The Co-op admits blocking rivals from opening competing stores March 5, 2025 The Co-op has become the latest major UK supermarket to fall foul of a targeted campaign by the Competition and Markets Authority (CMA) to stop the use of ‘unlawful land agreements’ in grocery retailing. The group has admitted to 107 breaches of an order to stop supermarkets imposing restrictions that block rivals from opening competing [...]
Tesco to cut 400 jobs as it moves to ‘more efficient’ working January 29, 2025 Tesco has announced plans to cut more than 400 jobs in a bid to improve efficiency at the grocer, following in the footsteps of Sainsbury’s, Asda and Morrisons. The supermarket giant said that the “more competitive than ever” market means it must “work hard… to offer our customers unrivalled value”. “This means always being open [...]
Morrisons sales surge as customer loyalty pays off January 29, 2025 Eating into the market share of its rivals and growing its loyalty card scheme helped sales surge at supermarket giant Morrisons during its latest financial year. The Yorkshire-headquartered chain has reported a revenue of £15.2bn for the 12 months to 27 October, 2024, up from £14.7bn. Its group like-for-like sales also increased from 1.8 per [...]
Morrisons joins Sainsbury’s and Asda in major job cuts after Budget January 24, 2025 Morrisons has become the latest UK supermarket giant to announce a major round of job cuts in the wake of the government’s Budget in October. The Bradford-headquartered chain has confirmed plans to axe more than 200 roles from its retail people team. The move forms part of a wider drive to significantly cut costs and [...]
Sainsbury’s to axe 3,000 jobs and close all in-store cafes January 23, 2025 Supermarket giant Sainsbury’s has confirmed plans to axe more than 3,000 roles as it prepares to close all its remaining in-store cafes. The major overhaul will cut two per cent of its current workforce, which stands at 148,000. The move will also make around 20 per cent of senior management roles at Sainsbury’s redundant. The [...]
Tesco shares drop despite bumper Christmas trading January 9, 2025 Tesco shares dropped two per cent in early deals this morning despite the retailer reporting abumper festive trading period. Food sales rose by 4.7 per cent in the six weeks to January 4, with a “particularly strong contribution” from fresh food, the grocer said. That’s more than double the market average of 2.1 per cent. [...]
Asda needs to ‘dig down into its soul’ and recover sense of purpose, say analysts December 9, 2024 Asda needs to “dig down into its soul” and reshape its pitch to customers if it wants to tackle the rising threat from the likes of Aldi and Lidl following a rollercoaster 2024, analysts have warned. The Leeds-headquartered supermarket giant has not been far from the headlines all year amid debt struggles, strikes, falling sales [...]
Morrisons puts 400 jobs at risk after failing to turn around loss-making bakery November 20, 2024 Supermarket giant Morrisons has confirmed plans to close a loss-making bakery in a move which has put almost 400 jobs at risk. The Bradford-headquartered grocer is looking to shut down Rathbones after failing to return the business to profit. The bakery was acquired by Morrisons out of administration in 2005 but has been loss making [...]
How Arla Foods boss went from selling cigarettes to Lurpak and Cravendale November 15, 2024 A globe-trotting career that began selling cigarettes at British American Tobacco and has led to heading up the UK arm of dairy giant Arla Foods is maybe not what Bas Padberg could have predicted when he started out in the early 1990s. The managing director of the group behind Lurpak, Cravendale, Skyr and B.O.B milk [...]
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 [...]