Tesco

Sustainability Consumerism: How retailers are on the front line

We live in febrile times, and for once we are not talking about Brexit. Within the last year we have…

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Walmart offloads Asda pensions amid IPO plans

Asda owner Walmart has reportedly struck a deal to offload £3.8bn worth of pension liabilities as it eyes a potential…

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M&S CFO Humphrey Singer to depart on 31 December

Marks and Spencer has announced that Humphrey Singer will step down from his role as CFO on 31 December. The…

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Grocery sales slow to lowest September growth in two years

Shopping momentum has fallen in September, with grocery sales slowing to +1.7% in the last four weeks. According to new…

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UK grocers criticised over ‘harsh’ working conditions for tea and fruit farmers

Oxfam has alleged that “poor pay” and “harsh working conditions” are commonplace on farms and plantations in Brazil and India…

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M&S names new food directors ahead of £750m Ocado Partnership

Four new directors have been appointed to strengthen the senior team at Marks & Spencer’s food business before its tie-up…

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Tesco CEO Dave Lewis to step down next year

Tesco has announced its group CEO Dave Lewis is to step down from his role next year after five years…

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Tesco scraps its first-ever Jack’s store

Tesco has confirmed it is closing the first-ever discount Jack’s store, only around a year after it unveiled its new…

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Asda FY sales and profits rise despite merger disappointment

Asda has reported an increase in both full-year sales and profits during the period it was the focus of an…

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Late August bank holiday heatwave lifts grocery sales

The late August bank holiday heatwave lifted total supermarket sales to +2.2% in the last four weeks, according to Nielsen’s…

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