United Kingdom news

05 October 2022
Although the cost-of-living crisis is impacting retailers’ current priorities, sustainability remains high on the agenda. New EU regulations are being considered to tackle deforestation, while retailers such as Tesco, Sainsbury’s and SPAR Austria continue to step up their efforts to reduce plastic packaging and food waste in a bid to increase cost efficiency. EU Deforestation Regulations ...
05 October 2022
As Tesco reports on its performance in H1, which showed Group sales, excluding VAT and fuel, rose 3.5% (at constant exchange rates) to £28.2 bn, I look at the five key numbers that stood out in the results. 1. UK like-for-like growth of 0.7% Versus recent announcements from Co-op and Morrisons , which saw them post like-for-like sales contractions of 0.7% and 3.1%, albeit for differe...
04 October 2022
As Deliveroo opens its first physical store, on New Oxford Street, I headed in-store to see how it integrates digital ordering and Morrisons products to offer near-immediate collection of orders. What is the Delivery Hop store? The Delivery Hop store enables shoppers to buy from digital kiosks or through the Deliveroo app. Walk-in shoppers can order through the digital kiosks or Deliveroo a...
03 October 2022
Speaking to an audience of over 900 suppliers in Manchester on 29 September, major convenience retailer Co-op has set out the future direction of its food business with a new strategic blueprint entitled ‘Pure Convenience’. Led by new Food Managing Director Matt Hood and the new-look senior team, with Adele Balmforth as Director of Proposition and Sinead Bell as Commercial Director, the business...
30 September 2022
As Tesco works with Ikea and toothpaste manufacturers on separate trials, we round up news from the retailer. Tesco and Ikea collaborate on collection points Ikea will trial click and collect points in car parks at seven Tesco stores as part of an expansion of its Collect Near You service. The retailers have said they will trial the solution for six months. Ikea shoppers will be able to col...
30 September 2022
As Morrisons invests more than £100m to cut the price of 150 of its most purchased products, we look at three key developments from the retailer. To drive value messages, Morrisons to cut prices of 150 key products… Morrisons has launched a new round of price cuts, which will offer an average saving of 14%, as it looks to promote value messages and bring shoppers back to its stores. The ret...
29 September 2022
The Co-op has launched a new food strategy, which is focused on convenience and value, following on from the announcement of its first half results, which saw the Group generate an operating loss of £20m. Co-op Food: sales +1%, operating profits down Co-op Food’s revenue increased year-on-year by 1% to £3.91 bn, aided by higher fuel sales. Like-for-like sales of food, excluding fuel, were d...
29 September 2022
Following a successful trial of its Restaurant Hub concept at the Selly Oak store last year, Sainsbury’s (in partnership with Boparan Restaurant Group) has kicked off the nationwide roll out with a second opening at its Sydenham store in South East London. A total of 30 stores will be transformed into these dining destinations over the next year, with aspirations to roll the concept out to 15...
29 September 2022
Morrisons has reported total sales, including fuel, rose 4.5% to £4.8 bn in the 13 weeks to 31 July, driven by new space and fuel sales. The retailer said its adjusted EBITDA fell to £177m, from £356m in the same period in 2021, as it faced ‘ unprecedented inflationary pressures ’ on its business. Q3 like-for-like sales showed sequential improvement Morrisons Q3 like-for-like sales, excludi...
27 September 2022
Speaking at its annual Expo at Stoneleigh, Warwickshire the new Nisa Managing Director, Peter Batt has announced a £5m investment in cutting the cost of Co-op private label goods for the network’s independent retailers. Recognizing the growing cost pressures facing retailers, the investment will reduce the cost-price of more than 1,000 Co-op lines supplied to them, beginning with the first 100 ne...