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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Oct- 2024 -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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15 OctoberHigh Street
Poundstretcher bolsters leadership team with host of senior appointments
Poundstretcher has announced a series of senior appointments within its commercial and store operations teams to help fuel its growth plans. Miles Foster joins the executive team as group operations director after a 35-year career at Morrisons. In his new role, he will lead over 300 stores and oversee the stores…
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2 OctoberSupermarkets
Booths narrows pre-tax losses to £1.6m
Supermarket chain Booths has narrowed its losses from £4.0m in 2023 to £1.6m and has reported a 6.7% rise in sales to £318.7m for the year ending 30 March 2024. The group attributed the performance to increased footfall and basket spend, partly due to inflation and the benefit of an…
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Sep- 2024 -24 SeptemberNews
Today’s news in brief-24/9/24
Harrods has launched an internal investigation to determine if any current staff were involved in allegations of rape and sexual assault made against its former owner, Mohamed Al Fayed. The inquiry follows a BBC documentary and podcast titled Predator at Harrods, which detailed claims made by multiple women who worked…
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24 SeptemberSupermarkets
Over 150 MPs call on Asda to end equal pay dispute
More than 150 MPs have written to Asda bosses calling for them to end an ongoing equal pay dispute, the GMB Union has said. According to the union, 159 MPs have written to majority owner TDR Capital urging it to settle the legal battle, which has seen “tens of thousands” of…
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19 SeptemberPeople Moves
Stuart Rose to lead Asda as Mohsin Issa steps back
Asda has announced that Mohsin Issa is set to step down from his executive responsibilities at the supermarket to focus on his previously-announced role as sole CEO of EG Group. Chair Stuart Rose will assume his responsibilities alongside Rob Hattrell, a partner at TDR Capital and a director on the…
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13 SeptemberNews
Today’s news in brief-13/9/24
Logistics UK warned that new EU fingerprint and facial recognition checks for non-EU passengers at Dover could cause delays, impacting fresh food deliveries crucial for Christmas. The Entry/Exit System (EES) implementation from November 10, 2024, threatens significant disruptions, prompting calls for public awareness campaigns. The British Retail Consortium (BRC) asserted…
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13 SeptemberPeople Moves
Boots UK appoints new MD
Boots has announced that Anthony Hemmerdinger has been appointed as managing director of Boots UK and Ireland, effective from 4 November 2024. His appointment, which followed a “thorough” search process, comes as Seb James plans to step down from the MD role after six years. Hemmerdinger is currently the Retail and…
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6 SeptemberGovernment
CBI boss calls for gov to fix ‘antiquated’ rates system
CBI CEO Rain Newton-Smith has called on the government to fix the “antiquated” business rates rules in England to boost investment and grow the economy. Ahead of the Autumn Budget, the CBI convened firms from 12 sectors, including retail and manufacturing, to develop cross-economy solutions for a competitive and transparent…
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