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Asda's latest quarterly sales decline hints at improved trading

Tuesday 21 February 2017 - Posted by Elias Jahshan

Asda has recorded another dip in quarterly sales, but the supermarket chain is showing signs that turnaround efforts are beginning to pay off. The Big 4 grocer posted a 2.9 per cent dip in like-for-like sales in its fourth quarter, making it the 10th consecutive quarter of sal...


Morrisons launches campaign to recruit 200 new UK food suppliers

Friday 17 February 2017 - Posted by Elias Jahshan

Morrisons has started an initiative to recruit more than 200 new UK food suppliers within the next years to cut the reliance on foreign products. The news comes after a report commissioned by the Big 4 grocer found that only 52 per cent of what the UK eats comes from the count...


Which? survey crowns Waitrose for 3rd consecutive year

Thursday 16 February 2017 - Posted by Ben Stevens

Which? has announced the results of its supermarket consumer satisfaction survey, with Waitrose, Iceland and Marks & Spencer taking the top spots. Upmarket grocer Waitrose was awarded best for in-store experience, closely followed by M&S and discounters Aldi and Lidl in joint ...


Tesco wants to double click-and-collect spots to 8000

Tuesday 14 February 2017 - Posted by Elias Jahshan

The chief executive of Tesco has revealed plans to rapidly expand the grocer’s click-and-collect spots following its acquisition of Booker. Mentioned in a conference call with City analysts after the announcement of the surprise acquisition, Tesco boss Dave Lewis said the prop...


Co-op Bank goes up for sale

Monday 13 February 2017 - Posted by Ben Stevens

Co-op has announced that its banking arm will put itself up for sale, as it continues to underperform and make substantial losses. The grocery company will sell all of its shares in Co-op Bank, which almost led to the collapse of the retailer in 2013 after it racked up a £1 bi...


BBC investigation finds Tesco short-changing customers on outdated promotions

Monday 13 February 2017 - Posted by Elias Jahshan

A new BBC investigation has found that Tesco was overcharging customers on multi-buy offers at two-thirds of its stores. The investigation, which will air on tonight’s episode of Inside Out, has prompted the supermarket giant to check the prices of all items in every one of it...


Asda, DFS, Harrods beat other retailers in Certified Top Employers list

Friday 10 February 2017 - Posted by Elias Jahshan

Asda, DFS and Harrods have all just been recognised as three of the UK’s top 78 employers on the Top Employers Institute’s annual list of Certified Top Employers. The three companies are the only retailers to have been honoured with the international accolade, announced by the...


Wal-Mart steps up clout to save struggling UK arm Asda

Thursday 09 February 2017 - Posted by Elias Jahshan

Wal-Mart is set to leverage its struggling British arm Asda after admitting it was slow to respond to the threat of discount supermarket chains Aldi and Lidl. The US retail behemoth, which is also regarded as the world’s biggest retailer, acquired the British grocery chain in ...


Price of average grocery basket falls by 3%

Wednesday 08 February 2017 - Posted by Elias Jahshan

The start of the year saw the price of an average basket of grocery items fall by three per cent compared to January 2016. According to grocery price comparison site mySupermarket, shoppers are paying 15 per cent less for apples, 11 per cent less for grapes and nine per cent l...


Lidl CEO resigns over internal "disagreements"

Wednesday 08 February 2017 - Posted by Ben Stevens

Sven Seidel has announced a shock departure from German discount supermarket Lidl, amid conflict with its owners. Following a near three-year stint as chief executive of the group, Lidl’s boss will be replaced by long standing board member Jesper Højer. His sudden departure is...