The costs of COVID, new hires eat into Tesco’s sales profits over past year
Tesco’s profits saw a sizable decline during the past year, tumbling by nearly 20% because of the massive costs of doing business during the COVID-19 pandemic, the company reported. After posting more than £1 billion in pretax profit in the previous year, it brought in just £825 million in 2020-21. Those figures and the fact […]
Kissabel apples ‘bring something truly unique’ including potential for big sales
Red and pink-fleshed Kissabel apples have created quite a stir in supermarkets across the UK and in Europe, with demand often outpacing availability. The red, gold and orange skins cover an explosion of colour inside, making for quite a splash to those who cut into it or use it as a creative garnish. “In France […]
Research Perspective & Analysis: New ingredients drive fresh growth in US
Originally printed in the February 2021 issue of Produce Business. COVID-19 has significantly changed how we think about, shop for, prepare and even stock up on fresh food. According to Deloitte’s new report, “The Future of Fresh: Patterns from the Pandemic,” the anxiety of shopping in store, combined with ongoing health and financial concerns, has disrupted […]
Retail roundup: Sainsbury’s giving millions back to store colleagues
UK supermarket chain Sainsbury’s announced it is increasing pay for store colleagues by 20p for their “incredible efforts to help feed the nation during the pandemic,” part of a £100m effort to give back to their workers. In addition, the retailer will give some of those who have served in frontline capacities an extra £530 based on […]
