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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May- 2024 -31 MayNews
Tesco signs new wind farm deal to accelerate renewable energy projects
Tesco has announced it has signed a new deal to take 150GWh of power from Stranoch wind farm every year. The wind farm, being built by EDF Renewables UK, has started construction this week and is due to become operational in 2026 generating 102MW, with 20 turbines located on the…
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31 MaySupermarkets
Supermarkets enjoy 3.3% sales boost in May
Total Till sales at UK supermarkets remained strong at +3.3% growth for the four weeks ending 18 May 2024, according to new data released today by NIQ. This is in line with figures reported last month (+3.4%) and is attributed to the brief period of hot weather during the week…
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31 MayNews
Aldi signs news £750m deal with British apple grower
Aldi has signed a new £750m deal with a family-owned Kent-based fruit farm to continue being the supplier of apples and pears. AC Goatham and Son has supplied Britain’s fourth largest supermarket with a variety of apples and pears since 2016 and was announced earlier last year as Aldi’s sole…
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24 MayNews
Today’s news in brief-24/5/24
In April, retail sales volumes dropped by 2.3% following a 0.2% decline in March, primarily due to ongoing wet weather, as reported by the Office for National Statistics (ONS). Non-food stores experienced a significant 4.1% fall, equalling the largest drop since January 2021, with clothing, sports equipment, and furniture retailers…
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24 MaySupermarkets
Morrisons warehouse staff strike over pensions
Morrisons has warned of disruption as almost 1000 warehouse workers have walked out for the next three days in a row over pensions. Workers at Morrisons distribution centres Gadbrook, Cheshire, and Wakefield, West Yorkshire have begun the first of two strikes. The employees claim that Morrisons is attempting to cut…
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20 MayNews
Today’s news in brief-20/5/24
Asda reported a robust financial performance for Q1 2024, with a 6.6% increase in total revenues (excluding fuel) to £5.3bn and a 1.4% rise in like-for-like sales. The supermarket chain saw notable growth in its George at Asda clothing line and homewares, with the latter boosted by the new Stacey…
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20 MaySupermarkets
Asda revenues surge to £5.3bn in Q1
Asda has reported a 6.6% increase in total revenues (excluding fuel) to £5.3bn and 1.4% growth in like-for-like sales for the first quarter ended 31 March. The supermarket’s continued growth in total revenues, like-for-like sales and margin improvement in food and non-food includes a particularly strong contribution from George at…
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20 MaySupermarkets
French conglomerate sues Morrisons over £2.5bn petrol forecourts deal
Bouygues, a French conglomerate, is reportedly looking to block Morrisons’ £2.5bn deal to sell over 300 of its petrol forecourts to Motor Fuel Group (MFG). According to The Times, Equans EV Solutions, a subsidiary of the giant, which is worth €13bn (£11bn), is suing the supermarket for an alleged breach…
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17 MayNews
Today’s news in brief-17/5/24
Asos is set to enter the Indian market through a new long-term partnership with Reliance Retail, marking Asos’ first country-wide exclusive retail partnership. Reliance Retail will manage the exclusive retail presence of Asos’s brands both online and offline across India, utilising various retail formats including exclusive brand stores and digital…
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17 MayNews
Ocado’s net-zero targets validated by Science Based Targets Initiative
Ocado, the world’s largest dedicated online supermarket, operated by Ocado Retail, is amongst the first grocery retailers to have SBTi-validated targets including those originating from forests, land and agriculture (FLAG). The Science Based Targets initiative (SBTi) is a global body enabling businesses to set ambitious emissions reductions targets in line…
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