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 -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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2 OctoberNews
Tesco rolls out protective screens for retail workers
Tesco is introducing new protective screens at hundreds of Express stores and petrol station kiosks in a further bid to protect its colleagues from assault. The supermarket, which has already rolled out body cameras across its stores as part of a range of measures to protect colleagues, is making the…
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2 OctoberSupermarkets
Lidl sees interest bill treble to £108m
Lidl’s UK arm has been hit by a rise in its borrowing costs, with its interest bill on debts almost trebling to £108m, according to This Is Money. The paper said this marked the “first serious setback” for Lidl in its UK operations, which has seen its share of the…
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2 OctoberNews
Iceland boss quits plan to become Tory MP
Iceland boss, Richard Walker, has reportedly quit plans to become a Conservative MP as he accused the party of having “drifted badly out of touch” with the needs of the British people. Walker, whose father founded the supermarket chain Iceland, announced his plans to stand as a Tory MP last…
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Sep- 2023 -28 SeptemberSupermarkets
Morrisons sales hit £3.8bn in Q3
Morrisons has reported that like-for-like sales not including fuel, increased by 2.9% during Q3 ended 30 July, increasing its total sales by 3.1% to £3.8bn. The supermarket chain has attributed this to its focus on competitive pricing, inflation being below the market, and further investment in its ‘Price Locked Low’…
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27 SeptemberNews
Today’s news in brief-27/09/23
Tesco is freezing prices on over 1,000 items until 2024 in response to the cost-of-living crisis. Products like Typhoo One Cup teabags, Jacobs’ Cream Crackers, and Aquafresh Toothpaste are included. The supermarket is continuously cutting prices, with recent reductions on items like Andrex Toilet Tissue, Free From white rolls, and…
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27 SeptemberSupermarkets
Tesco locks prices on 1,000 products until 2024
Tesco is locking the price of more than 1,000 products until 2024, as consumers continue to face the cost-of-living crisis. Among the 1,000-plus everyday items to have their price locked as part of the latest round of Low Everyday Prices are Typhoo One Cup teabags, Jacobs’ Cream Crackers and Aquafresh…
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