Amazon to dethrone both Tesco and Sainsbury as UK’s largest retailers within four years June 3, 2021 Amazon is to overtake Tesco as the UK’s largest retailer within the next four years, with sales expected to hit more than £77bn by 2025, according to new research, shared exclusively with City A.M. this morning. Last year, Amazon UK’s total sales were £36.3bn while Tesco’s sales were almost double at £64bn. However, by 2025, [...]
Asda trials delivering food orders while customers are out in bid to sustain online shopping momentum May 7, 2021 Asda is trialling delivering unattended food orders, allowing drivers to drop off customers’ shopping when no one is home. The trial allows shopping to be delivered within a four-hour window when the customer is out by dropping it into boxes fixed outside the shopper’s home. It comes as supermarkets aim to sustain the momentum in [...]
Issa brothers offer to sell 27 petrol stations to resolve Asda takeover competition dispute May 5, 2021 The Issa brothers, the billionaire businessmen who recently bought Asda, have agreed to sell 27 of their EG Group petrol stations to resolve a competition dispute related to the takeover. Last month the Competition and Markets Authority launched an investigation into the Issa brothers and TDR Capital’s takeover of the supermarket, saying the deal raises [...]
Asda beats competitors to become fastest growing Big Four supermarket for first time in more than two years April 27, 2021 Asda beat its competitors to become the fastest growing of the biggest UK supermarkets for the first time in more than two years as consumers ventured further for their food shopping. The latest data showed Asda, which was recently sold by US retail giant Walmart to the Issa brothers and TDR Capital, increased its market [...]
Issa brothers’ Asda takeover hits roadblock as watchdog probes petrol station competition concerns April 20, 2021 The UK’s competition watchdog has launched an investigation into the acquisition of Asda by the Issa brothers and TDR Capital over concerns that it could drive up petrol prices. The companies have said they will work with the Competition and Markets Authority (CMA) to find a resolution within the first stage of the probe. The [...]
Asda overhauls in-store bakeries, putting 1,200 jobs at risk April 14, 2021 Asda has announced plans to overhaul its in-store bakeries in a move that could put up to 1,200 jobs at risk. The firm said that it had started a consultation with staff over the move, stressing that staff redundancies were “the last option”. “If the proposals are enacted, the priority will be to move as [...]
Senior staff to quit Asda after Walmart’s share payout April 12, 2021 Senior staff at Asda are preparing to stage an exodus after receiving final payouts from a share scheme run by the supermarket’s owner Walmart. Industry sources said that they had been contacted by Asda executives looking to leave, according to the Times. One source said that the level of inquiries was much higher than normal [...]
Asda loses first stage of landmark equal pay case at Supreme Court March 26, 2021 Asda has lost the first stage of its appeal in a landmark equal pay case that could cost the supermarket giant millions of pounds. The Supreme Court this morning upheld the findings of a 2016 employment tribunal and a Court of Appeal case in 2019, which ruled that roles of Asda store workers can be [...]
Asda faces ‘multimillion pound’ hit if supermarket loses equal pay claim March 25, 2021 Asda could be forced to make a “multimillion pound” payout if it loses an appeal on equal pay at the UK’s top court tomorrow. The supermarket is waiting for the Supreme Court’s judgement after it appealed against a ruling that workers in Asda stores – who are mainly female – could compare their pay with [...]
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 [...]