Mike Watkins news, comment and analysis – Page 2
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NewsCity snapshot: Supermarket Christmas sales rally on heavy promotions
Supermarket sales rallied in the three weeks before Christmas as the mults vied to win over shoppers with heavy discounts and promotions, according to NIQ data released this morning
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Analysis & FeaturesThe Big Book of Grocery: Top Products Survey 2024
It’s our most comprehensive report ever, measuring a record 127 categories and including grocery sales data from discounters Aldi and Lidl and online giant Amazon for the first time
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NewsLidl and M&S fastest-growing bricks & mortar grocers as Christmas nears
Lidl’s sales were up 11.6% year on year in the 12 weeks to 30 November according to NIQ, while M&S’s rose 10.6%
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NewsCity snapshot: Just Eat sells Grubhub for $650m
Just Eat bought the company for over $7bn less than four years ago. The markdown reflects the company’s poor performance since then as it struggled to compete with rivals like Uber Eats. Also, cautious shoppers are reigning in their food bills ahead of Christmas
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NewsCity snapshot: Profit rebuild on track at C&C Group despite poor summer hurting cider sales
C&C Group has delivered profits in line with expectations in the first half despite a washout summer driving down cider sales. Plus, the latest BRC shop price inflation data and full-year results from Ultimate Products
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NewsCity snapshot: Golden quarter set to shine for retailers
Retailers can look forward to the strongest golden quarter since before the pandemic despite gloomy consumer confidence levels, according to a panel of industry experts
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NewsCity snapshot: Shop prices fall for first time in three years
Shop prices have fallen for the first time in almost three years as non-food retailers tempted shoppers with deep discounts in a bid to shift summer stock
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NewsCity snapshot: Mini-heatwave boosts supermarket sales as shoppers dine alfresco
Slowing inflation, a short heatwave and price cuts helped supermarkets record the biggest boost to sales so far this year, according to new data released this morning
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NewsCity snapshot: Diageo posts organic sales and profit declines amid Americas weakness
Spirits giant Diageo has posted a decline in organic sales and profits as a heavy sales fall in Latin American and the Caribbean hit annual performance
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Analysis & FeaturesAs inflation recedes, has the tide turned on discounter growth?
New figures show Aldi is now in negative growth, and variety discounters that once were riding high are also going backwards
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NewsCity snapshot: Reckitt unveils brand sell-off to simplify operations
Reckitt Benckiser is offloading its portfolio of homecare cleaning brands and the embattled baby formula business to focus on its stable of power brands in health and hygiene. Plus, the latest NIQ supermarket sales figures, first-half results from Nichols and a Q3 update from Greencore
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Analysis & FeaturesTesco still Britain’s favourite, but competition is ramping up
Tesco is on top for the 10th year, but its dominance has reduced slightly. So who’s gaining ground as the cost of living crisis eases?
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NewsCity snapshot: Sainsbury’s grocery growth dragged back by general merchandise weakness
Sainsbury’s has posted another quarter of “strong grocery memomemtum”, but its overall sales growth has slowed as general merchandise sales and Argos fell back
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NewsCity snapshot: Wet weather dampens grocery sales growth
Poor weather and a significant drop in inflation has dampened grocery sales growth, according to the latest grocery market share figures from NIQ
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NewsCity snapshot: Improved weather drives uptick in UK grocery sales
UK supermarket sales remained strong in May, rising 3.3% as shoppers responded to the warmer weather to drive value sales growth to a two-month high
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NewsCity snapshot: Italian food group Newlat buys Princes for £700m
Italian food group Newlat has bought canned food giant Princes from Japanese conglomerate Mitsubishi Corporation in a deal worth £700m
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NewsCity snapshot: UK grocery growth slows as inflation eases
UK grocery sales growth slowed last month as food price inflation continues to ease and shoppers cut back after Easter
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NewsCity snapshot: Retail inflation falls to its lowest level since 2021
Shop price annual inflation eased to 0.8% in April and now stands at its lowest level since December 2021
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NewsCity snapshot: Supermarket basket size grows as inflation slows
Shoppers have been encouraged to put more in their baskets as inflation eased back to more manageable levels, according to the latest market data released this morning. Plus, full-year results from Hilton Food Group with a turnaround in seafood helping boost profits
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NewsCity snapshot: Retail inflation falls to lowest level since 2021
Shop price inflaton has contracted significantly in March, dropping to just 1.3% and the lowest level since December 2021