Income tracker, spending boost by UK consumers hints to more positive signs for retailers
According to the latest Income Tracker from retailer Asda, consumers in the UK saw an increase in spending power over the four weeks ending in 2023, a positive sign heading through the beginning of the new year. In fact, the latest figures from December are the best they’ve been since September 2021, when the COVID-19 […]
Cheap veg tops Asda’s list of food trends that will shape the next year
Inexpensive vegetables are expected to become more popular over the next year, according to the newly revealed 2023/24 Food Trends guide released by supermarket Asda. These ‘Everyday Heroes’, led by the surge in interest and demand for potatoes, are one of “seven megatrends” and 120 foods to watch that will shape food and drink development. […]
Aldi lifts packaging on 4 fruits and vegetables, lets them go loose in supermarkets
Aldi is removing plastic packaging on four fruits and vegetables in an effort to reduce waste. Limes, garlic, lemons and oranges will be presented loosely in supermarkets – the first two only in stores in the North East, Cumbria, Yorkshire, South East, and London – while all of them will be featured openly in East […]
Business sustainability requires new retail pricing model
In my previous column, I discussed the subject of natural sustainability in the industry. This time, I will be moving to another area of sustainability, and that is the overall sustainability of current produce retail pricing. The current retail pricing model is inherently unsustainable. The practice of raising retails arbitrarily to generate profits and inflate […]
Aldi named favourite UK supermarket in latest consumer survey
Tesco might hold a huge edge over its rivals in the UK in terms of market share, but they aren’t No. 1 in terms of approval from consumers. Discount chain Aldi, sitting at No. 4 overall in share according to the latest data from Kantar Worldpanel, has been named by British shoppers as their favourite […]
UK consumers spent record £12.8B in December, but sales volume dropped
Total grocery sales in the UK jumped more than 7.5% in the run-up to Christmas, according to new data released by Kantar, helped by a slight dip in price inflation. However, the data insight and consultancy points out that while sales did reach a record £12.8 billion, volumes were down by 1% year over year. […]
Hurt by inflation and consumer change, Morrisons’ profits tumble during Q3
Could the news over the past month get any worse for retailer Morrisons? After being surpassed recently fourth place in the UK’s supermarket rankings by discount chain Aldi, Morrisons reported that its profits were less than half of what they were during the same period last year, tumbling to just £177m in the third quarter. […]
Rabobank: Inflation in Europe leading consumers to choose private label
With food prices soaring across the globe, in Europe consumers and food retailers are opting for private label products. According to an article by Rabobank, in Europe, supermarket prices have risen by 7 to 9 percent so far in May and the end is not yet in sight. Given the impact of the current inflation on […]
