Iceland news

05 September 2022
As Iceland continues to battle with rising costs and collaborates with Del Monte to support the NHS Healthy Start scheme, we round news from the retailer. Iceland to ‘ halt store openings ’ as costs rise In an interview with the Mail on Sunday, Iceland’s managing director, Richard Walker, has said the retailer has had to pause new store openings after the company’s energy bill more than dou...
26 August 2022
As Iceland publishes its 2021/22 accounts at Companies House and sets out its expansion plans for the year ahead, we round up news from the retailer. Sales and profits fell back in 2021/22 financial year… Iceland’s Companies House accounts for its 2021/22 financial year to 25 March have shown the retailer has suffered a drop in both total sales and profits. Sales fell by 4.3% to GB£3.55 bn,...
09 August 2022
As Iceland highlights the challenges it is facing due to rising energy prices, and it launches initiatives to support shoppers, we round up developments from the retailer. Iceland to face challenges from rising energy prices… Iceland has told investors, according to reports in the Financial Times, it is facing challenges from rising energy prices, noting that the ‘ considerable uncertainty ...
22 July 2022
Several retailers have launched initiatives to support the government's new cost of living campaign, Help for Households, while others have introduced steps separately to help families over the summer holidays. We round up some of the steps launched so far. Divided shoppers research shows impact on families In our ShopperVista report on Divided shoppers , accessible to subscribers, we lo...
19 July 2022
The latest release from Kantar, based on data from its 30,000-strong shopper panel, indicates, in the 12-weeks to 10 July 2022, total till roll consumer spend in Great Britain rose, very slightly, by 0.1% versus 2021. The market’s growth in the 12-week period saw it return to positive territory for the first time since April 2021. Inflation reaches second highest level ever recorded by Kantar ...
07 July 2022
As the UK’s retailers invest further in their sustainability initiatives, we round up developments from M&S, Tesco, Sainsbury’s and Iceland. M&S trials private label refillable homecare products M&S is trialling a fixture to enable shoppers to buy pre-filled cleaning and laundry products in six stores. The solution, which has been created in partnership with Re, will see shoppers pay an ini...
20 June 2022
Following Tesco discussing shifts in shopper spending in its Q1 results , we look at two promotional and value-focused campaigns in the UK. Sainsbury’s adds further products to Aldi price match programme Sainsbury’s has expanded the number of products covered by its Aldi price match programme. The company said it had extended the scheme to cover its top 20 highest volume items, which wil...
24 May 2022
As new data shows inflation reached 7.0% in Great Britain in the last four weeks, we round up initiatives from Asda, Iceland and Superdrug as they look to promote the value on offer. Asda relaunches ‘Blue Light’ discount Asda has relaunched the 10% saving it offered holders of Blue Light Cards, which it provided during the pandemic. The offer will enable workers in the NHS, emergency se...
15 March 2022
Iceland has opened its first small format Swift store in London and four more are set to follow over the next six months. The Wembley store has opened exactly one store year after the format was piloted in Newcastle. What’s distinctive about Swift? Swift represent a striking break from Iceland’s established formats, reimagining the retailer’s frozen food strengths within an effective broad-...
01 March 2022
The GB market declined 3.7% in the 12 weeks to 20 February against 2021’s performance, according to the latest results from Kantar. Despite the decline seen against 2021, sales remain significantly higher than in 2020, up by 8.4%. Inflation continues to rise Grocery inflation reached 4.3% in February. Other than the start of the pandemic, this is the fastest rate of inflation growth seen ...