Asda
This coverage explores Asda’s strategy, operations, and performance within the UK grocery and retail sector. Reporting highlights store and online developments, product ranges, pricing strategies, financial results, leadership decisions, and sustainability initiatives. With a focus on commercial outcomes and competitive positioning, it provides insights for retail professionals managing grocery, value-driven, and multi-channel operations.
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Nov- 2024 -12 NovemberNews
Asda appoints interim vice president of online
Asda has announced the appointment of Barney Burgess as vice president of online on an interim basis until David Devany joins the business next year. Barney brings over 25 years’ broad expertise across retail, consumer and financial services sectors, both in the UK and internationally. This includes five years running…
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11 NovemberSupermarkets
Tesco to face £1bn increase to NI bill following Labour’s Budget
Tesco is expecting to see an increase of £1bn in its national insurance bill over the next four years following Labour’s Autumn budget, according to the Times. The chancellor Rachel Reeves has increased Employers’ National Insurance contributions in a bid to help raise as much as £40bn in taxes, pledging…
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11 NovemberSupermarkets
Asda eyes more job cuts as Q3 sales fall 4.8%
Asda is reportedly planning further job cuts after confirming last week that some 475 roles in its Leeds and Leicestershire offices will be made redundant, according to The Telegraph. It comes as the retailer has reported a 2.5% decline in total revenues in the third quarter to £5.3bn excluding fuel,…
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7 NovemberNews-In-Brief
Today’s news in brief
Asda announced plans to cut 475 head office roles and reduce hybrid work arrangements, requiring staff to be in the office at least three days per week from January 2025. This decision is part of a turnaround strategy aimed at streamlining the company’s structure amidst challenging market conditions. The layoffs,…
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7 NovemberSupermarkets
Asda to cut 475 head office roles and reduce hybrid working
Asda has confirmed that it is set to cut 475 jobs from its head offices in Leeds and Leicestershire, whilst also ordering staff back to the office as part of a turnaround plan for the group. The supermarket is set to reduce hybrid working for office staff, mandating that employees…
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4 NovemberNews-In-Brief
Today’s news in brief-4/11/24
Asda co-owner Mohsin Issa and partner Victoria Price have taken a substantial stake in the Manchester-based secondhand clothing platform GoThrift through their new investment fund, Boulder Investco. Established to support high-growth UK startups, Boulder Investco has also committed £10m to the Liverpool-based protein supplement company Applied Nutrition. Issa, a key…
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4 NovemberClothing & Shoes
Mohsin Issa backs GoThrift through new start-up investment fund
Asda co-owner Mohsin Issa, and his partner Victoria Price, have reportedly taken a significant stake in Manchester-based secondhand clothing website, GoThrift, to back its expansion, according to The Telegraph. GoThrift runs an online fashion store where shoppers can buy vintage clothing. It was originally founded by three friends in 2019…
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Oct- 2024 -28 OctoberNews
Asda raises £4m for primary schools across UK
Asda’s Cashpot for Schools initiative, launched on 2 September, has raised £4m for primary schools across the UK. The industry-first campaign sees the retailer donate 0.5% of the value of its customers’ shopping to a primary school of their choice every time they shop using Asda Rewards – with £7.5m…
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23 OctoberNews-In-Brief
Today’s news in brief-23/10/24
Chancellor Rachel Reeves is reportedly considering imposing higher taxes on Amazon as part of a broader effort to support British high streets, which have been struggling to compete with online giants. The proposed measures could come after her upcoming autumn budget, which is expected to introduce tax hikes and spending…
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23 OctoberPeople Moves
Asda bolsters leadership team with new senior hires
Asda has appointed two new senior leaders to help drive its growth ambitions in 2025. The supermarket giant has named Lauren Lepley as vice president Central Operations and Mark Henry will join in January from M&S as vice president Retail South, with responsibility for Asda’s southern store operations. Both Lepley…
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