Author: Scott Dylan

Research reveals a significant increase in essential food prices in the UK over the past two years.Food price inflation, though slowing, still remains a significant concern for consumers.The most affected items include milk, cheese, butter, and bakery products, which have seen substantial price rises.Supermarkets have responded by increasing budget and own-brand product offerings to help mitigate consumer costs.Consumer groups highlight the need for affordable essentials amid ongoing cost-of-living challenges.In recent research conducted by Which?, it has been identified that food prices for essential items such as cheese, butter, and bread have risen by more than 30% over the past two…

Unilever’s chief executive reconsiders the Russian business, responding to external pressures.CEO Hein Schumacher pledges a fresh review of Unilever’s decision to stay in Russia.Pressure mounts on Unilever as global firms exit the Russian market post-Ukraine invasion.Unilever aims to prevent its business from falling into Russian state control.Ukrainian government labels Unilever as a sponsor of war due to continued operations.Unilever’s chief executive, Hein Schumacher, has announced a commitment to reassess the company’s operations in Russia. Facing increasing pressure from various stakeholders, Schumacher indicated that he will examine the situation with ‘fresh eyes’. This review comes in response to a personal appeal…

The 2023 FIFA Women’s World Cup is predicted to significantly boost retail sales in the UK, with earnings estimated at £463m.Approximately 7.1 million UK residents are anticipated to watch the fixtures, with only 4.9 million likely to frequent pubs, bars, or restaurants due to early match times.The Women’s World Cup is forecasted to inject £578.9m into the economy, surpassing hospitality spending with retail sales leading the charge.Food and drink purchases, particularly during the quarter-final stage, are expected to dominate consumer spending, reaching £92.9m.Retailers are advised to capitalise on family-friendly offers and maintain availability during the tournament’s quick transitions between matches.The…

Deliveroo is set to propose a significant shareholder payout as it cuts its losses.The company’s financials have improved, with losses reduced from £153m to £83m.An increase in customer spending despite fewer orders contributed to a revenue rise.Deliveroo achieved profitability ahead of expectations, now eyeing cash flow break-even.The strategic move aligns with investor expectations amidst changing market conditions.Deliveroo has announced plans to propose a shareholder payout of up to £250 million, reflecting confidence in its recent financial turnaround. The food delivery company’s losses have decreased significantly, standing at £83 million compared to £153 million a year prior. This development comes as…

Tesco’s net-zero targets have received validation from the Science Based Targets Initiative (SBTi).The retailer is committed to achieving carbon neutrality in its operations by 2035 and its entire value chain by 2050.Tesco’s strategy focuses on key areas such as product improvement, transport decarbonisation, and waste elimination.The company has already implemented measures like using renewable electricity and launching electric HGVs.Chief Executive Ken Murphy emphasized transforming business operations to meet these climate goals.Tesco’s ambitious net-zero commitments have been officially validated by the Science Based Targets Initiative (SBTi), a prominent global authority on climate target verification. The validation positions Tesco as a leader…

Rising economic pressures have slowed growth in the plant-based sector.Meatless Farm faced cashflow issues but was saved by VFC after a takeover.VFC continues to expand, launching new products while saving Meatless Farm.Beyond Meat reports significant sales decline due to various market challenges.LoveSeitan ceased operations due to unsustainable sales and market conditions.The plant-based sector is experiencing significant challenges as economic pressures mount. Seventy-three percent of vegan shoppers are seeking ways to reduce grocery expenses, resulting in slowed growth and financial struggles for meat-free brands.In May, Meatless Farm sought fresh investment to tackle its cashflow challenges, enlisting Kroll’s advisors with little time…

Asda has reduced its Just Essentials product range by 8%, now offering 296 lines from a previous 293.The removal includes items like chicken thigh portions and white cheddar, affecting availability.Seven new items, such as breaded fish fillets, have been introduced, maintaining diversity in products.Three additional lines are planned for future addition to the range.The changes reflect ongoing monitoring to ensure relevant products are available to customers.Asda, a prominent supermarket chain, has decided to decrease its Just Essentials product range by 8%. The range, which played a crucial role in catering to budget-conscious customers, now comprises 296 lines, a reduction from…

August sees Tesco distributing an impressive near £80 million in Clubcard vouchers as part of their quarterly statements.Customers can expect vouchers to arrive by 12th August, perfect for summer activities or back-to-school shopping.Vouchers are redeemable across multiple platforms including Tesco apps, Tesco Mobile, and at petrol stations.Tesco offers the option for customers to donate vouchers to charity via the Clubcard website.Improved app features provide greater convenience and budget management options for Clubcard users.In a notable move this August, Tesco is distributing almost £80 million in Clubcard vouchers as part of their quarterly reward statements. These vouchers are expected to reach…

Asda is considering launching a new line focused on healthy foods, expanding its nutritional offerings.The brand name ‘The Health Kitchen’ has been registered with the Intellectual Property Office.The range includes prepared and frozen foods, fresh produce, and beverages.Competitors like Tesco and Sainsbury’s are also prioritising health-oriented products.The UK government’s delay in promotional restrictions on unhealthy foods contrasts these industry trends.Asda may be embarking on a new venture with the launch of a health-focused food range named ‘The Health Kitchen.’ This initiative underscores the company’s commitment to enhancing its nutritional offerings and catering to health-conscious consumers. Reports suggest that Asda has…

Majestic has teamed up with Uber Eats to enhance its delivery services, focusing on speed and convenience for customers.The partnership allows customers to order wines, beers, and spirits from Majestic through Uber Eats, with delivery times as fast as 20 minutes.Initially available in eight locations, the service aims to expand to 177 stores by October, further solidifying Majestic’s online presence.Majestic’s sales strategy capitalises on its Shop Local service, reflecting a significant growth in its ecommerce revenue.Uber Eats continues to broaden its UK partnerships, adding Majestic to a growing list of retail collaborators.Majestic, a prominent wine retailer, has recently collaborated with…