George
This coverage explores the George clothing brand at Asda, focusing on product launches, seasonal collections, pricing strategy, marketing efforts, and sustainability initiatives. Reporting examines how George aligns its fashion offer with consumer demand, value positioning, and broader grocery retail operations — delivering insight for retail executives, buyers, and brand managers in value fashion and mass-market apparel.
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May- 2024 -30 MaySupermarkets
Asda launches £50m store upgrade programme
Asda has announced the launch of a £50m store upgrade program, which aims to improve the design and shopping experience across 170 of its stores. As part of the program, 50 larger stores will receive major upgrades, including the introduction of new in-store services and features. This will include a…
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20 MayNews
Today’s news in brief-20/5/24
Asda reported a robust financial performance for Q1 2024, with a 6.6% increase in total revenues (excluding fuel) to £5.3bn and a 1.4% rise in like-for-like sales. The supermarket chain saw notable growth in its George at Asda clothing line and homewares, with the latter boosted by the new Stacey…
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20 MaySupermarkets
Asda revenues surge to £5.3bn in Q1
Asda has reported a 6.6% increase in total revenues (excluding fuel) to £5.3bn and 1.4% growth in like-for-like sales for the first quarter ended 31 March. The supermarket’s continued growth in total revenues, like-for-like sales and margin improvement in food and non-food includes a particularly strong contribution from George at…
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10 MayHigh Street
WHSmith reveals 17 new Toys R Us locations
WHSmith has announced that it will open 17 Toys R Us shops over the summer months across the UK. The retailer is set to open a further 30 shop-in-shops before Christmas after the launch of nine Toys R Us concessions a year ago. The 17 locations opening in the summer…
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9 MaySupermarkets
CMA calls on grocers to prioritise accurate pricing
The Competition and Markets Authority (CMA) has called on grocers to prioritise accurate pricing following a review of the way in-store prices are displayed. The review, which looked at the price marking practices of 139 grocery stores, assessed whether prices were “clear, accurate and matched the price people were charged…
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3 MaySupermarkets
Asda successfully refinances £3.2bn of debt
Asda has announced that it has refinanced £3.2bn of debt pushing out the majority of its maturities into the next decade. The refinancing included the biggest Sterling high-yield bond this year and the second-largest sterling bond in the European leveraged finance market. Asda also successfully extended the maturity of its…
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Apr- 2024 -24 AprilHigh Street
Primark appoints three to advisory board
Primark has appointed Martin Brok, Sona Chawla and Christophe Roussel to its advisory board, according to sources. The trio will work alongside Paul Marchant, Primark CEO and outgoing finance director John Bason. The news follows Associated British Foods announcement of Bason’s departure and the launch of a “newly constituted” strategic…
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23 AprilHigh Street
Primark launches click and collect amid soaring profits
Primark has revealed that it is launching a new click and collect service to all of its British stores by the end of 2025. It comes as its parent company Associated British Foods (ABF) saw its pre-tax profit jump 37% to £881m for the 24 weeks ended 2 March 2024.…
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16 AprilNews
Today’s news in brief-16/4/24
Superdry has announced a restructuring plan targeting rent reductions across 39 UK stores. The company, seeking to secure its future amidst financial challenges, will undergo a delisting from the stock exchange. Founder Julian Dunkerton is underwriting an equity raise of up to £10m to support the initiative. While store closures…
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16 AprilSupermarkets
George at Asda outperforms market amid strong fashion sales
George at Asda has welcomed “soaring” online growth and in-store fashion sales over the sector’s latest six month-period, as the retailer said it “significantly” outperformed the market. Womens, mens, kids and schoolwear all performed ahead of the market in both sales value and volumes, according to Kantar data over the…
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