United Kingdom news

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...
27 September 2022
Against the backdrop of rising prices, a question we are being asked a lot is whether the rising cost-of-living will affect GB shoppers’ attitudes to sustainability, a topic covered by my colleague Dan Gillett in his report . Most shoppers think they can’t afford to buy sustainably The perceived cost of shopping sustainably has always been a factor for shoppers when choosing what to buy....
26 September 2022
September has proved an interesting month for Aldi, with it overtaking Morrisons to become the retailer with the fourth largest market share in the UK, alongside announcing a large fall in profits. Key figures from Aldi UK’s 2021 annual trading update Sales : £13.645bn from £13.531bn (+0.9%) Operating profit : £60.2m from £287.7m (-79%) Pre-tax profit : £35.7m from £264.8m (-8...
22 September 2022
Waitrose has launched its new brand promise, under the tag line ‘Food to Feel Good About’. The campaign is aimed at highlighting Waitrose’s ‘ quality, taste, ethics and value, to celebrate food that makes a positive difference ’. Campaign to promote Waitrose’s aim to build a better future The advertising built around the campaign will see Waitrose highlight how ‘ when we ask more questions,...
21 September 2022
Leading UK convenience retailer Co-op has announced that Matt Hood (previously Commercial Director) has been promoted to Managing Director of its Food Retail operation while Peter Batt becomes Managing Director of its Nisa wholesale subsidiary. Jo Whitfield and Michael Fletcher stepping down Matt Hood replaces Jo Whitfield, having deputized for her as the head of the Co-op retail business w...
21 September 2022
IGD has released its latest data on the UK convenience channel. It shows the performance of the sector as the country exits its two-year pandemic episode, while facing into the developing cost-of-living crisis. Market data for the first half of 2022, split by segment and category, shows the extent to which the channel has been permanently reshaped by Covid-19, while our forecast to 2027 gives ...