Asda news

20 May 2021
In an interview in Retail Week, Asda’s chief customer officer, Preyash Thakrar discussed how Asda wants to adapt its stores to become retail destinations for shoppers. Partnerships to play key role in future Thakrar highlighted the success it was seeing with its partnerships with third party retailers like Accessorize, B&Q, Fragrance Point, Decathlon, Music Magpie, and The Entertainer. The ...
10 May 2021
Asda has published its first Environmental, Social and Governance (ESG) report. In it the retailer highlights how it plans to make it easier and affordable for shoppers to lead more sustainable lives. In preparation for the report, Asda communicated with over 3,000 customers to understand which ESG issues matter most to them. Three priorities stand out for Asda shoppers Asda’s research show...
06 May 2021
Asda’s new owners have agreed to offload a number of forecourts in order to allay competition concerns and formally complete their £6.8bn takeover of then business. Addressing competition concerns The move follows last month’s release of findings from the UK’s Competition and Markets Authority initial investigation into the deal in which it raised concerns about a lack of competition in loc...
27 April 2021
The latest release from Kantar, tracking the performance of GB grocery retail over the 12 weeks to 18 April 2021, shows that sector growth slowed to 5.7%, as sales met the tougher comparatives of the early pandemic in 2020 and non-essential retail and the out-of-home sectors began to open from 12 April, beginning the resumption of a more normal competitive retail landscape.  However, Kantar indic...
19 April 2021
This weekend news broke that UK-based natural fast food operator Leon has been bought by EG Group in a deal worth between £80m and £100m.   As well as being hugely important for the companies involved, it also marks a step-change in the UK food-to-go market.   So let’s take a look at deal in more detail and examine why it is so significant for the market in general. A quick guide to Leon ...
15 April 2021
Asda has announced plans for a major restructuring of its bakery operation that will mean an end to bread and other bakery lines being baked from scratch in-store. The retailer has now launched a consultation with 1,200 staff risk of redundancy across its 341 supermarkets which aims to offer them alternative roles within Asda when possible. Switch to centralised production In future, produc...
14 April 2021
The UK is in the process of cautiously easing its COVID-19 lockdown restrictions. The country is currently in stage two, which allows two households or groups of up to six people to socialise in an outdoor setting. With new lockdown measures in place, people are looking to spend more time with their family and friends in outdoor spaces. We explore the impact the easing of lockdown has had on s...
30 March 2021
The GB market grew 7.4% in the 12 weeks to 21 March, according to the latest results from Kantar. This period sees the annualisation of retailers’ performance against the record-breaking sales of March 2020, when the country went into its first lockdown. Sales over the most recent four weeks were down 3% versus last year, with shoppers making 117m fewer trips to the supermarket than in March 2020...
19 March 2021
Roger Burnley has decided to step down as CEO of Asda next year once the business has transitioned to new ownership and a long-term successor is in place. Though not an unexpected development, the departure of Asda’s highly respected chief executive adds to uncertainty surrounding the business. In this article I look at the challenges facing Asda as its priorities shift under the Issa brothers’ o...
02 March 2021
The GB market grew 12.5% in the 12 weeks to 21 February, according to the latest results from Kantar. This period included Christmas and the reintroduction of lockdown restrictions, which drove growth. Strong growth is now expected to slow Sales accelerated further in the last four weeks to +15.1%. This was the fastest rate of growth since June 2020. Market growth is however now expected to...