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Asda poaches Morrisons technology and finance bosses

Retail Gazette

Asda has raided Morrisons to bolster its leadership team, including the appointment of Matt Kelleher as its first ever chief digital officer Kelleher, who is currently CIO at Morrisons , will join its Leeds-based rival in July. The new CDO will join the grocer’s executive leadership team, led by co-owned Mohsin Issa.

Finance 119
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Grocers lead retail sector in balancing profit pressure, planet and price rises

A1 Retail

By Gurpreet Gujral, Fund Manager and Head of Renewables at Atrato Partners With lower food price inflation, upwards cost pressure on the shopping basket has softened slightly, but elevated energy costs and inflating input prices continue to threaten retailers’ bottom lines.

Grocer 59
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Study eyes grocers’ long-term future

Mass Relators

Grocers will rise or fall based on their ability to align themselves to the dominant demographic, cultural, economic and technological trends that will slowly reshape the market context over decades to come. Only when income exceeds $150,000 per year do finances even out with health and the environment as sources of stress for consumers. •

Grocer 52
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Amazon, Walmart among grocers best-positioned for 2053

Mass Relators

Grocers will rise or fall based on their ability to align themselves to the dominant demographic, cultural, economic, and technological trends that will slowly reshape the market context over decades to come. Only when income exceeds $150,000 per year do finances even out with health and the environment as sources of stress for consumers.

Grocer 52
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Debt-ridden Asda faces soaring interest bill exceeding £400m

Retail Gazette

The grocer’s chief financial officer Michael Gleeson told the Business & Trade Committee on this week that the company’s debt interest bill would rise by as much as £30m in February when half a billion pounds of loans switch from a fixed to floating interest rate. times, that has gone down to 3.8 times, that has gone down to 3.8

Grocer 119
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Mamas & Papas poaches Asda exec as new CFO

Retail Gazette

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
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Ukraine Crisis: Retailers React With Direct Support, Charitable Efforts and Product Boycotts

Retail TouchPoints

“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 238