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- 2022 -4 JulySupermarkets
Supermarket Income acquires four supermarkets in £82.9 deal
Supermarket Income REIT plc, a real estate investment trust, has announced it has acquired two supermarket sites for a total purchase price of £82.9m. The company has purchased a Tesco superstore, Marks and Spencer Foodhall and an Iceland in Chineham, Basingstoke, and an Asda supermarket in Carcroft, Doncaster. The 18.7…
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Jun- 2022 -27 JuneGovernment
Asda joins retailers in rejecting online sales tax
Asda has reportedly told the government that introducing an online sales tax (OST) will harm retailers and shoppers that are already affected with rising inflation, according to The Daily Express. The supermarket chain was one of a number of retail groups to meet with Lucy Frazer, the financial secretary to…
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24 JuneEconomy
Inflation drives disposable income to ‘lowest ever level’
Household discretionary income has fallen -17.2% in May to £41.94 a week (equivalent to £167.76 per month), marking another “record” low and the seventh consecutive month where discretionary income for the average UK household has dropped. According to Asda’s Income Tracker, 20% of households now have ‘negative discretionary income’, meaning…
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20 JuneEconomy
Boots takeover in doubt amid financing struggles
There are reportedly growing concerns that the proposed takeover of Boots could collapse as the ongoing cost-of-living impacts prospective buyers and lenders. According to The Sunday Times, the news comes as New York-based Apollo and Mukesh Ambani reportedly teamed up with a bid of £5.5bn earlier this month – which…
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20 JuneSupermarkets
Asda paid £375m interest in takeover deal, accounts show
Asda reportedly paid £375.1m in interest as a result of its £6.8bn takeover deal last year according to recent accounts, The Times has reported. According to the paper, its new owners have not yet taken any dividends from the business, yet due to the £4.06bn of debt used to finance…
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17 JunePeople Moves
New Look appoints new CEO
New Look has announced that Helen Connolly has been appointed as its chief executive officer. Connolly has replaced Nigel Oddy as CEO after it was previously revealed he would be stepping down from the role on 6 June. Connolly was the former chief executive officer of Bonmarché for four years…
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17 JunePeople Moves
TDR snaps up eBay’s head of Europe
Asda owner TDR Capital has reportedly snapped up eBays head of Europe to become a partner at the firm from this Autumn. According to Retail Week, Rob Hatrell is set to take up the position at the Big Four grocer owner following three years of leading the online retail marketplace’s…
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15 JunePeople Moves
Asda unveils leadership reshuffle
Asda has unveiled confirmed changes to its leadership team as Meg Farren, chief customer officer, is set to leave the business this summer to take up the role of general manager of KFC, UK and Ireland. Farren will hand over her role to Sam Dickson, vice president (VP) Asda Brand…
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5 JuneFeatures
Less hands make light work: easing impact financial stress on UK retailers
Almost every person in the UK has been affected by the various economic issues currently plaguing post-pandemic pockets. While discretionary spending is reigned in for the majority, many are forced to re-evaluate even essential purchases. When consumers face financial pressures, the effects soon filter through to afflict retailers. At the…
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May- 2022 -31 MaySupermarkets
Supermarkets warn of price surge if imperial measurements return
The British Retail Consortium, which represents supermarkets including Sainsbury’s, Asda and Morrisons, has warned the prime minister that returning to imperial measurements could worsen the cost-of-living crisis and further drive up inflation. The comment comes after the BEIS is to launch a 12-week consultation on Friday made up of business…
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