Inside Retail

SEPTEMBER 25, 2023

However, 44 per cent of the participants said that it is justifiable to taste a fruit in a supermarket without buying it. The majority said that they are pessimistic about their personal finances and business conditions, with middle-aged consumers being the most pessimistic about their current financial situations.

Checkout 312

Checkout Finance Supermarket Consumer 312

Retail TouchPoints

JULY 5, 2024

Kestenbaum noted that Amazon “had hoped for big growth in supermarkets but it has proven a big challenge to crack into the top five performers in that industry. Department store services and technology, while not as big as grocery, could be a more accessible opportunity for Amazon and a great learning exercise.”

Department Stores 306

Department Stores Finance Supermarket Accounting 306

Inside Retail

JANUARY 5, 2022

Between a third and half of transport workers are currently unable to work due to complications caused by Covid-19, according to the Transport Workers’ Union, putting major stress on the supply chain and leaving supermarket shelves bare. There is cartel-like behaviour, and this pushes prices up and increases demand.

Supermarket 279

Supermarket Finance Planning ATS 279

Retail Gazette

DECEMBER 27, 2023

Lidl UK finance boss Marco Di Costanzo has stepped down from his role, following a £76m loss from the discounter. ” The news comes after Lidl was named the third largest supermarket in London in October, overtaking Asda with a market share high of 9.1%. Normally it’s the chief executive who has to leave.”

Finance 103

Finance Accounting Supermarket Planning 103

Inside Retail

MAY 5, 2022

SEND has faced some unique financing challenges given the composition of its international investors.”. “Send has been successful in building a leading position in the grocery delivery space, however, as a start-up it requires ongoing financial support. Send was founded in early 2021 and by August last year, had secured a $3.1

Finance 258

Finance Fulfillment Supermarket Location 258

Inside Retail

FEBRUARY 26, 2025

Japan’s Seven & I Holdings said on Thursday the retailer’s founding Ito family could not secure the financing required for a US$58 billion management buyout, and it would consider a rival offer from Canada’s Alimentation Couche-Tard.

Finance 130

Finance Management Marketing Supermarket 130

Retail Gazette

APRIL 3, 2025

The supermarket giant said Bickerstaffe, who left M&S in March last year , is a highly regarded retail and consumer business leader, bringing strong perspectives on digital business models and transformation programmes.

Grocer 66

Grocer Finance Supermarket Consumer 66

Retail TouchPoints

FEBRUARY 28, 2022

“Ontario joins Canada’s allies in condemning the Russian government’s act of aggression against the Ukrainian people, and will direct the [Liquor Control Board of Ontario] to withdraw all products produced in Russia from store shelves,” said Peter Bethlenfalvy, Finance Minister of Ontario in a tweet.

Grocer 298

Grocer Fashion Finance Supermarket 298

Retail TouchPoints

APRIL 28, 2023

Digitization has overhauled much of the business world, and in departments like finance or marketing you’d find most employees are hooked on apps that serve up-to-date information on the status of their programs and connect them with others on their team for real-time collaboration.

Finance 277

Finance Employee Engagement Supermarket Management 277

Inside Retail

JUNE 29, 2022

Walgreens’ move to call off the sale comes as private equity bidders Apollo Global and TDR faced headwinds in raising financing for the deal, several sources told Reuters, as banks were wary of underwriting large chunks of the financing due to tough market conditions. billion in debt to fund the deal.

Marketing 147

Marketing Beauty and Health Finance Supermarket 147

Retail Gazette

DECEMBER 19, 2023

By early next year Asda is set to see its debt interest bill exceed £400m, driven by escalating interest rates that are piling pressure on the private equity-owned supermarket. The £500m in borrowings are part of the debts taken on by the supermarket to finance the acquisition of Asda in 2021. times, that has gone down to 3.8

Grocer 119

Grocer Finance Supermarket ATS 119

A1 Retail

JANUARY 10, 2023

Supermarket growth slowed as many Brits stocked up on festive food and drink earlier than usual to help spread the cost and avoid shortages. Supermarket spend remained in growth (up 5.5 Spending on utilities climbed 40.6 percent, as the drop in temperature led more households to increase their heating . Image courtesy of Unsplash.

Finance 98

Finance Outdoor Supermarket Department Stores 98

Retail TouchPoints

MAY 4, 2022

Studies have shown that unpleasant sounds or “noise clutter” in retail stores and supermarkets can reduce sales by nearly 30%. In-store staff are the public face of the retail company with varying duties and responsibilities like interacting with customers, handling finances and carrying out stock control.

Shopping 304

Shopping Finance Supermarket Management 304

Inside Retail

NOVEMBER 16, 2023

Beyond a range expansion, MCoBeauty has “supercharged” its New Zealand footprint, entering into Woolworths’ Countdown supermarket chain and Chemist Warehouse, as well as launching a dedicated satellite office. And, with substantial pressures on customers’ finances, its proposition has gotten even stronger.

Finance 260

Finance Supermarket Marketing Consumer 260

365 Retail

OCTOBER 28, 2024

In London, where Lidl was recently ranked as the capital’s third largest supermarket, three new stores will open. The sale and leaseback model, used to finance these locations, offers Lidl greater flexibility to continue broadening its footprint across the UK.

Supermarket 64

Supermarket Finance Planning Location 64

Retail Gazette

JANUARY 5, 2024

.” Subscribe to Retail Gazette for free Sign up here to g et the latest news straight into your inbox each morning Last year it was revealed that the supermarket will see its debt interest bill exceed £400m early in 2024, driven by escalating interest rates that are piling pressure on the private equity-owned supermarket.

Supermarket 124

Supermarket Grocer Finance Accounting 124

Retail TouchPoints

JANUARY 27, 2022

Nearly 200 nations discussed how best to address the planet’s climate emergency; new pledges, standards and rules were established for reducing methane gas pollution and deforestation, and clearer guidelines for coal financing and carbon trading. degrees Celsius.

Shopping 264

Shopping Thrift Store Finance Consumer 264

Retail Gazette

MARCH 13, 2024

These were related to external debt and inter-company loans, with its debt-financing bill 23% above the £593m incurred the year prior. Additionally, fuel sales at the supermarket dropped more than £560m to £3.4bn, before it offloaded its 337 petrol forecourts to Motor Fuel Group two months ago under a £2.5bn deal. .”

Payment Services 126

Payment Services Supermarket Finance Accounting 126

365 Retail

JUNE 21, 2021

billion takeover approach from a US private equity firm amid speculation that more UK supermarkets could be snapped up. UK supermarkets have been buoyed by the pandemic over the past year as sales were boosted by the closure of non-essential shops and hospitality firms. Morrisons has snubbed a £5.5 billion (Mikael Buck/Morrisons/PA).

Supermarket 75

Supermarket Grocer Finance Marketing 75

Retail Gazette

MAY 9, 2024

The cuts coincided with the retailer saving roughly £26m in employment costs during the year, while its finances were also aided by its decision not to pay workers a cost of living bonus last year. The supermarket came under fire for offering affected staff a reduced redundancy package after proposing a higher payout back in January.

Supermarket 119

Supermarket Finance Management Shopping 119

Retail Gazette

MAY 9, 2024

The move will make the supermarket the first to set out such a clear commitment across its store to net zero, including in its meat and dairy goods, The Telegraph reports. Regenerative agriculture is a philosophy of farming centred around protecting soil to enhance its ability to store carbon and biodiversity, according to the publication.

Supermarket 115

Supermarket Grocer Finance Planning 115

Retail Gazette

MARCH 5, 2025

The senior appointment follows news last week, revealed exclusively in Grocery Gazette, that the supermarket chain was to consult over proposals to restructure some head office teams , in a move that could see up to 350 jobs cut. Click here to sign up to Retail Gazettes free daily email newsletter

Finance 59

Finance Supermarket Planning ATS 59

Retail Gazette

DECEMBER 4, 2024

It then began discussions with several parties, including Apollo and shareholder Richemont, about securing new financing. The business shuttered all its 237 branches inside Sainsbury’s supermarkets in June 2023 in a move that is thought to have cost around 2,000 jobs.

Shopping 124

Shopping Beauty and Health Fashion Planning 124

Inside Retail

JUNE 28, 2023

Food for thought At IGA, supermarket sales rose 2.1 Both supermarket giants will release their full-year results in late August. Paying the price While supermarkets have been raising prices to cover additional costs in their supply chain, questions have been raised about the ethics of profiting off of charging people more to eat.

Supermarket 130

Supermarket Finance Accounting Management 130

Inside Retail

JUNE 7, 2023

Lotus’s, for its part, operates 2,654 retail stores, of which 225 are hypermarkets, 182 are supermarkets and 2,182 are mini-supermarkets that resemble convenience stores in size and product offering. The second piece of bad news is that most retailers are being hit hard by higher financing costs because of rising interest rates.

Net Profit 130

Net Profit Finance Supermarket Wholesale 130

Retail Gazette

MARCH 21, 2025

The reshuffle will impact some buying department positions, including non-food, finance and some back-office functions. The supermarket chain is seeking to expand the amount of buying roles at its Atherstone head office.

Fashion 101

Fashion Fast Fashion Finance Planning 101

Retail Gazette

OCTOBER 17, 2023

Total till sales at UK supermarkets have seen sustained growth of 9.1% This has been encouraged by an increase in the discounts offered by supermarket loyalty schemes. But it may also be an indication that some shoppers are now feeling more confident about their personal finances.

Supermarket 64

Supermarket Finance Returns Advertising 64

Retail Gazette

MAY 13, 2024

Asda has launched plans for a “transformational” mixed-use redevelopment of its ten-acre Park Royal store in North West London, marking a first for the supermarket. The grocer claimed sustainability would be at the heart of the new site, with the scheme providing significant biodiversity and ecology net gains.

Planning 109

Planning Supermarket Grocer Finance 109

Retail Gazette

MAY 3, 2024

The supermarket said the deal has postponed the majority of its maturities past 2030 and included the biggest sterling high-yield bond this year. It noted that it was also the second-largest sterling bond in the European leveraged finance market – only behind its original £2.25bn sterling bond tranches in 2021.

Supermarket 116

Supermarket Finance Marketing ATS 116

Retail Gazette

MAY 20, 2024

The deal gave the supermarket chain a 20% minority stake in MFG and established commercial and supply agreements with the fuel group. The debt-financing bill was 23% higher than the £593m incurred in 2022.

Planning 119

Planning Payment Services Supermarket Grocer 119

Retail Gazette

OCTOBER 27, 2023

After facing questions by MPs on the Business and Trade Committee over his management of the supermarket, Mohsin Issa wrote a letter to the committee, which was published last week, where he clarified its corporate structure, setting out a list of 24 companies that were connected to the supermarket.

Supermarket 116

Supermarket Finance Management Marketing 116

Retail Gazette

FEBRUARY 2, 2024

Mamas & Papas has poached Asda’s finance exec Sarah Ashby as its new chief financial officer. Asbhy, who took up the post on January 19, most recently served as the supermarket chain’s senior finance director of projects and M&A.

Finance 98

Finance Grocer Supermarket Promotions 98

Retail Gazette

AUGUST 9, 2024

In the wake of Asda’s second quarter results, the supermarket has outlined three key areas it plans to focus on to improve performance over its second half. ” The finance boss noted that Asda has already invested £70m on 120 product price cuts over the first half of the year and launched Lidl and Aldi price matches during 2024.

Checkout 111

Checkout Supermarket Grocer Planning 111

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. MPs described the session as “drawing teeth” after accusing Issa of failing to answer questions about the supermarket’s fuel prices , finances and treatment of staff.

Payment Services 105

Payment Services Finance Supermarket Wholesale 105

Inside Retail

OCTOBER 19, 2023

Wavish had as number of executive roles at Woolworths between 1999 and 2006, including chief financial officer, finance director and head of supermarkets. A successful team There is no doubting the successful careers of Mathieson and Corbett but the Wavish record is another matter.

Boutique 246

Boutique Finance Planning Supermarket 246

Retail TouchPoints

APRIL 6, 2023

Retail is already seeing successful use cases: Albertsons recently rolled out a predictive ordering platform from Afresh Technologies designed for the rapidly changing nature of fresh products to more than 2,000 of its supermarkets, providing department managers with easy-to-use ordering tools leveraging real-time insights. said Thota.

Payment Services 262

Payment Services Supply Chain Management Supermarket Accounting 262

Inside Retail

JULY 13, 2023

Coles names new data manager By Dean Blake Supermarket chain Coles has announced the appointment of David Han as general manager for its digital engineering and data division. She has a background in marketing, finance and accounting which gained from her previous roles.

Finance 130

Finance Fashion Supermarket Accounting 130