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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Jan- 2024 -15 JanuaryNews
Today’s news in brief-15/1/24
Shein, the fast-fashion brand, is reportedly facing delays in its plan to go public on the US stock exchange due to the need for approval from a Chinese regulator. The approval process is expected to be lengthy, and Shein is also expected to face stricter scrutiny from US regulators. The…
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15 JanuaryFeatures
Which supermarkets performed the best over Christmas?
According to data from Kantar, Britons made 488 million trips to the supermarkets over the Christmas period, marked out as the four weeks ended 24 December. That number is 12 million more than last year and the largest Christmas period since 2019. This was mildly surprising in a year that…
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15 JanuarySupermarkets
Asda trials four-day week in bid to stamp out manager revolt
Asda is trialling a four-day week in a bid to “stamp out revolt” amongst the supermarket’s store managers following a rise in staff turnover, The Telegraph has reported. The business is reportedly looking to rebuild relations with senior staff after ongoing cost cuts and concerns over company culture have led…
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5 JanuaryNews
Today’s news in brief-5/1/24
Asda and Usdaw have signed a collective bargaining agreement, enabling the union to represent hourly-paid employees in convenience stores and Leon restaurants acquired from EG Group. Usdaw will negotiate on pay, hours, and holidays annually for employees across 356 convenience stores and 77 Leon restaurant sites. Asda’s Chief People and…
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5 JanuarySupermarkets
Asda and Usdaw sign collective bargaining agreement
Asda and Usdaw have signed a collective bargaining agreement that will see the union represent hourly-paid employees in the convenience stores and Leon restaurants that Asda acquired from EG Group. Following the agreement, Usdaw will negotiate on pay, hours and holidays annually for those employed in 356 convenience stores and…
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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…
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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…
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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…
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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…
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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…
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