Allan Leighton returns to Asda, aiming for a three-to-five-year turnaround.Focus on restoring Asda’s core identity with improvements in pricing and availability.Plans to hire a new CEO…
Browsing: sales decline
Sosandar has strategically shifted its pricing model, leading to a 27% decrease in sales but noticeable improvements in profit margins, reflecting their move towards full-price sales.The…
Allplants, a plant-based meal brand, is in distress, seeking a rescue deal to avoid insolvency.The company has filed a notice to appoint an administrator, aiming to…
Revolution Beauty has experienced a challenging first half, marked by a significant transformation strategy.The company reported a pre-tax loss of £10.9 million, contrasting last year’s modest…
Typhoo Tea, the UK’s oldest tea brand, is facing severe financial challenges, prompting immediate action.The company has appointed administrators due to growing debts and a significant…
Asda’s market share has seen a noticeable decline as more customers turn to competitors Tesco and Sainsbury’s for their shopping needs.Asda’s market hold dropped from 13.5%…
Inter Ikea has reported a profit rise for 2024 amidst a sales decline caused by strategic price cuts.The company’s operating profit rose by 4%, reaching £1.9…
Asda is grappling with a £100m rise in National Insurance Contributions, as admitted by its chair, Stuart Rose.Following a recent Budget, employer National Insurance rates are…
Asda encounters financial strains due to a recent Budget decision, impacting the supermarket’s operations.The National Insurance contributions for employers will rise from 13.8% to 15% on…
The latest Budget poses financial challenges to major UK retailers, including Asda and Sainsbury’s.Asda grapples with additional £100m cost due to increase in National Insurance contributions.Sainsbury’s…