KamCity

• Supermarkets To Face Questioning By MPs Over Prices, Profits And Relationships With Producers April 26, 2024
  Representatives from the UK’s leading supermarkets will give evidence to the Commons Environment, Food and Rural Affairs Committee (EFRA) next week as part of its ongoing ‘Fairness in the Food Supply Chain’ inquiry. Dom Morrey, Commercial Director for Fresh Food (more…) The post Supermarkets To Face Questioning By MPs Over Prices, Profits And Relationships With […]
• 7-Eleven Working On Plans That Could See It Re-Enter The UK April 26, 2024
  Renewed reports suggest that global convenience giant 7-Eleven could return to the UK as part of a wider push into Europe over the coming years. According to trade publication Better Retailing, a presentation at Seven & I Holdings’ investor relations (more…) The post 7-Eleven Working On Plans That Could See It Re-Enter The UK appeared […]
• Unilever’s CEO Highlights Progress With ‘Growth Action Plan’ April 26, 2024
  After Unilever posted better-than-expected first-quarter sales figures yesterday, its CEO Hein Schumacher noted how the business was becoming “simpler, better and more impactful” after making progress with its Growth Action Plan (GAP) that was unveiled towards the end of 2023. (more…) The post Unilever’s CEO Highlights Progress With ‘Growth Action Plan’ appeared first on KamCity.
• Treating Amazon Like Any Other Retailer Is Still The Number Mistake Many Brands Make April 26, 2024
  By Martin Heubel, Amazon Strategy Consultant at Consulterce Most brands view Amazon as just another sales channel. Here’s why that’s a dangerous mistake: 50% of shoppers start their product search on Amazon You can’t ignore a sales channel where shoppers (more…) The post Treating Amazon Like Any Other Retailer Is Still The Number Mistake Many […]
• Retail Bodies Welcome Confirmation That DRS Will Be Delayed Until 2027 April 26, 2024
  Following rumours earlier this year, the government yesterday confirmed that the introduction of a deposit return scheme (DRS) for recycling plastic bottles will be delayed until October 2027 – almost a decade after it was proposed. A ministerial statement from (more…) The post Retail Bodies Welcome Confirmation That DRS Will Be Delayed Until 2027 appeared […]
• Moody’s Upgrades Asda’s Rating April 26, 2024
  Days after Asda posted its annual results, credit agency Moody’s has upgraded the supermarket’s corporate rating from B2 to B1. In the year to 31 December 2023, Asda’s adjusted EBITDA after rent rose 24% to £1.08bn, with like-for-like sales increasing (more…) The post Moody’s Upgrades Asda’s Rating appeared first on KamCity.
• Consumer Confidence Improves As Inflation Pressures Ease April 26, 2024
  Latest data suggests that falling inflation and tax cuts is helping to revive consumer confidence in the UK, although the delay in interest rate reductions is causing households to remain cautious. GfK’s long-running Consumer Confidence Index increased two points to (more…) The post Consumer Confidence Improves As Inflation Pressures Ease appeared first on KamCity.
• Leading Coca-Cola Bottler Makes Good Start To 2024 April 26, 2024
  Coca-Cola Europacific Partners (CCEP) stated yesterday that it had made an “encouraging start” to the year with revenue growth and value share gains both in-store and online. The world’s largest Coca-Cola bottler saw adjusted comparable revenue climb 5.3% to €4.73bn (more…) The post Leading Coca-Cola Bottler Makes Good Start To 2024 appeared first on KamCity.
• Lidl Investing £500m In British Pork Sector April 26, 2024
  Lidl GB has announced plans to invest £500m to help bolster the British pork industry. The discounter stated that its investment will ensure the “continued production of high-quality British product at the best possible prices for customers”. Lidl is the (more…) The post Lidl Investing £500m In British Pork Sector appeared first on KamCity.
• Consumer Gulf Widens As Demand For Premium And Budget Foods Grows April 26, 2024
  From Nestlé to Danone, food companies are seeing shoppers that want either premium or cheaper products, with less interest in items in the middle, particularly in developed markets like North America. Read the full article on the Reuters website   (more…) The post Consumer Gulf Widens As Demand For Premium And Budget Foods Grows appeared […]