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United Kingdom news

01 June 2023
Huel, the ‘nutritionally complete’ food brand was established in 2015 and today its range includes powders, bars and ready-to-drink options. In 2021/22, its revenue surged by 40% to £144m and it is now available in over 100 countries globally. Last week, I attended the IRX 2023 conference in Birmingham, where I heard from Mario Tarantino, Head of Ecommerce. He shared how Huel makes its custome...
01 June 2023
Our global analysts share some of the latest headlines across the globe. Here's what you need to know. Europe: Lidl has been named the cheapest UK supermarket in the Grocer’s latest ‘Super Grocer 33‘ price comparison Superdrug has cut the price of its PL sun care by 20%. There is a campaign to get sun care reclassified from a beauty product to make it VAT exempt Aldi UK has partner...
31 May 2023
For a second successive quarter, Costco’s performance was impacted by softer sales in big ticket non-food discretionary items. This was partly due to cautious shopping in the ongoing inflationary environment, but also due to tough comparatives where these products performed better than usual in the last two years. Here we look at those results in more detail and highlight five key takeouts. Co...
31 May 2023
B&M have announced its preliminary results for the 52 weeks to March 25. Overall revenues were up 6.6% year-on-year to £4.9 bn. The group noted this was 30.7% ahead of pre-pandemic levels on a constant currency basis. The B&M UK fascia's revenue rose 4% year-on-year. EBITDA was down 7.4% to £573m (against last year), but was in line with expectations. In its preliminary report the group stated...
30 May 2023
Asda has announced its purchase of EG Group’s UK and Ireland business for an estimated enterprise value of £2.27 bn. The move, which had been rumoured for several months, consolidates two separate parts of the Issa brother’s business operations. Asda’s expansion into the convenience sector accelerates The purchase is expected to complete in the fourth quarter of the year, and will see Asda ...
25 May 2023
Leading UK convenience retailer, Co-op has announced that its partnership with the robot delivery provider, Starship Technologies has now been extended to Wakefield, West Yorkshire. Operating from Co-op’s store at Meadow Vale in the Outwood district of the town, the service will now be available to some 6,500 households in the area, providing a tailored range available to order through the Starsh...
25 May 2023
Based on data from its 30,000-strong shopper panel, the latest release from Kantar indicates that in the 12 weeks to 14 May 2023, total till roll consumer spend in Great Britain increased to 10.6% (compared to 9.4% for the previous period). Aldi and Lidl continue to illustrate growth higher than the rate of inflation, with the two enjoying a combined share of 17.8% at the end of the period (co...
25 May 2023
An audience of 1,200 gathered at London’s Tobacco Dock on 17 May to hear from Tesco Group chief executive, Ken Murphy, chief customer officer, Alessandra Bellini, and chief product officer, Ashwin Prasad. The leadership team shared their reflections on Tesco’s recent performance, their views on the current state of the market, and how and where success will be found in the coming years. The...
24 May 2023
M&S announced its latest annual results this morning. Reporting strong growth in its core business and updating plans for the future reshaping of the business to deliver long-term growth. Group revenue increased by 9.9% Total group sales for the year ending 1 st April 2023 increased by 9.9% to stand at £11,988 bn. Growth came from all areas of the M&S business. UK Food sales increased 8.7%...
23 May 2023
Morrisons has brought back its classic More Reasons to shop at Morrisons strap line and jingle. Last seen in 2006, the return comes as Morrisons brings back the More loyalty scheme and expands and rebrands its Savers Range of products, rounding off a string of improvements the retailer has made to its customer offer since October last year. Morrisons claim the original More Reasons campaign...