Nov 14, 2017 | News, Retailing
The UK’s competition regulator has provisionally cleared Tesco’s £3.7bn takeover of Booker. The Competition and Markets Authority (CMA) has stated that the deal could in fact increase competition in the wholesale market and mean reduced prices for consumers. CMA added...
Nov 13, 2017 | News, Retailing
Nisa Retail has announced that its members have voted in favour of Co-op’s offer to buy 100% of the business for up to £137.5 million. A majority of 75.79% of Nisa’s members voted for the deal, as opposed to 24.1% who voted against. The offer requires clearance from...
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...
