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.
-
Dec- 2023 -5 DecemberSupermarkets
December to see £13bn in grocery sales for first time, Kantar says
Take-home grocery sales are expected to surpass £13bn for the first time ever this December, according to marketing data and analytics company Kantar. It comes as its latest figures found that sales grew by 6.3% over the four weeks to 26 November 2023 to reach £11.7bn. Kantar said the cost…
Read More » -
Nov- 2023 -30 NovemberNews
Today’s news in brief-30/11/23
Castore has successfully secured a £145m investment in a funding round led by Raine Partners. This investment aims to further disrupt the premium sportswear market and expand the brand’s global reach. Castore plans to develop its product range, enhance infrastructure, and invest in its people. The company, on track for…
Read More » -
30 NovemberNews
EG Group EBITDA falls to $345m in Q3 following Asda acquisition
EG Group, the global food services and petrol forecourts operator, has revealed that its EBITDA dipped 18% to $345m (£272m) in Q3 2023. The group attributed the decline to the impact of lower fuel volumes and a competitive environment in the quarter, as well as comparisons with the exceptional fuel…
Read More » -
17 NovemberFeatures
Tim Mason: ‘This will be an Omnichannel Christmas’
Can you tell us a little bit about your career in retail? I started out at Unilever in 1979, before joining Tesco from 1982 to 2012. During that time, I held a variety of senior management positions, including being UK CMO, CEO of Fresh and Easy LLC, and eventually deputy…
Read More » -
15 NovemberNews
Today’s news in brief-15/11/23
Central Group, a Thai conglomerate and co-owner of Selfridges, has reportedly become the largest shareholder by converting a €364m loan into equity. This move follows reports of financial troubles at Signa Group, the other key shareholder. Restructuring efforts were initiated due to rising borrowing costs and falling property valuations. Selfridges,…
Read More » -
15 NovemberSupermarkets
Asda cuts debt as Q3 sales slow
Asda has announced that it has shaved £300m off its debt pile during the third quarter of the year while also revealing it has seen its sales slow during the period. In the three months to the end of September, the supermarket paid off the £200m loan it took out…
Read More » -
14 NovemberSupermarkets
Sainsbury’s, M&S and Currys call for business rates freeze
Supermarket retailers such as Sainsbury’s, M&S and Currys have urged the chancellor to freeze business rates for all retail businesses at the forthcoming Autumn Statement. According to the British Retail Consortium, as things stand, business rates for retailers in England alone will increase by 6.7% next April, which represents an…
Read More » -
8 NovemberNews
Today’s news in brief-8/11/23
JD Sports is facing scrutiny over a £3.5m non-compete deal with its former CEO, Peter Cowgill. This agreement, signed in September of the previous year, was intended to prevent Cowgill from working with or advising competitors for the next two years. However, it has come to light that Cowgill has…
Read More » -
8 NovemberHigh Street
Poundland expands clothing offering across UK&I
Poundland owner Pepco Group has completed the transition to new clothing ranges at the discount retailer, bringing its family fashion offer to 560 stores across the UK and Ireland, including all 56 former Wilko locations that have now reopened. The transition, which took place over the last eight weeks, meant…
Read More » -
7 NovemberSupermarkets
Grocery price inflation hits single digits for first time this year
Grocery price inflation has fallen below 10% for the first time since July 2022 and now sits at 9.7% for the four weeks to 29 October 2023, according to the latest data from Kantar. It comes as take-home grocery sales over the same period rose by 7.4% compared with last…
Read More »
