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  • Struggles continue at Asda as new owner looks to turn around supermarket giant

    November 12, 2024

    The continuing struggles at supermarket giant Asda have been revealed with both Tesco and Sainsbury’s hoovering up its market share in the UK, according to new figures. Sales at the Leeds-based grocer totalled £4.242bn in the 12 weeks to 3 November, 2024, down from the £4.490bn it reported for the same period last year, the [...]

  • How American Express UK is looking to crack Gen Z

    October 24, 2024

    American Express’s UK boss, Hannah Lewis, sits down with City AM to talk breaking into a younger markets and shaking up its image. “Do you take Amex?”  It’s a question that has slipped so far into the cultural lexicon there are even memes about it. Scroll through a dedicated Reddit page on American Express and [...]

  • The ‘battle for value is on’ at UK grocers as supermarkets push discounts

    October 8, 2024

    Higher spending at supermarkets over the last month has been driven by sales of discounted goods as grocers compete to bring financially-stretched customers through their doors, according to fresh data. Grocery price inflation increased slightly to two per cent during the four weeks to 29 September, up from 1.7 per cent last month, according to [...]

  • Mohsin Issa to step away from Asda as search for CEO continues

    September 18, 2024

    Supermarket giant Asda has announced that Mohsin Issa will step away from his executive leadership role to focus on his position as sole chief executive of petrol forecourts business, EG Group. Lord Stuart Rose will assume Mohsin’s responsibilities alongside TDR Capital partner Rob Hattrell, the Leeds-headquartered grocer said, while Mohsin Issa will remain a co-owner [...]

  • RideLondon cancelled for 2025 as organisers make new plans

    September 11, 2024

    London sporting staple RideLondon has been cancelled for 2025 with organisers planning on revamping the event. The two-wheeled cycling stage was first held in 2013 as part of the London 2012 Olympic Games legacy and now sees mass participation, alongside UCI WorldTour racing, across 100 miles around the capital and Essex, having initially been in [...]

  • Grocery inflation stabilises, but Brits still concerned about shopping costs

    September 10, 2024

    Grocery inflation has returned to its downward trend but nearly two thirds of Brits remain worried about the rising cost of their shopping, according to fresh data. Annual grocery price inflation in the four weeks to 1 September fell to 1.7 per cent, down from 1.8 per cent in the previous four-week period, according to [...]

  • Why are convenience stores all the rage?

    August 22, 2024

    Earlier this week, Waitrose became the latest UK grocer to announce a big push into the convenience store market. The supermarket giant will open 100 stores in the next five years as part of a $1bn investment plan.  Waitrose follows Asda, Morrisons (with its McColl’s estate), Tesco, Sainsbury’s and the Co-op in ploughing ahead with [...]

  • Asda continues to lose market share while grocery inflation rises for first time since March 2023

    August 13, 2024

    Asda and the Co-op have continued to lose market share while a rise in grocery inflation has led to overall sales increasing significantly for Tesco, Sainsbury’s and Lidl. Take-home sales at the grocers rose by 3.8 per cent in the four weeks to August 4, 2024, compared with the same period a year ago, according [...]

  • Who is Asda’s chair and why does he want Mohsin Issa to step away?

    August 12, 2024

    Depending on your age and your attention span towards the in and outs of the UK retail scene, you may or may not have heard of Lord Stuart Rose.  Knighted in 2008 for his services to the retail industry, he has spent twenty years running some of the biggest names in UK retail: Argos, Marks [...]

  • Inside Asda’s turnaround plan to win back customers from supermarket rivals

    August 9, 2024

    It’s a difficult time to be at Asda’s helm – with sales down as well as competitors eating into its market share, the supermarket giant has announced an ambitious three-point turnaround plan to stave off further declines. Without a permanent CEO – the position has been empty since 2021 and filled on an interim basis [...]

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