Food and grocery spending in UK convenience stores is expected to reach £43.2 billion by 2028, surpassing the growth of supermarkets and discounters, according to recent projections from GlobalData.The expansion of convenience stores is gaining momentum in the UK, with major supermarkets like Tesco, Sainsbury’s, Asda, and Morrisons adding 800 new convenience outlets between 2023 and 2024. This growth was predominantly driven by acquisitions, with Asda and Morrisons leading the charge.In an economic climate where the cost-of-living crisis remains a concern, UK supermarkets initially focused on competitive pricing within larger format stores. However, GlobalData suggests that these supermarkets should now…
Author: Scott Dylan
Scott Dylan
Scott Dylan is the Founder of NexaTech Ventures
Food and grocery sales in UK convenience stores are expected to surge, outpacing hypermarkets, supermarkets, and discounters by 2028, according to industry insights from GlobalData.The projected increase in convenience store revenues to £43.2 billion marks a significant shift in the retail landscape. This trend emerges amidst a period where major UK supermarkets such as Tesco, Sainsbury’s, Asda, and Morrisons have intensified their focus on expanding their convenience store offerings. Notably, between 2023 and 2024, these retailers collectively added 800 new convenience stores to their portfolios, with Asda and Morrisons driving growth through strategic acquisitions.Aliyah Siddika, a retail analyst from GlobalData,…
Morrisons has announced a dramatic price reduction on Christmas vegetables, aiming to make festive dinners more affordable for families across the UK.From the 18th to the 24th of December, More Card holders at Morrisons will benefit from a significant discount on key festive vegetables. These vegetables, all British-grown, include carrots, parsnips, Brussels sprouts, and whole swedes, each available for an exceptional 10 pence. Additionally, Morrisons is offering their British Best potatoes at half price, costing £1.15 for a 2kg bag until the 1st of January.This initiative comes as part of the supermarket’s continued support for local producers, showcasing a pledge…
Landsec has secured a 92% stake in Liverpool One shopping centre through a £490m transaction, reflecting its ongoing investment in high-performing retail spaces.This acquisition marks Landsec’s strategy to focus on prime retail destinations, providing brands with significant in-store retail opportunities.The Liverpool One purchase was previously held by Abu Dhabi Investment Authority and Grosvenor, enhancing Landsec’s ownership in top UK shopping centres.This move is part of a broader trend, as companies like Frasers Group also expand their shopping centre portfolios.Landsec’s CEO highlights the importance of targeting fewer but larger stores in premium locations to maximise retail potential.In a significant move within…
Landsec has purchased a significant portion of Liverpool One shopping centre for £490 million, marking a strategic investment in physical retail spaces.The deal involves the acquisition of a 92% stake in Liverpool One, signalling confidence in the value of prime retail locations.Landsec acquired its share from the Abu Dhabi Investment Authority and Grosvenor, previous majority stakeholders in the complex.The acquisition places Landsec in control of seven of the top 30 shopping centres across the UK, underscoring its retail dominance.Frasers Group, a notable competitor, has similarly expanded its shopping centre portfolio, indicating a broader trend in retail real estate investments.Land Securities…
Andrew Murphy shares insights into The Entertainer’s recent challenges and achievements as Christmas draws near.The Entertainer’s partnership with Tesco marks significant growth, adding considerable value to its UK and Ireland operations.While storms have affected foot traffic, the company remains strong, having adapted its supply chain strategies for grocery settings.The launch of a new Christmas campaign signifies a shift in marketing, highlighting a more playful approach.The retailer plans to explore international markets while reassessing domestic expansion due to economic factors.Andrew Murphy, CEO of The Entertainer, remains optimistic about the company’s performance as Christmas approaches, despite adverse weather impacting shopper turnout. Murphy…
A Shropshire-based law firm has been deemed negligent by the High Court in the sequence of agreements for a property development joint venture, resulting in significant financial implications.The Manchester High Court, under the judgement of His Honour Judge Pearce, has ruled that Lanyon Bowdler, a prominent Shropshire law firm, acted negligently during the processing of agreements for a property development joint venture. This negligence allowed one party to withdraw from the agreement, necessitating damages exceeding £750,000.The case involved Milford Investments, a property development company, which entered into a joint venture with three landowners in Oswestry, Shropshire, to develop residential properties.…
Smaller law firms are being advised to prioritise long-term growth over immediate profits by investing in technology. This recommendation comes from Toby Harper, the chief executive of a rapidly expanding commercial law firm.Harper James, based in Birmingham, is collaborating on a knowledge transfer partnership (KTP) with Aston University, receiving significant funding from Innovate UK. Harper emphasised that many small firms enjoy profitability but face the dilemma of choosing between current financial gains and future advancement.Mr Harper stated, “A lot of small firms are very profitable, but if traditional partnerships extract all the profit, they won’t have it for future development.”…
The Simpsons, the globally beloved animated show, shifts its UK broadcast to E4 from Channel 4 starting with its 32nd season, reflecting a broader entertainment strategy.The shift accompanies a renewed agreement between Channel 4 and Disney, allowing new episodes to debut on Disney+ before E4 broadcasts.E4’s alignment with younger audiences is part of Channel 4’s Fast Forward strategy to adapt to changing viewing habits.Hollyoaks previously made a similar move to E4, indicating a trend towards targeting younger viewers on this platform.The Simpsons’ partnership continues to expand the reach and introduce the series to new and existing fans in the UK…
BBC Radio 5 Live and Sounds have obtained the rights to provide audio commentary for the highly anticipated rematch between Oleksandr Usyk and Tyson Fury.The fight, set for December 21, promises to be a historic event as both fighters compete for multiple heavyweight titles.Commentary will be available on BBC Radio 5 Live, BBC Sounds, and the BBC Sport Website, starting from 9pm.A team of expert commentators and analysts will ensure comprehensive coverage of the event, providing listeners with an immersive experience.Leading up to the fight, listeners can engage with various related content, including podcasts and live commentary of other sports…