Mohsin Issa news, comment and analysis – Page 6
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NewsMedia Bites 29 November: EG Group, high street, eggs
The petrol forecourts business owned by the billionaire Issa brothers has been accused of profiteering after gross fuel profits rose by 20% to $1.7bn.
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Comment & OpinionTurning Asda around won’t be easy, but recent moves point to a newfound optimism
Asda has successfully focused on factors that have proven winners in the cost of living crisis: value and loyalty
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NewsAsda records best results for two years as Just Essentials wins over customers
The supermarket recorded a 4.7% year-on-year increase in like-for-like sales in the third quarter of 2022, while total revenues excluding fuel were £5.2bn
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NewsCity snapshot: Asda completes £438m Co-op forecourts acquisition
Asda has completed the acquisition of 132 forecourts and retail sites from The Co-op to underpin its strategy to enter the convenience retail space
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NewsAsda launches standalone Express convenience format
The retailer plans a further 30 sites, creating about 500 new roles, next year
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NewsAsda unveils winter offer of £1 soup and free tea for over-60s
Asda has launched the deal to run alongside its ‘Kids eat for £1’ offer, which launched in late June
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NewsAsda agrees £600m deal for Co-op petrol forecourt operations
All 2,300 Co-op colleagues impacted by the deal will transfer to Asda under Tupe rules
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NewsCity Snapshot: Food prices race to 14-year high
Food prices soared to their highest levels for 14 years as mounting pressures on the industry saw strong rises in both fresh and ambient products, according to the latest data. Plus, Asda buys Co-op petrol stations in £600m deal, and Cake Box issues profits warning.
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NewsAsda claims sales going in the right direction despite cost of living crisis
Asda has also expanded its ‘Dropped & Locked’ pricing campaign to include more than 250 products, which will remain for the rest of the year
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Grocer 33Customer service and store standards slump at supermarkets as supply chain crisis hits home
There was no change in the winners of the 2022 Grocer 33 awards for price, service and availability, but our annual review reflects significant disruption
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![Meghan Farren High Res KFC B1595 RT[2]](https://dmrqkbkq8el9i.cloudfront.net/Pictures/100x67/0/3/6/267036_meghanfarrenhighreskfcb1595rt2_949070.jpg)
NewsMeghan Farren to leave as Asda chief customer officer after less than a year
Farren is returning to KFC to become its general manager for the UK
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NewsAsda warns of ‘stark’ situation facing shoppers as sales fall 9% year on year
The supermarket blamed the fall on the exceptional sales of Q1 last year
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NewsPrice wars as new owners of Asda and Morrisons throw millions at cuts
Asda also announced 120,000 hourly paid shop floor colleagues would see their pay increase to £10.10 per hour from July
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NewsAsda appoints ex-Morrisons CFO Michael Gleeson as John Fallon departs
Asda said Fallon has decided to leave the business to explore new opportunities
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Analysis & FeaturesWhy Oxfam is going beyond the supermarket human rights scorecard
Oxfam’s final human rights table shows the discounters now ahead of all rivals except Tesco
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Analysis & FeaturesNine habits shoppers will change as inflation transforms the landscape
As the cost of living crisis strikes, consumers will change the products they buy, the stores they buy them in, and even eat less (and worse) food
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NewsAsda like-for-likes down 2.9% in quarter four of 2021 against tough comparatives
The supermarket is also launching a new value range called Just Essentials, as first revealed by The Grocer
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Comment & OpinionHapless digital rollout of Healthy Start has failed the UK’s most vulnerable
Problems with digital rollouts have become par for the course over the pandemic
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NewsAsda adds 100 greengrocers to stores as Issa brothers revamp fresh offer
Mohsin Issa said that by next month 250 Asda stores would have dedicated greengrocers working in them
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NewsAsda sends £1m aid package to Ukraine as refugee crisis escalates
Asda is also enabling customers to make cash donations in-store and via grocery home shopping