The costs of COVID, new hires eat into Tesco’s sales profits over past year
![Report: Watchdog group claims Tesco stopped rivals from opening nearby stores](https://cdn.producebusinessuk.com/2021/02/tesco-storefront_opt.jpg)
Tesco’s profits saw a sizable decline during the past year, tumbling by nearly 20% because of the massive costs of doing business during the COVID-19 pandemic, the company reported. After posting more than £1 billion in pretax profit in the previous year, it brought in just £825 million in 2020-21. Those figures and the fact […]
Kissabel apples ‘bring something truly unique’ including potential for big sales
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Red and pink-fleshed Kissabel apples have created quite a stir in supermarkets across the UK and in Europe, with demand often outpacing availability. The red, gold and orange skins cover an explosion of colour inside, making for quite a splash to those who cut into it or use it as a creative garnish. “In France […]
Research Perspective & Analysis: New ingredients drive fresh growth in US
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Originally printed in the February 2021 issue of Produce Business. COVID-19 has significantly changed how we think about, shop for, prepare and even stock up on fresh food. According to Deloitte’s new report, “The Future of Fresh: Patterns from the Pandemic,” the anxiety of shopping in store, combined with ongoing health and financial concerns, has disrupted […]
Retail roundup: Sainsbury’s giving millions back to store colleagues
![PHOTO COURTESY OF SAINSBURY'S](https://cdn.producebusinessuk.com/2021/03/colleague-pay-press-release.jpg)
UK supermarket chain Sainsbury’s announced it is increasing pay for store colleagues by 20p for their “incredible efforts to help feed the nation during the pandemic,” part of a £100m effort to give back to their workers. In addition, the retailer will give some of those who have served in frontline capacities an extra £530 based on […]