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.
-
May- 2022 -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 » -
16 MayHigh Street
Walgreens snaps up £4bn dividend from UK arm
Walgreens Boots Alliance has reportedly extracted more than $5.3bn (£4.3bn) of dividends from its UK holding companies. According to The Sunday Times, the Boots owner snapped up the dividends despite taking “hundreds of millions” of pounds of government support during the pandemic. Boots’ UK-based parent company, Superior Holdings, paid out…
Read More » -
10 MaySupermarkets
Morrisons secures McColl’s deal saving 16,000 jobs and pensions
Alliance Property Holdings Limited, part of the Morrisons Group, has secured a rescue deal for embattled retailer McColl’s that will see all 16,000 staff transferred, alongside more than 1,100 nationwide outlets. The deal also sees Morrisons agreeing to rescue the group’s two pension schemes which have more than 2,000 members.…
Read More » -
3 MayNews
Missguided gains interest from Asos, Shein, JD Sports and Frasers Group
Online womenswear retailer Missguided is reportedly attracting interest from Asos, Shein, JD Sports, the Frasers Group and the Issa brothers (the owners of Asda), all of whom are said to be in talks to buy the company. According to Drapers, private equity giants are also circling and sales documents are…
Read More » -
3 MayHigh Street
Asda owners in talks to sell £13bn EG Group
Asda owners the Issa brothers are reportedly in talks to merge their EG petrol forecourt business with Canadian convenience store giant Couche-Tard, according to the Wall Street Journal. Couche-Tard, which runs 7,000 convenience stores in the U.S. and as many abroad, EG Group have traded proposals in recent weeks that…
Read More » -
Apr- 2022 -28 AprilSupermarkets
Asda teams up with FareShare to donate 10m meals to charities across UK
Asda has donated £1.4m to set up the ‘All Good Food Fund’, a project with FareShare which aims to lead to 10m meals being donated to charities across the country. As part of the new fund, Asda suppliers will be able to apply for funding to help pay for additional…
Read More » -
27 AprilHigh Street
May deadline set for Boots takeover bids
A deadline of May 16 has been set for final bids for Boots, according to Sky News. The company’s owner Walgreens Boots Alliance (WBA) issued the deadline as it looks to offload the business as economic issues threaten its valuation, with the price tag currently standing at up to £7bn.…
Read More » -
25 AprilOnline & Digital
MusicMagpie to launch on Back Market
MusicMagpie has secured a contract to sell consumer electronic products on Back Market, an online marketplace that is dedicated to refurbished devices. The recommerce group said its products will feature on the Back Market UK marketplace by the end of this month, and on the Back Market US marketplace in…
Read More »
