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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Jul- 2023 -18 JulySupermarkets
Supermarkets see largest drop in grocery price inflation since its peak
Grocery price inflation has seen its steepest decline since inflation peaked in March this year, falling 1.6 percentage points to 14.9% in the four weeks to 9 July 2023, according to the latest data from Kantar. It comes as take-home grocery sales over the same period grew by 10.4% compared…
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18 JulySupermarkets
Supermarkets willing to back fuel price checker to drive down prices
Energy Secretary, Grant Shapps revealed yesterday (17 July 2023) that supermarkets and retailers have agreed to back a fuel price checker to drive down prices for motorists, according to the Sun. As part of the scheme, Tesco, Asda, Sainsbury’s and Morrisons will share cost data with the public by next…
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17 JulySupermarkets
Grocery prices soar more than 25.8% in two years, says Which?
The price of groceries at supermarkets has gone up 25.8% since the cost of living crisis began, according to new data by Which? Which? looked at the prices of more than 21,000 food and drink products at eight major supermarkets – Aldi, Asda, Lidl, Morrisons, Ocado, Sainsbury’s, Tesco and Waitrose…
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14 JulySupermarkets
MPs to quiz Asda boss on fuel price competition
Members of Parliament are set to question Mohsin Issa, co-owner of Asda, on comments from one of his lieutenants over the group’s fuel price strategy, according to reports from Reuters. The Common’s Business and Trade Committee have said they are concerned about discrepancies between statements from chief commercial officer Kris…
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11 JulyNews
Waitrose announces partnership with UberEats
Waitrose has announced plans to grow its position in on-demand grocery shopping and the convenience sector with a new multi-year partnership with UberEats. The partnership has now launched on the UberEats platform in five initial London stores, including John Barnes in Finchley Road, West Hampstead, Clerkenwell, St Katharine Docks and…
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11 JulyProperty
British Land praises ‘winning’ retail park format ahead of AGM
British Land chief executive, Simon Carter, has said that retail parks “continue to be a winning retail format” due to their affordability, omnichannel compatibility and low capex requirements ahead of the group’s AGM. This comes as the retail park format continues to perform strongly for British Land, with occupancy reaching…
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10 JulySupermarkets
Iceland expects profits to hit 10-year high
Iceland expects to deliver its “highest” profit in over a decade due to its increased focus on value and cost-saving measures, The Times has reported. According to The Times, Iceland told bondholders last week that it was “confident” this year’s underlying profit will be its strongest in 10 years, exceeding…
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7 JulyNews
ProCook appoints new CEO
ProCook Group plc, the UK’s direct-to-consumer specialist kitchenware brand, has announced the appointment of Lee Tappenden as the group’s CEO. The news comes after Daniel O’Neill’s indication earlier this year of his intention to step back from the CEO role, as set out in the group’s preliminary results announcement on…
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6 JulySupermarkets
Asda owner to face committee over inflated fuel prices
The Commons business and trade committee has reportedly informed Asda owner Mohsin Issa about “apparent discrepancies” in the price of petrol fuel pricing at the supermarket chain and has asked the businessman to appear on 19 July, according to The Telegraph. The chairman of the committee, Darren Jones, said that…
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4 JulySupermarkets
CMA issues £60,000 fine to Asda over fuel price probe failure
The Competitions and Market Authority (CMA) has fined Asda £60,000 for failing to provide information for its fuel pricing probe when required. Asda received two fines each of £30,000, for sending a representative to attend a compulsory CMA interview who was not equipped to provide evidence on certain topics and…
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