced its revenues dropped 5.7% year-on-year in the 13 weeks to 27 February 2022 (Q1) to £564.7m, and the group said that while revenue growth for the year should be in the high-teens, the forecast has dropped to 10%. The announcement comes amid uncertainties over inflation…
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15 March
Aldi offers employment to refugees from Ukraine
Aldi has announced it is welcoming applications from Ukrainian refugees with over 8,000 roles available, subject to their eligibility for UK employment. The vacancies span a range of roles including assistant store manager, store assistant, stock assistant, selector, logistics assistant, as well as other office-based administration roles. Overall, Aldi has…
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14 March
McColl’s celebrates 200th Morrisons Daily store opening
McColl’s Retail Group plc has reached the “strategic milestone” of opening its 200th Morrisons Daily store with the conversion of the McColl’s store at Southport. The rollout of Morrisons Daily stores is a “key component” of McColl’s’ strategic focus on food-led convenience, driving incremental sales and sales-mix improvement across the…
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11 March
M&S appoints new leadership team amid transformation
Marks and Spencer (M&S) has revealed a series of new appointments to “accelerate” progress in its transformation following the announcement yesterday that Steve Rowe is standing down as chief executive officer on 25 May. As part of the planned succession process, Stuart Machin will become chief executive and will take…
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10 March
Steve Rowe to step down as M&S CEO
Marks and Spencer (M&S) has revealed that Steve Rowe will stand down as chief executive officer (CEO) as part of a planned succession programme after six years in the role, effective 25 May. Rowe will also cease full-time employment with the business on 5 July, although he has agreed to…
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7 March
Asda donates £1m to Ukraine and axes Russian products from shelf
Asda and its charity, the Asda Foundation, has announced it is providing immediate support for displaced Ukrainian families in Europe and the UK in the aftermath of the Russian invasion through a £1m support package. The package includes pledging £100k in Asda Foundation support to national UK-based refugee support groups…
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4 March
M&S suspends shipments to Russian businesses
Marks and Spencer (M&S) has revealed it has suspended shipments to its Turkish franchisee’s Russian business. The announcement comes amid the humanitarian crisis following Russia’s invasion of Ukraine. Additionally, M&S are building on its existing support for Unicef UK’s Ukraine appeal with a £1.5m package to support the UN Refugee…
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