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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Feb- 2025 -27 FebruarySupermarkets
ASDA improves ESG rating score
Asda has announced an improvement to its ESG rating score, following an external assessment by financial services ratings’ agency Sustainable Fitch. For the second year in a row, Asda received an entity rating of 3 (1 = excellent, 5 = poor), with the retailer’s entity score improving to 57 from 54.…
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24 FebruaryNews-In-Brief
Today’s news in brief-24/2/25
Shein, the global online fashion retailer, saw its profits plummet by 40% to $1bn in 2024. The company faced a challenging final quarter and intensified competition from rival Temu. Shein’s declining profitability complicates its efforts to secure regulatory approval for a London listing, with some investors urging a valuation reduction…
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24 FebruarySupermarkets
Asda avoids penalty amid missed deadline for IT upgrade
Asda has reportedly avoided a financial penalty after its former owner Walmart agreed to move back a deadline for the supermarket to hit its £800m IT upgrade.According to The Telegraph, the supermarket missed the initial deadline for a tech overhaul that aims to separate its computer systems from those of…
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20 FebruaryNews-In-Brief
Today’s news in brief-20/2/25
Fashion retailer Quiz has appointed administrators to its subsidiary Zandra Retail, resulting in the closure of 23 loss-making stores and the loss of around 200 jobs. Advisory firm Teneo will oversee the administration process, while Orion Retail Limited, owned by Quiz’s founding family, will acquire certain assets, including 42 stores,…
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20 FebruarySupermarkets
Asda narrows median gender pay gap to 4% in 2024
Asda has reduced its median pay gap between all male and female colleagues from 5% in 2023 to 4% in 2024, according to its newly published 2024 Gender Pay figures. It also revealed that 92% of Asda’s total UK workforce consists of hourly-paid retail store colleagues, all earning the same…
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6 FebruaryNews-In-Brief
Today’s news in brief-6/2/25
Tesco is reportedly considering a takeover of over 100 Crown Post Office branches, potentially safeguarding them from closure as the state-owned Post Office reviews its directly managed network. Post Office chairman Nigel Railton informed MPs that Tesco expressed interest in acquiring the loss-making branches, part of a broader strategic review…
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6 FebruaryPeople Moves
Asda recruits former Matalan CEO as non-exec director
Asda has announced the appointment of Jo Whitfield, the former CEO of Matalan, to the role of non-executive director. Until last year, she led Matalan’s business turnaround strategy and a refocus on value. Whitfield, who has previously spent eight years with Asda and its clothing brand George from 2008, had…
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5 FebruarySupermarkets
Grocery sales climb 4.3% in January amid wellness boost
Take-home sales at the grocery retailers rose by 4.3% over the four weeks to 26 January compared with one year ago, according to Kantar’s latest grocery market share data, in part boosted by a rising demand for wellness products. It comes as January also spelled relief for shoppers as grocery…
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Jan- 2025 -30 JanuaryNews-In-Brief
Today’s news in brief-30/1/25
Retail crime in the UK has surged to record levels, with theft losses hitting £2.2bn in 2023/24, according to the British Retail Consortium (BRC). The trade body warned that organised crime groups are “systematically” targeting stores, while violence and abuse against retail workers spiked by over 50%, averaging 2,000 incidents…
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30 JanuarySupermarkets
Asda reintroduces ‘Rollback’ price cuts
Asda has announced the return of its Rollback proposition as part of a significant investment to begin lowering prices across its entire range on more than 4,000 products. The new programme forms the cornerstone of Asda’s mission to satisfy the needs of customers who demand value whenever they shop. The…
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