All Retailing articles – Page 4
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NewsBeyond Meat reports $54.4m loss
Meat alternative brand Beyond Meat has reported a loss of $54.4 million for Q1 2024, which it attributed to a decline in product sales.Beyond Meat reported a decline in its gross profit.The brand's net revenue decreased by 18% on the year to hit $75.6 million, driven by a 16.1% decrease ...
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NewsLidl GB invests £500m in British pork sector
UK discounter Lidl GB has announced an investment of £500 million into the pork sector to ensure the continued production of quality British pork.Rick Buckle, managing director Farms - Pork Division at Cranswick Plc.The investment comes following a previous £14 million pork sector injection in 2022 when the market price ...
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NewsBeef burgers a "customer favourite", says Sainsbury's
According to its preliminary results for the 2023/24 financial year, UK retailer Sainsbury’s has achieved record market share gains. Sainsbury’s said its Signature Beef Burgers were a customer favourite. During the 2023/24 year, Sainsbury’s reported group revenue of £32.7 billion. It also revealed that its retail sales ...
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NewsAsda reports sales growth of 5.4% in 2023
UK retailer Asda has announced its financial results for the year ended 31st December 2023.Asda reported adjusted earnings are up by 24% in 2023.The supermarket grew like-for-like sales by 5.4%, and reported a 24% increased in adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA) after rent to over £1 ...
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NewsLMC partners with industry for NI Beef Week
The Livestock and Meat Commission (LMC) has revealed that Northern Ireland Farm Quality Assured (NIFQA) beef will take centre stage as industry celebrates NI Beef Week.L-R: Janice Gibson, Asda; Colin Smith, LMC; Trevor Somerville, UFU; and Keith Williamson, ABP Linden.The event will take place alongside Great British Beef Week from ...
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NewsFarming unions call on food retailers to 'back British'
UK farming unions have called on retailers to support industry in response to "challenging and disruptive" weather this spring.Farming unions called on retailers to promote local suppliers, commit to local sourcing and provide fair supply chains.In a joint letter on behalf of the National Farmers' Union (NFU), NFU Scotland, NFU ...
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NewsConsumers save £1.3bn using supermarket deals - Kantar
According to Kantar's latest supermarket share update, consumers saved £1.3 billion collectively through supermarket deals in the last four weeks.Supermarket deals saved customers a reported £1.3 billion as grocery inflation fell to 3.2%.Grocery price inflation fell to 3.2% over the four weeks to 14th April, aided by "a significant increase ...
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NewsAHDB Porkwatch survey "largely positive", says NPA
The Agriculture and Horticulture Development Board (AHDB) has released its latest Porkwatch survey, reporting a higher proportion of British pork and sausage products on shelves than last year.AHDB said that 62% of ham across 10 retailers was British, slightly up on January.The survey, which looked at the performance of pork ...
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NewsQMS provides butchery apprentices with value-added events
Quality Meat Scotland (QMS) has reported that it has provided learning and development opportunities for 24 apprentice butchers across Scotland. Scottish butcher apprentices took part in the event to learn more about value-added products and to share ideas. QMS partnered with butchery businesses to hold educational events ...
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NewsTesco reports 2023/24 profit of £2.3bn
UK retailer Tesco has announced its preliminary results for 2023/24, reporting a profit of nearly £2.3 billion before tax.Tesco reported "strong sales" as inflation fell throughout the year.The supermarket said it had "strong sales performance across the Group", with retail like-for-like (LFL) sales up 6.8%. Its statutory revenue for the ...
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NewsBritain's Best Butcher's Shop: who will win the title in 2024?
With the Meat Management Industry Awards nomination and voting process well underway, we take a look at one of the programme’s most prestigious awards - Britain’s Best Butcher’s Shop. Last year’s winners Gigli’s Butchers explain what winning the award meant to them. Gigli’s Butchers won the title in ...
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NewsMorrisons unveils new £1.4m innovation centre to improve meat products
UK retailer Morrisons has unveiled a new innovation centre, which it says will improve production of bacon, sausages and cooked meats as part of an investment programme.The Greenside Innovation Centre in Bradford.The new Greenside Innovation Centre, costing £1.4 million, was officially opened by the leader of Bradford Council, councillor Susan ...
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NewsInterest in meat-free products "waning", says AHDB
The Agriculture and Horticulture Development Board (AHDB) has revealed that in January 2024, meat-free products experienced less demand compared to last year.AHDB said that the interest in meat-free products was "waning".The trade body said that in January 2023, it saw "poor performance" for both meat-free and dairy-free products compared to ...
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NewsAHDB designs "optimum" red meat packaging using data from research
The Agriculture and Horticulture Development Board (AHDB) has looked at how producers and retailers can optimise packaging and labelling to "improve shopper purchase intent" for red meat.AHDB produced examples of optimised red meat packaging using the findings from its research.The research, which was undertaken by AHDB in collaboration with consumer ...
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NewsValentine's Day steak sales up 12% on the year, says Kantar
According to the latest supermarket share update from Kantar, Valentine's Day sales of steak "shot up" by 12% compared to the previous year.The latest Kantar data showed that sales of steak were up by 12% on the year in the seven days before Valentine's Day.The data showed that grocery price ...
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NewsGovernment "must reduce regulatory burdens" as inflation falls - FDF
The Food and Drink Federation (FDF) has responded to the latest Office for National Statistics (ONS) figures on food price inflation in January 2024.ONS reported that food inflation had fallen for 10 consecutive months.The latest ONS figures show that the consumer prices index (CPI) remained unchanged at 4% in January, ...
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NewsAldi offers the most Scottish meat products - Shelfwatch
The Scotland supermarket Shelfwatch survey carried out by independent researchers on behalf of National Farmers' Union (NFU) Scotland has concluded, finding that discounter Aldi offered the largest proportion of Scottish produce overall.The survey found that Aldi had the largest percentage of Scottish produce overall.A total of 71 stores across Scotland ...
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NewsMorrisons reports "steady progress" as trading results show sales increase
UK supermarket Morrisons has released its trading update for Q4 and the full year 2022/23, reporting total revenue of £14.9 billion.Morrisons reported "strong progress" throughout the year on price competitiveness.The retailer said that the full year total revenue excluding fuel was up 2.7%, with like-for-like (LFL) sales up 1.8%. Its ...
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NewsGrocery inflation continues to fall as plant-based sales drop
Kantar has released the latest data regarding the grocery market and consumer spending habits, revealing that grocery price inflation fell in January while own-brand plant-based sales dropped.The overall trend in offers was up on the year, as McKevitt said retailers "pulled the price lever especially hard in December" to attract ...
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NewsSainsbury's boss takes over as IGD president
Jason Tarry, CEO of UK & ROI Tesco Plc, will step down from his role as president of the Institute of Grocery Distribution (IGD) to make way for Sainsbury's CEO Simon Roberts, reported IGD.Simon Roberts, Sainsbury's CEO and incoming IGD president.Roberts will assume presidency of IGD on 1st March 2024 ...
