Tesco
-
Jun- 2025 -16 JuneHigh Street
Largest retailers to pay £600m extra in business rates from 2026
Major supermarkets and West End stores are set to pay an extra £600m in business rates from April 2026 following government reforms, according to analysis by property firm Colliers for The Times. The changes will lower the business rates multiplier for smaller retail, hospitality and leisure sites, with the shortfall recouped by…
Read More » -
12 JunePeople Moves
Dobbies appoints two new directors in executive reshuffle
Dobbies Garden Centre has announced the appointment of two new directors, George Hutchinson and Richard Herbert, as part of efforts to strengthen its executive team. News of the appointments comes as operations director, Nick Anderson, steps down after 12 years with the business. Hutchinson previously served as regional operations director…
Read More » -
12 JuneSupermarkets
Tesco Q1 sales rise 4.6% despite ‘intensely competitive’ market
Tesco has welcomed rising sales and a growing market share in Q1 despite an “intensely competitive” market, with group like-for-like sales up by 4.6% to £16.4bn over the period. In the 13 weeks to 24 May, its UK market share grew by +44bps year-on-year to 28%, with 24 consecutive four-week…
Read More » -
6 JuneNews
Morrisons names Emma Macey as trading director for general merchandise
Morrisons has announced it has appointed Emma Macey as its new trading director for general merchandise. Announcing the appointment on Linkedin, Morrisons said Macey brings with her over two decades of commercial retail experience; most recently at Asda, where she held a number of senior roles across commercial, e-commerce, retail…
Read More » -
4 JuneSupermarkets
Morrisons appoints former BP CMO as new chief marketing director
Morrisons has appointed Claire Farrant, former BP CMO/VP Mobility, as its new chief marketing director, effective 3 June 2025. Prior to BP, Farrant spent 18 years in senior roles in the UK grocery sector – over eight years as marketing director of Lidl UK and almost a decade in a…
Read More » -
4 JuneHigh Street
B&M profits slump as inflation hits
B&M has seen its profit-before-tax fall 13.2% to £431m, compared with the £498m it posted in the same period last year. This came as a result of UK inflation, with the company’s UK revenues falling 3.1%, despite its overall group revenue rising 3.7% to £5.57bn. B&M put this revenue increase…
Read More » -
2 JuneFeatures
Is kidswear holding fashion retailers back?
Children’s apparel rarely commands the spotlight in retail reporting – but when it underperforms, the drag is felt quietly across the balance sheet. In its latest financial results, Adena Brands – owner of Monsoon and Accessorize – reported a £7.5m pre-tax loss and an 11% decline in group sales. The…
Read More » -
2 JuneSupermarkets
Tesco to trial shorter trading hours at Express stores
Tesco is reportedly looking to close a selection of its convenience-format stores an hour earlier than usual, according to The Telegraph. This potential change is said to be due to a £235m increase in staff costs following adjustments to National Insurance contributions, which came into effect in April. As a…
Read More » -
May- 2025 -30 MaySupermarkets
Discounters win out as grocery sales growth slows to 3% after Easter
Total Till sales growth slowed to +3% at UK supermarkets in the last four weeks ending 17 May 2025, following +9.6% recorded last month following a boost in Easter sales, according to new data released by NielsenIQ (NIQ). NIQ said the lower growth rate is a “reset” as shoppers reign…
Read More » -
23 MayNews-In-Brief
Today’s news in brief-23/5/25
Tesco UK CEO Matthew Barnes has stepped down after just one year in the role to pursue other opportunities. He will be replaced by Ashwin Prasad, Tesco’s current chief commercial officer, from 30 June. Prasad brings extensive retail experience, having been part of Tesco’s executive team since 2020. Meanwhile, Natasha…
Read More »
