Tesco’s sales fall 1.5% as inflation impacts consumer behaviour
Spending might be rising in Tesco’s smaller stores, but it is down slightly in supermarkets and more significantly online in signs that inflation is taking its toll on weary UK consumers. Overall, Tesco reported that sales overall fell by 1.5% in the first quarter of 2022 with the consumer pinch growing as they seek out […]
U.S. research: Ultra avocado shoppers make significant impact on the category
By Alejandro Gavito, Senior Business Insights and Data Services Manager, Hass Avocado Board Marketers and retailers who understand fresh avocado shoppers and their purchase behaviors can create strategies that drive traffic, build loyalty and grow sales of fresh Hass avocados. In the rapidly evolving retail landscape, market dynamics are heavily influenced by shopper characteristics and […]
California Walnut Board and Commission install new chief executive
The California Walnut Board (CWB) and the California Walnut Commission (CWC) have named Robert Verloop as new Executive Director and Chief Executive Officer, effective July 11, 2022. In a statement, CWB’s Executive Committee Chairperson Bill Tos described the board’s excitement about “bring[ing] onboard an experienced strategic leader such as Robert”, stating that “his background will […]
Tesco and Brakes show commitment to Pride and LGBTQ community
One major retailer and one major supplier in the fresh produce industry are both coming forward to support Pride Month in the UK, the annual festival and the LGBTQ community. Tesco said it is giving nearly £100,000 to a trio of LGBTQ+ charities and is sponsoring both the Brighton Pride and Pride in London events, […]
Caboodle provides more direct network for UK retailers to tackle food waste
Several top brands, along with retailer Co-op and Microsoft, have begun to trial a massive project called Caboodle that aims to dramatically cut down on food waste in the UK. With more than 1.1 million tonnes of food going into the bin, co-founder Co-op and others want to find a way to both eliminate that […]
Aldi ranks No. 1 again in the UK in compliance with suppliers
Discount supermarket chain Aldi, a growing favourite among consumers, is also a recurring hit with suppliers despite challenges from inflation and the COVID-19 pandemic. According to a new poll conducted by the Groceries Code Adjudicator (GCA), the retailer is the leader in compliance with the Groceries Supply Code of Practice. It registered a score of […]
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 […]
Sainsbury’s trying to keep costs low for consumers as inflation creeps up
Supermarket chain Sainsbury’s said it is committed to keeping costs down for struggling consumers and will complete a total investment toward that end of £500m through March of 2023. The retailer says it will keep a range of everyday staple items affordable for shoppers – including fruits and vegetables – by maintaining initiatives such as […]
