Tesco has been rapped by the advertising watchdog after ads for its ill-fated Double the Difference price-checking campaign were branded “misleading” and “contradictory”.
Sales have continued to fall at newspaper and magazine wholesaler Menzies Distribution. In a trading update for the four months to 31 October, released this morning, Menzies said its underlying revenues had fallen 4%.
One of the world’s leading fmcg companies has accused retailers of devaluing major branded product launches by subjecting them to savage price promotions as soon as they hit shelves.
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