No crumpets: Warburtons off the shelves at Waitrose for a year after ‘performance’ issues January 8, 2023 AN UNLIKELY corporate row has broken out between Waitrose and Warburtons that has seen the nation’s favourite crumpet pulled from the shelves of the middle class’ supermarket of choice. Waitrose made the call after the Lancashire bakery’s products “didn’t meet our expectations” according to a report in the Telegaph. Warburtons’ chairman James Warburton meanwhile told [...]
Sainsbury’s boosts pay as part of £205m inflation package January 4, 2023 Sainsbury’s is investing £185m in pay bumps for staff as the supermarket looks to retain staff during a period of high inflation and rising cost of living. Pay will increase to £11 per hour for retail staff, with London workers paid £11.95. It represents a 10 per cent pay hike over the past year when [...]
Cost of living fears don’t stop Brits spending record £12bn in supermarkets in run-up to Christmas January 4, 2023 BRITS brushed off cost of living and recession fears to spend a record £12bn in UK supermarkets in the run-up to Christmas.
Aldi posts record December sales of £1.4bn after Christmas and World Cup surge January 3, 2023 Aldi today said it had achieved record December sales of more than £1.4bn following a surge in demand over the winter month, as the Christmas period coincided with the World Cup in Qatar. The budget supermarket said its sales increased 26 per cent during December, despite the UK’s cost-of-living crisis, due to surging demand for meats, cheeses [...]
Grocers set for £550m tax reduction over next three years January 3, 2023 UK supermarkets and grocers will benefit from an almost £550 million tax cut over the next three years, according to new analysis. It comes after more than half a million retail properties in England and Wales were revalued as part of a shake-up to the business rates system of property taxes. Analysis of official government [...]
Prime: Aldi limits sale of KSI-Logan Paul energy drink after store carnage goes viral December 29, 2022 Discount store Aldi has been forced to limit sales of a new energy drink made by KSI and Logan Paul after customers were shown clamouring to buy the item. A video shared on Twitter by a user called Mark Hall showed raucous Aldi shoppers grabbing the drink today, with staff members attempting to only allow [...]
Cooking up a storm: Recipe biz Mob will be ‘smart about revenue’ amid recessionary hit on digital ads December 13, 2022 Recipe social media firm Mob has said it will move away from third-party revenue streams this year as digital advertisers’ budgets shrink. Ben Lebus, founder of the food-focused platform and recipe book business, told CityA.M. the firm needed “to be really smart about where we’re getting revenue from” amid the economic crunch. Mob, which has [...]
Morrisons inks £220m sale of warehouses as it aims to become ‘more popular’ December 9, 2022 Morrisons has inked a £220m sale and leaseback transaction of seven logistics properties, as it aims to become “more popular and more accessible.” The supermarket – which is owned by New-York private equity titan Clayton Dubilier & Rice – announced the completion of the deal with asset manager ICG on Friday. Morrisons has undertaken to [...]
December strikes: Who’s walking out when and how will it affect you? December 6, 2022 December is set to be a month blighted by industrial strife, with everyone from nurses and posties to train drivers and security staff to walk out. With inflation reaching a 41-year high at an eye-watering 11.1 per cent, thousands of workers have voted to down tools and ask for a real-term increase in pay. As [...]
Grocery inflation dips for first time in almost two years but ‘long way down’ for price increases December 6, 2022 Grocery price inflation has dipped for the first time in almost two years while the price of a family Christmas dinner sits at an eye-watering £31. The rampant pace of price increases let up slightly this month, dropping 0.1 percentage points – the first dip in 21 months. Four-week inflation now sits at 14.6 per [...]