Asda news

25 January 2021
EG Group, whose owners Zuber and Mohsin Issa are in the process of buying Asda from Walmart, has appointed retail heavyweight Stuart Rose as its new chair. Governance structures to be strengthened Rose, a former executive chair of M&S, is currently chair of Ocado, but will step down from this role in May. He will take up the new position at EG Group immediately and will work to develop impr...
20 January 2021
Asda is trialling a vegan butcher counter with vegan concept creator, Kbox Global, called Veelicious, in its Watford store. We visited during the counter’s opening week to see how Asda was positioning the offer and activate it for shoppers, as it looks to benefit from growing interest in veganism. Inspiration during Veganuary Coinciding with Veganuary, the counter launched on 11 January, an...
07 January 2021
As Covid infection rates rise, Asda has urged customers not to buy more than they need and offered reassurance on product availability and store safety. Online expansion Asda plans to increase online home delivery capacity from 850,000 to 900,000 slots per week by the start of April. This builds on a 90% increase in capacity since last March. The retailer is also doubling the size of its...
05 January 2021
In the 12 weeks to 27 December 2020 the grocery market grew +11.4%, the fastest rate since August 2020, according to Kantar. Growth was driven by Christmas spending and changing shopping habits due to increased restrictions. Here we look at the results in more detail, including an overview of performance in the online and discount channels. Record four weeks of sales With the closure of ...
21 December 2020
The UK government has introduced new rules for Christmas, with tighter restrictions in some areas of the country. We explore these, and the implications for the grocery sector. What has changed? A new tier has been introduced for London and much of the south-east The whole of Wales has entered another lockdown Scotland will enter a new lockdown from 26 December Where are the n...
14 December 2020
Asda paid a £1.15 bn dividend to parent Walmart, according to newly filed accounts at Companies House for the year to 31 December 2019. Made in March, this was the first such payment for three years. Profits fall as sales edge lower The dividend was paid despite profit for the period falling by over a quarter to £584.2m, from £803.2m in 2018, which Asda attributed to a number of one-off cos...
08 December 2020
A combination of shoppers planning earlier for Christmas, and a national lockdown in England, led to the grocery market's fastest rate of growth since August. The market grew 11.3% in the 12 weeks to 29 November, according to Kantar. We look at key retailers' sales growth, the latest online developments, and highlight format development from the Big Four in November.  Preparing for Christmas a...
08 December 2020
The UK’s Competition and Markets Authority (CMA) has formally opened an investigation into the planned £6.8bn acquisition of Asda by billionaire brothers Mohsin and Zuber Issa, owners of EG Group, in partnership with TDR Capital. In a separate development, Asda has confirmed its chief customer officer has left the business to rejoin her family in Australia. Phase 1 probe launched The CMA...
03 December 2020
Sainsbury’s, Morrisons, Asda and Aldi have followed Tesco’s lead in deciding to repay business rates relief received from the UK government and devolved administrations during the pandemic. The moves follow criticism of food retailers taking advantage of the scheme while also being able to trade throughout the crisis. Repaying the tax breaks will make it easier for these retailers to pay dividend...
03 December 2020
As excitement builds, despite a different feel to Christmas this year, we share three initiatives that focus on offering ease, value, and support to local communities during the season. Hassle-free Christmas food box Food boxes have become increasingly popular in 2020, providing shoppers with a one-stop solution for celebrating seasonal events at home. To appeal to customers on a plant-base...