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.
Two interesting items in the grocery space today, firstly Kantar’s latest grocery inflation figures,
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.
Strong performance from one of our key tenants Sainsbury’s in its Q1 trading update, with grocery sales up 11%.
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
One of SUPR’s key tenants Tesco has published their Q1 results, demonstrating the resilience of the grocery market despite the challenging economic environment.
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.
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!
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.
