Asda

Supermarket Income acquires four supermarkets in £82.9 deal

Supermarket Income REIT plc, a real estate investment trust, has announced it has acquired two supermarket sites for a total…

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Asda joins retailers in rejecting online sales tax

Asda has reportedly told the government that introducing an online sales tax (OST) will harm retailers and shoppers that are…

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Inflation drives disposable income to ‘lowest ever level’

Household discretionary income has fallen -17.2% in May to £41.94 a week (equivalent to £167.76 per month), marking another “record”…

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Boots takeover in doubt amid financing struggles

There are reportedly growing concerns that the proposed takeover of Boots could collapse as the ongoing cost-of-living impacts prospective buyers…

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Asda paid £375m interest in takeover deal, accounts show

Asda reportedly paid £375.1m in interest as a result of its £6.8bn takeover deal last year according to recent accounts,…

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New Look appoints new CEO

New Look has announced that Helen Connolly has been appointed as its chief executive officer. Connolly has replaced Nigel Oddy…

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TDR snaps up eBay’s head of Europe

Asda owner TDR Capital has reportedly snapped up eBays head of Europe to become a partner at the firm from…

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Asda unveils leadership reshuffle

Asda has unveiled confirmed changes to its leadership team as Meg Farren, chief customer officer, is set to leave the…

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Less hands make light work: easing impact financial stress on UK retailers

Almost every person in the UK has been affected by the various economic issues currently plaguing post-pandemic pockets. While discretionary…

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Supermarkets warn of price surge if imperial measurements return

The British Retail Consortium, which represents supermarkets including Sainsbury’s, Asda and Morrisons, has warned the prime minister that returning to…

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