latest – Page 27
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NewsOne Below boosts sales by 23% as estate grows and rebrand continues
Accounts at Companies House set out how the chain is rebranding to One Beyond, reflecting a new pricing strategy
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NewsSamworth Bros commits £100m investment following Covid rebound
Samworth has pledged to invest more than £100m in growth over the next two years after bouncing back from Covid
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NewsBurton’s Biscuits sees category share increase as its sales rise
Revenues climbed 7.4% to £295.2m in the 53 weeks to 31 December 2021 – compared with 11.5% in 2020 – thanks to the expansion of its private label business and successful branded NPD, as well as some price increases.
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NewsItsu’s Julian Metcalfe forecasts £100m in supermarket sales ‘very easily’
Founder Julian Metcalfe told The Grocer he expected the “extremely rapid” growth of the group’s grocery arm to continue in 2022 and beyond despite soaring costs and a squeezed consumer.
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NewsBoots recovery boosted by heatwave as footfall picks up
An ongoing turnaround at Boots has been boosted by an uptick in footfall at its city centre stores and travel outlets at airports and train stations as consumers prepared for summer holidays
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NewsCJ Lang focussing on value with promotions and extra staff discounts
Rising costs, however, meant the Spar wholesaler had to introduce a fuel surcharge in August for independent retailers at £10 per delivery
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NewsFilshill increases profits by 17% despite ‘challenging market’
The business said whilst sales and operations were heavily impacted by the pandemic, it had minimised disruption with tight controls to deliver growth
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NewsCity snapshot: Poundland attracts new customers as cost-of-living crisis grows
Poundland has benefitted from cost-conscious consumers managing tight household budgets to grow sales over the past year.
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NewsPasta Evangelists sales nearly double on omnichannel growth
Fresh Italian food specialist Pasta Evangelists almost doubled revenues following its sale to Barilla, although it warned the DTC market has slowed in 2022
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NewsRamsden International sinks to first loss in company’s history as Brexit hits sales
Ramsden International has fallen to its first-ever loss as new Brexit rules hit revenues at the wholesale exporter.
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NewsBooker freezes prices on 450 catering lines
The wholesaler will lock prices on popular products such as premium frozen chips from 5 October until 3 January
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NewsTesco cuts 325 head office roles as part of £500m efficiency drive
The supermarket said staff had been informed of the cuts late last month, though they were not mentioned at this week’s results call
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NewsCity snapshot: Imperial Brands launches £1bn share buyback scheme
Tobacco player Imperial Brands has announced the launch of a multi-year share buyback programme, with the intention of buying back £1bn shares by the end of September 2023. Plus a trading update from Diageo and all the rest of the latest news from the City.
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NewsTesco as competitive with discounters as ever, claims CEO Ken Murphy
Tesco said its products from its Aldi Price Match now featured in 99% of all large baskets and over 80% of top-up shops
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NewsCity snapshot: Tesco profits squeezed as customers ‘watch every penny’
Profits at Tesco fell back in the first half as customers faced “a tough time” but rising food prices helped Britain’s biggest supermarket grow sales.
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NewsCity snapshot: Real Good Food embarks on “radical” reforms to save turnaround attempt
Real Good Food has unveiled a radical reform programme to deal with inflationary pressures and protect its attempted turnaround. Plus, PM abandon plans to scrap top rate of tax.
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NewsKP Snacks posts strong growth as out-of-home bounces back
KP Snacks returned to strong growth last year as out-of-home snacking rebounded and it gained share in grocery
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NewsMcBride shares rally as it strikes agreement with lender amid early signs of recovery
CFO Mark Strickland said the amended financing agreement was “an excellent outcome” following a “very difficult” trading period that provided the group with funding certainty as its propsects recover.
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NewsCity snapshot: Science in Sport launches strategic review amid consumer slowdown
Sports nutrition specialist Science in Sport has launched a strategic review that could result in the sale of the company or assets as it warned of weaking consumer demand despite first half growth.
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NewsQuorn profits shrink as rivals eat in market leader’s share of meat-free category
Profits at Quorn have retreated as soaring costs put pressure on margins and an increasingly crowded meat-free category saw sales dwindle at the market leader.