Author: Scott Dylan

Asda has seen a significant rise in sales, primarily driven by its Just Essentials range.The supermarket’s like-for-like sales increased by 9.6% in the second quarter.Just Essentials, launched last year, witnessed a remarkable 87% growth year on year.The budget brand now holds the title of the ‘number one value range’ with 20.2% market share.Asda continues strategic expansions and price reductions in various categories.Asda has reported a notable increase in its sales figures for the second quarter, largely propelled by its budget-friendly Just Essentials range. The supermarket’s like-for-like sales experienced a 9.6% surge as consumers flocked to purchase from this economical line…

Tesco and Sainsbury’s have outperformed their competitors as grocery inflation slows down.Inflation for groceries has decreased significantly by 2.2%, now standing at 12.7%.Tesco and Sainsbury’s saw sales boosts of 9.5% and 9.3% respectively over recent months.Aldi continues to be the fastest growing retailer, marking a 21.2% increase in sales.Despite these gains, cooler weather has resulted in reduced supermarket visits.Tesco and Sainsbury’s have excelled in the retail sector as the rate of grocery inflation has reduced by 2.2% over the four weeks leading up to 6 August 2023, bringing it down to 12.7%. This performance is supported by data from Kantar,…

M&S has announced an upgraded profit forecast for the year ending 1 April 2024 following a significant surge in food sales.The retailer’s food sales increased by 11% in like-for-like terms over 19 weeks up to 12 August, driven by investment in quality and own-brand value.Clothing and home sales also saw a growth of 6%, with physical stores outperforming online sales.An investment of £13 million is dedicated to refurbishing several stores in the Northeast, including the Northumberland Street store in Newcastle.Despite the economic uncertainties, M&S expects improved profit outcomes compared to the previous year.M&S has revised its profit expectations for the…

Sainsbury’s introduces sustainable cardboard hangers, replacing millions of plastic ones.More than 400 stores nationwide will adopt this eco-friendly initiative.Recycling options are available for both cardboard and existing plastic hangers.The move aligns with Sainsbury’s broader shift towards sustainable packaging.Competitors like Tesco and Lidl are also innovating with reduced plastic use.Sainsbury’s is making a significant stride in sustainability by rolling out new cardboard hangers across its Tu Clothing Baby range, aiming to replace five million plastic hangers. This initiative is projected to save 103 tonnes of plastic, reflecting the supermarket’s commitment to environmental responsibility. More than 400 stores nationwide are participating, allowing…

Retailers face challenges in deterring shoplifters due to strict data protection laws.Current regulations prevent retailers from displaying images of suspected shoplifters in stores.Retailers argue publicising images would deter theft and aid in identifying repeat offenders.Concerns grow as police response to shoplifting incidents remains inadequate.High crime rates are exacerbated by the cost-of-living crisis, necessitating stronger preventive measures.Retailers are experiencing significant challenges in deterring shoplifters as data protection laws prevent them from displaying images of suspected thieves within their stores. According to a report by The Telegraph, these retailers are unable to use photos as a means to alert their employees about…

The cost of basic groceries in the UK has escalated sharply, rising by over 30% in the last two years.Despite a recent slowdown, food inflation remains a significant concern, with essential items like milk and cheese seeing major price hikes.Meat and vegetable prices have also seen considerable increases, impacting household budgets across the country.Supermarkets are responding by expanding budget ranges to provide financially strained consumers with more affordable options.The consumer group Which? highlights the ongoing pressure on households, emphasizing the importance of accessible budget-friendly choices.Over the past two years, the United Kingdom has witnessed a significant surge in the prices…

Unilever’s new chief executive pledges a re-evaluation of its operations in Russia amidst growing external pressures.Hein Schumacher responds to a Ukrainian soldier’s plea by reconsidering Unilever’s Russian business stance.Despite global exits from Russia by major brands, Unilever continues its operations citing strategic reasons.The FMCG giant faces criticism for potentially supporting Russian war efforts through continued operations.Unilever is criticised as a war sponsor by the Ukrainian government due to its ongoing tax contributions in Russia.Unilever’s new chief executive, Hein Schumacher, has committed to reassessing the company’s decision to maintain its Russian operations with fresh eyes. This decision comes as external pressures…

Deliveroo is poised to reward shareholders as financial performance improves.The company’s losses reduced to £83m, a significant cut from last year’s £153m.An unexpected profitability milestone was reached, enhancing investor confidence.Deliveroo’s revenue saw a rise to £1.02bn amid challenging conditions.A £250m surplus capital might be returned to shareholders.Deliveroo is on track to propose a significant shareholder payout as it builds financial confidence. The company’s losses have been curtailed to £83 million, a marked improvement from the previous year’s £153 million loss, fostering optimism among investors.The company has achieved profitability ahead of expectations by leveraging an adjusted EBITDA metric. Will Shu, the…

The plant-based sector is witnessing significant shifts with major brands facing financial and operational challenges.Plant-based brands are struggling to maintain growth amidst rising cost pressures and economic challenges.Meatless Farm was recently rescued after facing a cashflow crisis and filing for administration.Vegan Fried Chick*n (VFC) is expanding its presence and continued to invest in new product lines despite industry hurdles.Beyond Meat is experiencing a decrease in sales amidst increased scrutiny over health perceptions and economic factors.The plant-based food industry is encountering substantial challenges as economic pressures rise. Seventy-three percent of vegan shoppers are actively seeking to cut costs on their groceries.…

Asda announces an 8% reduction in its Just Essentials product line, now offering 296 items instead of 293.The reduction will affect availability both online and in-store, with several items being discontinued.Some products like chicken thighs and mild cheddar will be removed from the Just Essentials range.Despite fears of decreased choice, Asda plans to introduce new items including breaded fish fillets and prawns.Asda affirms their commitment to offering relevant products, with ongoing assessment of customer needs.Asda has decided to cut its Just Essentials product range by 8%, reducing its selection from 293 to 296 lines. The changes will be implemented both…