Retail Gazette

DECEMBER 19, 2023

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

Grocer 119

Grocer Finance Supermarket ATS 119

Inside Retail

SEPTEMBER 25, 2023

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.

Checkout 312

Checkout Finance Supermarket Consumer 312

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

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. A search for a successor has begun, the company said.

Finance 40

Finance Supermarket Shopping Marketing 40

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 114

Supermarket Finance Marketing ATS 114

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. 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.

Finance 98

Finance Outdoor Supermarket Department Stores 98

Retail Gazette

MAY 13, 2024

Asda has launched plans for a “transformational” mixed-use redevelopment of its ten-acre Park Royal store in North West London, marking a first for the supermarket. The grocer claimed sustainability would be at the heart of the new site, with the scheme providing significant biodiversity and ecology net gains.

Planning 76

Planning Supermarket Grocer Finance 76

Retail Gazette

JANUARY 5, 2024

.” 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.

Supermarket 124

Supermarket Grocer Finance Accounting 124

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

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 73

Supermarket Grocer Finance Marketing 73

Inside Retail

JUNE 28, 2023

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.

Supermarket 130

Supermarket Finance Accounting Management 130

Retail Gazette

MARCH 27, 2024

The supermarket saw like-for-like sales, excluding fuel, soar 4.6% These were related to its external debt and inter-company loans, with its debt-financing bill 23% above the £593m incurred the year prior. Morrisons has reported its strongest like-for-like sales growth in three years during its trading update for its first quarter.

Grocer 113

Grocer Payment Services Supermarket Wholesale 113

Inside Retail

JUNE 7, 2023

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.

Net Profit 130

Net Profit Finance Supermarket Wholesale 130

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

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 115

Supermarket Finance Management Marketing 115

Retail Gazette

SEPTEMBER 4, 2023

MPs have flagged that Asda’s ownership structure could be limiting the supermarket ’s ability to help shoppers amid the ongoing cost of living crisis. 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.

Payment Services 102

Payment Services Finance Supermarket Wholesale 102

Retail Times

MARCH 28, 2024

Retail Times publishes international & UK retail news covering products, data, tech, packaging, people, research, comment and more besides!

Finance 52

Finance Supermarket 52

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

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. She has a background in marketing, finance and accounting which gained from her previous roles.

Finance 130

Finance Fashion Supermarket Accounting 130

Retail Gazette

JANUARY 30, 2024

The supermarket’s revenues surged 8.1% The supermarket’s CEO Simon Roberts said: “More customers are choosing to shop at Sainsbury’s, recognising our determined focus on value, product innovation and service.” Sainsbury’s scooped up even more market share as sales soared, the latest Kantar figures show.

Supermarket 69

Supermarket ATS Grocer Accounting 69

Inside Retail

MAY 5, 2022

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

Finance 258

Finance Supermarket Fulfillment Location 258

Inside Retail

NOVEMBER 16, 2023

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.

Finance 260

Finance Supermarket Marketing Consumer 260

Retail Gazette

JULY 23, 2023

of finance costs, which include the interest payments on its debts. Morrisons, which was bought by CD&R in 2021 for £7bn leaving it with £6.6nm of net debts, made a £1.3bn pre-tax loss last year as it paid £406m on financing costs. The owners of the supermarkets did not take any dividends. for every pound spent with it.”

Payment Services 98

Payment Services Finance Supermarket 98

A1 Retail

FEBRUARY 6, 2024

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. Growth in supermarket spending increased to 5.2 percent year-on-year in January – less than the latest CPIH* inflation rate of 4.2 percent – up from 2.8

Consumer 59

Consumer Supermarket Finance Merchant Services 59

Retail Gazette

FEBRUARY 6, 2024

The grocery giant said he would be supported by its senior directors across central retail operations, commercial, retail field operations, finance and people. The supermarket said the current scheme needed greater flexibility in where the levy funds could be distributed.

Promotions 59

Promotions Supermarket Finance Management 59

Retail Gazette

AUGUST 30, 2023

The billionaire brothers behind Asda are understood to be close to the sale of another chunk of the supermarket’s property portfolio in a bid to bring down its mounting debt pile. 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.

Finance 115

Finance Supermarket Management ATS 115

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 69

Supermarket Finance Planning Returns 69

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 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 262

Finance Employee Engagement Supermarket Management 262

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. “I wouldn’t be able to pick out one winner over the other, but it will be the supermarket that can adapt the fastest to the opportunity.

Supermarket 110

Supermarket Grocer Drop-Shipping Planning 110

Retail Gazette

OCTOBER 5, 2023

Potts joined the supermarket in 2015 after almost four decades at Tesco, where he started on the shop floor aged 16 and rose through the ranks to run its Asian operations. Price was responsible for its alternative approach to loyalty, which saw the supermarket introduce free tea or coffee to its members.

Supermarket 111

Supermarket Department Stores Grocer Returns 111

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. Issa responded that it was “absolutely not” the case and that the regulator had been “unfair”.

Wholesale 75

Wholesale Supermarket Finance Marketing 75

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. Meanwhile, the discounter’s share of supermarket sales fell from its 10.2% peak in September 2023 to 9.8%

Supermarket 72

Supermarket Grocer Planning Location 72

Retail Gazette

OCTOBER 18, 2023

Asda co-owners the Issa brother have denied taking money out of the supermarket as the pair defended the the retailer’s complex ownership structure. Mohsin Issa’s denial was part of a response to the House of Commons Business and Trade Committee following a hearing back in July.

Accounting 114

Accounting Finance Supermarket 114

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 104

Consumer Supermarket Department Stores Promotions 104

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 59

Planning Grocer Supermarket Finance 59