Supermarket
This coverage examines the supermarket sector within UK retail, focusing on store operations, pricing strategies, product innovation, supply chain efficiency, financial performance, and leadership decisions. Reporting provides insights into competitive dynamics, shopper behaviour, and strategic initiatives shaping grocery and high-volume retail. Tailored for executives and managers, it supports effective decision-making in a fast-moving market.
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Jan- 2025 -29 JanuaryNews-In-Brief
Today’s news in brief-29/1/25
Lord Wolfson, CEO of Next and Conservative peer, has leveraged his House of Lords position to propose amendments phasing in upcoming National Insurance (NI) reforms. The budget measures, effective April, will raise employers’ NI contributions from 13.2% to 15% and lower the secondary threshold to £5,000 annually. Wolfson supports staggered…
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29 JanuarySupermarkets
Morrisons FY revenues hit £15.3bn amid ‘strongest’ quarter since 2021
Morrisons’ revenues jumped 3.8% to £15.3bn for the year ended 27 October 2024, with its Q4 performance being the “strongest” quarter in four years. Full-year like-for-like sales were up 4.9% for Q4 and 4.1% for the full year, representing eight consecutive quarters of positive LFL sales. Revenues during the final…
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27 JanuaryNews-In-Brief
Today’s news in brief-27/1/25
WH Smith is exploring the sale of its high street arm to focus on its global Travel business, which now contributes 75% of revenue and 85% of profits. The potential sale, managed by bankers at Greenhill, comes amid a 9% decline in high street profits to £39m, although group revenue…
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27 JanuarySupermarkets
Asda relaunches hunt for new CEO
Allan Leighton, Asda’s chair, has reportedly restarted the hunt for a new CEO after a failed effort by his predecessor, Lord Rose, the Telegraph reported. Leighton, who returned to Asda in November, having previously run the supermarket from 1996 until 2000, stated that he is looking for a candidate who…
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24 JanuarySupermarkets
Iceland shares more than 600 job openings amid sector cuts
Iceland has shared that more than 600 jobs are available across its operations nationwide. This comes amid reports that both Sainsbury’s and Morrisons are set to cut jobs in the coming months. The development comes as the supermarket continues to expand its footprint, currently operating more than 950 stores across…
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21 JanuaryNews-In-Brief
Today’s news in brief-21/1/25
Aldi has announced a significant pay increase for its store assistants, setting a new minimum hourly rate of £12.71, rising to £14.00 within London’s M25 area, effective from March 1. This move reaffirms Aldi’s position as the highest-paying supermarket in the UK, exceeding the Real Living Wage standards. The retailer…
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21 JanuaryPeople Moves
Aldi increases staff pay to highest hourly rate for supermarket workers
Aldi has announced its store assistants are set to receive a pay rise with hourly rates increasing to at least £12.71, maintaining its position as “Britain’s best paying supermarket”. The new minimum rate, which increases to £14.00 within the M25, exceeds the Real Living Wage set by the Living Wage…
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21 JanuarySupermarkets
Frozen food to see ‘meteoric rise’ in 2025, Iceland predicts
Iceland has forecast a rise in the popularity of frozen food, which will become a “big focus” in 2025 as British shoppers follow trends seen across America. According to new research from the supermarket, frozen food sales in America rose by 54% towards the end of last year, with the…
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20 JanuaryNews-In-Brief
Today’s news in brief-20/1/25
Quiz is reportedly considering closing up to a third of its 60 stores as part of a restructuring effort to stabilise its business amid mounting financial pressures. The company is set to delist from the AIM market and return to private ownership following a shareholder vote earlier this month. Restructuring…
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20 JanuarySupermarkets
Asda risks fine over IT upgrade delays
Asda is reportedly facing a potential multimillion-pound fine for failing to complete an £800m IT upgrade by next month, according to the Telegraph. The new system, which has been championed by Mohsin Issa, attempts to detach the supermarket’s technology systems from those used by former owner Walmart, and is known…
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