All Grocery articles – Page 61
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NewsAsda finance chief resigns after less than a year
Asda’s chief financial officer John Fallon has quit less than a year after he was promoted by the grocer’s new owners.
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NewsSupermarket shares crash as Tesco’s warning takes effect
The share price of listed supermarkets plummeted yesterday after grocery giant Tesco issued a stark warning on the effects of the cost of living crisis.
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AnalysisAnalysis: How Tesco is tackling retail’s three most ‘significant uncertainties’
Tesco unveiled surging profits as it powered through the pandemic – but there was more than an air of caution as directors presented full-year results.
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NewsData: Inflation hits 30-year high of 7% as fuel and food prices soar
The annual rate of inflation recorded a rise to 7% in the 12 months to March as the cost of living continues to soar.
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NewsMarks & Spencer cuts prices of everyday foods as cost of living climbs
Marks & Spencer has reduced the prices of 60 staple foods in its Remarksable Value range as consumers’ cost of living soars.
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NewsAsda reignites ‘equal value’ row with pay offer to warehouse staff
Asda has reignited a long-running equal pay row after being accused of offering male staff a larger pay rise than female employees.
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NewsSainsbury’s becomes first major grocer to pay both real and London living wage
Sainsbury’s will increase pay for Sainsbury’s and Argos store employees in outer London, becoming the first major supermarket to pay the real living wage and London living wage to all its store workers.
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NewsMorrisons’ new owner offers to sell petrol stations to ease fuel price fears
The private equity owner of Morrisons has offered to sell several of its petrol stations following concerns from the competition watchdog that the takeover could lead to higher fuel prices.
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NewsCo-op targets 50% online growth in challenging year to come
The Co-op aims to notch up 50% online sales growth this year as it bolsters its multichannel operations.
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NewsTesco awards staff biggest pay rise in a decade
Tesco has revealed plans for significant investment in its workers, which will involve increasing hourly pay rates for store and warehouse staff by 5.8%.
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NewsCo-op profits plunge as supply chain disruption takes toll
The Co-operative Group has reported a steep fall in annual profits after its performance was hit by “food supply chain disruption during system transformation”.
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AnalysisDeep dive: How the cost-of-living crisis will hit retailers and their customers
Retail Week explores the impact of the current world crisis on each customer and business and asks what, if anything, can be done.
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NewsPaul Polman: Retailers that fail on climate change are ‘heading to the graveyard’
Former Unilever boss Paul Polman has urged retailers to escape “the rat race of quarterly reporting” in order to drive longer-term change on sustainability.
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Opinion‘After Morrisons’ gloomy update, Tesco will set tone for all of retail next week’
A downbeat trading update from grocer Morrisons raised questions over prospects for other grocers and the retail industry more widely.
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NewsMorrisons’ new owner to sell £500m of grocer’s property portfolio
Morrisons’ new owner Clayton Dubilier & Rice (CD&R) has given the green light to sell off a chunk of the supermarket’s property portfolio.
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OpinionLuke Jensen: ‘It’s time to change the 20th-century grocery model’
A radical rethink of the grocery value chain and long-term investment in labour productivity growth are essential. Tinkering at the margin won’t be enough, argues Ocado Solutions chief executive Luke Jensen.
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NewsExclusive: Sainsbury’s axes 300 roles as it steps up ‘save to invest’ programme
Sainsbury’s is axing hundreds of jobs across three store support centres as it ramps up its cost-cutting drive, Retail Week has learned.
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Opinion‘The Co-op’s leadership jigsaw is still missing major pieces’
The Co-op has sparked shock and confusion over the past six weeks after a series of changes to its senior leadership team. Editor Luke Tugby asks whether there is more than meets the eye to a tumultuous time in Manchester
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NewsExclusive: Co-op names ‘co-managing directors’ to cover Jo Whitfield absence
The Co-op is poised to promote two senior executives to ‘co-managing directors’ of its food business to cover boss Jo Whitfield’s career break.
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OpinionThe big debate: Is Iceland right to roll back on its palm oil promise?
As the price of sunflower oil soared following Russia’s invasion of Ukraine, Iceland has reverted to the use of palm oil in some of its products – something the retailer has been resolutely against since 2018. Retail Week’s Rosie Shepard and George MacDonald debate whether that was the right decision.