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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Aug- 2023 -31 AugustSupermarkets
Asda owners eye £500m property deal
The Issa brothers could reportedly offload a further “chunk” of Asda’s property portfolio to an Australian finance house in a deal estimated to be around £500m. According to React News, Macquarie Asset Management is close to acquiring ground rent leases linked with around 50 Asda stores in the UK. A…
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24 AugustNews
Asda announces £23m investment to lower its prices
Asda has recently announced price cuts on 425 branded and own-label products as part of its continued support for families impacted by the cost of living crisis. The supermarket is investing £23m to lower prices by an average of 11% on some of the most popular products bought by customers…
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17 AugustPeople Moves
Walmart International boss to step down
Walmart has announced its International president and CEO Judith McKenna is to step down from her role in order to retire after 27 years with the company. Walmart confirmed that Kath McLay will become the president and CEO of Walmart International and Chris Nicholas will become the president and CEO…
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16 AugustSupermarkets
Asda sales up 9.6% to £5.4bn in Q2
Asda saw like-for-like sales increase 9.6% to £5.4bn in the second quarter, a 1.8% increase on the previous quarter as the retailer continues to “focus on supporting families during the cost-of-living crisis”. The company has attributed its performance to its continued investment in low prices and improved quality, which has…
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15 AugustSupermarkets
Supermarket sales slow as inflation falls
Overall take-home grocery sales increased by 6.5% in the four weeks to 6 August 2023, down from 10.4% last month, as grocery price inflation fell by 2.2 percentage points to 12.7%, according to the latest results from Kantar. Kantar revealed that the prices of some staples like milk have edged…
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2 AugustSupermarkets
Asda to display daily fuel prices online
Asda has today (2 August) become the first UK supermarket to publish local fuel prices online, allowing motorists to check the price of petrol or diesel before they get in their car. This comes as the supermarket chain has confirmed that fuel prices at each filling station will be available…
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Jul- 2023 -28 JulyPeople Moves
Superdry appoints new chief operating officer
Superdry has announced the appointment of Shaun Packe as the retailer’s new chief operating officer. His appointment follows the departure of Silvana Bonello from the role, as part of the company’s turnaround strategy to secure fresh funding. Bonello, who joined Superdry in March 2021, was responsible for strategic planning, deployment,…
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26 JulyFeatures
From Tesco to tiles: The eight largest mergers and acquisitions of 2023
This year has seen a large number of M&A deals in the retail industry. In fact, the number of UK retail merger and acquisition deals increased by 23% in the last year, a five year high, according to data from law firm RPC. With more and more retailers looking for…
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21 JulyNews
Retail competition not responsible for high food inflation, CMA finds
A new report from the Competition and Markets Authority (CMA) has found that high food price inflation has not been driven by retail competition. Over the past two months, the CMA has assessed how retail competition is working in the UK grocery sector, particularly between supermarkets such as Asda, Morrisons,…
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20 JulyNews
Asda cuts prices on more than 200 products
Asda has announced price cuts on more than 200 own-label products as part of its ongoing support to help families during the cost-of-living crisis. The 226 products, which have been reduced in price by an average of 9%, include a host of fresh fruit and vegetables, frozen meat and fish…
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