Supermarkets announce more price cuts
- 11-Oct-2023
British supermarkets Marks & Spencer and Asda announced more price cuts on Wednesday, adding to the country’s brighter outlook for food inflation. M&S said it was cutting the prices of 200 food items by an average of 11%, including British beef mince, tuna steaks and Red Leicester cheese. Supermarket Asda said it had reduced prices […]
Supermarkets cut more prices
- 11-Sep-2023
British supermarkets Waitrose and Aldi announced further rounds of price cuts on Monday, adding to the country’s improving outlook for food inflation. Upmarket grocer Waitrose said it would this week lower the prices of a further 250 products by an average of 10%, while discounter Aldi said it was cutting the prices of 55 fruit […]
Supermarket launches fresh round of price cuts
- 24-Aug-2023
LONDON: British supermarket Asda on Thursday followed rivals Ocado Retail and Sainsbury’s in announcing a fresh round of price cuts, adding to the downward trajectory in UK food inflation. Grocery prices remain in the spotlight as Britons grapple with a cost-of-living crisis stretching into its second year. Asda, Britain’s third largest grocer, said it had […]
Supermarket to launch new round of price cuts
- 20-Jul-2023
UK supermarket Asda will on Friday cut the prices of 226 own label products by an average of 9%, adding to a body of evidence that a surge in UK food inflation is on the wane, it said on Thursday. Asda, Britain’s No. 3 grocer after market leader Tesco and Sainsbury’s, said the latest price […]
Supermarket to freeze prices of 500 products until August
- 13-Jun-2023
Asda, Britain’s third largest supermarket group, has frozen the prices of over 500 branded and own-brand products until the end of August, it said on Tuesday. The retailer, owned by brothers Zuber and Mohsin Issa and private equity group TDR Capital, said the price lock includes cupboard essentials such as cereals, pasta and tea, as […]
Supermarket cuts prices on 200 products
- 12-Jun-2023
LONDON: British supermarket group Waitrose said on Monday it had reduced the price of more than 200 products as part of a 100 million pound ($126 million) plan announced earlier this year in the fight to retain customers struggling with high inflation. Food prices are up more than 19% over the last year, outpacing the […]
Top supermarket group cuts price of bread and butter
- 09-May-2023
Sainsbury’s, Britain’s second largest supermarket group, has cut the price of bread and butter, in another sign that a surge in food inflation is set to abate and even reverse in the coming months. The group said on Tuesday it had cut the price of Sainsbury’s 800g Soft White Medium, Wholemeal Medium, Wholemeal Thick and […]
UK govt calls in supermarket bosses for salad crisis talks
- 27-Feb-2023
UK’s major supermarket groups have been called in by the government to discuss what they are doing to restock shelves with salad items as the country’s shortage entered a third week, the department for Environment, Food and Rural Affairs said. Food and farming minister Mark Spencer will meet the bosses of Britain’s major grocers later […]
Where are the tomatoes?
- 21-Feb-2023
Britain is facing a shortage of tomatoes after supplies to supermarkets including market leader Tesco and No. 2 Sainsbury’s were hit by disrupted harvests in southern Europe and North Africa. Grocers said the situation was exacerbated by less winter production in greenhouses in the United Kingdom and the Netherlands due to high energy costs. Andrew Opie, […]
Supermarket chain says it will raise staff pay by 10%
- 18-Feb-2023
UK supermarket chain Asda announced a 10% pay rise for 115,000 staff on Friday, the kind of increase likely to catch the attention of the Bank of England, which is worried about inflation pressure in the economy. Asda said most of the pay rise would take place in April, with a further small increase in […]