Retail Gazette

SEPTEMBER 4, 2023

MPs have flagged that Asda’s ownership structure could be limiting the supermarket ’s ability to help shoppers amid the ongoing cost of living crisis. In the letter he also requested details on loans from the Issas’ petrol forecourt operation, EG Group, which helped fund the buyout of Asda.

Payment Services 105

Payment Services Finance Supermarket Wholesale 105

Retail Gazette

MARCH 27, 2024

The supermarket saw like-for-like sales, excluding fuel, soar 4.6% “Those plans are now in full swing with the whole business engaged in the three key pillars of work that will be the foundation of the future for Morrisons: commercial excellence, operations optimisation and new value creation.” rise the year before.

Grocer 116

Grocer Payment Services Supermarket Wholesale 116

365 Retail

JULY 5, 2022

The Very Group, operator of multicategory digital retailers Very and Littlewoods, has appointed former president and CEO of Walmart Japan Lionel Desclée as group CEO. Before joining Walmart, Lionel spent three years as president and CEO of Tom & Co, which operates over 160 pet care stores in Belgium, Luxembourg and France.

Payment Services 122

Payment Services Supermarket Finance Fulfillment 122

Retail Gazette

JULY 23, 2023

However, as they made losses last year – mostly due to large interest payments on the debts loaded onto their balance sheets – no tax was due, The Sunday Times reported. of finance costs, which include the interest payments on its debts. The owners of the supermarkets did not take any dividends.

Payment Services 98

Payment Services Finance Supermarket 98

Retail Minded

NOVEMBER 8, 2022

Although self-service checkouts were first introduced in 1986 , they are still far from perfect. University of Leicester’s Adrian Beck, a retail finance expert, estimates that moving half or more of transactions to self-service pushes losses 77% higher. Self-service scanner apps are the simplest and most widely adopted method.

Checkout 97

Checkout Payment Services Inventory Management Grocer 97

Retail Gazette

MAY 3, 2024

The payments to Clear Sky LP and Clear Sky 2 LP push the full amount owed to the petrol forecourt’s business from £29.47m to £39.83m in 2023. An EG Group spokesman told The Telegraph: “EG Group provided loans to the Clear Sky companies at a commercial rate of interest to service external third-party debt.

Payment Services 105

Payment Services Finance Accounting Location 105

Inside Retail

NOVEMBER 1, 2022

According to point-of-sale data collected by Nikkei from supermarkets and other food retailers for more than 200 products, food prices are rising faster than the official government CPI as wholesale increases for most products are passed quickly through to consumers. per cent, food service up 6.5 Thailand keeps the lid on.

Wholesale 130

Wholesale Payment Services Finance Consumer 130

365 Retail

APRIL 21, 2021

The consumer group welcomed changes in the House of Lords to the Financial Services Bill, which will mean corner shops, pubs and cafes will soon be able to offer cashback without people having to make a purchase first.

Shopping 72

Shopping Payment Services Finance Supermarket 72

Mike Anthony

MAY 3, 2023

Big supermarket chains have been under pressure for some time as e-commerce, discounters and convenience stores and specialists all vie for share. Then inflation hits both store operation costs as well as cash-strapped shoppers. They can extend their payment terms, so that in effect the supplier owns more (often all!)

Payment Services 100

Payment Services Planning Returns Finance 100

Retail TouchPoints

MARCH 29, 2022

Sessions illustrate the increasingly complex nature of the customer experience, and how the lines between commerce, marketing, service, and even supply chain and fulfillment, continue to blur. You need to get buy-in from across the organization — from the finance team, from the customer service team, from the IT team, from the marketing team.

Payment Services 245

Payment Services Merchant Services Consumer Customer Experience 245