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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Jun- 2024 -7 JuneSupermarkets
TDR Capital to become majority owner of Asda as Zuber Issa exits
TDR Capital is set to become the majority owner of Asda, announcing that it has agreed to acquire Zuber Issa’s shares in the supermarket. Mohsin Issa will remain a co-owner in Asda alongside TDR Capital, and the ownership of Asda is now 67.5% by TDR Capital, 22.5% by Mohsin Issa, and…
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5 JunePeople Moves
Asda appoints Lidl COO to lead store operations
Asda has appointed Matt Heslop to lead its stores and depots operation, including the 470 convenience stores in its newly-established Asda Express division. Heslop joins from Lidl where he is currently chief operating officer. He has spent over 20 years with the discount retailer in various senior operational roles. Asda said…
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4 JuneNews
Today’s news in brief-4/6/24
UK retail sales experienced a slight increase of 0.7% in May, marking a modest improvement compared to the 3-month average growth of 0.3%, yet falling short of the 12-month average growth of 2.0%. Food sales saw a notable year-on-year rise of 3.6% over the three months leading to May, though…
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4 JuneTechnology
Asda trials generative AI with Harley partnership
Harley, a London-based company developing a real-time Generative AI (GenAI) platform for data-driven decision-making, revealed it has trialled a successful proof of concept with Asda, one of the UK’s leading retailers. Harley said its platform provides Asda’s leadership with live, actionable insights, enabling executives to “make quicker and more informed…
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May- 2024 -31 MayNews
Today’s news in brief-31/5/24
UK supermarkets experienced a 3.3% sales boost in May, attributed to a brief period of warm weather which saw increased sales in items such as ice cream, cider, pre-mixed alcoholic drinks, and mineral water. Visits to stores increased by 2.8%, adding 14.3m visits compared to the previous year, while online…
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31 MaySupermarkets
Supermarkets enjoy 3.3% sales boost in May
Total Till sales at UK supermarkets remained strong at +3.3% growth for the four weeks ending 18 May 2024, according to new data released today by NIQ. This is in line with figures reported last month (+3.4%) and is attributed to the brief period of hot weather during the week…
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30 MayNews
Today’s news in brief-30/5/24
Marks & Spencer (M&S) has appointed Alison Dolan as its new chief financial officer, succeeding interim CFO Jeremy Townsend, who will remain until May 2025. Dolan, currently the CFO at Rightmove, brings extensive experience from roles at News UK and Sky. M&S CEO Stuart Machin praised Dolan’s background in fast-paced,…
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30 MaySupermarkets
Asda launches £50m store upgrade programme
Asda has announced the launch of a £50m store upgrade program, which aims to improve the design and shopping experience across 170 of its stores. As part of the program, 50 larger stores will receive major upgrades, including the introduction of new in-store services and features. This will include a…
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21 MayNews
Today’s news in brief-21/5/24
Zuber Issa is poised to acquire the UK arm of EG Group, a move indicating the Issa brothers’ business paths are diverging. This acquisition excludes Cooplands bakery, certain Starbucks outlets, and EG’s electric vehicle charging business, Evpoint, with the deal expected to conclude by late June. Additionally, Zuber Issa is…
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21 MayProperty
Zuber Issa set to acquire EG Group UK arm
Zuber Issa is set to acquire the UK arm of EG Group showing further signs of the Issa brothers business interests diverging. The deal excludes the Cooplands bakery, some Starbucks stores, and EG’s electric vehicle charging business Evpoint and is set to be finalised by the end of June. The…
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