KamCity

• Sainsbury’s Upbeat On Profit Growth After Year Of Strong Progress For Grocery Business April 25, 2024
  Sainsbury’s hailed the success of its ‘Food First’ strategy today after posting robust year-end figures, driven by its core grocery business making market share gains and cutting costs. Over the year to 2 March, the group’s retail sales were up (more…) The post Sainsbury’s Upbeat On Profit Growth After Year Of Strong Progress For Grocery […]
• Inflation Fades But Food Industry Still Faces Challenges April 25, 2024
  IGD has released its latest Economics Viewpoint report: Striving for Growth, which outlines the challenges the grocery industry faces in delivering growth. Although both food inflation and all items inflation are fading, the group notes that UK food businesses will (more…) The post Inflation Fades But Food Industry Still Faces Challenges appeared first on KamCity.
• Unilever Sticks To Annual Forecast After Better-Than-Expected Q1 Sales April 25, 2024
  Unilever has reported first-quarter sales growth ahead of analysts’ forecasts after winning back some shoppers who had traded down to cheaper own-label products during the inflation crisis. Shares in the consumer goods giant climbed more than 4% this morning after (more…) The post Unilever Sticks To Annual Forecast After Better-Than-Expected Q1 Sales appeared first on […]
• Demand For Some Nestlé Products Hit By Price Hikes And Tough Consumer Environment April 25, 2024
  Nestlé saw its sales volumes fall 2% in the first three months of the year, bigger than the 0.5% drop that was forecast, as demand weakened for some of its brands after it continued to hike prices. Organic sales during (more…) The post Demand For Some Nestlé Products Hit By Price Hikes And Tough Consumer […]
• Carrefour Ramping Up Price Cuts To Win Back Market Share April 25, 2024
  Carrefour, one of Europe’s largest grocery retailers, has revealed that it is spending more on price cuts as it tries to win back market share after seeing a slight dip in first-quarter sales in its home market of France. Supermarkets (more…) The post Carrefour Ramping Up Price Cuts To Win Back Market Share appeared first […]
• Weak Performance On High Street Holds Back WH Smith April 25, 2024
  Shares in WH Smith fell more than 7% this morning after its profits took a hit from its struggling High Street division. Group pre-tax profit fell from £43m to £32m in the six months to 29 February despite an 8% (more…) The post Weak Performance On High Street Holds Back WH Smith appeared first on […]
• Poundland Closes Some Reopened Wilko Stores April 25, 2024
  Poundland has shut nine former Wilko shops just months after reopening them. A spokesperson for the retailer did not offer a direct reason but said its estate was under “constant review”. Poundland took control of the leases on 71 stores (more…) The post Poundland Closes Some Reopened Wilko Stores appeared first on KamCity.
• Digital Ad Spend Continues Grow To Strongly, Supported By Rise Of Retail Media April 25, 2024
  Advertisers are seeking out digital ad formats that capitalise on the engagement offered by the rich array of entertainment online, according to the results of the IAB’s Digital Adspend report conducted with PwC. Spend on podcast ads grew by 23% (more…) The post Digital Ad Spend Continues Grow To Strongly, Supported By Rise Of Retail […]
• Birds Eye Makes Two Senior Appointments April 25, 2024
  Birds Eye is reported to have appointed a new Finance Director for the UK & Ireland and a Country Manager for the UK. According to trade publication The Grocer, Vicky Edge has taken on the finance role. Before joining Birds (more…) The post Birds Eye Makes Two Senior Appointments appeared first on KamCity.
• Aldi Switching To Recycled Plastic For All Soft Drink Bottles April 25, 2024
  Aldi is claiming to have become the first supermarket to move to 100% recycled plastic (rPet) for its own-brand soft drinks and bottled water range in England and Wales. Rolling out across all products found in Aldi’s soft drinks sections, (more…) The post Aldi Switching To Recycled Plastic For All Soft Drink Bottles appeared first […]