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Discount variety chain The Original Factory Shop (TOFS) looks set to be sold by its current owner after receiving several takeover approaches. According to Sky News, private equity firm Duke Street, which has controlled the 180-strong chain since 2007, has (more…)
The post The Original Factory Shop Receives Takeover Approaches appeared first on KamCity.
Official data confirms that retail sales in the UK fell last month as squeezed households cut back on food spending amid surging inflation. According to the Office for National Statistics (ONS), retail sales volumes fell by 0.5% in May, following (more…)
The post Retail Sales Fall As Cash-Strapped Consumers Spend Less In Supermarkets appeared first on KamCity.
As expected, consumer confidence in the UK continued to fall this month, hitting the lowest levels since records began in 1974. With the cost of living crisis worsening, GfK’s long-running Consumer Confidence Index dropped by one point to -41. Four (more…)
Musgrave, Ireland’s leading grocery retailer and wholesaler, has become the latest company to highlight that the cost of living crisis is leading to changes in shopper behaviour. Speaking to Reuters on the sidelines of the Consumer Goods Forum’s Global Summit (more…)
The post Musgrave Warns Of ‘Perfect Storm’ For Consumers; Cutting Costs And Ranges To Absorb Inflation appeared first on KamCity.
Asda Says Disposable Income Is At Its Lowest Ever Level; Shoppers Seeking Out Promotions And Value Items
Households in the UK suffered another record drop in discretionary incomes in May and were £41.94 per week worse off compared to the same time last year, according to latest figures from the Asda Income Tracker. The Tracker showed that (more…)
The post Asda Says Disposable Income Is At Its Lowest Ever Level; Shoppers Seeking Out Promotions And Value Items appeared first on KamCity.
Bestway Wholesale has opened its second dual-branded Costcutter and Bargain Booze store in Whiston, Prescot. The format, launched in April, aims to offer a compelling off-license range of beer, wine, and spirits alongside Costcutter’s grocery proposition. The store, which has (more…)
Upmarket northern grocer Booths is launching a new mentorship and support programme to help aspiring food and drink businesses. The retailer is set to invest via mentorship, product and retail expertise, market access and targeted funding to help startup food (more…)
The post Booths Launches Accelerator Programme For Startup Food And Drink Brands appeared first on KamCity.
The recent investment in improving the product range and price competitiveness at M&S Food appears to have paid off, with the chain being crowned the UK’s Favourite Supermarket and Favourite Wine Retailer at this year’s Good Housekeeping Food Awards. The (more…)
Buying group Confex has agreed a tie-up that will enable it to offer a wide range of digital services to its 225 food and beverage wholesaler members. It has partnered with Cerve, a specialist digital automation platform, to create Confex (more…)
The post Confex Offering Digital Services To Wholesaler Members appeared first on KamCity.
On 4 January, the Government in the Republic of Ireland brought in MUP, which enforces a minimum cost of at least 10c on every gram of alcohol. While many of the stakeholders were in favour of the measure in a (more…)
The post People From Republic Travelling To North’s Off-Licences And Spending ‘Up To €3,000’ At A Time appeared first on KamCity.
Americans are cutting back at the gas pump – and not just the amount of fuel they put in their tanks. Consumers are also changing the way they fill their grocery bags with rest-stop food and other essentials. Read the (more…)
The post How Americans Cope With Inflation: Less Gas, Lots Of Frozen Pizza And Cheap Coffee appeared first on KamCity.
After more than a decade of freely-available financing, rocky markets are making banks less willing to lend for big mergers and acquisitions. This has cast a shadow over at least $25bn worth of European transactions, including some high-profile deals in (more…)
The post End of Easy Money Era Raises the Risk of Deals Dying in Europe appeared first on KamCity.
Dr. Beckmann has unveiled its newest product – Magic Leaves – an innovative single-use laundry detergent sheet that replaces laundry powder, liquid, and tabs. Magic Leaves Laundry detergent sheets are designed to fully dissolve in 60 seconds in temperatures as (more…)
Mondelēz International is expanding its Oreo biscuit range with the launch of Oreo Twists, the brand’s first major development in three years. The new product combines one layer of vanilla creme with another flavoured layer to add a twist to (more…)
Leading ice supplier The Ice Co. has developed a more sustainable alternative to widely used plastic bags. The brand’s Super Cubes & Spring Water Ice Cubes’ bags are certified as fully recyclable paper, a UK-first in the frozen aisle. The (more…)
Heineken-owned cider brand Old Mout has launched its biggest ever campaign, along with limited edition designs for its range of 10 packs, as the brand enters its fourth year in partnership with WWF. The multi-million-pound campaign will run until the (more…)
Asda looks to be planning to make a further push into the convenience channel with a new standalone store format. A listing on Asda’s careers website shows the group is looking for two ‘Property Acquisition Surveyors / Managers – one (more…)
Following recent reports that the long-running auction of Boots is in danger of collapsing due to debt markets freezing up, the only bidder to have made a binding offer is said to be pinning its hopes on a quartet of (more…)
The post Favourite To Acquire Boots Lining Up Lenders To Fund Deal appeared first on KamCity.
Global bank Citi is forecasting that food price inflation in the UK could accelerate even higher than current expectations. Official figures released yesterday showed that the rate of inflation rose to a fresh 40-year high of 9.1% in May. This (more…)
Food giant Mars has announced that its long-serving Chief Executive Grant Reid has decided to retire. He will be succeeded by Poul Weihrauch, who is currently Global President of the group’s Petcare business, at the end of September. Reid joined (more…)