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IRI All Outlets
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More and more links in the value chain — especially retailers and wholesalers — are being forced to reposition themselves under pressure from both existing, yet evolving competitors and fast-paced challenger brands with innovative approaches to technology and disruptive business (more…)
Walmart revealed yesterday that it is in talks regarding the sale of a stake in its Asda subsidiary, although a stock market flotation remains the US retailer’s preferred option. Responding to earlier reports that it had received approaches from private (more…)
Reckitt Benckiser’s (RB) new Chief Executive Laxman Narasimhan has revealed a £2bn plan aimed at boosting its revenue growth after a lacklustre performance in recent years. The three-year programme of investment to drive growth initiatives and improvements to its core (more…)
French dairy giant Danone has entered into an agreement to acquire a majority stake in British firm Harrogate Water for an undisclosed amount. Harrogate Water is a family-owned bottled water business with core strengths in foodservice and on-the-go consumption. The (more…)
Tesco has reportedly asked bidders to submit their final binding offers for its stores in Asia by Friday. Sources quoted by Reuters confirmed several Thai billionaires are fighting for the prized business, which is valued at up to $9bn. Tesco (more…)
The recovery plan implemented by the new owners of the once ailing Homebase chain has paid off with the business returning to profit earlier than scheduled. The home and DIY retailer delivered EBITDA profit of £3.2m during the 52 weeks (more…)
The post Homebase Makes Rapid Return To Profit; Outlines Future Plans appeared first on KamCity.
While AB InBev’s group results were somewhat disappointing, its UK unit appears to be performing relatively well. A statement from Paula Lindenberg, President of the Budweiser Brewing Group UK&I, said: “Our UK business grew in revenue by high single digits (more…)
Alongside its year-end results yesterday, McColl’s revealed that it plans to shut as many as 330 stores over the next three to four years as it seeks to rationalise its estate to focus its activities in the faster-growing food convenience (more…)
Nichols, the soft drinks manufacturer that owns the Vimto brand, has reported robust year-end results with growth in both its International and UK businesses. Total revenue increased by 3.5% to £147.0m with pre-tax profit up 2.1% to £32.4m. UK sales (more…)
New data has revealed that the UK’s latest generation of digital natives are actually the most likely to go online to investigate their health & beauty product options but then buy them on the high street: 33% of those aged (more…)
The post Gen-Z Shoppers Researching Health & Beauty Products Online But Still Buying In Stores appeared first on KamCity.
Debenhams is to hand local authorities an ultimatum aimed at securing business rates cuts as it draws up plans for a fresh wave of shop closures. Read the full article on the Sky News website (more…)
The post Debenhams Gives Councils Ultimatum Over Store Closures appeared first on KamCity.
Colgate has this week launched a new range called Zero. It is claimed to offer the same high levels of oral protection as its other products but with 0% artificial flavours, sweeteners, preservatives and colours in the toothpastes and mouthwashes. (more…)
The Jack Daniel Distillery has announced the introduction of Jack Daniel’s Tennessee Apple to the UK market. The drink, which launched in the US at the end of 2019, is a blend of Jack Daniel’s Tennessee Whiskey with apple liqueur. (more…)
KP Snacks’ McCoy’s brand has added a ‘Fiery Steak’ flavour to its ridged crisp range. In stores from 2 March, the new variant will be available in Grab Bag (RRP – £0.89) and PMP (£1) formats. From May, the product (more…)
Energy drink brand Carabao has added a Mixed Berry flavour to its portfolio. It will be available from March in a 330ml can (£1.19), joining its existing Green Apple and Mandarin Orange flavours. Carabao stated that it had recognised a (more…)
Malt loaf brand Soreen is now selling Chocolate & Orange Mini Loaves in time for Easter. Coming in at under 100 calories per bar, the brand claims there will appeal to people seeking a healthier treat. Bethan Brown, Marketing Director (more…)
It has been reported in Germany that the two Aldi entities – Nord and Süd – are pursuing a plan to merge by 2022, ending a separation that has lasted nearly 60 years. According to local website Manager Magazin, the (more…)
The post GERMANY: Could Aldi Nord And Aldi Süd Be About To Merge? appeared first on KamCity.
Carrefour has returned to profit growth after making good progress with its ‘2022’ recovery plan, which aims to combat rising competition from the discounters and online rivals such as Amazon. The French retail giant saw its recurring operating profits climbing (more…)
The post FRANCE: Carrefour Delivers Improved Profits; Ups Cost Saving Target appeared first on KamCity.
7-Eleven has revealed that it plans to roll-out its Evolution Store concept to more of its sites across the US following the success of a trial outlet in Dallas that opened last March. The Evolution format has been designed to (more…)
AB InBev suffered a bigger than expected fall in profit in the fourth quarter of last year with the global brewing giant warning of a steep decline at the start of 2020, due in part to the coronavirus outbreak. The (more…)
The post US: Profits At AB InBev Come In Below Expectations; Warns Of Hit From Coronavirus appeared first on KamCity.