Iceland
This coverage focuses on Iceland’s operations and strategy in the UK retail sector, including store performance, product innovation, marketing campaigns, leadership decisions, and sustainability efforts. Reporting examines how Iceland addresses consumer trends, competitive pressures, and operational challenges — providing insight for executives, managers, and professionals in grocery, frozen food, and value retail.
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Sep- 2024 -12 SeptemberNews
Today’s news in brief-12/9/24
John Lewis Partnership reported a significant improvement in financial performance, narrowing pre-tax losses to £30m from £59m. Total revenue rose 2% to £5.2 billion, with Waitrose seeing a 5% sales increase. Investment in transformation, including new stores and digital initiatives, remains robust. PwC’s latest data reveals a rise in shop…
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12 SeptemberSupermarkets
Iceland expands product range in latest innovation push
Iceland Foods and The Food Warehouse have announced the launch of over 800 new products as part of its latest innovation push. The new products land in store and online from this week and include a variety of “exclusive” product offerings, including a launch of Jamie Oliver’s new frozen dishes.…
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Jul- 2024 -29 JulyNews
Today’s news in brief-29/7/24
Ted Baker is reportedly considering closing all its UK stores within weeks. After entering administration earlier this year, the fashion retailer has already shut 15 stores, resulting in job losses. The brand, now owned by Authentic Brands Group (ABG), is seeking a partner to manage its UK and Europe operations.…
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29 JulySupermarkets
Iceland posts record profits as £1 range proves popular
Iceland has reportedly posted record profits for the full-year as it managed to control its energy bills and its revamped £1 value range proved popular among squeezed customers. Its underlying profits rose 24% to £315.7m in the year ended 29 March, and its sales nudged up 6.6% to £4.2bn, the…
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24 JulyNews
Iceland boss calls for review of supermarkets’ restrictive covenant ban
Iceland managing director Richard Walker has urged the new Labour government to review the ban for supermarkets to use restrictive covenants in property deals. In a LinkedIn post, Walker claimed that “legal tricks” have been used in the past by German-owned supermarkets Aldi and Lidl to prevent competition on retail…
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3 JulyNews
Today’s news in brief-3/7/24
JD.com is reportedly considering a bid for parcel delivery company Evri, progressing to the second stage of bidding after making a non-binding offer last month. Competing companies include InPost and Cainiao, Alibaba Group’s logistics arm, as well as Apollo Global Management. Evri, formerly Hermes, has been exploring options including a…
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3 JulyNews
Asda appoints VP for ecommerce
Asda has appointed David Devany as vice president for ecommerce as it looks to further strengthen its leadership team to deliver against its long-term growth strategy. Devany will join the supermarket in due course from Iceland Foods, where he has held the role of group chief customer, marketing and digital…
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Jun- 2024 -24 JuneNews
Today’s news in brief-24/6/24
Shein’s plans for a £50bn flotation in London are under threat due to mounting concerns from Chinese officials over negative portrayals of the company in the UK. The British Fashion Council has expressed significant reservations about Shein’s business practices, particularly around labor exploitation. Although the company is based in Singapore,…
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24 JuneSupermarkets
Iceland launches ‘supermarket manifesto’
Iceland Foods has launched its first-ever supermarket manifesto ‘Frozen Out’’, designed to give customers a voice as the country heads towards the general election. Featuring findings from a survey of more than 6,500 customers, and colleague and customer listening panels at stores up and down the country, the manifesto will…
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18 JuneSupermarkets
Supermarket sales slow in May as wet weather dampens visits
Take-home grocery sales rose by just 1.0% over the four weeks to 9 June 2024, marking the slowest increase since June 2022 as poor weather and falling inflation impacted the sector, according to the latest data from Kantar. Growth in footfall has also stalled, with the average shopper visiting a…
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