NEWS ShopTalk S
hares in Sainsbury’s have rocketed after it revealed details of the impending Asda merger. Sainsbury’s and Asda have said that their planned £13bn merger will maintain the number of stores operated by the two brands and cut shoppers’ costs.
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The deal – which faces close scrutiny by competition authorities – will create a grocery powerhouse, overtaking Tesco as the number one player in the sector, with combined revenues of £51bn.
There are no plans to close Sainsbury’s or Asda stores, though executives are targeting savings of £500m, including ‘operational efficiencies’ and the opening of Argos concessions in Asda stores. Sainsbury’s chief executive Mike Coupe said, however, that he could not dismiss the possibility that regulators could order the disposal of some sites. Analysts at Global Data said at least 75 would have to go. Sainsbury’s said customers would see benefits including price cuts of 10% on many of the products that customers buy regularly.
Asda’s US owner Walmart would receive just under £3bn in cash plus a 42% stake in the combined business, in a deal which values the Leeds- based chain at £7.3bn.
6 June 2018
o-op’s acquisition of Nisa has now been officially completed, despite a last-ditch effort by some shopkeepers to block the deal. This comes after the Competition and Markets Authority gave the green light to the £143m takeover, stating that there was “sufficient competition in both the wholesale and retail sectors to ensure that shoppers are not worse off”. Nisa’s chairman Peter Hartley said: “The mood amongst our retailers is one of excitement as we look forward to life together with the Co-op. “Our attention now turns to the future, and ensuring the benefits of the transaction are quickly passed to our members and their customers.” In the new deal, Nisa’s 1190 shopkeepers will receive £20,000 up front from Co-op, alongside deferred payments worth more than £410,000 for those owning over 250 shares in Nisa.
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m Morrison has recorded its tenth consecutive quarter of rising sales and its best
like-for-like sales growth in eight years as the grocer’s turnaround builds up steam.
fuel, were up 3.6% in the 13 weeks to 06 May. The uplift came from its retail division as well as its wholesale arm, which supplies Amazon and McColl’s convenience stores. Morrisons chief executive David Potts’s turnaround programme has focused on getting the ‘retail basics’ right: improving quality, availability and pricing of products, refitting its stores and improving its efficiency. Mr Potts has said that Morrisons has continued to become more competitive, adding that the company is “now open for business as a wholesaler”.
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upermarket chain Iceland is set to launch in China with an online flagship store in partnership with
China’s largest retailer,
JD.com. The UK supermarket brand, which is best known for its own-brand frozen goods, will launch its store on JD Worldwide, the retail giant’s cross- border e-commerce platform. The store will sell Iceland’s own-brand products such as biscuits, cereals and sauces along with a selection of other branded products.
Sir Malcolm Walker, founder of Iceland, said: “Iceland never stands still. The rapid growth and opportunities the market in China offers were significant, and we decided it was time to act.
JD.com is a magnificent partner for us and we are excited to see the response of customers in China to our product range.”
In a solid start to its financial year, the Bradford-based supermarket said group like-for-like sales, excluding
Yang Ye, general manager of JD Worldwide, said: “With consumer demand for imported British products growing rapidly, this is an ideal time
for a respected brand like Iceland to enter the China market.
The move comes as
JD.com, and its rival Alibaba, focus on the UK market in a bid to grow the selection of international brands available to Chinese consumers. The moves are part of both brands’ strategies to grow cross-border sales as Chinese consumers increasingly embrace quality over price.
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lans have been submitted to transform a derelict West Midlands supermarket into a
brand-new Aldi store.
The former Budgens on Coppice Farm Way in Willenhall closed down more than 12 months ago, with the German budget food giant now poised to redevelop the site. If given the go-ahead, the new Aldi would help create around 40 part-time and full-time jobs. A spokesman for STOAS Architects, on behalf of Aldi, said: “The proposed development will provide a much- needed new local food retail store for the residential areas surrounding the site, which currently have limited provision.”
The Aldi proposal in Willenhall was officially lodged to Walsall Council on 23 April with a decision set for 23 July.
www.acr-news.com
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