Asda news

In the 12 weeks leading up to the 14th July overall market sales fell by 0.5%. This was the first decline in market growth since June 2016. We look at the factors influencing this and key retailers' performance. Cooler weather and lack of seasonal events slows performance This decline was not unexpected as retailers were up against a challenging comparative period where the heat wave and wo...

Asda has announced an expansion of its partnership with Just Eat, as part of wider activity to bring new ideas to the customer experience. 30 minute grocery delivery launched Through a new Express grocery delivery service, Asda will offer a range of around 100 'essential' lines for delivery within half an hour. The service will initially be offered from two stores: Sutton and Leicester Foss...

Market growth was 1.4% in the 12 weeks to 16 June 2019, according to the latest results from Kantar. Performance has slowed compared to this time last year, when growth was 2.1%. We look at the factors influencing this and key retailers' performance. Cooler weather slows growth This year growth is more modest due to the cooler weather and lack of celebratory occasions such as the World Cup ...

Asda announces plans to shake up its senior commercial food team structure. Simplifying internal operations Asda has announced plans to restructure its senior commercial food team. The changes are designed to simplify internal operations, speed up decision making and boost the business’ fluidity. The move is intended to help the business in achieving its overarching price investment...

In the 12 weeks to 19th May 2019 the grocery market grew by 1.3% according to the latest results from Kantar. This was slower than the previous reporting period of April, and the equivalent period in 2018. Inflation continued to decrease (+1.2% compared to +1.4% in the previous period). We look at these results in more detail.  Slowing growth Shoppers have cut back on spend this month. In M...

At the release of its Q1 results, Asda has provided new detail about its future plans in the wake of now abandoned plans to merge with Sainsbury's. Easter impact to trading In the quarter ending March 31st reported a 1.1% decline in sales, impacted by the late timing of Easter. Adjusted for this calendar impact, like-for-like sales would have risen 0.5%, reflecting both a positive volume re...

Asda has announced that Nick Jones is to leave his position as Commercial senior vice president to become CEO of fashion specialist Joules, while Derek Lawlor, director of fresh trading has been promoted. Nick Jones to leave Asda Nick Jones joined Asda's executive board in 2018 as MD for George and general merchandise. His role was recently extended making him accountable for the performanc...

Grocery market growth has picked up to its fastest rate so far in 2019 according to new Kantar data, as retailers benefited from the long build up to a late Easter and record breaking weather. Inflation and volumes slip In the 12 weeks to April 21st (Easter Sunday), the GB grocery market grew by 2.0%, boosted by a record £2.5bn spent during the Easter week. Over the whole 12 week period sho...

In its final report into the proposed merger of Sainsbury's and Asda, the UK's Competition and Markets Authority has blocked the merger of the UK's second and third largest retailers, arguing that it would leave shoppers and motorists worse off. CMA: "No option but to block merger" Stuart McIntosh, chair of inquiry group said: "It’s our responsibility to protect the millions of people who ...

Growth slowed to 1.4% in the 12 weeks to 24th March, according to Kantar. This makes it the slowest growth rate since March 2018. Inflation edged up from 1.4% to 1.5% causing implied volumes to dip into negative territory. We look at the results in more detail. Seasonal changes impact growth Despite the uncertainty surrounding Brexit challenges have mainly come for retailers from changes to...