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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Jun- 2020 -29 JuneClothing & Shoes
TM Lewin hires restructuring firm as it eyes pre-pack deal
The new owner of TM Lewin has reportedly called in a restructuring firm as it considers a pre-pack administration deal that could see the closure of a number of its stores. According to The Sunday Times, SCP Private Equity, who acquired the shirt maker earlier this year, has appointed restructuring…
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26 JunePeople Moves
Card Factory CEO announces departure
Card Factory has announced the departure of CEO, Karen Hubbard, after four years in the role. During her time as CEO, Hubbard supported the transition of Card Factory from a recently listed company to an established plc. Prior to joining the card retailer, Hubbard held senior positions at B&M Retail,…
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19 JuneNews
Amazon UK boss to step down
The manager of Amazon UK has confirmed he is stepping down from the role, and is now set to assume the role of director at the Natural History Museum. Doug Gurr is currently the country manager of Amazon UK, and previously acted as president of Amazon China from 2014 to…
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18 JuneHigh Street
Supreme Court rules against Mastercard and Visa in interchange fees battle
Visa and Mastercard could be set to pay billions in compensation to some of the UK’s top retailers following a court ruling which found that the two payment companies had breached competition laws. The Supreme Court today (17 June) unanimously upheld the conclusion of the Court of Appeal that the…
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May- 2020 -20 MaySupermarkets
Asda sees Q1 sales rise 3.5%
Big four grocer Asda has reported a 3.5% like-for-like sales rise during the first quarter of the year following a “surge” in online sales during the coronavirus lockdown. In an update for the three month period ending 31 March 2020, the supermarket said it experienced a surge in demand for…
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13 MayClothing & Shoes
SCP acquires TM Lewin from Bain Capital
Private equity firm SCP has acquired Men’s retailer TM Lewin from Bain Capital for an undisclosed sum. TM Lewin currently has 66 stores in the UK with around 650 of its 700 members of staff placed on furlough. SCP has reportedly acquired the firm as a going concern and plans…
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Apr- 2020 -30 AprilPeople Moves
BRC appoints Tony DeNunzio as new chairman
Tony DeNunzio CBE has been appointed as chairman elect of the British Retail Consortium (BRC). He will succeed Richard Pennycook whose tenure comes to an end on 20 May 2020. DeNunzio has over 25 years’ experience in the retail industry both in the UK and internationally. His experience covers the…
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Mar- 2020 -25 MarchSupermarkets
Tesco introduces social distancing measures amid Covid-19 virus outbreak
‘Big 4’ grocer Tesco has written to customers to inform them about the latest measures put in place amid the Covid-19 virus breakout. CEO Dave Lewis revealed there would be floor markings in store as well as the car park to practice social distancing when queuing. The retailer also revealed…
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25 MarchSupermarkets
Asda announces new measures amid Covid-19 outbreak
Supermarket Asda has outlined a wide ranging package of measures to help support its colleagues and other workers whose jobs have been impacted by coronavirus. Acknowledging the “incredible efforts’”of Asda’s hourly paid retail and distribution colleagues, CEO Roger Burnley confirmed to colleagues that they will receive full pay if they…
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3 MarchPeople Moves
B&M appoints Alex Russo as new CFO
Discount retailer B&M has announced the appointment of Alex Russo as its new chief financial officer and executive director. Russo is currently the CFO of Wilko, having previously spent five years as an executive director and CFO at Asda. He has also held the position as director at Boots, Tesco…
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