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Asda news

17 November 2023
Asda’s expansion into the convenience market has reached a notable milestone with the opening of the 100 th Asda Express store in Hexham. Following the news of its acquisition of the EG Group’s UK business , Asda is aiming to complete 20 store conversions a week, with all former EG Group and Co-op sites converted into its Asda Express format by the spring of 2024. As well as the 100 th s...
15 November 2023
Asda has released its latest results update, covering the three months to 30 th September. Total revenue for the period was £5.4 bn, a year-on-year increase of 3.8%. Food sales underpinned by performance of Just Essentials range Asda said its like-for-like food sales had increased 3.2%, with the performance driven by a strong showing from its Just Essentials value range, where sales were u...
09 November 2023
Following the confirmation of its purchase of EG UK’s convenience sites, Asda has confirmed it plans to convert all 356 sites into Asda Express stores by next summer. The conversion will include 117 Spar stores that previously sat on EG forecourts. Taking into account the conversion of the sites acquired from Co-op, Asda is aiming for 20 store conversions per week. As part of its long-term ...
03 November 2023
A look at the latest news from the retailer. Home Bargains price matched ‘paused’ Asda has halted its Home Bargains price match scheme to review the success of the campaign. As reported by The Grocer, the webpage that would take shoppers to the price match products now links to a different part of the website listing the retailer's departments. An Asda spokesperson said: “We’re ...
03 November 2023
Asda has completed the acquisition of EG Groups’ UK operations for an enterprise value of £2.07 bn. The news comes several months after the purchase was first announced back in May . Expansion into the convenience sector accelerates The purchase adds 356 EG Group sites to Asda’s growing convenience estate, with Asda saying all sites will be converted into its Asda Express format.   Th...
10 October 2023
Last week I attended the IRX 2023 (Internet Retailing Expo) event at London’s ExCel centre. In this article, I’ll share three of the key highlights; from climate innovation to Asda’s ‘biggest retail transformation in the whole of Europe’ and winning with social commerce. 1. Baroness Martha Lane-Fox: the world’s first trillionaire will come from climate innovation enabled by technology B...
09 October 2023
Asda has begun converting the 116 Co-op forecourts it acquired last year into its Asda Express convenience brand. Asda originally acquired 132 sites from the Co-op, agreeing to divest 13 of the sites in order to receive approval from the Competition & Markets Authority . Once converted, each site will range up to 3,000 branded and own-label products. Asda will be aiming to serve multiple...
29 September 2023
Asda launched its ‘M&S Taste Match’ campaign in stores this week. The campaign's core message is “This isn’t just food, it’s M&S taste, at an Asda price.” as Asda looks to promote the quality credentials of its products. The retailer claims in blind taste tests hundreds of its products have been voted either “as tasty” or “tastier than” equivalent products at M&S. Asda claims all the pr...
28 September 2023
Asda has unveiled plans for a new commercial operating structure at its home office in Leeds. The new commercial structure will be comprised of eight integrated business units aligned to specific categories and is being implemented with immediate effect. Each unit will be led by a Business Unit Director with full responsibility for sales & profitability in their area. Dedicated teams within...
18 September 2023
With legislation and shoppers driving sustainability programs, retailers and suppliers are innovating to meet targets and aspirations in this area. We are witnessing numerous initiatives such as electric delivery vehicles, minimising food waste and implementing vertical integration within the supply chain. Here are some of the latest developments. Renewable energy for a greener environment in...