Retail news from FPJ – Page 273
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Grocery ombudsman could be delayed
The government is being urged to introduce legislation to create a grocery ombudsman, if the UK’s top 10 grocers refuse to voluntarily accept the implementation of such a regulator, says The Independent.
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ArticleProduce bucks price trend
Supermarkets are using fresh produce price fluctuations strategically to incentivise increasingly disloyal shoppers, despite a background of rising costs and prices of other core items.
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Big four unveil weekend price cuts
The price war between the big four supermarkets is continuing to hot up, as the price on hundreds of lines is either halved or cut to 50p.
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ArticleIGD hails 'biggest structural change' to retail market in years
The £1.57 billion merger of the The Co-operative Group and Somerfield is the “biggest structural change in the UK for five years”, international grocery analyst IGD has claimed.
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ArticleTesco and Kent grower support local kids
Thirty schoolchildren joined Kent potato producer St Nicholas Court Farms at the Kent county Show last week, to encourage visitors to buy local produce.
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ArticleThe Co-op confirms Somerfield takeover
The Co-operative Group today confirmed that it has entered into an agreement to acquire Somerfield for £1.565 billion, in a move that will act as “rocket fuel” for its three-year growth plan.
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ArticleShopper loyalty hits new low
UK consumers are more disloyal than ever in their choice of retailer, a new study has found.
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ArticleTesco set to drive down standard own-brand prices
Tesco is set to introduce a new range of own-brand products, it has been reported.
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Ocado to tackle food waste with receipts
Ocado is to put the use-by dates of food on its website and on shopping receipts in a bid to cut food waste at home.
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ArticleAsda attracts affluent shoppers
Affluent shoppers are hitting the aisles at Asda, with the retailer reporting a 6.5 per cent boost in AB consumers coming through its doors in the 12 weeks to June 15, compared to the year-earlier period, as reported on Marketing Week.
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Waitrose to revamp image
Waitrose’s 190 stores are to be revamped in a £6 million project this summer, according to The Times.
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Somerfield takeover imminent
The Co-operative Group is expected to announce a £1.5-1.6 billion takeover of Somerfield this week - £300 million less than the supermarket chain had been after when it went on the market a year ago.
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Fresh food leading retail price inflation
Retail prices have risen less than overall inflation, it was confirmed this week.
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MIS improves service
The industry owned supermarket-monitoring service Market Intelligence Services (MIS) has increased the coverage and frequency of its collections.
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ArticleMurraymania serves up berry boost
Tennis star Andy Murray’s strong performance at Wimbledon served up good news for Tesco and Scottish strawberry supplier Angus Soft Fruits (ASF), as his run appeared to give strawberry sales a boost.
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Rose gets shareholder backing
Marks & Spencer executive chairman Stuart Rose has been reappointed, despite nearly one in four shareholders refusing to lend him their support.
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ArticleUtopia cherries get PushPop treatment
Utopia UK Ltd has launched new-season cherries in Waitrose in Amcor’s innovative PushPop pack.
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Waitrose to open convenience format
Waitrose will launch its first grocery convenience store early next year, according to The Independent.
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ArticleBooths battles the big boys
North-west supermarket groups Booths posted a 30 per cent increase in profit for last year, up from £6.9 million in the previous 12 months.
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Further price cuts announced at Morrisons
Morrisons is cutting prices on a range of summer lines, including some fresh produce items, to offer consumers a basket of eight goods for just £4.