Nov 10, 2017 | News, Retailing
Sainsbury’s has seen underlying profit before tax drop by 9% to £251 million in its latest interim results for the 28 weeks to 23rd September, despite group sales jumping 17% to £16,310 million. According to the retailer, the fall in profits reflected “previously...
Nov 7, 2017 | News, Retailing
Nearly two thirds of UK businesses, or 63%, including food businesses, expect to move their supply chain out of the UK as a result of Brexit, according to a survey from the Chartered Institute of Procurement & Supply (CIPS). The figure marks a significant shift...
Nov 7, 2017 | News, Retailing
Walmart International’s CEO, Dave Cheesewright, has announced that Roger Burnley is set to take on the role of Asda’s president and CEO from 1st January 2018, replacing Sean Clarke. Burnley returned to Asda as chief operating officer and deputy CEO in October 2016,...
Oct 17, 2017 | News, Retailing
Supermarket sales have increased by 3.1% in value, compared with last year, according to the latest grocery market share figures from Kantar Worldpanel for the 12 weeks to 8th October. The figure marks the 17th period of uplift in a row for Britain’s grocers, despite...
Oct 10, 2017 | News, Retailing
Co-op’s £137.5 million offer to acquire Nisa Retail has been “unanimously recommended” by Nisa’s board, with the bid remaining conditional on the approval of Nisa members and the Competition and Markets Authority (CMA). Under the proposed deal, Co-op Group is offering...
Oct 4, 2017 | News, Retailing
Tesco sales rose for the seventh consecutive quarter, by 3.3% to £25.2 billion in the first half of 2017/18, with volumes within its core fresh food business having grown by 1.5%, thanks to continued “strong performance” within its meat and produce categories....
