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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Aug- 2021 -11 AugustSupermarkets
Asda invests in Lean Kitchen Network
Asda has announced that it has made an equity investment in Lean Kitchen Network (LKN), a digital brand creation and food service business. The transaction represents a new step in the group’s partnership strategy, further broadening its food service offer for its customers. Acting alongside Edition Capital, Asda’s investment precedes…
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6 AugustSupermarkets
Asda chief Roger Burnley completes early resignation
Asda has announced that Roger Burnley has stepped down from his role as chief executive at the group following its £6.8bn EG Group and TDR Capital takeover. While Burnley had been due to leave his post in 2022, the process has been accelerated “following completion of a transition period” under…
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5 AugustHigh Street
Next store staff step closer to equal pay victory
Next has conceded that it can compare the roles of its store workers and distribution centre and warehouse employees, bringing the workers’ equal pay claims one step closer to success. Over 400 Next staff members brought the case against the retail group, stating that shop floor work is equally as…
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Jul- 2021 -28 JulySupermarkets
Asda owners eye Fat Face head for George CEO role
Asda owners, brothers Mohsin and Zubba Issa are reportedly in talks to appoint the current CEO of Fat Face, Liz Evans, to head up the group’s fashion label, George, according to The Lancashire Times. Evans has been the CEO of Fat Face since 2018. If she moves over to George,…
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27 JulyClothing & Shoes
In The Style return to profit in FY21
In The Style has reported pre-tax profits of £125,000 for the 12 months ended 31 March 2021, up from a previous year’s loss of £2.1m. Revenue also witnessed a sharp increase, rising by 132% to £44.7m up from £19.3m in 2020, benefiting from a 30% growth in customer website visits.…
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26 JulyShopping Centres
Asda adds to its refillable range in Leeds store
Asda has revealed that it has added more than 50 new product lines to its refill zone at its flagship sustainability store in Middleton, Leeds. The supermarket has partnered with consumer brands including Coca Cola, Yorkshire Tea, Napolina, Tilda, Mars and Kellogg’s to bring the new product lines to store…
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23 JulyNews
Asda makes electric company car switch
Asda has switched the entirety of its company car fleet to electric vehicles, becoming the first British supermarket group to do so. The change, which will affect over 600 vehicles, is set to save over 2,411 tonnes of CO2 over the next four years, the equivalent of more than six…
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6 JulyPeople Moves
Asda names KFC executive as COO
Asda has confirmed that KFC’s chief marketing officer, Meghan Farren will join the group as chief customer officer (COO) in October. Farren replaces Anna-Maree Shaw, who returned to her native Australia in January 2021. Since her departure, Preyash Thakrar, Asda’s chief strategy officer has provided leadership support to the customer…
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5 JulySupermarkets
Asda confirms hybrid working model for colleagues
Asda has confirmed that it will introduce a permanent hybrid working model for head office colleagues once social distancing restrictions are lifted. The group recently invested in its head offices to make sure it was Covid-secure with it remaining open with reduced capacity during the pandemic for those colleagues that…
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1 JulyGovernment
Business committee chair questions CMA investigative takeover powers
The chair of the Business, Energy and Industrial Strategy Committee, Darren Jones, has written to the Competition and Markets Authority (CMA) in relation to their powers to investigate takeovers. It follows the recent purchase of Asda using “significant amounts” of debt and the increased interest from private equity companies in…
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