Latest supermarket news – Page 215
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City snapshot: Tesco agrees £8bn Thai and Malaysian business sale
Tesco has agreed to sell its business Thailand and Malaysia to CP Group for an enterprise value of US$10,6bn (£8.2bn) to fund a special dividend and a £2.5bn pension contribution. Plus, global markets collapse amid oil price plunge and all the rest of the latest news from the City.
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Waitrose ‘not for sale’ in new John Lewis Partnership review
The retail chain has announced three Waitrose stores will close later this year
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Retailers struggling to stop shoppers stockpiling as coronavirus panic sets in
Retailers and suppliers have been keen not to raise fear levels, but that has not stopped shoppers clearing shelves
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City snapshot: Waitrose sale ‘not up for debate’ in John Lewis turnaround plan
John Lewis Partnership chairman Sharon White has insisted a sale of Waitrose is not on the table as the group revealed a wide-scale strategic review.
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Morrisons becomes first supermarket to join Slave-Free Alliance
Morrisons will get access to a range of services including site assessments, online resources, and technical consultations
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M&S reducing waste by turning leftover baguettes into garlic bread and crostini
The scheme is underway in M&S’s four flagship new-format Food Halls
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City snapshot: John Lewis profits drop 23% amid writedowns and bonus cut
The John Lewis Partnership has reported a 23% plunge in underlying pre-tax profits while taking a writedown of over £100m on its John Lewis store estate and cutting its staff bonus to 2%. Plus, updates from Domino’s Pizza, Total Produce, Origin Enterprises, PureCircle and all the rest of the latest news from the City.
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Tesco to begin price matching Aldi across hundreds of products
The campaign includes both own label and branded goods and will also apply to products ordered online at Tesco.com
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Tesco asks suppliers not to come to offices amid coronavirus fears
The decision comes a day after the government announced new emergency powers to tackle the virus
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Supermarkets urged to clarify policies on health and obesity
ShareAction criticised the transparency of supermarkets over obesity
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Greggs hints at expanding concessions across big four grocers
CEO Roger Whiteside said today that if the new trial with Asda was a success, other supermarket rivals may be interested
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Waitrose “still happy to deliver” to customers with coronavirus
Waitrose said it needed to “discuss specific arrangements” with online shoppers self-isolating due to coronavirus
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Waitrose trials coffee truck outside Cheltenham store
The coffee truck, nicknamed Rosie, is a converted 1973 Citroen purchased from a French farmer
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Tesco reissues 600,000 Clubcards following online scam
The supermarket said it had discovered attempts by fraudsters to use usernames and passwords stolen from other platforms
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Asda to launch oriental street food concessions with Panku
The first trials of 20 Panku concessions will start at Asda Trafford Park and Asda Aintree on Wednesday 4 March
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Tesco opens first high street cashless store in London
The new store features 14 tills, with only two manned and none accepting notes or coins
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City snapshot: Supermarkets enjoy green shoots of recovery in February
UK supermarkets saw the ‘green shoots’ of recovery in February, with small but positive growth in as total till sales improve to 0.7% in the last four weeks, according to Nielsen, and the strongest growth since November in the Kantar figures.
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Market crash creates 'buying opportunity' for UK supermarket stocks
Heavy share price falls across global stock markets have created a buying opportunity for undervalued UK supermarket stocks, according to broker Bernstein.
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M&S to expand packaging-free refill trial
The initiative was launched at the newly refitted M&S Food Hall in Hedge End, Hampshire, in December…
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Marmite teams up with M&S for trio of co-branded products
The co-branded NPD comprises Marmite Cream Cheese, Marmite Butter and Marmite & Cheese Twist