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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Mar- 2021 -23 MarchSupermarkets
McColls profit dips in FY20 despite rising convenience demand
McColls has announced that its profit for the year ended 29 November 2020 slipped by 4.7% to £300.9m, despite noting that demand for its local convenience retail offering has “never been higher”. Whilst pre-tax profit fell from £7.4m to £1.1m, sales were up by 3.2% to £1.258bn in the period,…
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22 MarchSupermarkets
Iceland spends £150m on deals despite pocketing £40m Covid relief
Iceland’s owners have taken and spent £150m from the supermarket chain since the beginning of the pandemic, despite refusing to repay business rates relief, according to The Sunday Times. The company’s recent investor presentations revealed that Sir Malcolm Waker, Iceland’s founder, used £141m to purchase former shareholder Brait and acquire…
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19 MarchPeople Moves
Asda CEO Roger Burnley to step down
Asda has confirmed that CEO and president Roger Burnley will step away from the business next year, once the supermarket has fully transitioned to new ownership and his long-term successor is in place. Burnley has been CEO since January 2018, having joined the business in 2016 as deputy CEO. A…
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17 MarchSupermarkets
Jiffy secures £2.6m funding to aid UK launch
Jiffy, a new online supermarket, has raised £2.6m in an initial seed-funding round to support its UK launch. The investment round was led by venture capital fund LVL1 Group, and joined by AddVenture, TA Ventures, Vladimir Kholiaznikov, as well as a number of angel investors. With a leadership team comprising…
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11 MarchSupermarkets
Morrisons remains ‘confident’ despite 62% fall in profits
Morrisons has said it expects to see profits recover this financial year, after it experienced a 62% decrease in pre-tax profits during 2020 due to costs brought on by the pandemic. Last year, the ‘Big-Four’ grocer saw like-for-like sales grow by 8.6%, as consumers flocked to supermarkets throughout the pandemic. …
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11 MarchSupermarkets
Aldi set to fund 60 produce industry apprenticeships
Aldi has announced its plans to fund 60 produce industry apprenticeships over the next two years, in partnership with Management Development Services Ltd (MDS). The supermarket chain has worked with MDS, which provides industry training and apprenticeship schemes, since 2016. As part of its Apprenticeship Levy, Aldi will be funding…
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9 MarchNews
Consumer spending falls 13.8% in February
Consumer spending fell 13.8% year-on-year in February as lockdown restrictions continued, yet some sectors were able to bounce back, according to data from Barclaycard. The data revealed that spending on essential items grew 5.3% which was boosted by food and drink specialist stores – including butchers, greengrocers, fresh food box…
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8 MarchSupermarkets
Issa Bros considering adding nail bars and salons to Asda offering
Mohsin and Zuber, the new owners of Asda, are reportedly considering adding nail bars, salons and cafes to the supermarkets offering while reducing grocery floor space. According to The Sunday Times, the Issa Brothers are considering reducing the grocery floor space in stores by up to a quarter in order…
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8 MarchSupermarkets
Morrisons pledges to have first net zero UK farms by 2030
Morrisons has announced its pledge to become the first UK supermarket to be solely supplied by net zero farms by 2030. Currently, agriculture in Britain represents 10% of all greenhouse gas emissions in the country and the grocery retailer’s commitment would be five years ahead of the market. The supermarket…
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5 MarchSupermarkets
Morrisons could drop out of FTSE 100, say analysts
Morrisons is reportedly set to fall out of the FTSE 100 for the first time in half a decade, according to The Guardian. Retail analysts predict that the public’s overspending on groceries, resulting from consumer shifts during the pandemic, will begin to wane in the coming months. With the quarterly…
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