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 […]
What happens next? We must position ourselves to seize success in the post-pandemic moment.
Supermarkets have done well in the course of the pandemic. Produce, though, has not done as well as the rest of the store. Partly this is because the perishable nature of produce was not amenable to buying for long term storage during a time when consumers were uncertain about the future. Despite what happened… very […]
Berry Gardens partner with Coveris on sustainable film for products
UK production and marketing group Berry Gardens is teaming with sustainable packaging manufacturer Coveris to launch a new printed lidding film containing more than 30% post-consumer recyclate (PCR). This first-to-market film is being utilized across all of Berry Gardens’ fruit lines, including strawberries, raspberries, blueberries, blackberries and other stone fruit. Berry Gardens have been responsible […]
Pink Lady gives UK consumers a chance to name apple trees in France
Pink Lady is welcoming the Northern Hemisphere season with a unique promotion for Aldi’s UK customers – the opportunity not only to adopt one of its apple trees in France but a chance to win a trip to its orchards. Some 500 shoppers will have a tree in Nantes named for them on an eco-friendly […]
Retailers Tesco, Aldi coming to rescue for those in need, including children
Supermarket chain Tesco is opening up 250 food donation areas at its Superstores and Tesco Extra stores for shoppers to continue to give to those in need during the COVID-19 pandemic. Their charitable offerings will be collected and eventually given to foodbanks that are part of the Trussell Trust network or groups associated with FareShare. […]
Startup Grocemania passes funding target, is expanding same-day service
Officials at London-based Grocemania, a same-day grocery delivery startup that serves Budgens, Nisa, Londis and Costcutter and a number of independent retailers, said it has raised more than £170,000 on the crowdfunding platform Seedrs. Looking to roll out its services nationwide, Grocemania said it surpassed its funding target of £100,000 at a valuation of £2.4 million. More […]
Court sides with Asda workers in equal pay dispute
Shopworkers at Asda have won the latest stage in their fight for equal pay in a ruling that could lead to a £500 million (US$688 million) compensation claim and could have big repercussions for the supermarket sector. The supreme court has backed a 2016 employment tribunal decision that the supermarket’s retail staff, who are mostly […]
Retail roundup: Asda CEO Burnley stepping down after this year
Asda CEO and President Roger Burnley said he is exiting the business next year once the supermarket makes its full transition to new owners the Issa brothers and TDR Capital and once they have a successor in place, the company said. Burnley, 54, who joined the company five years ago, has been the chief executive […]
