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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Aug- 2024 -12 AugustSupermarkets
Asda chair ‘embarrassed’ by recent performance
Asda chair Lord Rose has stated that he is “embarrassed” by the supermarket’s performance and indicated it could be time for co-owner Mohsin Issa to step back his involvement. Last week, the supermarket saw its like-for-like sales drop 5.3% in Q2 while its market share fell to 12.7%, it was…
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9 AugustNews
Today’s news in brief-9/8/24
Recent riots and protests across UK towns have significantly deterred shoppers, leading to a 4.8% decrease in footfall across high streets and retail destinations. Regional cities like North Yorkshire and the West Midlands were hardest hit, experiencing declines as steep as 12.9%. The Retail Trust has reported an increase in…
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9 AugustSupermarkets
Asda revenues fall 2.2% in Q2
Asda has revealed that its total revenues fell 2.2% excluding fuel, to £5.3bn for the three months ended 30 June 2024 with like-for-like sales 5.3% lower. Despite this, Asda delivered total revenue growth, excl. fuel, of 2% in H1, with a 2.1% decline in LFL sales. The supermarket also increased…
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8 AugustNews
Ocado Retail launches reusable packaging pilot with Refill Coalition
Ocado Retail has become the first major supermarket to pilot a new reusable packaging scheme in partnership with the Refill Coalition, in an effort to reduce the use of single-use packaging from customers’ weekly shops. The trial, staged across two phases, will use a reusable vessel, developed specifically to deliver…
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7 AugustSupermarkets
Morrisons extends Too Good To Go partnership to combat food waste
Morrisons is extending its partnership with Too Good To Go, a global marketplace for surplus food, so that customers can purchase ‘Surprise Bags’ from 930 of its Morrisons Daily convenience stores to help combat food waste. During a successful trial in various locations across north England, the midlands and Wales,…
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6 AugustSupermarkets
Sainsbury’s to ‘transform customer experience’ with new AI deal
Sainsbury’s has announced it has signed a seven-year deal with NCR Voyix to help “transform its shopping experience”. The deal will see the supermarket upgrade its checkout technology by rolling out the NCR Voyix Commerce Platform, Point of Sale Solutions (POS) and Next Generation Self-Checkout systems to 22,500 checkouts. Sainsbury’s…
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1 AugustSupermarkets
Asda co-owner to invest £30m amid weakening market share
Asda co-owner Mohsin Issa will reportedly invest £30m into the supermarket chain in a bid to mitigate its loss of market share, The Telegraph has revealed. It is understood that the investment will be made before the end of the year and will aid the retailer in increasing staffing hours…
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Jul- 2024 -31 JulySupermarkets
Aldi to open four new London stores by end of 2024
Aldi has announced it is set to open four new stores in the capital between now and the end of the year. New stores in Leytonstone and Beckton are set to open in the next couple of months, while Holloway Road and Muswell Hill are also gearing up to welcome…
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30 JulySupermarkets
Under 50% of staff confident in Asda’s strategy, survey finds
Asda is reportedly facing a crisis of confidence from its staff after only 47% said they were confident in the company’s long-term strategic plan in its annual survey, according to The Telegraph. The outlet reported that only 48% of the 75,591 employees who participated in the supermarket’s survey felt they…
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29 JulyNews
Today’s news in brief-29/7/24
Ted Baker is reportedly considering closing all its UK stores within weeks. After entering administration earlier this year, the fashion retailer has already shut 15 stores, resulting in job losses. The brand, now owned by Authentic Brands Group (ABG), is seeking a partner to manage its UK and Europe operations.…
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