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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Mar- 2023 -22 MarchNews
Asda expands Claire’s partnership to 500 locations
Accessories and jewellery retailer Claire’s is partnering up with supermarket chain Asda to bring Claire’s products to more than 500 Asda stores across the UK. The partnership comes after a successful initial ‘test and learn’ with 10 stores in October 2020, which has now been expanded. This partnership will allow…
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22 MarchElectrical
Currys raises staff pay for fourth time in 18 months
Currys has announced an additional rise for hourly paid store colleagues in the UK from £10.35 per hour to £10.50, the fourth rise in the last 18 months. The retailer also revealed that the average store colleague bonus is 89p per hour, with top earners making up to £3 per…
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20 MarchAnalysis
Private equity is changing supermarkets
After being dethroned as one of the Big Four supermarkets by Aldi in late 2022, Morrison’s most recent blow came in the shape of £1.5bn worth of losses one year after being acquired by Clayton, Dubilier and Rice (CD&R) in October 2021 for £7bn with a debt-led takeover. Morrisons, which…
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15 MarchNews
Asda’s purchase of Co-op’s petrol stations could increase prices, CMA finds
The Competition and Markets Authority (CMA) has revealed that Asda’s acquisition of 132 petrol stations owned by Arthur Foodstores Limited could cause competition concerns in 13 UK locations. Arthur is a special purpose transaction vehicle created by Co-operative Group Limited, the Co-op, to sell its 132 petrol stations, with attached…
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13 MarchSupermarkets
Issa brothers mull sale of Asda properties as debt costs rise
The Issa brothers are reportedly planning to explore a sale of Asda’s £8.6bn property estate in a bid to tackle its rising debt costs. According to The Telegraph, property experts have been drafted in to “assess the prospects for the supermarket’s estate”. However, it is believed the Asda owners, who…
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10 MarchProperty
EG Group revenues jump 25% to $33bn
Asda owners the Issa brothers’ EG Group has revealed its full-year revenues surged 25% to $33.04bn (£22.5bn), which it said was boosted by the contribution of recent acquisitions. For the full year ended 31 December 2022, the group’s EBITDA increased by 1.9% to $1.46bn (£1.28bn). It said its foodservice business…
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8 MarchElectrical
MusicMagpie FY profits fall despite record Black Friday sales
MusicMagpie has seen its profits fall by 14% from £44m to £38m in FY22 despite record sales on the week of Black Friday. Moreover, the company more than doubled its active rental subscribers to 30,500 up from 13,500 in 2021. Its revenue from consumer technology was up 12.2% to £96.6m…
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8 MarchSupermarkets
Poundland launches new price comparison campaign
Poundland is reportedly set to launch a new price comparison campaign that will see it compete as an alternative to larger supermarkets, The Grocer has reported. According to reports, in-store posters around its stores have shown the group comparing its prices to the likes of Asda, Morrisons and Wilko. A…
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Feb- 2023 -27 FebruarySupermarkets
Supermarket bosses set for talks with gov over food shortages
The government has reportedly summoned the UK’s supermarket bosses for talks in order to find a solution to stop food shortages across the UK. According to the Sun on Sunday, Food Minister Mark Spencer is to host talks with bosses in order to avoid food shortages which has caused a…
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22 FebruarySupermarkets
Asda and Morrisons ration fruit and veg amid supply shortages
Asda and Morrisons have restricted the amount of certain fruit and vegetables that customers can purchase amid ongoing supply shortages for fresh produce. Asda has limited tomatoes, peppers, cucumbers, lettuce, salad bags, broccoli, cauliflower and raspberries to three of each item per customer. Similarly, Morrisons said it would introduce a…
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