The UK grocery market was worth £141.7bn in the 12 months to May 2009, representing an increase of 5.1% over the previous year. Over the past 12 months, the UK food and grocery industry has faced challenging trading conditions as shoppers, manufacturers and retailers have been impacted by a range of factors. Increased pressures on household budgets, volatile price inflation, the banking crisis and the availability of credit continues to impact consumer spending…