Retail News 27 February 2026 - 8 May 2026

BP’s June Shake-Up Gives Meg O’Neill’s Oil-and-Gas Reset Its First Real Test
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BP’s June Shake-Up Gives Meg O’Neill’s Oil-and-Gas Reset Its First Real Test

BP is set to overhaul its structure in June, splitting operations into upstream and downstream units. Chief Executive Meg O’Neill is pushing for a clearer timeline on shifting the company back to its core oil and gas focus. According to three people who joined an internal staff call, the reorganisation plan came up on Thursday, Reuters reports. The timing is key here: O’Neill started on April 1 and now faces pressure to prove BP’s latest overhaul isn’t just a rebrand. Last month, BP posted first-quarter underlying replacement cost profit—an industry benchmark that excludes certain inventory moves and one-offs—at $3.2 billion. Net debt ticked up, reaching $25.3 billion.
May 8, 2026
Lidl Loyalty Scheme Backlash: Shoppers Say New Points Don’t Add Up
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Lidl Loyalty Scheme Backlash: Shoppers Say New Points Don’t Add Up

Lidl GB has come under fire from shoppers after ditching its Coupon Plus loyalty program and rolling out Lidl Plus Points. Under the new setup, which went live this week, customers pick up one point for each £1 spent and can redeem those points for discounts or certain products. Instead of hitting monthly spending targets to unlock rewards, users now collect points directly through the Lidl Plus app. Supermarket loyalty schemes are now one of the fiercest weapons in the UK’s grocery price battle. Over the 12 weeks ending April 19, Lidl notched up an 8.8% sales jump, pushing its market share to a record 8.4%—right up alongside Morrisons, Worldpanel by Numerator figures show, as reported by Retail Gazette.
May 8, 2026