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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Sep- 2021 -10 SeptemberSupermarkets
Asda to hire 150 greengrocers amid £9m fresh produce investment
Asda has announced the appointment of 150 in-store greengrocers as a part of a £9m investment to extend its fresh fruit and vegetable service offerings. Expected to be filled by a combination of external hires and internal appointments, the greengrocers will be based on shop floors across the UK. They…
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10 SeptemberSupermarkets
Asda owners mull £10.8bn EG Group sale
TDR Capital and the Issa brothers, the new owners of Asda, are reportedly considering their options – including a possible sale – of its petrol station company the EG Group. According to Bloomberg, the company has appointed advisers including Rothschild and Co, Goldman Sachs and Morgan Stanley, to help consider…
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6 SeptemberSupermarkets
Asda Q2 revenues top £5bn
Asda has reported a 3.1% two-year increase in revenues excluding fuel to over £5bn during its latest quarter ending 30 June 2021. The increase was driven by a 23% two-year jump in like-for-like sales of the supermarket chain’s premium “extra special” range. However, year-on-year revenues excluding fuel at Asda represented…
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Aug- 2021 -31 AugustSupermarkets
Issa brothers plan to open 300 Asda convenience stores
Asda’s new owners, the Issa brothers’ are reportedly planning to open more than 300 convenience stores under the supermarket’s name across their EG Group forecourts. According to The Times, the pair are looking to roll out the concept after they previously launched five ‘Asda on the Move’ stores as a…
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27 AugustSupermarkets
EG Group revenues soar 57.7% in Q2
Blackburn-based retail giant EG Group saw total revenues soar 57.7% year-on-year to $6.51bn (£4.75m) in Q2 FY21. The new Asda owner also reported a 23.7% growth in group EBITDA, up from $307m (£224m) in Q2 FY20 to $380m (£277m) this year. The Issa brothers’ global company continued to gain the…
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25 AugustPeople Moves
Asda eyes former M&S boss for chief exec role
Asda is reportedly looking to Lord Rose of Monewden, the former boss of Marks and Spencer, as its new chief executive. According to The Times, the Issa brothers, owners of Asda, are considering Rose after Roger Burnely completed an early resignation earlier this month. Rose, who served as M&S chief…
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20 AugustClothing & Shoes
Asda to stock Missguided brand through new partnership
George at Asda has launched a partnership with online fashion brand Missguided that will see the brand be sold in 100 stores and online via George.com. As of 16 August, the retailer now offers a selection of dresses, blouses and co-ords in stores as part of George’s wider strategy to…
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17 AugustSupermarkets
Grocery sales fall 4% as pre pandemic habits return
Grocery sales fell by 4.0% during the 12 weeks to 8 August 2021 compared with the same time last year as consumers have started to return to pre-pandemic spending habits, according to the latest figures from Kantar. In the shorter term, Kantar found sales are declining much more slowly: by…
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16 AugustSupermarkets
Issa brothers eye retail veteran Ian McLeod as Asda chief
Asda owners, the Issa Brothers, are reportedly considering former Halfords boss Ian McLeod as the supermarket chain’s new chief executive. According to The Sunday Times, Asda has already held talks with McLeod who is currently the chief executive of Asian retailer Dairy Farm International. McLeod also has previous experience of…
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11 AugustSupermarkets
Morrisons to close on Boxing Day for the first time ever
Bosses at Morrisons have told staff they can have Boxing Day off this year as a thank you for their hard work during the Covid-19 pandemic. The supermarket made the announcement to its 111,000 workers today. The news comes just weeks before the conclusion of a takeover battle that will…
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