United Kingdom news

06 September 2022
The latest release from the British Retail Consortium Retail Sales Monitor (BRC-RSM) shows that UK August retail sales growth slowed to just 1.0% at a total level.  A significant fall in clothing sales, the category which has been the most robust non-food performer this year, could signal the start of shoppers pulling back from non-essential spending as cost-of-living increases start to impact. ...
05 September 2022
As Sainsbury’s invests in its offer and promotes how it is supporting shoppers to save, we round up developments from the retailer. Sainsbury’s to invest a further £60m in its offer… Sainsbury’s is to invest GB£60m in its offer across its three value-driving schemes, Aldi Price Match, Price Lock, and Special Offers. The retailer said the investment was part of its commitment to invest GB£50...
05 September 2022
As Iceland continues to battle with rising costs and collaborates with Del Monte to support the NHS Healthy Start scheme, we round news from the retailer. Iceland to ‘ halt store openings ’ as costs rise In an interview with the Mail on Sunday, Iceland’s managing director, Richard Walker, has said the retailer has had to pause new store openings after the company’s energy bill more than dou...
02 September 2022
Boots UK reported a slight decline in total sales, of 2.3%, in its 2021 fiscal year, following on from a contraction of 10.8% in 2020. However, its operating profit improved by £253m, seeing it generate a profit of £8m in the year. Less impact from COVID-19 accounts for better performance Boots UK’s revenue decreased by 2.3% to £5.8 bn for the year ending 31 August 2021. On a like-for-lik...
02 September 2022
Asda has unveiled a new toy concept at some of its larger stores. ‘The Big Asda Toy Shop’ is the latest iteration of Asda’s toy departments following a ten-month trial that saw toy specialist The Entertainer take over the Asda toy sections in 11 stores. Source: IGD Research The cessation of the trial was revealed in November 2021. As reported by Toy World , a message from Asda’s...
31 August 2022
Co-op is to sell its estate of 129 fuel forecourt sites to Asda with a price tag of £600m.  As well as trading sites, the deal also includes three development locations.  The move comes as Co-op seeks to reduce its growing debt burden; reported at £920m in its latest annual accounts. Fuel forecourts a secondary focus for Co-op While fuel forecourts have never been a major plank of Co-op’s g...
31 August 2022
Tesco has unveiled a new bakery concept for its larger stores. The concept, badged ‘The Bakery’, features an enhanced look and feel, with new décor, shelving and signage, as well as an overhauled assortment including reformulated products, limited edition ranges and more loose items. Source: IGD Research Different sections include Everyday Favourites, Tesco Finest Signature Bakes, ...
30 August 2022
As retailers look to limit food waste and support farmers affected by the recent drought conditions, we round up initiatives from Asda, Lidl, Sainsbury's, and Waitrose. Asda and Sainsbury’s remove best before dates Asda is to remove best before dates from nearly 250 packaged fruit and vegetable lines, including cauliflowers, carrots, citrus fruits, and potatoes. Asda will take the step from...
30 August 2022
Asda has reported its second quarter like-for-like sales, excluding fuel, fell 1.9%. It noted the comparative period in 2021 was impacted by on-going Covid restrictions. Asda generated revenue, excluding fuel, of GB£1.9 bn during the quarter. However, the retailer said its on-going investment in prices and quality had driven ‘ positive like-for-like sales growth at the end of Q2 and into Q3 ’. ...
26 August 2022
As Iceland publishes its 2021/22 accounts at Companies House and sets out its expansion plans for the year ahead, we round up news from the retailer. Sales and profits fell back in 2021/22 financial year… Iceland’s Companies House accounts for its 2021/22 financial year to 25 March have shown the retailer has suffered a drop in both total sales and profits. Sales fell by 4.3% to GB£3.55 bn,...