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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Sep- 2024 -26 SeptemberNews
Co-op turns to AI to combat rise in crime
Co-op will use artificial intelligence to combat theft offenders following a spike in crimes, The Guardian has revealed. According to the grocer, in the first half of the year crime rose by almost 20% to £40m, which prompted the supermarket to spend £18m on measures to protect staff in its…
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24 SeptemberNews
Today’s news in brief-24/9/24
Harrods has launched an internal investigation to determine if any current staff were involved in allegations of rape and sexual assault made against its former owner, Mohamed Al Fayed. The inquiry follows a BBC documentary and podcast titled Predator at Harrods, which detailed claims made by multiple women who worked…
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24 SeptemberSupermarkets
Over 150 MPs call on Asda to end equal pay dispute
More than 150 MPs have written to Asda bosses calling for them to end an ongoing equal pay dispute, the GMB Union has said. According to the union, 159 MPs have written to majority owner TDR Capital urging it to settle the legal battle, which has seen “tens of thousands” of…
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19 SeptemberNews
Co-op rolls out 24-hr delivery service for city centre customers
Co-op has unveiled a 24-hour delivery service for customers living near city centre stores as the supermarket responds to growing demand for grocery delivery services. New research from Co-op shows that over 40% of q-comm shoppers would use a 11pm to 5am delivery service if available. This figure rises to…
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19 SeptemberPeople Moves
Stuart Rose to lead Asda as Mohsin Issa steps back
Asda has announced that Mohsin Issa is set to step down from his executive responsibilities at the supermarket to focus on his previously-announced role as sole CEO of EG Group. Chair Stuart Rose will assume his responsibilities alongside Rob Hattrell, a partner at TDR Capital and a director on the…
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18 SeptemberNews
Today’s news in brief-18/9/24
UK inflation held steady at 2.2% in August, unchanged from July and slightly above the Bank of England’s 2% target. The stability came despite falling food and energy prices, offset by a 1.2% rise in transport costs, driven notably by a 22.2% increase in air fares. Clothing and retail prices…
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12 SeptemberSupermarkets
Tesco loses ‘fire and rehire’ case at Supreme Court
Tesco has been blocked from its ability to dismiss staff at certain distribution centres and rehire them on lower pay, the Supreme Court has ruled. In a judgement passed today (12 September), five Supreme Court justices ruled on the motion unanimously. In 2021, trade union Usdaw took legal action over the…
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12 SeptemberDepartment Stores
John Lewis narrows pre-tax losses to £30m
The John Lewis Partnership has revealed that its losses-before-tax closed to £30m, down from £59m, a decrease of 49%, for the 26 weeks ended 27 July 2024. Alongside this, the retailer’s losses-before-tax and exceptional items reduced by 91% from £57m down to just £5m. Overall, the company’s total revenue rose…
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12 SeptemberSupermarkets
Iceland expands product range in latest innovation push
Iceland Foods and The Food Warehouse have announced the launch of over 800 new products as part of its latest innovation push. The new products land in store and online from this week and include a variety of “exclusive” product offerings, including a launch of Jamie Oliver’s new frozen dishes.…
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9 SeptemberNews
Today’s news in brief-9/9/24
Asos has declined a £215m bid for Topshop from Shein and Authentic Brands Group, choosing instead to proceed with a joint venture alongside Heartland, an investment firm owned by retail billionaire Anders Povlsen. This decision values Topshop and Topman at £180m, with Asos selling a 75% stake for £135m. The…
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