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.
-
Jun- 2022 -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…
Read More » -
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…
Read More » -
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…
Read More » -
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…
Read More » -
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…
Read More » -
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…
Read More » -
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…
Read More » -
31 MayDIY
B&M appoints CEO successor as FY revenues dip
B&M has revealed that sales dipped in its latest full-year results, alongside the announcement of a new CEO, as revenue fell by 2.7% to £4.7bn against the prior year, despite increasing 22.5% on a two-year basis against FY20. Its UK fascia revenue decreased 4.1% year-on-year, largely driven by a one-year…
Read More » -
30 MayNews
Issa brothers on verge of dropping out of Boots bid
Asda owners, the Issa brothers, are reportedly on the verge of walking away from their bid for a Boots takeover due to a disagreement on price, according to Bloomberg. The news outlet’s report said that Zuber and Mohsin Issa are getting cold feet after Boots’ owner, Walgreens, asked them for…
Read More » -
27 MaySupermarkets
Asda sales drop 9.2% to £4.64bn
Asda has reported its like for like sales (excluding fuel) fell by 9.2% to £4.64bn in the period from 1 January to 31 March 2022 (Q1), compared to the “exceptional” period of Q1 2021, when the UK’s third national lockdown resulted in more meals being consumed at home. Overall, the…
Read More »
