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- 2023 -11 OctoberNews
Asda invests £9m to cut price of over 200 products
Asda has today announced further price cuts on 232 branded and own-label products as part of its continued support for families affected by the cost of living crisis. The supermarket is investing £9m to lower prices by an average of 14% on many of the most popular products that customers…
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9 OctoberNews
Today’s news in brief-09/10/23
Frasers Group CEO Michael Murray has announced a significant shift away from the traditional department store model for House of Fraser. Murray aims to “rethink the space” by incorporating Frasers Group’s own brands and potentially phasing out the House of Fraser brand altogether. This transformation seeks to address previous issues,…
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9 OctoberNews
Asda rebrands first 11 Co-op sites into Express stores
Asda has launched its programme to convert 116 convenience stores and attached petrol station forecourts acquired from the Co-op Group last year to its Asda Express convenience brand. The 11 sites are the first tranche to be rebranded Asda Express, with the remaining 105 sites due to be converted by…
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9 OctoberSupermarkets
Aldi to recruit 3,000 roles ahead of Christmas
Aldi has revealed it is recruiting for 3,000 store roles ahead of the festive period. The supermarket is looking to hire for both temporary and permanent store positions to help replenish stock and provide further assistance to customers during the busy Christmas season. Roles available will include store assistants, managerial…
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9 OctoberNews
Waitrose in talks with Amazon over grocery deal
Waitrose is reportedly in talks with Amazon to consider selling groceries on the platform in a bid to regain market share lost to other discount retailers, The Telegraph has revealed. The pair are reportedly considering a new third-party deal, three years after Waitrose severed ties with Ocado. Recently, Amazon struck…
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6 OctoberNews
Today’s news in brief-06/10/23
Pandora has raised its revenue guidance for the year to DKK 34-36bn (£4.2-4.5bn) following a surge in store sales. As part of its Phoenix strategy, the company plans to increase investments to enhance revenue growth, brand desirability, and expand its store network. This includes positioning itself as an affordable luxury…
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6 OctoberNews
Sainsbury’s is priciest supermarket for a big shop, says Which?
Sainsbury’s is the priciest supermarket for a big shop if you don’t use a loyalty card, according to claims by Which? in its most recent analysis. The grocer overtook Waitrose for the first time in the monthly analysis, which has been running for years, becoming the most expensive supermarket to…
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5 OctoberSupermarkets
Asda signs TCS deal to overhaul IT operating model
Asda has signed a multi-year partnership with Tata Consultancy Services (TCS) to support its digital transformation and implement a new organisation-wide IT operating model. The move follows its separation from former owner Walmart, with TCS noting its cloud, AI, and security solutions will now help ASDA deliver the divestiture “smoothly,…
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4 OctoberNews
Today’s news in brief-04/10/23
Aurelius Group, the parent company of Lloyds Pharmacy, has reportedly emerged as a contender in the race to acquire The Body Shop. This places Aurelius Group alongside Elliot Advisors, owner of Waterstones, and private equity firm Epiris as potential buyers. The move comes following The Body Shop’s decision to put…
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4 OctoberSupermarkets
Tesco raises forecast amid strong H1
Tesco has reported adjusted operating profits of £1.3bn in the UK, an increase of 17.2%, as like-for-like sales across the group increased 7.8% and inflation fell across H1. As a result, it now expects to deliver between £2.6bn and £2.7bn in retail adjusted operating profit for the 2023/24 financial year.…
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