Petrol price wars ease as forecourt retailers see profits rocket December 14, 2021 Supermarkets such as Asda have eased competition in their fight to attract customers to their fuel and diesel pumps, as prices and profits rocket. Data from the RAC showed that last week’s price of petrol was 146.9p while the price of diesel continued to hike, reaching a record 150.80p. According to a Times analysis, the [...]
Asda workers join supermarket strike action threats December 7, 2021 Asda workers have joined Tesco staff in threatening staff action over pay, with both supermarkets anxious to mitigate disruption for shoppers ahead of Christmas. Union GMB is balloting Asda workers over a potential strike after it described the supermarket as “not taking workers seriously” over pay despite “rampant” inflation. The ballot closes on 20 December, [...]
Asda sales dip as supermarket charters cargo ship to ensure Christmas stock availability November 29, 2021 Asda has reported a fall in underlying quarterly sales as it said it chartered its own cargo ship to ensure Christmas decorations and toys make it to UK shelves. The supermarket, owned by the billionaire Issa brothers and private equity firm TDR Capital, said like-for-like sales, excluding fuel, fell 0.7 per cent year-on-year in the [...]
George at Asda launches treasure hunt for second-hand Gucci items November 25, 2021 Supermarket Asda has teamed up with vintage wholesaler PreLoved, ahead of the anticipated release of Ridley Scott’s House of Gucci. Some 30 exclusive pieces have been hidden across 50 Asda stores across the country, with shoppers encouraged to hunt for second-hand items. Pieces will be on sale for as little as £12. With the latest [...]
Asda’s Issa brothers close to $300m US convenience store takeover November 3, 2021 The billionaire brothers behind EG Group and Asda are almost at the finish line for a deal to acquire Sprint Food Stores, a US convenience store chain, for $300m. The move would mean the tycoons would extend their presence in the US to 33 states, according to Sky News, who first reported news of the [...]
Asda to hire 15,000 workers as first Christmas delivery slots become available today October 19, 2021 Asda said this morning it is seeking to recruit 15,000 workers to help the supermarket giant with the busy Christmas period. It will be hiring the temporary workers for a raft of roles including in its stores, depots and home delivery service. About 500 roles will be based in depots, 1,500 in home delivery roles, [...]
Asda deal to sell petrol forecourts to EG Group terminated October 18, 2021 The Issa brothers have decided to terminate EG Group’s acquisition of Asda’s petrol forecourt business. In an update on Monday, Asda said the termination came after the supermarket and the Issa brothers’ EG were allowed to share commercial information with one another. They had been previously restricted under UK competitive law but a ‘hold separate’ [...]
Asda rolls out one-hour home delivery service across 96 stores October 8, 2021 Asda said this morning it is planning to extend its one-hour express delivery service to 96 stores following a successful trial over the summer. The service gives customers access to Asda’s full online range of more than 30,000 grocery products for delivery within the hour if they live within a three-mile radius of a store [...]
Supermarkets bleed sales thanks to food shortages October 3, 2021 The country’s largest supermarkets have lost out on more than £2bn sales this year so far thanks to food shortages. Leading retailers – Tesco, Sainsbury’s, Asda and Morrisons – lost out on sales during the first nine months of the year, according to data shared with trade magazine The Grocer. The sector has been hit [...]
Out with the old, in with the Issas: Asda execs quit as supermarket plots 230 petrol station stores September 3, 2021 In the first full quarter trading update since billionaire brothers Mohsin and Zuber Issa bought Asda for £6.8bn last year, the supermarket chain announced two more top executives were leaving, as it ramps up its petrol convenience store business. The UK’s third-largest supermarket today announced that both chief operating officer Anthony Hemmerdinger and chief strategy [...]