Asda puts 5,000 jobs at risk in online shopping push February 25, 2021 Asda has put around 5,000 jobs at risk as it aims to simplify the business and focus on its online shopping offer. The grocer this morning said it had begun formal consultations with 5,000 employees, but that it will create 4,500 new jobs in online operations this year. The supermarket has proposed the simplification of [...]
Asda web sales soared 76 per cent ahead of billionaire Issa brothers takeover February 18, 2021 Asda web sales soared 76 per cent in ahead of billionaire Issa brothers takeover
Asda’s petrol station business sold to EG Group for £750m as part of takeover deal February 3, 2021 The Issa brothers and TDR Capital have announced that they will sell Asda’s petrol station business to EG Group, which they also own, for £750m after they complete their deal to buy the supermarket giant. The consortium announced this morning that the Asda deal is expected to complete later this month, subject to regulatory approval. [...]
Asda to offer in-store Covid-19 vaccinations January 13, 2021 Asda will become the first UK supermarket to offer in-store Covid-19 vaccinations after striking a deal with public health officials. The vaccination centre at the grocer’s Birmingham store will operate 8am to 8pm, seven days a week, and will have the capacity to administer 250 jabs per day. The site is the first Asda pharmacy [...]
UK supermarket sales soar to record-breaking £11.7bn in December January 5, 2021 UK supermarkets recorded their busiest ever month in December as grocery sales soared to £11.7bn amid bar and restaurant closures during the festive period. Morrisons was the strongest performer of the Big Four UK supermarkets, with sales jumping 13.1 per cent, followed by Tesco, which toasted a 11.1 per cent rise in sales. Sainsbury’s recorded [...]
Asda ramps up partnerships strategy with Accessorize and Decathlon trials December 17, 2020 High street chains Accessorize and Decathlon have launched trials with Asda to sell products in supermarket stores, as retailers seek to adapt to new consumer shopping trends that have formed during the pandemic. Fashion and jewellery brand Accessorize will sell its products in an Asda West Midlands store as part of a “test and learn” [...]
Asda to close stores on Boxing Day so staff can see family December 9, 2020 Asda will not open its stores on Boxing Day, instead choosing to give thousands of employees the chance to stay home with loved ones. The supermarket said the decision was made in recognition of employees’ efforts as key workers during the Covid-19 pandemic. All 631 of Asda’s stores will close for two days over the [...]
CMA launches probe into billionaire brothers’ takeover of Asda December 8, 2020 The UK’s competition regulator has launched its stage one probe into the billionaire Issa brothers’ takeover of supermarket Asda. Back in October the brothers, along with private equity group TDR Capital, agreed to buy the grocer from US giant Walmart for £6.8bn. At the time, Walmart said that it expected the deal to be subject [...]
Supermarket heavyweights the Co-op and Waitrose face mounting pressure to return business rates relief December 4, 2020 High street titans the Co-op Group and Waitrose are facing mounting pressure to follow their peers and hand back millions of pounds of business rates relief dished out to keep the companies afloat during the pandemic. The Co-op is facing growing disquiet from members after refusing to emulate rivals Tesco, Morrisons, Asda, Sainsbury’s and Aldi, [...]
Asda joins ranks of supermarkets set to return business rates relief December 3, 2020 Asda has joined the growing number of UK supermarkets to hand back business rates relief given by the government to help it through the coronavirus crisis. This afternoon the grocer confirmed that it would repay £340m in emergency support – the fifth supermarket to make such a pledge. Since Tesco first announced it would give [...]