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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Jul- 2018 -4 JulyUncategorized
Former Amazon finance VP returns to Asda as CFO
Asda has appointed Rob McWilliam as chief financial officer (CFO), replacing Alex Russo as he leaves the business to take on a new role at Wilko. McWilliams initially began working with the group again in January 2018 on a consultancy basis, supporting the development of a new ‘Asda Strategy’. However,…
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4 JulyPeople Moves
Wilko appoints former Asda CFO as finance chief
Family business Wilko has appointed Alex Russo, a former Asda CFO as its new chief financial officer and executive board director. Russo held the Asda post for five years, but has also held senior roles at Tesco, Kingfisher and Boots, in the UK and abroad, gathering more than 20 years’…
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3 JulyAdvice
The five key skills you need for a successful merger
The proposed £12bn merger of supermarket giants Sainsbury’s and Asda is arguably a watershed moment for the retail and grocery sector, with the potential to kickstart widespread market consolidation. As both leadership teams will know, delivering a successful merger is far from straightforward and having the right skills onboard is…
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2 JulySupermarkets
Tesco and Carrefour to form ‘strategic alliance’
Tesco and Carrefour are to form a “strategic alliance” in order to offer “even lower prices” and “improve the quality and choice of products available”. A long term relationship will see the two supermarkets making joint purchases of own brand products and goods not for resale. The deal will be…
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Jun- 2018 -26 JuneEconomy
British grocery market sees two years’ consecutive growth
Britain’s grocery sector has grown for two consecutive years, according to the latest grocery market share figures from Kantar Worldpanel for the 12 weeks to 17 June 2018. The figures published today, 26 June, showed supermarket sales have risen for 25 consecutive months and now stand at 2.1% compared with…
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21 JuneGovernment
MPs hit out at ‘baloney’ supermarket claims of price-cut post-merger
Neil Parish MP yesterday told Asda CEO Roger Burnley not to “give us a load of baloney” after Burnley repeatedly claimed his firm’s merger with Sainsbury’s and the product price cuts they have promised would not negatively affect small suppliers. Burnley said during a Environment, Food and Rural Affairs select…
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19 JuneSupermarkets
CMA reveals Asda-Sainsbury’s merger comments
Industry responses to a Competition and Markets Authority (CMA) consultation on the proposed Asda-Sainsbury’s merger have revealed concerns about higher prices and reduced choice for customers. A number of submissions concerned the impact of the proposed merger at a national level, with fears it would lead to increased concentration in…
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15 JuneSupermarkets
Tesco’s sales rise with Booker’s acquisition
Tesco has increased its sales for the 10th quarter in the three-months to 26 May, meaning its acquisition of wholesaler Booker was a successful move. Tesco reported its group sales increased by 1.8%, with UK and Ireland sales increasing 3.5%. Similarly, Booker, which Tesco bought for £3.7bn last year, had…
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7 JunePeople Moves
Sainsbury’s promotes Clodagh Moriarty to new digital role
Sainsbury’s has promoted Clodagh Moriarty to its operating board as group chief digital officer with immediate effect. Moriarty will create and lead the supermarkets giant’s digital strategy and will be tasked with ensuring customers experience an integrated and seamless digital experience across Sainsbury’s, Argos, Sainsbury’s Bank and Nectar. Moriarty has…
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May- 2018 -31 MaySupermarkets
Asda profits plunge 10% due to price cuts aimed to ‘return momentum’
Supermarket giant Asda has reported a 10% drop in profits for the full-year period up until 31 December 2017 attributed to “investments in lowering prices to mitigate the impact of food inflation”. The company reported pre-tax profit of £712.6m down 9.6% from £791.7m the previous with operating profit also having…
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