Pandemic shopping trends unwind for Tesco as sales growth slows
Tesco expects some of the changes driven by the coronavirus pandemic to begin reversing in the months ahead as a period of rapid sales growth combined with elevated costs draws to a close. Ken Murphy, chief executive of the UK’s largest supermarket group, said there were already signs that as restrictions eased and hospitality reopened, […]
Australians enjoy dirt cheap avocados amid record production
A record avocado crop in Australia has sent local markets prices down to just A$1 (US$0.77), just a couple of years after prices hit A$9 (US$7) in the summer of 2018. The eye-watering drop in price is due to a bumper crop – the result of good weather and new trees. Australia is home to three […]
Retailer rescues 400 tonnes of British strawberries, puts them on sale in stores
A huge surplus of strawberries brought on by mixed weather conditions have ended up in Tesco stores. The UK retailer rescued 400 tonnes of the fruit and immediately put them on sale in supermarkets – £3 for one kilo boxes instead of the regular £2 for a 400g punnet. “Last week’s heatwave brought the strawberries […]
Cherry growers see strong season for UK consumers
Consumers across the UK can expect to see a bevy of cherries arriving in supermarkets now and through the remainder of the summer thanks to a strong crop this year. The prediction from Love Fresh Cherries, the nation’s biggest representative trade body for the sweet British fruit, is that stores will be getting a total […]
Carrefour and Tesco to end purchasing alliance
Tesco and French supermarket group Carrefour said they will not extend a purchasing alliance heralded originally as a potential way to trim costs, Reuters reports. The companies said in a joint statement that “they have decided not to extend their purchasing alliance beyond the three-year operational framework agreed in 2018”, without giving further details. Two sources familiar […]
Report: Amazon expected to eclipse Tesco as top UK retailer by 2025 as online grows
According to a new report released by Edge Retail Insight, Amazon will overtake Tesco as the UK’s top retailer within the next four years. Though Tesco’s current sales are nearly double that of Amazon’s (£64bn compared with £36.3bn in 2020), the newer retailer is quickly gaining ground on its competitor. Edge by Ascential, whose research […]
Retail perspective: Managing Customer Perceptions in the ‘New Normal’
Originally printed in the April 2021 issue of Produce Business. As we move closer to the end of the pandemic and what will be, the “new normal” for the world and our produce industry, certain aspects of what will become normal operations must be examined to make sure they do not cause any undue degradation of […]
Technology From Ocado, Others Drives Direct-to-Home Retail Deliveries, But Toronto’s Terminal Market Helps Independents Stay Competitive
Originally printed in the April 2021 issue of Produce Business. The Toronto marketplace is changing but what remains the same is the importance of fresh food and produce in particular at a time when health and wellbeing are of greater concern than ever. Under the impact of the COVID-19 pandemic, retailers of all dimensions, including the […]
