Report: Amazon expected to eclipse Tesco as top UK retailer by 2025 as online grows

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According to a new report released by Edge Retail Insight, Amazon will overtake Tesco as the UK’s top retailer within the next four years. Though Tesco’s current sales are nearly double that of Amazon’s (£64bn compared with £36.3bn in 2020), the newer retailer is quickly gaining ground on its competitor. Edge by Ascential, whose research […]

Retail roundup: Asda CEO Burnley stepping down after this year

Asda first supermarket to trial plant-derived coating on fresh produce

Asda CEO and President Roger Burnley said he is exiting the business next year once the supermarket makes its full transition to new owners the Issa brothers and TDR Capital and once they have a successor in place, the company said. Burnley, 54, who joined the company five years ago, has been the chief executive […]