Morrisons looks to save £1bn as sales rise ahead of stores shake-up March 26, 2025 Morrisons has announced an uptick in sales amid a wide-ranging store shake-up plan which will see hundreds of jobs losses. Group like-for-like sales rose 2.1 per cent in the 13 weeks ended 26 January while total sales increased by 2.4 per cent to £4bn over the same period. The Yorkshire-headquartered grocer said it had made [...]
Co-op invests further in lower prices as ‘trolley wars’ beckon March 25, 2025 Co-op Group has invested millions in lower prices as all the grocers gear up to battle for value-seeking customers. The business, which is owned by its 5.5 million members, will invest more than £70m into matching prices with Aldi on 100 everyday essentials for its members. The move will take the co-operative’s investment into lowering [...]
Morrisons to cut hundreds of jobs and close cafes in huge shake-up March 24, 2025 Supermarket giant Morrisons has put 365 jobs at risk after it revealed plans to close more than 50 of its cafes. The Yorkshire-headquartered chain said 52 of its cafes, 17 convenience stores and dozens of meat and fish counters at its shops are slated for closure. Morrisons said the closures are part of a “wide-ranging” [...]
Labour MPs warned ‘perfect storm’ of retail costs could benefit Reform UK March 19, 2025 Labour MPs are being warned a “perfect storm” of costs facing the retail sector could see seats lost to Reform UK. New analysis from the Retail Jobs Alliance (RJA) has revealed Labour holds 24 of the UK’s 30 constituencies with the highest numbers of voters working in retail, according to an Electoral Calculus survey in [...]
Pound tops $1.30 for first time since Trump’s election win March 18, 2025 The pound has traded above $1.30 for the first time since president Donald Trump’s November election win, as a falling dollar caused by trade war fears has proved a boon for sterling. Sterling has climbed 2.7 per cent over the last month and 6.5 per cent since its January low, reaching a fourth-month high of [...]
Two thirds of large UK shops to pass on higher business rates to consumers March 18, 2025 Two thirds of businesses subject to the government’s new ‘super tax’ business rate multiplier will increase prices to combat cost pressures, a survey has found. The effect would be to increase prices in flagship retail stores by around three per cent, according to High Streets UK. “[The higher multiplier] would be a disaster for jobs, [...]
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 [...]
Brits spent almost £1bn this Valentines Day March 5, 2025 Brits spent almost £1bn on flowers, gifts, and at-home meals this Valentine’s Day as shoppers sought to create a special occasion at home rather than splashing out at a restaurant. According to the latest NIQ Till Tracker, £962m was spent on food and gifting on Valentine’s Day, with the biggest growth in spending on flowers, [...]
Legal trouble brewing between Ocado and M&S: What might this tiff deliver? March 4, 2025 Five years ago, M&S began listing its products on Ocado; however, this relationship has since turned sour. What happened between the pair?
Supermarket sales rise, but Asda continues to struggle March 4, 2025 Sales at UK supermarkets rose above inflation in February as Brits looked for cost-effective ways to treat themselves. Take-home sales at the grocers rose by 3.6 per cent over the four weeks to 23 February, while prices rose 3.3 per cent, according to Kantar. However, the headline figure masked a gulf between the performance of [...]