October 2023 – Page 4 – International Supermarket News

The Evolution of Sustainable Farming: A Path to a Greener Future”

ISN Magazine10th October 202310th October 2023

by ISN Magazine10th October 202310th October 20230

Introduction As the global population continues to grow, so does the demand for food, leading to increased pressure on our planet’s resources. In the face of environmental challenges like climate change, soil degradation, and...

Exploring the Flourishing Food Retail Landscape of Italy

ISN Magazine10th October 202310th October 2023

by ISN Magazine10th October 202310th October 20230

Italy, a country synonymous with culinary excellence, boasts a food retail industry deeply rooted in tradition yet evolving to meet the demands of modern consumers. From bustling open-air markets to cutting-edge online grocery shopping,...

Tesco to cut price of kids’ toothbrushes and toothpastes by 20%

ISN Magazine10th October 202310th October 2023

by ISN Magazine10th October 202310th October 20230

**Supermarket pledges to cover the VAT on products to help struggling families**To help in the fight against kids’ tooth decay, Tesco is reducing the price of its children’s Pro Formula Steps range by 20% from...

Asda accelerates move into convenience with first 11 Co-op conversions

ISN Magazine10th October 202310th October 2023

by ISN Magazine10th October 202310th October 20230

Asda has launched its programme to convert 116 convenience stores and attached petrol station forecourts acquired from the Co-op Group last year to its Asda Express convenience brand. The 11 sites are the first...

Interviews & Comments Latest News

Morrisons CEO David Potts stepping down

ISN Magazine4th October 20234th October 2023

by ISN Magazine4th October 20234th October 20230

It appears that Morrisons, the UK supermarket chain, is undergoing a leadership transition with CEO David Potts stepping down in November after nine years in the role. His successor will be Rami Baitiéh, the...

TESCO Interim Results Trading Statement 2023/24

ISN Magazine4th October 20234th October 2023

by ISN Magazine4th October 20234th October 20230

WINNING WITH CUSTOMERS BY INVESTING IN VALUE AND QUALITY. Performance highlights2,3:H1 23/24H1 22/231Change atactual ratesChange atconstant ratesGroup sales (exc. VAT, exc. fuel)4£30,749m£28,241m8.9%8.4%Adjusted operating profit5£1,482m£1,300m14.0%13.9% – Retail£1,417m£1,248m13.5%13.5% – Tesco Bank£65m£52m25.0%25.0%Retail free cash flow6£1,368m£1,283m6.6% Net debt3,6£(9,888)m£(10,044)m1.6% Adjusted diluted...

On a roll! Sainsbury’s introduces paper packaging to its toilet and kitchen rolls in UK retailer first

ISN Magazine4th October 20234th October 2023

by ISN Magazine4th October 20234th October 20230

Sainsbury’s has moved from plastic to paper on all of its own-brand toilet and kitchen roll packaging, saving over 55 million pieces of plastic annually It is the biggest single plastics reduction across Sainsbury’s...