UK Retail News Roundup: Profits, Lawsuits, and Sales Trends
The Co-operative Group (Co-op) reports £43m profits for H1, up from a £1m loss last year due to cost-saving...
Ocado
Ocado Shares Plummet 20%, Losing £1.4bn in Value
In a major blow to online supermarket Ocado, shares plummeted 20% yesterday, their worst drop in 11 years, after...
Mixed Results for Retailers Amid Challenging Trading Conditions and Heatwave Impact
Kingfisher, parent company of B&Q, has revised its full-year profit forecast down to £590m from an initial estimate of...
Ocado’s Q3 Sales Surge Amid Price Cuts and Partnership with M&S
Ocado's retail sales soar by 7.2% in Q3, reaching £569.6m due to price cuts and a surge in shoppers....
Grocery Price Inflation Drops to 12.2% as Discount Retailers Grow
Inflation drops to 12.2%, its lowest in over a year, as grocery price increases slow down, according to Kantar's...
Aldi Remains UK’s Cheapest Supermarket for 15th Consecutive Month
Aldi has been named the UK's cheapest supermarket for the fifteenth consecutive month, according to Which?'s Cheapest Supermarket Price...
Supermarket Sales Slow Amid Falling Inflation: Aldi Leads as Consumers Opt for Winter Staples
Increased grocery sales by 6.5% in the four weeks ending August 6th, according to Kantar, with price inflation falling...
Ocado Wins £200m Settlement in Patent Dispute with Autostore
In a £200 million settlement, Ocado has put an end to its global patent dispute with Autostore, securing exclusive...
Grocery Price Inflation Dips as Sainsbury’s Edges Ahead of Asda and Tesco
In a recent report by Kantar, grocery price inflation has experienced its sharpest decline since March, dropping 1.6 percentage...
Ocado Maintains FY23 Guidance Amidst Increased Losses and Growth in Retail Market Share
Ocado reports a £289.5 million loss in the first half of 2023 due to asset depreciation and exceptional items...