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Author: Scott Dylan
Scott Dylan, Founder of NexaTech Ventures, is an entrepreneur and investor, offering expert insights on AI, technology, and business transformation across global industries.
Asda has initiated the online publication of local fuel prices, responding to concerns over elevated fuel costs.Motorists can now access the latest petrol and diesel prices on Asda’s website before visiting its stations.Currently, prices are updated each morning, reflecting the previous day’s closing rates, with real-time updates planned.The initiative aligns with a voluntary scheme proposed by the CMA for greater pricing transparency.Asda’s pricing strategy has come under scrutiny amid growing calls for transparency in supermarket fuel pricing.As part of a move to enhance transparency, Asda has become the first supermarket to publish its local fuel prices online. This initiative comes…
Aldi is collaborating with Shell to install Electric Vehicle chargers at 11 UK stores.The trial involves four 50kW rapid chargers offering easy access and no subscription requirement.Locations for chargers include Hinckley, Cambuslang, and others, with payments via app or contactless card.The initiative aligns with Aldi’s commitment to sustainability and Shell’s expansion goals.Customer feedback will determine the potential expansion of the EV charger programme.Aldi has entered into a partnership with Shell to install Electric Vehicle (EV) chargers at 11 of its store locations across the UK. The aim of this collaboration is to offer an enhanced shopping experience by providing convenient…
Asda has unveiled its latest food-to-go range, enhancing its product offerings with 47 innovative items.The launch includes a variety of deli-style sandwiches, salads, snacks, and more.Affordable meal deal pricing starts at just £2.20 for a sandwich, snack, and drink.Highlights include both vegetarian options and Asian-inspired culinary choices.The new offerings align with growing consumer demand for diverse and healthy meal solutions.Asda has introduced a fresh array of 47 new products within its food-to-go range, designed to cater to the evolving tastes of consumers.The newly launched items encompass an assortment of thick sub rolls, pasta dishes, and wraps alongside deli-style sandwiches and…
The introduction of a charge on single-use supermarket bags has drastically reduced their usage across the UK.Since 2015, the distribution of single-use bags in leading supermarkets decreased from 7.6 billion to 133 million annually.The average individual in England now purchases just two single-use bags a year from major retailers.Countries in the UK adopted the charge at different times, with variations in pricing.Environmental advocates praise the initiative but express concern over delays in broader plastic reduction policies.The implementation of a charge on single-use supermarket bags has resulted in a remarkable decline in their use across the United Kingdom. Data shows a…
The digital age has transformed how grocery products gain popularity, with social media playing a pivotal role.Influencers like KSI, Logan Paul, and Mr Beast have turned their brands viral through platforms such as TikTok and Instagram.Products like Prime Hydration and Little Moons have seen exponential success by trending online before hitting store shelves.Retailers seek to harness the viral potential of platforms to boost sales and customer engagement.Understanding audience and creating engaging content remain crucial for brands wanting to capitalise on the social media trend.In today’s fast-paced digital landscape, the journey to a product’s success often involves going viral on social…
Iceland has revived its popular 1p online sale, offering consumers substantial savings during the summer holidays amidst the cost-of-living crisis.The promotion features selected items including chicken dippers, bacon, and Kit Kat chocolate bars, reduced to just 1p each.This limited-time offer extends until 11 August, providing a unique opportunity for shoppers to economise on essential groceries.Customers can access these deals by using a special code announced daily via Instagram and the Iceland app.Richard Walker, Iceland’s executive chairman, emphasises their commitment to easing the financial burden on families.Iceland has strategically re-launched its 1p online sale, effectively addressing the financial challenges faced by…
Asda is at the centre of a significant equal pay legal challenge that could result in a substantial financial impact.A leaked email suggests discrepancies in pay between shopfloor employees and their distribution centre counterparts at Asda.The remuneration gap highlighted involves predominantly female shopfloor workers earning less per hour than male distribution centre workers.Equality assessments showed shopfloor roles slightly surpassing distribution centre roles in job value, raising questions.The potential liabilities could extend to £1.2 billion in compensation, impacting the broader retail sector.Asda, one of the UK’s largest supermarket chains, is currently embroiled in a considerable legal challenge concerning equal pay. This…
Co-op’s MD, Matt Hood, addresses allegations of profiteering amidst a surge in shoplifting.The retailer reports over 175,000 crime incidents, including shoplifting, in six months.Comments defending shoplifting due to alleged supermarket profiteering disappointment Hood.Hood dismisses the cost-of-living excuse, attributing theft to organised crime.Despite increased shoplifting, only a fraction of police-recorded cases result in charges.Co-op’s Managing Director, Matt Hood, has countered accusations of profiteering emerging amid a significant rise in shoplifting incidents. The retailer has recorded over 175,000 occurrences of crime, shoplifting, and anti-social behaviour in just the first half of 2023, which is almost 1,000 incidents per day. Raising strong concerns,…
Co-op announced its largest pricing investment of £70 million, focusing on member price benefits.The initiative offers ‘member-only’ prices on essentials like milk, eggs and bread.Members can save up to 11% on retail prices, averaging £500 annually.New pricing strategy covers over 600 items to match competitor pricing.Includes a membership campaign, with rewards available via a partnership with Uber Eats.Co-op has disclosed its most substantial pricing strategy to date, marking an investment of £70 million aimed at enhancing member price benefits. This strategic move is offering lower prices exclusively to Co-op members on everyday essential commodities such as milk, eggs, and bread.…
Tesco has announced an additional £10 million support package for UK egg farmers, marking progression in industry recovery.The egg industry previously faced restrictions due to supply chain pressures from price hikes and avian flu.Tesco’s earlier investment of £27.5 million in 2022-2023 underscored its commitment to UK-sourced eggs.The support aims to alleviate costs associated with handling, processing, and production, including feed expenses.With easing conditions, Tesco has removed purchasing limitations on shell eggs, ensuring customers access to British products.Tesco has declared an additional £10 million support for British egg farmers. This funding reflects encouraging signs of recovery within the egg industry following…