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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Feb- 2024 -20 FebruarySupermarkets
Moody’s ‘cautiously optimistic’ over Iceland’s future despite weak results
Moody’s has said it is “cautiously optimistic” over Iceland Foods’ financial future and prospects of tackling its bond debt, despite the group reporting “weaker” than expected results. According to The Grocer, Moody’s statement, which covers results published to bond holders by Iceland VLNCo, gave an insight into the company’s leverage…
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Jan- 2024 -29 JanuaryNews
Today’s news in brief-29/1/24
The UK experienced a significant increase in business administrations, with the retail sector being the hardest hit, accounting for 19% of the total administrations. This information comes from a study conducted by full-service law firm Shakespeare Martineau. The year saw a total of 1,641 businesses filing for administration, a 22%…
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29 JanuarySupermarkets
Iceland boss backs Labour government
Richard Walker, managing director of Iceland and former Tory donor, has publicly backed Keir Starmer to be the next Prime Minister. Walker told The Guardian that the Labour leader understands how the cost of living crisis has put an “unbearable strain” on families. He wrote in the newspaper that Starmer…
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Dec- 2023 -5 DecemberSupermarkets
December to see £13bn in grocery sales for first time, Kantar says
Take-home grocery sales are expected to surpass £13bn for the first time ever this December, according to marketing data and analytics company Kantar. It comes as its latest figures found that sales grew by 6.3% over the four weeks to 26 November 2023 to reach £11.7bn. Kantar said the cost…
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Nov- 2023 -16 NovemberNews
Today’s news in brief-16/11/23
Mars has acquired Hotel Chocolat in a £534m deal, offering a 168% premium on the share price. Mars sees cultural alignment between the two companies, sharing values of quality, sustainability, and purpose. Hotel Chocolat’s directors deemed the deal “fair and reasonable.” Mars, with its international footprint and global supply chain,…
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16 NovemberSupermarkets
Iceland posts £17m full-year loss amid soaring energy prices
Iceland has fallen to a loss of £17.1m in its latest full-year results following a “wholly unprecedented” rise in global energy costs. It comes as the group saw a £93.6m rise in energy costs, which it attributed to the global surge in wholesale prices following Russia’s invasion of Ukraine. Nonetheless,…
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7 NovemberSupermarkets
Grocery price inflation hits single digits for first time this year
Grocery price inflation has fallen below 10% for the first time since July 2022 and now sits at 9.7% for the four weeks to 29 October 2023, according to the latest data from Kantar. It comes as take-home grocery sales over the same period rose by 7.4% compared with last…
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Oct- 2023 -10 OctoberNews
Today’s news in brief-10/10/23
Grocery price inflation has fallen for the seventh consecutive month, reaching 11% for the four weeks ending on October 1, 2023. This is the lowest rate since July 2022, based on data from Kantar. During this period, take-home grocery sales increased by 9.1% compared to the previous year, likely influenced…
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10 OctoberSupermarkets
Grocery price inflation falls for seventh consecutive month
Grocery price inflation has fallen for the seventh month in a row to 11% for the four weeks to 1 October 2023, the lowest rate since July 2022, according to new data from Kantar. Over the period, take-home grocery sales rose by 9.1% compared with last year, as people enjoyed…
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9 OctoberNews
Today’s news in brief-09/10/23
Frasers Group CEO Michael Murray has announced a significant shift away from the traditional department store model for House of Fraser. Murray aims to “rethink the space” by incorporating Frasers Group’s own brands and potentially phasing out the House of Fraser brand altogether. This transformation seeks to address previous issues,…
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