Supermarkets

Credit insurer pulls cover for Iceland’s suppliers amid rising costs

A leading credit insurer has cut its cover on suppliers to Iceland as the supermarket faces growing pressure amid the…

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Aldi to donate £1m in apprenticeship funding to SMEs

Aldi is set to donate £1m to small and medium-sized businesses in 2023, to help fund local apprenticeship schemes across…

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Tesco exec Jason Tarry touted to replace Morrisons CEO

Tesco executive Jason Tarry has been identified as a potential replacement for Morrisons CEO David Potts, according to reports from…

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Canada Goose lowers outlook as revenues slip

Canada Goose reported revenues of $576.7m (£471.3m), down 1.6% from the prior third quarter “largely due” to timing of wholesale…

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Tesco acquires Paperchase IP in pre-pack deal

Tesco has acquired the intellectual property and brand of embattled stationery retailer Paperchase for an undisclosed sum in a pre-pack…

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CMA launches supermarket pricing review 

The CMA is set to review unit pricing practices online and instore within the grocery sector, after deciding that customers…

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Grocery Price inflation hits record 16.7%

Grocery price inflation hit a record 16.7% in the four weeks to 22 January 2023, according to Kantar, the highest…

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Tesco in talks to acquire paperchase out of administration

Tesco is reportedly close to acquiring stationery retailer Paperchase out of administration.  According to Sky News, Tesco is in advanced…

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Tesco to shake-up management and close counters, 2,100 jobs at risk

Tesco has announced a shake-up of its management structure alongside plans to shutter its remaining hot counters and delis, in…

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Lidl pledges to invest £4bn into UK food industry

Lidl has pledged to invest £4bn in British food businesses this year, as it plans to show its continued support…

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