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- 2023 -7 FebruarySupermarkets
Credit insurer pulls cover for Iceland’s suppliers amid rising costs
A leading credit insurer has cut its cover on suppliers to Iceland as the supermarket faces growing pressure amid the rise in energy costs. According to the Times, Coface has reportedly pulled its cover on Iceland to zero, following on from Allianz Trade and Atradius who also cut their coverage…
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1 FebruarySupermarkets
Grocery Price inflation hits record 16.7%
Grocery price inflation hit a record 16.7% in the four weeks to 22 January 2023, according to Kantar, the highest level since it started tracking the figure in 2008. Overall take-home grocery sales rose by 5.7% during the 4 week period and by 7.6% over the 12 weeks. Aldi was…
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Jan- 2023 -16 JanuaryPeople Moves
Iceland appoints MD as executive chairman
Iceland Foods has announced the appointment of its managing director, Richard Walker as executive chairman, as his father, Malcolm Walker is to step down from the role. However, it is reported that Malcolm Walker will remain on the board as founder, having launched the family-owned frozen food retailer back in…
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Dec- 2022 -13 DecemberSupermarkets
Shopper spend rises 7.6% at UK supermarkets despite squeeze on incomes
Total Till sales grew +7.6% in the last four weeks ending 3 December 2022, up from +5.6% last month, according to the latest data from NielsenIQ. Nielsen said the acceleration in Total Till sales is largely a result of double-digit food inflation, as UK shoppers remain cautious regarding the contents…
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Nov- 2022 -23 NovemberHigh Street
Dreams provides £5m cost of living support package for staff
Bed retailer Dreams has announced that it is providing support for its staff during the cost of living crisis, starting with a £5m package as part of its “people first strategy”. The company plans to advance a pay raise that was due in April 2023 to December 2022. The pay…
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21 NovemberSupermarkets
Iceland founder rebuffs takeover approaches
Malcolm Walker, the founder of Iceland Foods, has reportedly dispelled rumours that he has been “quietly marketing” the company to other interested parties, according to The Times. Walker has reportedly rejected “frequent” approaches from potential buyers for the frozen foods supermarket in the past. The Times reported that he found…
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14 NovemberHigh Street
Retailers call on chancellor to freeze business rates
Retail bosses from some of the UK’s leading retailers – including Tesco, Sainsbury’s, Greggs and Iceland – have called on chancellor Jeremy Hunt to freeze business rates in the autumn statement, which is due to be announced on Thursday 17 November. Forming the Retail Jobs Alliance, the chief executives have…
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Sep- 2022 -13 SeptemberAnalysis
Retailers’ demands of the new PM
Liz Truss is fresh in her new role as prime minister with enough enthusiasm to tweet, “it’s time to deliver for the people of the United Kingdom”, but while the new Tory leader was yet to be decided, business owners were left with fears that their upcoming winter troubles would…
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5 SeptemberSupermarkets
Iceland boss halts store openings amid cost-of-living crisis
Iceland has reportedly contacted No 10 directly with a plea to prepare an “immediate and radical” cost-of-living package, according to The Guardian, as the retailer has been forced to stall the openings of new stores in light of the rise in energy costs. The news comes as the proportion of…
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Aug- 2022 -25 AugustSupermarkets
Iceland’s debt rating downgraded as it falls to pre-tax loss
Iceland’s debt rating has been downgraded by Moody’s as its newly filed accounts showed Iceland Foods fell to a pre-tax loss of £4.1m for the 52-week period ended 25 March 2022, compared to a profit of £73.1m in the prior year. Sales dropped 4.3% from £3.7bn to £3.5bn year-on-year, compared…
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