Retail Gazette

MAY 20, 2024

The deal gave the supermarket chain a 20% minority stake in MFG and established commercial and supply agreements with the fuel group. At the time, Morrisons said it intended to use the cash proceeds of £1.8bn to strengthen its structure and help to repay some of its mounting debt pile.

Planning 117

Planning Payment Services Supermarket Grocer 117

Retail Gazette

MARCH 13, 2024

These were related to external debt and inter-company loans, with its debt-financing bill 23% above the £593m incurred the year prior. Additionally, fuel sales at the supermarket dropped more than £560m to £3.4bn, before it offloaded its 337 petrol forecourts to Motor Fuel Group two months ago under a £2.5bn deal. .”

Payment Services 125

Payment Services Supermarket Finance Accounting 125

A1 Retail

JANUARY 10, 2023

Supermarket growth slowed as many Brits stocked up on festive food and drink earlier than usual to help spread the cost and avoid shortages. Holiday bookings for the year ahead boosted travel, while Christmas parties and the FIFA World Cup lifted takings at pubs, bars & clubs. Supermarket spend remained in growth (up 5.5

Finance 98

Finance Outdoor Supermarket Department Stores 98

Mass Relators

JANUARY 10, 2023

Knight joined Ahold Delhaize as executive vice president, finance, in 2020 after more than four years as chief financial officer at European dairy giant Arla Foods. She previously worked as senior vice president of finance at athletic shoes and sportswear company adidas AG.

Finance 40

Finance Supermarket Shopping Marketing 40

Retail Gazette

JULY 18, 2023

If you shop in a mainstream supermarket, chances are you’ll be familiar with member prices. Retail Gazette looks at why so many supermarkets have adopted this approach, whether it’s proving successful, and how loyalty programmes can stand out when so many retailers are offering member prices.

Supermarket 52

Supermarket Grocer Beauty and Health Promotions 52

Retail Gazette

JANUARY 5, 2024

The move follows evidence given by both GMB Union and the grocer’s bosses at a committee session before Christmas, which Asda co-owner TDR Capital did not attend. The £500m in borrowings are part of the debts taken on by the supermarket to finance the acquisition of the business back in 2021.

Supermarket 123

Supermarket Grocer Finance Accounting 123

Retail Gazette

FEBRUARY 2, 2024

Mamas & Papas has poached Asda’s finance exec Sarah Ashby as its new chief financial officer. Asbhy, who took up the post on January 19, most recently served as the supermarket chain’s senior finance director of projects and M&A.

Finance 98

Finance Grocer Supermarket Promotions 98

Retail Gazette

MAY 3, 2024

The supermarket said the deal has postponed the majority of its maturities past 2030 and included the biggest sterling high-yield bond this year. It noted that it was also the second-largest sterling bond in the European leveraged finance market – only behind its original £2.25bn sterling bond tranches in 2021.

Supermarket 113

Supermarket Finance Marketing ATS 113

Inside Retail

JUNE 28, 2023

Food for thought At IGA, supermarket sales rose 2.1 This echoes sentiments expressed by leadership at Coles and Woolworths, which have also seen customers trading down in order to avoid heightened prices caused by rising inflation. Both supermarket giants will release their full-year results in late August.

Supermarket 130

Supermarket Finance Accounting Management 130

Inside Retail

JUNE 7, 2023

It operates 163 units with an average size of just over 5,200 square metres, but 80 of them are much bigger than that: cavernous warehouses where retail buyers and end consumers load up oversized shopping carts with bulk items at wholesale prices. Same-store sales growth was almost flat-lining at 0.5 For Big C, finance costs grew by 3.7

Net Profit 130

Net Profit Finance Supermarket Wholesale 130

365 Retail

JUNE 21, 2021

billion takeover approach from a US private equity firm amid speculation that more UK supermarkets could be snapped up. UK supermarkets have been buoyed by the pandemic over the past year as sales were boosted by the closure of non-essential shops and hospitality firms. Morrisons has snubbed a £5.5 billion (Mikael Buck/Morrisons/PA).

Supermarket 75

Supermarket Grocer Finance Marketing 75

Inside Retail

JUNE 29, 2022

Walgreens’ move to call off the sale comes as private equity bidders Apollo Global and TDR faced headwinds in raising financing for the deal, several sources told Reuters, as banks were wary of underwriting large chunks of the financing due to tough market conditions. billion in debt to fund the deal.

Marketing 147

Marketing Beauty and Health Finance Supermarket 147

Retail Gazette

MAY 20, 2024

.” The deal marks the latest move in the gradual separation of billionaire brothers Mohsin and Zuber Issa, who have spent the past two decades building their retail and petrol forecourt empire from a series of debt-financed acquisitions. Revenue at the petrol station giant fell 5.4%

Returns 104

Returns Finance Supermarket Accounting 104

Inside Retail

JANUARY 5, 2022

Between a third and half of transport workers are currently unable to work due to complications caused by Covid-19, according to the Transport Workers’ Union, putting major stress on the supply chain and leaving supermarket shelves bare. There is cartel-like behaviour, and this pushes prices up and increases demand.

Supermarket 279

Supermarket Finance Planning ATS 279

Retail Gazette

OCTOBER 27, 2023

After facing questions by MPs on the Business and Trade Committee over his management of the supermarket, Mohsin Issa wrote a letter to the committee, which was published last week, where he clarified its corporate structure, setting out a list of 24 companies that were connected to the supermarket.

Supermarket 113

Supermarket Finance Management Marketing 113

Inside Retail

JULY 13, 2023

Coles names new data manager By Dean Blake Supermarket chain Coles has announced the appointment of David Han as general manager for its digital engineering and data division. Han previously worked as chief digital officer at General Mills, China, and spent time at Walmart, Hewlett-Packard, and Yihaodian.

Finance 130

Finance Fashion Supermarket Accounting 130

Inside Retail

MAY 5, 2022

SEND has faced some unique financing challenges given the composition of its international investors.”. At the time, founder Rob Adams told SmartCompany the startup planned to open up to 30 grocery fulfillment centres by the end of the year. Send was founded in early 2021 and by August last year, had secured a $3.1

Finance 258

Finance Supermarket Fulfillment Location 258

365 Retail

AUGUST 23, 2021

Morrisons agreed a £7 billion offer on Thursday evening in the latest twist in the UK supermarket chain’s dramatic takeover battle. UK supermarkets have been buoyed by the pandemic over the past year as sales were boosted by the closure of non-essential shops and hospitality firms. billion in the hope this would help it secure a deal.

Supermarket 59

Supermarket Grocer Returns Finance 59

Retail TouchPoints

APRIL 28, 2023

Digitization has overhauled much of the business world, and in departments like finance or marketing you’d find most employees are hooked on apps that serve up-to-date information on the status of their programs and connect them with others on their team for real-time collaboration.

Finance 261

Finance Employee Engagement Supermarket Management 261

A1 Retail

FEBRUARY 6, 2024

Retail, hospitality and leisure spending slowed as Brits stayed at home to shelter from the cold weather and save money after a busy festive period. However, pointing to improving optimism, consumers’ confidence in both their household finances and ability to spend within their means reached its highest point in over two years.

Consumer 59

Consumer Supermarket Finance Merchant Services 59

Retail Gazette

AUGUST 30, 2023

Mohsin and Zuber Issa, backed by TDR Capital, are said to be in talks with an Australian finance house for a deal worth about £500m. The deal follows an earlier batch of store disposals to American investor Realty Income Corporation, which snapped up 25 stores earlier this year in a £650m sale-and-leaseback transaction earlier this year.

Finance 113

Finance Supermarket Management ATS 113

365 Retail

OCTOBER 11, 2022

A new study from FIS ® (NYSE: FIS), shows how the shopping preferences of younger UK consumers have shifted as adoption of embedded finance services reaches mainstream usage among Millennials and Gen Zs, while their older counterparts are less engaged with newer, digitally-oriented financial experiences.

Merchant Services 98

Merchant Services Payment Services Finance Checkout 98

Retail Gazette

DECEMBER 19, 2023

The tale of Britain’s two private equity-owned supermarket buyouts took a new turn when Asda owners the Issa brothers unveiled a £2.3bn merger between the supermarket chain and the UK and Ireland operations of their other business, petrol station giant EG Group earlier this year. Debt piling: A burden or helping hand?

Grocer 125

Grocer Supermarket Finance Returns 125

Retail Gazette

OCTOBER 5, 2023

With the cost-of-living crisis at the forefront of shoppers’ minds, it’s no surprise so shoppers have jumped ship from the traditional big four supermarkets to discounters. Retail Gazette looks at the different set of results and what the future holds for both discounters. Its market share increased from 6.1%

Supermarket 113

Supermarket Grocer Drop-Shipping Planning 113

Retail Gazette

FEBRUARY 7, 2024

Sainsbury’s boss Simon Roberts has set a new cost savings target of £1bn over the next three years so the grocery giant can finance both better prices and higher pay for its workers. Completion of the programme will mean the group has cut £2.5bn of costs over the last decade.

Supermarket 67

Supermarket Finance Planning Returns 67

Retail Gazette

OCTOBER 5, 2023

The search for the next chair of John Lewis Partnership is underway after current incumbent Sharon White revealed she would be stepping down at the end of her five-year term. Retail Gazette looks at some of the possible candidates who could replace White. His deep grocery experience could be vital in getting Waitrose back on form.

Supermarket 109

Supermarket Department Stores Grocer Returns 109

Inside Retail

OCTOBER 19, 2023

At the Endeavour Group annual meeting on October 31, shareholders will need to decide if the company really has lost its sparkle and whether the old guard from the days of Woolworths ownership days can serve up better results than the incumbent leadership. Coles Liquor posted a 0.1 per cent fall in retail sales to $3.61 billion and a 3.7

Boutique 246

Boutique Finance Supermarket Planning 246

365 Retail

JANUARY 9, 2024

Additionally, supermarket spending experienced its lowest increase since September 2022, at 2.8%, possibly because consumers had already stocked up on festive items in November, leveraging early discounts. This is likely due to many retailers and supermarkets starting discounts and promotional activity earlier than usual.”

Consumer 105

Consumer Supermarket Department Stores Promotions 105

Inside Retail

APRIL 29, 2024

The nation’s consumers reported the highest level of satisfaction with digital commerce in healthcare at 43 per cent, above the global average of 33.4 One example of this is global supermarket company Carrefour , which overhauled its online platform to better serve customers. After six months, the new e-commerce platform went live.

Consumer 130

Consumer Customer Experience Finance Supermarket 130

Retail Gazette

APRIL 23, 2024

Despite its grand expansion plans, last year Aldi UK boss Giles Hurley told The Telegraph he had been made to delay the grocer’s opening schedule as it faced a large number of planning objections from rival supermarkets. Retail Gazette looks at where discounters’ ambitious expansion plans stands now. peak in September 2023 to 9.8%

Supermarket 70

Supermarket Grocer Planning Location 70

Retail TouchPoints

FEBRUARY 28, 2022

“Ontario joins Canada’s allies in condemning the Russian government’s act of aggression against the Ukrainian people, and will direct the [Liquor Control Board of Ontario] to withdraw all products produced in Russia from store shelves,” said Peter Bethlenfalvy, Finance Minister of Ontario in a tweet.

Grocer 263

Grocer Fashion Finance Supermarket 263

Inside Retail

APRIL 14, 2024

The glass ceiling in Australia’s retail industry might not have been shattered but there have at least been some significant cracks. The real breakthrough for women in the retail industry is arguably the recent appointments of Olivia Wirth to the top executive role at Myer and Amanda Bardwell as CEO at Woolworths.

Management 130

Management Department Stores Finance Supermarket 130

Retail Gazette

JULY 19, 2023

MPs described the session as “drawing teeth” after accusing Issa of failing to answer questions about the supermarket’s fuel prices , finances and treatment of staff, The Times. Chairman of the committee Darren Jones later told colleagues to “give up” its questions as Issa’s evidence was “completely at odds” with the CMA’s findings.

Wholesale 75

Wholesale Supermarket Finance Marketing 75

Retail Gazette

OCTOBER 2, 2023

Along with fellow discount rival Aldi, the grocers have stolen significant market share away from traditional supermarkets, with the pair accounting for £1 of every £5.50 Amid the cost of living crisis, even more shoppers have abandoned the previous ‘Big 4’ supermarkets as they look to keep basket spend at a minimum.

Planning 57

Planning Grocer Supermarket Finance 57

Retail Gazette

FEBRUARY 6, 2024

The supermarket said the current scheme needed greater flexibility in where the levy funds can be distributed. Asda has become the latest retailer to call on the government to overhaul its apprenticeship’s levy rules in next month’s budget.

Supermarket 57

Supermarket Finance ATS 57

Retail Gazette

MAY 3, 2024

An EG Group spokesman told The Telegraph: “EG Group provided loans to the Clear Sky companies at a commercial rate of interest to service external third-party debt. All loans have been fully disclosed in the EG Group accounts, and continue to be so. These loans will be repaid in due course.”

Payment Services 104

Payment Services Finance Accounting Location 104

Retail TouchPoints

JANUARY 27, 2022

One of the best resolutions brands can make — at new year’s or any time — is to be more cognizant and responsive to shifting trends in consumer priorities. But one trend that has been gaining momentum for several years is now clearly at the forefront of shoppers’ minds: the need for more eco-responsible practices in retail.

Shopping 260

Shopping Thrift Store Finance Consumer 260