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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Apr- 2022 -25 AprilSupermarkets
Asda invests £73m to tackle cost of living crisis
Asda has announced it will be investing over £73m in tackling the cost of living crisis for its customers and colleagues as it has “dropped and locked” the price of over 100 products until the end of the year, with prices reducing 12% on average. The supermarket has also confirmed…
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22 AprilNews
EG to deliver 32,000 jobs globally amid foodservice expansion
EG Group has announced plans to create more than 32,000 jobs globally over a five-year period. According to the group it will be driven by a “sustained investment” in its foodservice business. To supplement this expansion strategy, EG has added to the pay and benefits colleagues receive and this month…
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19 AprilClothing & Shoes
Sosandar appoints independent non-executive director
Sosandar, the online women’s fashion brand, has announced the appointment of Jon Wragg as an independent non-executive director with immediate effect. Wragg is a senior executive with experience in driving growth in consumer businesses through digital channels. He has worked with global brands across different product categories, with experience in…
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19 AprilPeople Moves
Asda unveils new chief financial officer
Asda has announced the appointment of Michael Gleeson as its new chief financial officer (CFO), who is set to join the business next year. The announcement comes as Asda’s current CFO, John Fallon, has decided to leave the business and take on new challenges. Gleeson will join the company from…
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14 AprilPeople Moves
N Brown names new group buying director
N Brown Group plc, the fashion and homeware digital retailer, has announced the appointment of Sara Bradley as the group’s new buying director, effective 27 April 2022, and she will report into Sarah Welsh, chief executive officer (CEO) of retail. In her new role, Bradley will focus on continuing to…
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14 AprilM&A
Asda owner eyes Butlin’s takeover
TDR Capital, one of the principal owners of Asda, is reportedly eyeing a takeover bid for holiday camp chain Butlin’s, alongside other interested parties that include Fortress Investment Group. According to Sky News, the firms are among those who have submitted indicative offers for the group over the last few…
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7 AprilNews
Asda distribution workers vote for strike action amid sick pay dispute
The GMB Union has announced that thousands of Asda distribution workers have begun an consultative vote on industrial action over proposed cuts to sick pay and a real terms pay cut. It said bosses are trying to “force” through a pay deal which would see workers lose sick pay entitlement…
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Mar- 2022 -29 MarchSupermarkets
Asda profits surge 42% as Covid disruption eases
Asda has reported its operating profits increased 42% year-on-year from £486.5m to £693.1m in FY21 following a reduction in Covid-related costs. The company’s revenues for FY21, excluding fuel, increased to £20.42bn, up 0.6% year-on-year and up 4.3% on a two-year basis. Additionally, revenues in the fourth quarter (Q4), excluding fuel,…
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25 MarchHealth & Beauty
Apollo lines up banks to finance Boots bid
Private equity firm Apollo Global Management is reportedly lining up banks to help it finance a takeover offer for UK high street chemist Boots. According to Sky News, Apollo is in talks with Bank of America, Credit Suisse and Royal Bank of Canada to help fund the move that is…
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22 MarchNews
Asda launches employment package for Ukrainian refugees
Asda has announced it will offer Ukrainian refugees arriving in the UK a guaranteed job interview and provide specialist support to those who are recruited as Asda colleagues. The supermarket currently has around 1,500 salaried and hourly-paid roles available in its stores, warehouses and within its sourcing and procurement arm…
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