All Omnichannel articles – Page 8
-
NewsCity snapshot: B&M hikes profits expectations after strong lockdown sales
The owner of B&M Bargains has hiked its full year profit expectations after sales continued to boom during the second lockdown period this year. Plus, Marston’s asks bondholders to relax financial covenants, Wynnstay acquisitions, Supermarket Income REIT raises more cash to buy supermarkets and all the rest of the latest news from the City
-
NewsCity snapshot: Grocery sales growth hits eight month high in February
Grocery industry sales growth accelerated to its highest level since June 2020 during February as the latest national restrictions curtailed spending in cafés, restaurants and pubs. Plus trading updates from Hotel Chocolat, HelloFresh and Virgin Wines starts trading on the stock exchange.
-
NewsUnilever builds new ‘Grocery Now’ team to capture rapid delivery demand
The company is seeking to acheive ‘at least’ £2m in orders in the 2021 financial year
-
NewsGok Wan to star in first Itsu TV advert as sales prosper
Itsu’s first TV advert follows ‘record’ growth in supermarkets last year
-
NewsLucky Saint secures £3.5m investment following year of strong growth
Lucky Saint will use the funds to increase brand awareness and drive trial within retail, as well as investing in people and marketing
-
NewsReckitt venture arm invests £4m in Indian male grooming player
Reckitt Benckiser’s venture division has led a £4m funding round in Indian-based Bombay Shaving Company.
-
NewsCity Snapshot: Pots & Co receives £15m boost from General Mills’ venture arm
Posh pudding brand Pots & Co is eyeing a scale-up of its US operations and expansion of its savoury ranges after receiving multimillion-pound backing from the venture capital arm of food giant General Mills.
-
NewsCity snapshot: New coronavirus lockdown measures send Greencore sales down 15%
Greencore has reported a 15% drop in first quarter sales due to the impact of new Covid restrictions. Plus, trading updates from PZ Cussons, AG Barr and more.
-
NewsCity snapshot: Sainsbury’s and Waitrose sites bought for £65m
Supermarket Income REIT has snapped up a Sainsbury’s and a Waitrose store for £64.8m. Plus, Tesco sets general meeting date to vote on £5bn special dividend from Asia sale.
-
NewsCity Snapshot: EG Group names former M&S CEO Lord Rose as chairman
Future Asda owner EG Group has appointed former M&S CEO and current Ocado chairman Lord Stuart Rose as non-executive chairman with immediate effect
-
Analysis & FeaturesHow will Covid shape food and drink trends in 2021?
Will we see a return to normal, or will shoppers persist with the new habits they formed under lockdown?
-
WhitepapersGrocery’s ultimate guide to growth
Covid-19 brought forward new purchase habits and behaviours. Post-pandemic, many shoppers will likely continue opting for the convenience of buying groceries online. To adapt quickly and grow sustainably, grocers need to be available to their shoppers anywhere, anytime and on any device.
-
NewsHarvey Nichols promotes COO Manju Malhotra to CEO
Malhotra joined Harvey Nichols in 1998 as an internal audit office
-
NewsFreshDirect completes sale to Ahold Delhaize and Centerbridge Partners
US online fresh food grocer FreshDirect has announced that it closed its sale to global grocery giant Ahold Delhaize and investment firm Centerbridge Partners.
-
NewsM&S launches instant payments to reduce Christmas queues
Pay With Me allows M&S colleagues to choose customers waiting in line to instantly process their transactions via a handheld device
-
NewsAsda paid Walmart £1.15bn dividend despite profits drop
Asda paid a £1.15bn dividend to US owner Walmart last year, even as its profits slumped by more than a quarter
-
NewsCity snapshot: Tate & Lyle buys US stevia producer Sweet Green Fields
Tate & Lyle has agreed a deal to acquire $50m stevia ingredients company Sweet Green Fields to take full ownership of current partner.
-
Category ReportAnimal house: meat snacks category report 2020
Jerky, scratchings and dried sausage brands rely on pubs and on-the-go snacking for much of their trade. So how have they fared in lockdown?
-
NewsCity snapshot: Greencore raises £90m as coronavirus impact drives annual loss
Greencore has raised £90m in a share placement as the impact of the coronavirus outbreak led to a double-digit drop in annual sales and a pre-tax loss of more than £10m. Plus, on the busy morning, trading updates from Cranswick, Compass Group, Pets at Home and all the rest of the latest news from the City.
-
NewsCity snapshot: Naked Wines sales soar as consumer discover online wine
First-half revenues at Naked Wines have soared 80% to £157.1m as consumers flocked to online as the coronavirus outbreak hit the UK. Plus Vimto maker Nichols is considering redundancies across its operations as the Covid pandemic continues to hammer the soft drinks market; European supermarket group Ahold Delhaize acquires online US grocer FreshDirect, and a trading update from Finsbury Food Group.