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.
-
Jan- 2024 -3 JanuaryNews
Today’s news in brief- 3/1/24
Asda has appointed Matt Kelleher, former Chief Information Officer at Morrisons, as its first Chief Digital Officer. Kelleher will be responsible for data and ecommerce functions, leading all technology functions after completing the ongoing technology transformation project ‘Future.’ This move is part of Asda’s long-term ambition to become the UK’s…
Read More » -
3 JanuarySupermarkets
Supermarkets see highest December transactions since 2019
Britons made 488 million trips to the supermarkets over the four weeks to 24 December, 12 million more than last year and the largest number at Christmas since 2019. According to data from Kantar a record £13.7 bn passed through the tills, with the average household spending an all-time high…
Read More » -
3 JanuaryPeople Moves
Asda appoints new chief digital officer from Morrisons
Asda has appointed Matt Kelleher as its first chief digital officer with the aim to evolve how it uses data to improve its customer offer, as part of its long-term ambition to be the UK’s second largest grocery retailer. Kelleher will join the supermarket in July from Morrisons, where he…
Read More » -
Dec- 2023 -20 DecemberNews
Today’s news in brief-20/12/23
New figures from the Office for National Statistics (ONS) reveal that UK inflation has decreased to 3.9% in the year to November, marking a two-year low. The rate fell from 4.6% in October, below expectations. The ONS attributes this decline to factors such as lower fuel prices, reduced prices for…
Read More » -
20 DecemberSupermarkets
Asda’s interest bill to exceed £400m
Asda is set to see its debt interest bill exceed £400m by early next year as a result of rising interest rates. The company’s chief financial officer Michael Gleeson told the Business and Trade Committee that its debt bill would rise by up to £30m by February. This is because…
Read More » -
19 DecemberNews
Today’s news in brief
South Korean e-commerce giant Coupang has reportedly reached an agreement to acquire Farfetch in a $500m rescue deal. The transaction involves a bridge loan to Farfetch and negotiations with a group of debtholders holding a significant portion of Farfetch’s term loan. The London-based luxury retailer is expected to undergo acquisition…
Read More » -
19 DecemberNews
Asda opens 81 Express stores ahead of Christmas
Asda has opened a record 81 new Asda Express stores in December in a bid to bring Asda value to even more communities ahead of Christmas. The conversions of its recent acquisition of Co-op and EG UK sites, alongside the opening of eight standalone Asda Express stores, brings the total…
Read More » -
14 DecemberNews
Retailers urge government to reform Apprenticeship Levy
Three leading trade bodies and seven food retailers are calling for urgent action to reform the broken Apprenticeship Levy system and address the “critical and persistent” labour shortages in the food supply chains. In a letter sent to the government, the British Retail Consortium (BRC), the National Farmers Union (NFU)…
Read More » -
11 DecemberNews
Today’s news in brief-11/12/23
November proved to be a challenging month for UK retailers, with Black Friday discounts failing to uplift sales, according to figures from accountancy firm BDO. Despite a positive start with a 4.7% increase in week one, like-for-like sales in November declined by 0.3% compared to the previous year. The fashion…
Read More » -
11 DecemberSupermarkets
Asda lorry strikes could lead to Xmas food shortages, union warns
Asda may face food shortages over the festive period following strike action amongst its lorry drivers. It comes as Unite confirmed that around 80 HGV drivers, employed by Wincanton on an Asda contract, will strike over the Christmas period at the supermarket’s Rochdale operations hub. The union confirmed drivers will…
Read More »
