Lidl named UK’s cheapest supermarket
Tesco to return money meant to support struggling retailers
© David Lally
UK retailer Tesco has promised to pay back the £585 million it saved from a business rates holiday aimed at helping struggling retailers cope with the Covid-19 crisis. Tesco’s chairman, John Allan, said that the retailer was conscious of its responsibilities to society and that the Big 4 giant did not need the saving due to remaining open and trading strongly throughout the pandemic.
Walmart sells off Asda
Zuber and Mohsin Issa © PR (Source: The Guardian)
Walmart has sold its majority stake in Asda in a deal that values the UK supermarket chain at £6.8 billion. The purchasers are a consortium of brothers Zuber and Mohsin Issa and private equity firm TDR Capital, which will take a majority stake in the chain. It means the grocer will return to majority UK ownership for the first time in two decades.
Record sales for UK supermarkets
The covid-19 outbreak sparked the busiest month on record for UK supermarkets, with grocery sales in March soaring by 20.6% compared to the previous month. All 10 major UK supermarkets recorded sales increases during the first 3 months of 2020, according to the new data. Aldi reported an 11% rise in sales. Of the Big-4 supermarkets, Sainsbury’s performed best, with 7.4% growth.
Morrisons teams up with Deliveroo for contact-free delivery
To help UK consumers cope with the current lockdown, retailer Morrisons has partnered with Deliveroo to offer on-demand delivery in 30 minutes to families struggling to secure delivery slots. The partnership is aimed at expanding delivery capabilities, with Morrisons now offering 70 “essential household” items via the Deliveroo app. The service is available from over 130 Morrisons stores across the UK on new £35 lockdown food boxes
A first store for The Food Warehouse in Northern Ireland
Photo credit: www.newtownabbeytoday.co.uk /// Article source: Retail Gazette
The Food Warehouse has entered Northern Ireland for the first time with the opening of a flagship in County Antrim that has created 30 new jobs.
Aldi eases rationing of products
Aldi UK has announced that it is to relax shopping restrictions for a series of products that were previously being rationed at its UK stores. The discounter, which has recorded an 11% jump in sales in the past month, had limited customers to four of every product after panic-buying in response to the coronavirus pandemic. Products such as fresh fruit and vegetables and meat will no longer be rationed for shoppers.
Sainsbury's commits to £1 billion to become Net Zero by 2040
UK retailer Sainsbury’s has issued a pledge that its operations will become Net Zero in line with the goal to limit global warming to 1.5°C, the highest ambition of the Paris Agreement, and a decade ahead of the UK Government’s own target. The project will focus on reducing carbon emissions, food waste, plastic packaging, water usage and increasing recycling, biodiversity and healthy and sustainable eating Sainsbury’s will work collaboratively with suppliers and will ask suppliers for their own carbon reduction commitments.
Departure of Sainsbury’s CEO “not due” to Asda deal collapse
Credit: Peter Nicholls, Reuters, The Times
Sainsbury’s CEO, Mike Coupe, has announced his resignation but will remain in his post until the end of May. His replacement will be current retail and operations director, Simon Roberts. Coupe has denied that his resignation is linked with the collapse of the £12 billion merger with Asda, emphasising that it was his own decision to leave.