This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
Britain’s biggest supermarkets face paying an extra £200m in National Insurance contributions as the Chancellor is set to unveil the hike in the Budget tomorrow. It might improve the public finances in the short term, but it makes economic recovery harder and hits our customers and colleagues still struggling with the cost of living.”
The unit will be led by Yael Cosset, currently the supermarket retailers CIO, in his new position as EVP and Chief Digital Officer. Kroger has created a new ecommerce business unit designed to align all the teams contributing to the online customer experience. Kroger has been seeking to gain forward momentum in recent months.
Supermarket shelves look calm, yet the prices behind every carton of milk or bag of rice can shift overnight. If the past few years have taught purchasing teams anything, it is this: price risk is no longer a distant finance issue. That still helps, but it only covers part of the exposure. Good brokers take these nuances into account.
The 570 -store Midwestern supermarket retailer Hy-Vee will expand its partnership with Instacart by adopting the platforms Carrot Ads solution. This new integration will give Hy-Vee RedMedia access both to Instacarts ad technology and its CPG advertising ecosystem, which delivers advertiser demand from more than 7,000 brands.
The supermarket giant, which employs 300,000 people, is estimated to be facing a £250m hike in its yearly tax bill when the changes come into effect in April, according to analysis by Morgan Stanley that was reported in The Times. to 15% on a worker’s earnings above £175 a week in an attempt to recover public finances.
Related Story April retail sales boosted by spring sunshine and late Easter 13/05/2025 x 12:01 AM Food store volumes rose 3.9%, with an increase in sales across supermarkets and specialist food stores including butchers, bakers and alcohol and tobacco stores. Non-food stores saw sales slip 0.7%
Asda’s parent company slumped to a near £600m pre-tax loss last year as the supermarket group faced falling sales, heavy debt servicing costs and ongoing challenges migrating IT systems from former owner Walmart. The supermarket ’s £378m writedown on store values also weighed heavily on profits.
An additional 14 per cent want essential services such as supermarkets and pharmacies to continue offering the option. Cash remains the most reliable payment method when the internet is down, the power is out, or theres a tech glitch, its often the only way to pay, said Moneys finance expert, Sean Callery.
Japan’s Seven & I Holdings said on Thursday the retailer’s founding Ito family could not secure the financing required for a US$58 billion management buyout, and it would consider a rival offer from Canada’s Alimentation Couche-Tard.
It then began discussions with several parties, including Apollo and shareholder Richemont, about securing new financing. The business shuttered all its 237 branches inside Sainsbury’s supermarkets in June 2023 in a move that is thought to have cost around 2,000 jobs.
According to the latest Retail Sales Index from the Office for National Statistics (ONS), sales declined across all major sectors, with food stores seeing the steepest fall at 5%, driven by fewer supermarket trips and lower alcohol and tobacco sales. Non-food store volumes also fell 1.4%
The supermarket giant said Bickerstaffe, who left M&S in March last year , is a highly regarded retail and consumer business leader, bringing strong perspectives on digital business models and transformation programmes.
However, Walton notes that most recently the sector as a whole – including budget fashion retailers such as Primark – has faced increased competition from supermarkets that have doubled down on their pricing and expanded product ranges, as well as the likes of Shein and Temu offering cheap clothing and homewares.
PwC said the decline was driven by worsening household finances, greater concern over the UK economy, and a rise in short-term spending cutbacks. PwC attributed this to stronger personal finances and tax changes that favoured workers. The data shows consumers are most concerned about the economy, inflation , and global events.
In London, where Lidl was recently ranked as the capital’s third largest supermarket, three new stores will open. The sale and leaseback model, used to finance these locations, offers Lidl greater flexibility to continue broadening its footprint across the UK.
The senior appointment follows news last week, revealed exclusively in Grocery Gazette, that the supermarket chain was to consult over proposals to restructure some head office teams , in a move that could see up to 350 jobs cut. Click here to sign up to Retail Gazettes free daily email newsletter
The reshuffle will impact some buying department positions, including non-food, finance and some back-office functions. The supermarket chain is seeking to expand the amount of buying roles at its Atherstone head office.
Supermarkets require tools to track fresh and perishable produce. It acts as a central hub for data, allowing departments such as finance, inventory, human resources, and supply chain management to work from a single, unified system. Thrift stores handle non-standard inventory and offer discounts based on weekly stock rotation.
For example, a family that saves a few pounds each week on their supermarket shop can save hundreds over the course of a year. Many UK supermarkets and retail chains regularly offer vouchers through their own websites, loyalty programmes or third-party coupon sites.
The principal mainstream liquor sellers are supermarkets, hypermarkets and convenience stores, which have to stick to the letter of the law. The supermarkets and convenience chains will be miffed, though, not to mention tourists, who are usually puzzled and put out by the regulations, which seem overly nitpicky and unnecessary.
Computer vision company Trigo has raised $100 million in a new equity financing round. The solution provider will use the funding to scale deployment of autonomous urban supermarkets across Europe and the U.S., enter new geographies and develop its store and inventory management software application suite, StoreOS.
Supermarket chain Coles says it is looking to scale artificial intelligence across its operations to enhance customer experience. In one example, partnering with Microsoft, the supermarket chain is adopting a “computer vision feature” that accurately scans fresh produce through plastic bags.
France’s Finance Minister Bruno Le Maire is urging the country’s supermarkets and suppliers to accelerate price cuts as consumers struggle with rising food costs and inflation. Although a pledge was made by 75 top food companies to cut prices in July, only about 40 have followed through.
However, 44 per cent of the participants said that it is justifiable to taste a fruit in a supermarket without buying it. The majority said that they are pessimistic about their personal finances and business conditions, with middle-aged consumers being the most pessimistic about their current financial situations.
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.
Kestenbaum noted that Amazon “had hoped for big growth in supermarkets but it has proven a big challenge to crack into the top five performers in that industry. Department store services and technology, while not as big as grocery, could be a more accessible opportunity for Amazon and a great learning exercise.”
Lidl UK finance boss Marco Di Costanzo has stepped down from his role, following a £76m loss from the discounter. ” The news comes after Lidl was named the third largest supermarket in London in October, overtaking Asda with a market share high of 9.1%. Normally it’s the chief executive who has to leave.”
SEND has faced some unique financing challenges given the composition of its international investors.”. “Send has been successful in building a leading position in the grocery delivery space, however, as a start-up it requires ongoing financial support. Send was founded in early 2021 and by August last year, had secured a $3.1
“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.
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.
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.
By early next year Asda is set to see its debt interest bill exceed £400m, driven by escalating interest rates that are piling pressure on the private equity-owned supermarket. The £500m in borrowings are part of the debts taken on by the supermarket to finance the acquisition of Asda in 2021. times, that has gone down to 3.8
Studies have shown that unpleasant sounds or “noise clutter” in retail stores and supermarkets can reduce sales by nearly 30%. In-store staff are the public face of the retail company with varying duties and responsibilities like interacting with customers, handling finances and carrying out stock control.
Beyond a range expansion, MCoBeauty has “supercharged” its New Zealand footprint, entering into Woolworths’ Countdown supermarket chain and Chemist Warehouse, as well as launching a dedicated satellite office. And, with substantial pressures on customers’ finances, its proposition has gotten even stronger.
Supermarket growth slowed as many Brits stocked up on festive food and drink earlier than usual to help spread the cost and avoid shortages. Supermarket spend remained in growth (up 5.5 Spending on utilities climbed 40.6 percent, as the drop in temperature led more households to increase their heating . Image courtesy of Unsplash.
Nearly 200 nations discussed how best to address the planet’s climate emergency; new pledges, standards and rules were established for reducing methane gas pollution and deforestation, and clearer guidelines for coal financing and carbon trading. degrees Celsius.
.” Subscribe to Retail Gazette for free Sign up here to g et the latest news straight into your inbox each morning Last year it was revealed that the supermarket will see its debt interest bill exceed £400m early in 2024, driven by escalating interest rates that are piling pressure on the private equity-owned supermarket.
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. .”
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).
Food for thought At IGA, supermarket sales rose 2.1 Both supermarket giants will release their full-year results in late August. Paying the price While supermarkets have been raising prices to cover additional costs in their supply chain, questions have been raised about the ethics of profiting off of charging people more to eat.
Lotus’s, for its part, operates 2,654 retail stores, of which 225 are hypermarkets, 182 are supermarkets and 2,182 are mini-supermarkets that resemble convenience stores in size and product offering. The second piece of bad news is that most retailers are being hit hard by higher financing costs because of rising interest rates.
Total till sales at UK supermarkets have seen sustained growth of 9.1% This has been encouraged by an increase in the discounts offered by supermarket loyalty schemes. But it may also be an indication that some shoppers are now feeling more confident about their personal finances.
If you were in London, you’d find these items in the most luxury-oriented stores, but not a general supermarket, and we’re bringing them to America for the first time.” Whereas previously a line of credit or a term loan might have helped finance inventory, now I just rely on Faire.” Olive Et Al “shop” on Faire.
The cuts coincided with the retailer saving roughly £26m in employment costs during the year, while its finances were also aided by its decision not to pay workers a cost of living bonus last year. The supermarket came under fire for offering affected staff a reduced redundancy package after proposing a higher payout back in January.
We organize all of the trending information in your field so you don't have to. Join 40,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content