Asda: Huge equal pay court case starts amid demonstrations September 9, 2024 A court case over equal pay involving more than 60,000 Asda workers has started amid demonstrations being staged in Brighton and Manchester. The GMB union, which has said the case is the biggest ever in the private sector, is arguing that the predominantly female retail workforce is paid up to £3.74 an hour less than [...]
Aldi hails record sales as profit surges by almost £400m but loses market share September 9, 2024 Aldi has lost market share despite achieving record sales during its latest financial year as its profit surged by almost £400m, new figures have revealed. The Warwickshire-headquartered UK arm of the German supermarket giant lost 0.2 per cent to report a market share of 10 per cent in 2023. That’s despite Aldi posting record sales [...]
Inside Asda’s turnaround plan to win back customers from supermarket rivals August 9, 2024 It’s a difficult time to be at Asda’s helm – with sales down as well as competitors eating into its market share, the supermarket giant has announced an ambitious three-point turnaround plan to stave off further declines. Without a permanent CEO – the position has been empty since 2021 and filled on an interim basis [...]
‘It’s not where we want to be’: Asda sales shrink as supermarket rivals eat into market share August 8, 2024 Asda’s sales have dropped again after it continued to lose market share to its supermarket rivals, according to new figures. Revenue in its second quarter of its financial year was down 2.2 per cent, with a 5.3 per cent like-for-like decline, as its sales slump accelerated. Competitors like Morrison’s, Tesco and Sainsbury’s have been slowly [...]