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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Oct- 2024 -11 OctoberNews-In-Brief
Today’s news in brief-11/10/24
Ikea reported a 5.3% decline in retail sales to €45.1bn (£37.7bn) after implementing significant price reductions across 63 markets. Despite the sales decrease, the strategy led to a 4.5% increase in store visits and a notable 21% rise in online traffic, driven by heightened consumer demand. This period also saw…
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11 OctoberSupermarkets
Aldi to recruit 3,500 staff ahead of festive season
Aldi has announced that it is looking to hire 3,500 store colleagues in the lead-up to Christmas. With a wide range of permanent store positions available, Aldi is seeking team members to help replenish stock, assist customers and maintain its high standards of service during the festive period and beyond.…
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4 OctoberNews-In-Brief
Today’s news in brief-4/10/24
Shein is moving ahead with plans for a highly anticipated London IPO, reportedly set to hold informal talks with investors across Europe. According to sources, Shein’s roadshows aim to assess investor interest ahead of regulatory approval from both UK and Chinese authorities. Having confidentially filed for a £50bn float in…
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4 OctoberSupermarkets
Virgin Wines strikes partnership with Ocado
Virgin Wines has announced that it has agreed a strategic partnership with Ocado.com, commencing from this week, which will give the online supermarket’s customers access to an exclusive selection of 50 wines from Virgin’s portfolio. Previously available only to Virgin Wines customers and sold as part of multi-bottle cases, this…
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3 OctoberNews-In-Brief
Today’s news in brief-3/10/24
Tesco has reported a robust first half of the financial year, marked by increased sales and profits, prompting an upward revision of its full-year guidance. The supermarket giant achieved a 10% rise in retail operating profits to £1.56bn, with statutory operating profits climbing 13% to £1.6bn. This growth was supported…
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3 OctoberSupermarkets
Tesco ups FY guidance as sales and profits rise in H1
Tesco has upped its full-year guidance after a period of “strong momentum” and rising profits in its half-year results, with the supermarket’s boss noting the business is “in good shape”. Over the period, retail operating profits rose by 10% to £1.56bn, while statutory operating profits were up by 13% to £1.6bn. …
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2 OctoberNews-In-Brief
Today’s news in brief-2/10/24
Shop prices fell by 0.6% in September, marking the lowest annual growth since August 2021. Non-food items saw deflation deepen to -2.1%, while food inflation slightly rose to 2.3%, influenced by higher prices in cooking oils and sugary products. Nike’s first-quarter revenue dropped 10% to $11.6bn, prompting the company to…
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2 OctoberSupermarkets
Booths narrows pre-tax losses to £1.6m
Supermarket chain Booths has narrowed its losses from £4.0m in 2023 to £1.6m and has reported a 6.7% rise in sales to £318.7m for the year ending 30 March 2024. The group attributed the performance to increased footfall and basket spend, partly due to inflation and the benefit of an…
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Sep- 2024 -27 SeptemberNews
Today’s news in brief-27/9/24
Amazon’s UK division has resumed paying corporation tax for the first time since 2020, ending a period of tax credits due to the conclusion of a government tax break. The company paid £18.7m in “current tax” on sales totaling £27bn last year. This move follows criticism over Amazon’s tax contributions…
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26 SeptemberNews
Today’s news in brief-26/9/24
Morrisons has finalised a £370m deal with Song Capital, retaining ownership of 75 supermarket properties’ freehold while receiving income over 45 years. This move aims to reduce debt accumulated since its 2021 acquisition by CD&R. H&M expects to miss its 10% profit margin target for 2024 due to stagnant Q3…
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