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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Sep- 2024 -5 SeptemberNews
Asda becomes first supermarket to sell refurbished TVs
Asda has announced that customers in six locations will now be able to purchase refurbished TVs in a first for a UK supermarket. The retailer has refurbished three models of returned HD LED Smart Sharp and Polaroid TVs at its ERC (electrical returns centre) using recycled materials and they will…
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2 SeptemberNews
Asda Rewards to donate millions to UK primary schools
Asda has announced that it is making millions of pounds available to UK primary schools by encouraging families to use its loyalty programme Asda Rewards. In a new campaign fronted by Joe Wicks, the supermarket is offering to donate 0.5% of the value of any shop done at Asda until…
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Aug- 2024 -13 AugustNews
Today’s news in breif-13/8/24
UK wage growth has fallen to a two-year low, with wages excluding bonuses growing by 5.4% in the three months ending June 2024, the lowest since 2022, according to the Office for National Statistics. Factoring in inflation, wage growth drops to 3.2%. Public sector pay rose by 6%, while private…
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13 AugustSupermarkets
Sainsbury’s sees biggest market share gain since 1997
Take-home sales at the grocers rose by 3.8% in the four weeks to 4 August 2024 compared with a year ago, as Sainsbury’s also saw its largest market share gain since 1997, according to the latest data from Kantar. Sainsbury’s market share increased 0.5 percentage points over the 12 weeks…
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12 AugustNews
Today’s news in brief-12/8/24
Asda’s chair, Lord Rose, expressed embarrassment over the supermarket’s recent performance, citing a 5.3% drop in like-for-like sales and a market share decline from 14.8% to 12.7%. He suggested it might be time for co-owner Mohsin Issa to reduce involvement. Asda has initiated a £50m store upgrade and £30m investment…
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12 AugustSupermarkets
Asda chair ‘embarrassed’ by recent performance
Asda chair Lord Rose has stated that he is “embarrassed” by the supermarket’s performance and indicated it could be time for co-owner Mohsin Issa to step back his involvement. Last week, the supermarket saw its like-for-like sales drop 5.3% in Q2 while its market share fell to 12.7%, it was…
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9 AugustNews
Today’s news in brief-9/8/24
Recent riots and protests across UK towns have significantly deterred shoppers, leading to a 4.8% decrease in footfall across high streets and retail destinations. Regional cities like North Yorkshire and the West Midlands were hardest hit, experiencing declines as steep as 12.9%. The Retail Trust has reported an increase in…
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9 AugustSupermarkets
Asda revenues fall 2.2% in Q2
Asda has revealed that its total revenues fell 2.2% excluding fuel, to £5.3bn for the three months ended 30 June 2024 with like-for-like sales 5.3% lower. Despite this, Asda delivered total revenue growth, excl. fuel, of 2% in H1, with a 2.1% decline in LFL sales. The supermarket also increased…
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1 AugustSupermarkets
Asda co-owner to invest £30m amid weakening market share
Asda co-owner Mohsin Issa will reportedly invest £30m into the supermarket chain in a bid to mitigate its loss of market share, The Telegraph has revealed. It is understood that the investment will be made before the end of the year and will aid the retailer in increasing staffing hours…
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Jul- 2024 -30 JulyNews
Today’s news in brief-30/7/24
Andrew Keith, CEO of Selfridges, has announced his departure to pursue new ventures, marking the end of his tenure characterised by navigating challenges including the pandemic and ownership changes. André Maeder will succeed him as CEO of Selfridges Group in the UK, focusing on innovation and customer experience amid potential…
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