All Cost of living crisis articles – Page 47
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NewsTesco takes axe to in-store management
Tesco is rolling out a new management structure across all its bigger stores, which will see the removal of 1,750 lead and team manager roles
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NewsYoung families turning away from meat, fruit and veg in cost-of-living crisis
Over a quarter of parents of young children (27%) said they are buying less meat and 18% said they are buying less fruit and veg
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NewsProfits warnings at food producers hit 16-year high in 2022
Profit warnings by UK-listed companies soared 50% higher in 2022 as rising costs put retailers and food companies under significant pressure, according to a new report
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NewsRetailer fees for UK’s first deposit return scheme boosted by nearly 20%
Circularity Scotland, the management body made up of manufacturers and retailers, said it had taken advice of independent analysis commissioned by PwC
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Comment & OpinionIs greedflation really happening in food and drink?
Hundreds of food and drink suppliers are pushing through price hikes, and inevitably, somewhere along the line, some will take advantage
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NewsDemand for food from social supermarket doubles amid cost of living crisis
Community Shop works with the fmcg industry to redistribute surplus stock that might have otherwise gone to waste
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NewsPotts says vertical model made it harder for Morrisons to keep prices down
A lack of competitiveness on price was a key reason for a 4.2% fall in like-for-like sales in the 52 weeks ending 30 October 2022
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Comment & OpinionDon’t misunderstand John Allan’s supplier comments: he was bang on script
Allan’s comments about suppliers would seem to reflect the corporate view, says Ian Wright, outgoing co-chair of the Food & Drink Sector Council
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NewsShrinkflation hits Warburtons Soft Pittas
Consumer testing found people favoured paying the same for fewer pittas, rather being charged extra for the original five-pack
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Comment & OpinionWhy 2023 is the year of ‘back to basics’ and collaboration
Our industry will weather 2023 better if we look at what our shoppers tell us through their spending and response to change, says Steph Cullen, head of manufacturing at IRI
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NewsMorrisons sales fall 4.2% but CEO Potts claims fightback is working
Group revenue for the year was up 2.2% from £18bn last year to £18.4bn, and Potts said sales had been on a “steadily improving trend”
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NewsAsda slashes night shifts in cost-cutting move affecting thousands
A consultation with staff began this week and Asda stressed the overall level of store hours would be unaffected, though it could not rule out redundancies
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ReportsCut-price roasts loom for this year’s Easter
Easter isn’t only for gorging on chocolate eggs, hot cross buns and the like
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News2 Sisters set to close Llangefni factory with more than 700 jobs at risk
The poultry giant said the decision to shutter the plant was a response to the ‘continuing’ cost challenges facing the sector
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NewsFareShare breaks food surplus record but still can’t meet demand
FareShare told The Grocer it had received almost 3,300 tonnes of surplus food during the month from retailers and suppliers
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NewsCity snapshot: UK retail footfall steadily improves in 2022 but remains below pre-Covid levels
Footfall across UK retail destinations remains significantly lower than before the pandemic but improved steadily throughout 2022, a new report has revealed.
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Comment & OpinionFruit & veg shortfall is the product of a vicious cycle
Depleted supply leads to more expensive produce, resulting in reduced purchases from the consumer, and so on
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NewsSysco extends partnership with food charity City Harvest
City Harvest will collect surplus food from Fresh Direct, Wild Harvest, and Brakes’ London depots several times a week
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NewsDeal values plunge as inflation and lack of debt hit M&A
Deal values in the food and drink industry slumped in 2022 as suppliers battled spiralling costs, consumers cut back on spending and private equity firms had a harder time securing debt for M&A, according to a new report.
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Comment & OpinionIs there any truth to Tesco chairman John Allan’s inflammatory inflation claims?
Are suppliers really profiteering from inflation?