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- 2022 -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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16 AugustSupermarkets
Grocery price inflation hits new peak, Kantar finds
Supermarket sales rose by 2.2% in the 12 weeks to 7 August according to the latest take-home grocery figures from Kantar, despite grocery price inflation hitting 11.6% – the highest level since Kantar first started tracking the data this way in 2008. During the period, Lidl remained the fastest growing…
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1 AugustSupermarkets
Iceland boss calls for next PM to rethink business rates
Iceland has joined in the call for Tory leadership candidates to rethink “outdated” business rates as the company’s managing director, Richard Walker, reportedly urged the prime minister to promise a “root and branch” reform of the tax. His intervention, according to This is Money, follows similar calls from other UK…
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Jul- 2022 -29 JulyHigh Street
Iceland warns of costs as energy bill set to double by 2023
Iceland has warned the global impact of energy prices is likely to have an impact on its performance next year. The news comes as it is set to be hit with a surge in energy costs from the running of its freezers, according to The Financial Times. Iceland’s energy bill…
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20 JulySupermarkets
Supermarket sales see minor rise amid rising inflation
Supermarket sales rose by 0.1% in the 12 weeks to 10 July 2022 despite grocery inflation rising another 1.6%, according to the latest take-home grocery figures from Kantar. This is the first time the market has registered growth since April 2021. Supply chain issues have driven costs up across the…
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4 JulySupermarkets
Supermarket Income acquires four supermarkets in £82.9 deal
Supermarket Income REIT plc, a real estate investment trust, has announced it has acquired two supermarket sites for a total purchase price of £82.9m. The company has purchased a Tesco superstore, Marks and Spencer Foodhall and an Iceland in Chineham, Basingstoke, and an Asda supermarket in Carcroft, Doncaster. The 18.7…
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Mar- 2022 -29 MarchSupermarkets
Iceland reintroduces palm oil ‘with regret’ amid rising prices
Iceland has reintroduced palm oil “with huge regret” after sunflower oil has become “totally unobtainable” amid the ongoing Ukraine crisis and consequent rising food prices. In a blog post, Richard Walker, managing director of Iceland, said an unintended consequence of the war is the scarcity of sunflower oil. Ukraine and…
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15 MarchOnline & Digital
Good Food Group launches new digital platform
A new ‘match-making’ platform has been launched by food consultancy The Good Food Group in a bid to partner UK retail buyers with up-and-coming brands. The digital platform is designed to help “time-poor buyers and new brands find each other in a product discovery process”. The introduction portal is an…
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Feb- 2022 -8 FebruarySupermarkets
Iceland to rework product sourcing with RangeMe partnership
Iceland and The Food Warehouse have joined forces with global product discovery platform, RangeMe, to change the way they uncover and source new products. RangeMe said it offers a single place for buyers to discover opportunities from suppliers around the world. It first launched in 2014 and is now used…
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