Supermarkets

Tesco profits halve as inflation hits business

Tesco has seen its full-year profits plunge by 50.8% to £1bn, down from £2.03bn the prior year, as inflation took…

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Tesco eyes supplier price cuts in bid to lead supermarket deflation

Tesco is reportedly set to push suppliers for price cuts as it looks to pass on lower prices to consumers…

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Co-op profits hit £247m but warns on future impact of inflation

Co-op has seen its revenues surge £300m to £11.5bn, up from £11.2bn, for the year ended 31 December 2022. Alongside…

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Supermarket till value sales rise to 11.5% in March

As food inflation in March soared to 15%1, total till value sales rose to 11.5% in the last four weeks…

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Asda appoints CBRE to help open 300 stores by 2026

Asda has appointed global real estate advisor CBRE to help with its nationwide store expansion programme. Last October, the retailer…

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M&S denies reports of head office job cuts

Marks and Spencer has dismissed a recent report by The Sunday Times stating that the retailer is looking to dismiss…

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Planet Organic puts administrators on notice

Grocery chain Planet Organic has reportedly put administrators on standby as it attempts to find a backers to secure its…

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Asda profits fall 24% to £886m amid attempts to mitigate inflation

Asda has revealed its full-year profits declined 24% to £886m during the 52-week period ending 31 December due to its…

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Supermarket sales up 8.6% as grocery inflation hits 17.5%

Take-home grocery sales increased 8.6% over the most recent 12 week-period as grocery price inflation reached record levels. According to…

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Ocado Q1 sales rise 3.4% to £584m

British online supermarket Ocado retail has reported that its Q1 2023 sales increased to £584m, marking a 3.4% rise over…

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