Just Essentials News Today

Paul Stainton, UK partner at private-label consultancy IPLC, examines the latest trends in supermarket pricing strategies.

Supermarket giant Asda said the deal has pushed the majority of its maturities past 2030 and included the biggest sterling high-yield bond this year.

The cost of a 160-box of teabags at Aldi and Sainsbury's has risen over recent weeks, with both retailers putting the price of their cheapest 160 box of bags up to £1.89 earlier this month

Asdas debt pile increased to £3.8n in 2023 from £3.7bn in 2022 after it took over parent company EG Groups UK convenience store business.

Asda profits soared by 24% last year thanks to rising food and clothing sales, and a boost from the six million customers now using its loyalty app.

Supermarket chain Asda has revealed its financial results for the full year ending 31 December 2023.

Earnings for UK supermarket giant Asda rose by a quarter last year on the back of repeat customers using store loyalty schemes.

Asdas debt pile increased to £3.8n in 2023 from £3.7bn in 2022 after it took over parent company EG Groups UK convenience store business.

The mince meat change at Asda follows an identical decision by rival Sainsbury’s which was forced to defend its new packaging after shoppers criticised it as “disgusting”

Supermarket swaps Just Essentials beef mince plastic trays for vacuum-packed recyclable film