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Daniel Kretinsky, the Czech billionaire whose retail investments include France’s Casino and Germany’s Metro, is now the fourth-largest shareholder in J Sainsbury after building a 3.05% stake in the company. A regulatory filing yesterday disclosed a stake worth around £125m (more…)
The post Czech Billionaire Becomes Sainsbury’s Fourth-Largest Shareholder appeared first on KamCity.
The value of UK food-to-go market is set to decline by £6bn in 2020 because of the coronavirus pandemic. However, Lumina Intelligence’s new UK Food To Go Market Report 2020 forecasts a recovery to 2019 levels by the end of (more…)
Shopper Intelligence, the voice of the category management measurement programme, has just released their first wave of new post-Covid ‘voice of the shopper’ data. NamNews have secured a set of one page ‘total store’ summaries for each of the UK (more…)
The post Latest Shopper Behaviour Profiles For UK Supermarket Multiples appeared first on KamCity.
Iceland has linked up with Bestway to launch dedicated Bargain Booze sections in three of its The Food Warehouse format stores. The tie-up with the off-licence chain will more than double the size of The Food Warehouse’s alcohol offer through (more…)
Halo Foods has been acquired by the local affiliate of US-based private equity firm Peak Rock Capital for an undisclosed sum. Headquartered in Newport, Wales, Halo specialises in making healthy snacks, with a portfolio that includes cereal bars, fruit and (more…)
Eight Fifty Food Group, the business created after private equity firm CapVest acquired Young’s Seafood via its Karro Food meat processing unit in the summer last year, is reportedly planning to float on the London stock market. According to Sky (more…)
The post Owner Of Young’s Seafood And Karro Planning Stock Market Float appeared first on KamCity.
Harrods opened the doors this week of its new standalone beauty store concept, almost a year on from when it flagged the move. Called H Beauty, the shop occupies 23,000 sq. ft. of space at the Intu Lakeside shopping centre. (more…)
Applegreen, the Irish firm that operates hundreds of forecourts and service stations (Welcome Break) in Ireland and the UK, has suffered by big fall in revenues after being hit hard by travel restrictions during the pandemic. The group’s revenue slid (more…)
The post Revenues Plummet At Applegreen But Recovery Underway appeared first on KamCity.
Tesco has teamed up with food sharing app OLIO as part of its drive to reduce waste from its stores. The scheme works with the help of OLIO’s 8,000+ volunteers who visit Tesco outlets to collect surplus food nearing its (more…)
The post Tesco Unveils Another Partnership To Help Tackle Food Waste appeared first on KamCity.
Saputo Dairy UK has announced the launch of its Cathedral City brand in the US. The launch follows the brand’s debut in Canada earlier this year. Saputo, formerly known as Dairy Crest, said it has started to secure listings for (more…)
Costcutter has revealed that its summer campaign achieved its highest ever levels of shopper engagement levels – reaching four times more than the original target. Hosted on the symbol group’s website, ‘Bringing Summer Home’ saw a combination of online instant (more…)
The post Costcutter Hails Record Engagement Of Summer Campaign appeared first on KamCity.
Amazon is planning to open over 1,000 small fulfilment hubs in suburban neighbourhoods and cities across the US to ensure it can make deliveries as quick as possible. The move, first reported by Bloomberg, comes as the online giant faces (more…)
The post Amazon To Open More Than 1,000 Local Hubs To Guarantee Rapid Deliveries appeared first on KamCity.
Carlsberg has upped its full-year earnings expectations after seeing a pickup in trading in some markets. The world’s third-biggest brewer now expects an organic operating profit decline of “high-single-digit percentage” versus its previous expectation of a 10%-15% fall. Carlsberg said (more…)
The online channel is set to account for just over 21% of total grocery sales in the US by 2025 – an estimated $250bn, which is more than a 60% increase over pre-pandemic estimates. This is according to a new (more…)
The post Online Grocery Surge In The US Set To Continue But Shoppers Still Prefer Physical Stores appeared first on KamCity.
Heineken has become the latest multinational brewer to enter the fast-growing Hard Seltzers category with the launch of new range in New Zealand and Mexico. Called Pure Piraña, it will be available in nine flavours, with the brewer highlighting that (more…)
Woolworths Holdings is reviewing its South African clothing business and the food division of Australian unit David Jones to respond to fashion trends and stem losses amid a slump in earnings. Read the full article on the Reuters website (more…)
The post South Africa’s Woolworths Reviews Strategy In Bid To Revive Profit appeared first on KamCity.
The John Lewis Partnership has confirmed that it will not pay its staff their annual bonus for the first time since 1953. The announcement came alongside half-year results which showed the group had plunged to a £635m pre-tax loss after (more…)
The post John Lewis Partnership Scraps Staff Bonus Amid Heavy Losses appeared first on KamCity.
Waitrose announced yesterday that it plans to close another four stores because it cannot make them profitable amid “challenging” trading conditions. Three shops in Caldicot, Ipswich and Shrewsbury will shut in December, whilst the fourth in Wolverhampton has been sold (more…)
The Co-op Group has posted strong first-half results, buoyed by people shopping closer to home and eating out less during the pandemic. The society’s total revenues over the six months to 4 July rose 7.6% to £5.8bn, driven by its (more…)
The post Bumper Half For Co-op And Nisa But Cautious On Outlook appeared first on KamCity.
Be the first to learn in detail about how Co-op is building its trade strategy around four core ‘missions’, at this year’s IGD Co-op Trade Briefing on 3rd November: Change is coming to the way Co-op trades… leading to a (more…)