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
The new supermarket concept Addie’s , a self-described “drive-up grocer,” has opened its first store in Norwood, Mass., ” The pandemic served as a propellent for online grocery, and many consumers aren’t returning to traditional in-store shopping: online grocery is expected to account for 20.5% fueled by $10.1 of all U.S.
Leighton helmed Asda from 1996 to 2001 and is credited with turning around the struggling chain, alongside current M&S chair Archie Norman – pulling the grocer from the brink of insolvency to orchestrating its bumper £6.7bn sale to Walmart in 1999. He is currently chair of Brewdog, Pizza Express and European fashion chain C&A.
During the Covid-19 pandemic, grocers managed an unprecedented level of online orders for fulfilment via delivery and click-and-collect. With a return to in-store shopping, demand for online services has become more manageable. With a return to in-store shopping, demand for online services has become more manageable.
The return of its former bosscomes at a crucial time for Poundland after it reported its fourth consecutive quarter of declining sales, which fell 7.3% Williams’ return certainly signals something major is afoot, with early reports suggesting the group is considering a mass restructuring of the entire business or even a possible sale.
Asda chair Allan Leighton has laid down his game plan for turning around the UK’s third biggest grocer and “ regaining customers trust” The supermarket chain saw its like-for-like sales slide 3.4% It was also the only grocer to see its sales fall over the crucial Christmas trading period, according to Kantar. .
Deploying the equipment on an average of four checkouts and the back office of each store represents a significant capital commitment, however, Jin has calculated he has achieved a return on investment of around two years per installation – on equipment with a planned five-year lifespan.
Asda is looking to sell around 20 stores for 400m to help fund its turnaround plan. The supermarket chain is planning to offload the shops located across the UK and lease them back for the next 20 years. Asda has appointed property advisor Eastdil Secured to manage the sale, Green Street News reported.
Third-party marketplaces have emerged as one of the biggest growth opportunities for retailers this year, with companies from Macy’s and Bed Bath & Beyond to Giant Food and Michaels launching marketplaces (or announcing plans to do so) in the last six months alone. The value of a marketplace is in the curation.”.
The supply chain crisis means an out-of-stock crisis for grocers, and empty shelves means unhappy and disloyal customers. To operate profitably and satisfy customers, grocers will optimize their assortments with far fewer, but more reliable and affordable products. . In 2022, grocers will need to become digital-first.
Reviving Asda’s fortunes could take three to five years, according to Allan Leighton, the supermarket’s former CEO who has returned to drive its turnaround efforts. Related Story Can Asda veteran Allan Leighton return the supermarket to its former glory?
Asda’s chief customer officer David Hills is stepping down from the grocer, after joining the business in September 2023. ” The news comes as the supermarket pushes forward with its turnaround programme, with former CEO Allan Leighton having returned as executive chairman to lead its recovery efforts in November.
McKeon returned to the supermarket in January as part of a wider leadership shake-up under executive chairman Allan Leighton, aimed at better meeting the daily and weekly shopping needs of ordinary working people and their families who demand value.
The return of its former boss comes at a crucial time for Poundland as Pepco revealed on Thursday (6 March) that it was “actively evaluating” all strategic options to separate the discount business from the group, including a potential sale. Pepco has also put a pause on the retailer’s expansion plans for the year.
still plan to cook more at home. Food retailers must also have the right financial planning in place to withstand the economic turbulence in the long run and make sure they remain agile regardless of wider market trends. Innovating the in-store experience can give stores a great return on investment. Transform shopping in-store.
The supermarket plans to use Microsoft’s products and engineering capabilities to put “the power of AI in the hands of store colleagues and make shopping more engaging and more convenient for millions of customers across the UK – both online and in store” The pair will focus on three core areas.
Including the additional items, Asda is still the third largest grocer in the UK behind Tesco and Sainsburys. Related Story Asda chair Allan Leightons four point game plan 14/03/2025 x 3:44 PM The new report comes as returning Asda veteran Allan Leighton is spearheading a turnaround of the supermarket.
Coles has officially entered Malaysia, where it is poised to offer more than 200 products through an exclusive collaboration with Malaysian supermarket chain Jaya Grocer. The deal will allow Jaya Grocer to offer over 1000 products from Australian brands through its 43 stores and via GrabMart delivery nationwide.
For their part, merchants are drawn to third-party (non-bank) digital wallets for the chance to avoid dreaded “swipe fees” — the fee that retailers pay to card-issuing banks when shoppers use cards, which by the way both Visa and Mastercard are reportedly planning to raise this year. What does that do for them?
Now this shopper has either moved online or wants some reassurance that returning to the store is safe. Grocers, like Morrisons in the UK, used Amazon Connect to immediately respond to the challenges of the pandemic. As their customers evolve, it is imperative that retailers keep pace.
“We’ve always been known for food – we started as a grocer in 1870 in Bishop’s Stortford,” explains Dower. ” Although the business is the first to include the concept, he insists the brand doesn’t plan on “owning” it and hopes other retailers go on to adopt it too.
French retailer Carrefour had ambitions to grow its e-commerce sales amid digital-native grocers but was struggling with digital assets that were managed separately, which impeded making changes at scale.
While restrictive covenants, which are clauses that stop rivals opening shops near their competitors, have been subject to a Competitions and Markets Authority (CMA) review of grocer land deals, the discounters are not required to meet the rules, according to The Grocer. of the market.
Co-op has revealed its commitment to continued convenience growth with a planned 75 new Co-op stores opening this year (2025) across the UK. Co-op has been named top grocer across all major delivery platforms, and stores in more communities will further support ecommerce reach and growth.
Darren Blackhurst has quit his post as Morrisons, just three months after rejoining the grocery giant in another blow for its turnaround plans. When announcing its senior team changes earlier this year Morrisons said they reflected key areas of focus, as it plans to “refresh and re-invigorate” the business.
And a grocer has dealt with mixed reviews from consumers, employers and the media since the 2019 launch of its fleet of robots that roam storefronts. These adjustments begin at the earliest stages in the planning process. Pros and Cons of Smart Stores Smart retail storefronts have had varied success across segments and companies.
These latest redundancies come shortly after the grocer made a host of job cuts in its head office in November, and warned there would be further redundancies to come in 2025. One would imagine it would need juicy on time and budget deliverable incentives to make it affordable for the grocer and worthwhile for the provider though, she warns.
John Lewis appeared to backtrack on Dame Sharon White’s original turnaround plan as CEO Nish Kankiwala vowed to focus “unashamedly” on retail after the partnership posted its first profit in four years. We’ve secured the funding we need for the four years of the plan. Where is it investing?
Asda is set to roll out its largest Rollback price cuts campaign in years, as returning CEO Allan Leighton aims to steer the retailer through tough competition and revitalise its performance. Related Story Can Asda veteran Allan Leighton return the supermarket to its former glory?
Charlotte Exell has also been promoted to the newly created role of online director after her successful tenure as online operations director, where she played a key role in the growth of the grocer’s online business. Chief customer and marketing officerRachel Eyre will return to Morrisons on 3 March following her maternity leave.
The retailer plans to build 10,000 homes over the next decade is part of chair Sharon White’s plan to generate 40% of the business’ profits from outside retail by 2030. John Lewis’ property venture has been met with criticism over fears it could impact the Partnership’s return to profitability.
The move comes after the supermarket giant explored all options for the facility, The Grocer reported, with speculation around a potential purchase of the Wakefield factory by Hovis having circulated this year. Morrisons is getting ready to close its Rathbones bakery, putting 400 staff members at risk of redundancy.
CEO Ken Murphy said: “The combination of price, quality and innovation means we are as competitive as we have ever been, and we have been the cheapest full-line grocer for nearly two years.” The UK’s largest supermarket said it had lowered prices across its everyday grocery lines as inflation continued to ease.
John Lewis losses before tax narrowed in its half year but chair Dame Sharon White’s plan has been pushed back two years due to “inflationary pressures” Losses before tax and exceptional items were £57.3m, a 14% improvement on last year. Its investment in price had driven sales at the upmarket grocer.
Retail Gazette examines how likely this is to happen by comparing the strengths and weaknesses of the rival grocers. Its results are a stark contrast to Asda, which reported a return to profit earlier this year of £180m in the year to end of December 2023, up from a £432m loss in 2022. Which grocer offers better value?
The top ten innovations selected for the shortlist in 2025, listed in alphabetical order, are: AIPERIA (stand #SU18) An AI solution that redefines ultra-fresh food management, using over 150 data points to generate precise demand forecasts, ensuring the right product availability while minimising waste and maximising profitability for grocers.
Related Story Tesco sells banking arm to Barclays in £600m deal 09/02/2024 x 7:48 AM It expects Sainsbury’s Bank to return excess capital of at least £250m once the phased withdrawal from its core banking business has been completed and the future model for Argos Financial Services is in place.
Poundland has yet to agree a deal with landlords on over 15 ex-Wilko stores that it planned to reopen under its own brand. It has opened 56 of the former outlets so far, but has not secured an agreement for over 15 due to landlords not engaging to aerated concrete in the buildings, The Grocer reported.
John Lewis Partnership is making headway on its turnaround plan as the employee-owned business reported its profits had tripled in the last year to 126m. Bailey says the grocer is “winning the battle for customers” as Waitrose posted its 12th consecutive quarter of customer growth.
Sainsbury’s said it experienced the “biggest market share gains of any grocer” during the quarter as more customers flocked to its supermarkets for their weekly shop. Sales at the supermarket surged 4.2% in the 16 weeks to 22 June, with a strong 4.8% growth in grocery helping to offset a 4.3%
Supermarket bosses have called on the government to further postpone the rollout of the deposit return scheme. It has since been hit with further setback, includingthe announcement by the Welsh government in November that it was pulling out of cross-nation plans for a joint launch.
The German discounter and rival Lidl have seemingly shunned ecommerce, as the traditional grocers invest more and more into it. However, the move came after CEO Giles Hurley hinted it had “big plans” to extend its existing click-and-collect offer at the end of 2022. Aldi is not alone. A costly distraction?
Blackhurst returns to Morrisons from 18 March, having previously worked for the grocer between 2015 to 2019 primarily as group commercial director. ” Morrisons said its senior team changes reflect some of its key areas of focus, as it plans to “refresh and re-invigorate” the business.
Subscribe to Retail Gazette for free Sign up here to g et the latest news straight into your inbox each morning Zuber Issa began talks about selling his stake in Asda in Febraury, and earlier this month, it was reported he was planning to step back as co-chief executive officer of EG Group. holding and TDR will own the rest.
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