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- 2022 -11 OctoberSupermarkets
CMA set to greenlight Morrisons’ McColl’s takeover
The Competition and Markets Authority (CMA) is set to greenlight Morissons’ proposal to acquire McColl’s after accepting proposals for the supermarket giant to sell 28 stores to address competition concerns. It comes as the authority launched an investigation into Morrisons’ proposed £190m purchase of McColl’s-owned stores last July. Following Phase…
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6 OctoberSupermarkets
Aldi to recruit 3,000 Christmas roles
Aldi has announced that it is set to create around 3,000 new jobs ahead of the festive period this year as it prepares for its “biggest-ever Christmas” as customers are switching over to the supermarket. Over 2,000 temporary and permanent store positions are being made available to help replenish stock…
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5 OctoberSupermarkets
Lidl GB to recruit over 1,000 roles
Lidl GB has revealed it will be recruiting for over 1,000 new hourly paid roles over the next five months. The roles will span across stores and warehouses and include customer assistants, cleaners and warehouse operatives. It said new recruits will earn a minimum of £10.90 an hour outside of…
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5 OctoberSupermarkets
Tesco raises pay despite profit hit
Tesco has seen its profits tumble in the first half of the year, with profit before tax plummeting by 64% to £413m, as the group contends with “significant” cost inflation and changing consumer habits. Nonetheless, revenues rose by 6.7% to £32.5bn in the period, while the group announced it would…
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3 OctoberSupermarkets
Morrisons faces £100m hit to borrowing costs amid debt pile up
Morrisons is facing a near-£100m hit to its borrowing costs amid market turmoil adding pressure on the supermarket chain. According to The Times, over half of the grocer’s longer-term debt is at a floating rate and it has no interest hedging in place. Ratings agency Moody’s reportedly estimates that recent…
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Sep- 2022 -26 SeptemberSupermarkets
Aldi doubles down on price promise to customers amid rising costs
Budget supermarket retailer, Aldi, has pledged to continue to provide the lowest grocery prices in the UK to help households “meet soaring living costs”. The news comes as the company is said to have attracted 1.5 million extra customers to its stores over the past 12 weeks as “squeezed” shoppers…
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26 SeptemberNews
Sainsbury’s property deal with LXi REIT falls through
Property investor LXi REIT has announced it is pulling out from a deal to buy 18 Sainsbury’s stores in southern England after suspending an equity funding, citing stock market volatility. LXi had last Wednesday (21 September) said it was in talks with the grocer to buy 18 supermarkets for £500m…
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23 SeptemberSupermarkets
Lidl ups pay rise to become highest paying supermarket
Lidl GB has announced plans to increase the hourly pay rate of all store and warehouse colleagues next week, representing a £39.5m investment by the discounter, and a combined total of £50m into hourly pay rates this year. From 1 October 2022, Lidl will increase entry-level rates from £10.10 to…
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14 SeptemberEconomy
Inflation falls in August but remains near 40-year high
UK inflation eased slightly in August to 9.9%, down from 10.1% in July, but remains near a 40-year high as prices continue to rise, according to the latest figures from the Office for National Statistics (ONS). On a monthly basis, CPI rose by 0.5% in August 2022, compared with a…
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14 SeptemberSupermarkets
Sainsbury’s staff to see pay increase amid £25m support package
Sainsbury’s has unveiled a £25m cost-of-living support package for hourly paid employees to help support them with rising household costs, £20m of which will go towards a pay increase. Employees will receive an Autumn pay increase outside of their annual pay review, in what the group called an “unprecedented” step…
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