Morrisons taps Google’s Gemini AI to solve the supermarket scavenger hunt July 9, 2025 Morrisons has rolled out a generative AI-powered tool, backed by Google Cloud and Gemini, that helps customers find products in store, part of its ongoing digital revamp and data infrastructure overhaul, City AM can reveal. The feature allows users to type in queries for items, ranging from ‘tahini’ to ‘that tomato puree in a tube’, [...]
Asda loses £600m amid major turnaround plan June 25, 2025 Asda slumped back into the red after losing almost £600m in 2024 despite its total sales rising by more than £1bn, it has been revealed. The Leeds-headquartered supermarket giant has posted a pre-tax loss of £599m for its latest financial year, having reported a pre-tax profit of £180.3m for 2023. The profit in 2023 came [...]
Sunny spring boosts grocers as Brits buy 2,400 packs of strawberries every minute June 24, 2025 The UK’s unusual burst of sun boosted purchases of fruit and ice lollies this spring, although food inflation continued to soar at the UK’s grocers. Higher prices for fresh meats, chocolate and butters drove food inflation to 4.7 per cent, its highest level since February 2024, according to data insights group Kantar. But Fraser McKevitt, [...]
Morrisons boosts sales amid looming ‘trolley wars’ June 19, 2025 Supermarket giant Morrisons has posted an increase in sales as it works to offload debt and compete in an ever-tougher sector. Like-for-like sales rose 3.9 per cent in the second quarter of the year, while total sales grew 4.2 per cent to £3.9bn. Underlying earnings before interest, tax, depreciation and amortisation (EBITDA) increased 7.2 per [...]
Tesco is tightening its grip on the UK supermarket crown June 12, 2025 Tesco has boosted market share again as it outperforms peers in the ever-more competitive UK grocery space. In its first-quarter results this morning, the supermarket giant reported a 5.9 per cent uplift in food sales and a 6.2 per cent rise in home and clothing sales. Tesco now has 28 per cent of the UK [...]
Tesco: Supermarket giant widens market share amid price war June 12, 2025 Supermarket juggernaut Tesco delivered an upbeat trading statement for the first three months of the year as the price war in the competitive UK grocery market rumbled on. Food sales at the grocer were up 5.9 per cent year-on-year led by a strong performance in fresh food. Meanwhile, non-food sales climbed 6.2 per cent after [...]
Tesco shareholders eye returns as ‘awful April’ bill hikes set to hit profit June 8, 2025 Tesco shareholders will be watching closely for signs that it is managing to fend off competition as the supermarket price war heats up and “awful April” bill hikes eat into household income. The UK’s biggest supermarket chain will unveil its financial results for the first three months of its financial year on Thursday. Tesco recently [...]
Costco: Lower petrol prices help drive profit surge June 4, 2025 The UK arm of Costco has said lower petrol prices have actually helped its profit jump to almost £200m after driving up memberships. The division of the US giant said a decrease in prices at the pumps during its latest financial year contributed to increasing the number of people signing up and renewing their membership [...]
Is Asda’s ambitious turnaround starting to bear fruit? May 29, 2025 Asda has had a tumultuous year and a half. Since January 2024, the supermarket giant has undergone numerous leadership changes, IT issues, and sales woes. Its troubles began back in 2021, when it was bought in a debt-fuelled takeover by the billionaire Issa brothers – who have since departed the board – and private equity firm [...]
Asda ‘making good progress’ despite sales continuing to fall May 29, 2025 The chairman of Asda has said the supermarket giant is “making good progress” despite its sales continuing to fall. The Leeds-headquartered chain has reported a revenue – excluding fuel – of £5bn for the three months to 31 March, 2025, the first quarter of its financial year. The total is a 5.9 per cent decrease [...]