Tesco’s ambitious net zero targets validated by Science Based Targets Initiative
Tesco becomes one of the first companies globally to set validated science-based targets on all greenhouse gas emissions with the Science Based Targets initiative.
Sector News
Grocery inflation drops to 12.7% as M&S releases a strong trading update
Two interesting items in the grocery space today, firstly Kantar’s latest grocery inflation figures,
Tesco’s supermarket sweep to guard against inflation
Major grocers are buying more of their own stores in a bid to manage the risk of higher rents from high inflation. Demonstrating how essential physical stores are to operators.
“Lower prices on most popular products driving return to volume growth.”
Strong performance from one of our key tenants Sainsbury’s in its Q1 trading update, with grocery sales up 11%.
The riddle of Lidl and its faltering plans to take over in the UK
Discounters are having to pass through price increases to consumers quicker than any other major grocer, with price inflation of c.24% as shown in the chart
Tesco releases resilient Q1 results
One of SUPR’s key tenants Tesco has published their Q1 results, demonstrating the resilience of the grocery market despite the challenging economic environment.
Atrato Capital believes food price inflation “may well have peaked”
Steven Noble speaks to Proactive about the effect that inflation is having on UK grocery prices and on the economics of the highly competitive supermarket sector.
Sainsbury’s opens its most energy-efficient supermarket ever
SUPR’s tenants have a serious commitment to sustainability and the latest evidence of that is with Sainsbury’s new flagship supermarket in Hampshire, which is it’s most sustainable ever!
Tesco expands Whoosh delivery service to hundreds of stores
The Grocery Gazette has reported that Tesco is set to roll out its rapid delivery service, Whoosh to 800 stores by the end of February.
