Latest supermarket news – Page 162
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NewsSainsbury’s slumps to a loss despite surging revenues amid pandemic
Underlying pre-tax profits at the group slumped 39% to £356m in the year ended 6 March 2021, despite a 7.3% jump in retail sales to £28.8bn
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NewsMoody’s: supermarket share prices at risk due to slow progress on plastic
The credit ratings giant also warned retailers could face environmental law suits for the harm done by plastic packaging
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NewsGeary’s Bakery launches raft of Jason’s breads into Asda and Ocado
It has debuted three ‘Breads of the World’ into the Asda’s in-store bakeries
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NewsSupermarkets ducking out of post-Brexit support, says Dutch supplier
Supermarket prices will rise more than is necessary unless there is greater collaboration, according to Moolenaar
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NewsCity snapshot: Sainsbury’s slumps to a loss despite surging revenues
Sainsbury’s has plunged into the red after £485m of Covid-related costs and £600m-plus of restructuring charges for its Argos transformation programme more than offset a surge in revenues over the past year. Plus, on a busy morning, trading updates from Reckitt Benckiser, Carlsberg and Nichols; Deliveroo appoints two non-execs; and the latest shop prices index from the BRC and Nielsen.
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NewsM&S creates four new food director roles to strengthen commercial team
The appointments would better enable commercial director George Wright to focus on supply chain transformation and supply base strategy, said M&S Food MD Stuart Machin
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NewsWaitrose to create 400 new roles to fulfil Deliveroo orders
The new roles will be dedicated to fulfilling orders and readying them for collection by Deliveroo couriers
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NewsCity snapshot: Grocery growth stays strong as retail reopens and lockdowns lift
Grocery sales growth has remained in positive territory in recent weeks despite the reopening of wider retail, food service and the relaxation of social restrictions
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NewsIceland launching ‘Bonny the Butterfly’ after M&S and Aldi cake row
Iceland is using the row to promote biodiversity, in reponse to a call from Chris Packham
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News‘Rat burglar alarms’ cut harmful rodenticide use across Tesco estate by 40%
Poisons are proving increasingly ineffective against infestations
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NewsJustin King backs Snappy Shopper app with ‘significant’ investment
King is set to join the board as a non-exec when the fundraising is complete
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NewsM&S rolling out AI supply chain tech to all food stores
The business is partnering with retail software specialist Relex, which has also worked with Morrisons, Waitrose, WH Smith and One Stop
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NewsMorrisons targeted by Animal Equality over ‘misleading’ chicken range
The NGO said it would flood Morrisons’ communications channels in a bid to get it to sign the Better Chicken Commitment
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NewsIssa brothers ‘willing to sell forecourts’ to seal Asda takeover deal
This week the CMA gave the EG Group owners and private equity firm TDR Capital five days to offer “binding proposals” to tackle its concerns
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NewsAsda launches new recycle-ready packaging across its poultry range
The move, which will see it ditch plastic trays for new pouches, will save 450 tonnes of plastic a year
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NewsBread prices must increase to cover inflation, warns Irwin’s
Food prices were down in March, according to the ONS this week
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NewsSupermarket veg campaign hits 100 industry signatories
The Peas Please initiative has reached a major landmark this week with 100 retailers, manufacturers and hospitality businesses signed up
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NewsNew packaging labels launched to encourage consumers to ‘refill or return’
The new labels, backed by all major supermarkets and most major suppliers, were launched this week
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NewsEnding free workplace Covid testing dubbed ‘short-sighted’ by food and drink industry
From June, the government will no longer provide lateral flow testing kits to businesses
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NewsAsda Salvation Army clothes donations top 221 tonnes
Asda said it so far seen more than 4,000 bags of clothing, textiles and other bric-a-brac donated