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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Jun- 2023 -19 JuneSupermarkets
Morrisons invests £26m in sixth course of price cuts
Morrisons has announced that it will spend £26m on cutting prices in its stores for the sixth time this year. The supermarket stated that 47 high-volume products have been cut in price by an average of over 25%, with the new prices being held for a minimum of eight weeks.…
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16 JuneSupermarkets
Tesco sales up 9% amid signs of easing inflation
Tesco has announced that its sales excluding fuel in the UK and Ireland have risen 9% to £13.8bn for the 13 weeks ended 27 May 2023. Overall, the company posted sales of £14.8bn across its stores in the UK, Ireland and Central Europe including Booker, an increase of 8.2%. This…
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15 JuneSupermarkets
Issa Brothers near £650m Asda property sale
Mohsin and Zuber Issa are on the brink of selling a part of Asda’s property portfolio to a US investor in a deal worth £650m, The Times has reported. According to The Times’ understanding, following a “competitive” bidding process, the New York-based investor Realty Income Corporation is close to buying…
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14 JuneSupermarkets
CMA orders Sainsbury’s and Asda to stop anti-competitive land agreements
Sainsbury’s and Asda have recently been ordered to stop using unlawful anti-competitive land agreements by the Competition and Markets Authority (CMA). The unlawful agreements include placing restrictions on land they own from being used by a rival supermarket, a move which doesn’t allow shoppers to have more choice and benefit…
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13 JuneSupermarkets
Aldi sees frozen fish and seafood volume market share soar
Aldi has increased its volume market share of frozen fish and seafood from 12.0% to 14.3% in the 12-week period ending 14 May 2023, according to the latest figures from Kantar. It now sells more frozen fish than any other retailer in the UK aside from Tesco, overtaking frozen food…
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13 JuneNews
Trust in supermarkets falls to nine-year low, Which? finds
Trust in the food industry has dropped to a nine-year low, Which? research finds, as two-thirds of consumers say they feel supermarkets are ripping people off in expensive convenience stores that fail to stock budget range foods. Which?’s monthly consumer insight tracker found that trust in the groceries industry dropped…
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12 JuneSupermarkets
Waitrose reveals further price cuts amid £100m investment
Waitrose has cut the prices of over 200 everyday supermarket items as part of the retailer’s £100m investment to lower customer’s bills. The price cuts, which can be found in every aisle and include cupboard staples from butter and tomato ketchup to Fairtrade caster sugar, are now at least 10%…
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9 JuneHigh Street
Timpson FY profits beat expectations at £40m
Timpson Group has welcomed full-year profits of £40.7m in FY22, up from £24.5m the prior year, “way beyond” the group’s expectations as it benefited from the lifting of Covid restrictions. In the full-year ended 1 October 2022, its turnover also hit £297.4m, up from £212.2m the year before. The group…
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9 JuneSupermarkets
EG Group to amend and extend loan following Asda deal
Retail and petrol forecourt company, EG Group, has announced that it will seek to amend and extend its banking loans following the sale of its UK operations to Asda’s Issa Brothers. This three-year amendment and extension will reportedly apply to the group’s remaining $3.4bn (£2.7bn) of term loans due in…
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8 JuneNews
Aldi to open 5 new sites
Supermarket chain Aldi is set to open five new stores across the UK in the coming weeks. The grocer, which currently has more than 990 UK stores, will be opening new locations in June including Southampton and Whittlesey. Further stores in Norwich, Castle Donington and Porthcawl will also open in…
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