Tag: food pricing

Nutella’s controversial recipe change sparks outrage | NEWDAILY

Nutella’s controversial recipe change sparks outrage | NEWDAILY

Turkey produces about 70 per cent of the world’s hazelnuts, with Ferrero Australasia importing about 2000 tonnes to meet local demand. However, Ferrero’s long-term reliance on production in Turkey – and their volatile pricing – has led it to search for new suppliers, including Australia, Canada and Chile, Fairfax reported. A Rural Industries Research and Development Corporation […]

Sainsbury’s sales growth cools in ‘competitive market’ | Financial Times

Sainsbury’s sales growth cools in ‘competitive market’ | Financial Times

Grocery sales increased 1.4 per cent year-on-year (including Argos in the base figure) in the most recent quarter compared to 3 per cent in the first three months of the fiscal year. General merchandise was worse: 1.6 per cent lower than last year in the latest quarter, taking half year sales down 0.1 per cent. […]

Comment: Price-fixing of bread would be hard to prove | Times Colonist

Comment: Price-fixing of bread would be hard to prove | Times Colonist

Demonstrating beyond a reasonable doubt that grocers are colluding to keep retail prices artificially high is almost impossible. Several attempts have been made in the past, with mixed results. Grocery stores carry on average more than 15,000 different products, and prices can be affected by an array of factors: commodity prices; energy and labour costs; […]

Farmed salmon prices in Scotland dive, Norway’s stay at two-year lows | Undercurrent News

Farmed salmon prices in Scotland dive, Norway’s stay at two-year lows | Undercurrent News

Spot prices for Scottish farmed Atlantic salmon — and sales of Norwegian salmon into Scotland too — look set to take a tumble in week 44, one processing source told Undercurrent News. Prices on the latter have dropped to £4.60-£4.75 per kilogram, for fish sized between 3-5 kilograms — “the cheapest it’s been”, he said. […]

Falling prices, quota confusion keep herring market slow | Undercurrent News

Falling prices, quota confusion keep herring market slow | Undercurrent News

Buyers of Norwegian spring-spawning herring have continued to wait and see if prices will carry on falling in week 43 of 2017, with the Norwegian herring sales association — known as Sildelaget — noting urgent measures were needed to try and buoy the market. Catches in week 43 were 24,800 metric tons, down from 30,000t […]

First, Amazon destroyed retail — now, it’s coming for Starbucks | ZDNet

First, Amazon destroyed retail — now, it’s coming for Starbucks | ZDNet

Let’s look at their customer engagement model. A typical customer might make a coffee at home with whatever system and brand of coffee they have (hopefully Starbucks) and perhaps pick up a drink at a Starbucks store on the way to work. If they are particularly addicted, they’ll buy a few during the day, but […]

HERO Sales Aggressively Smashed by Minimarket Operators | netral english

HERO Sales Aggressively Smashed by Minimarket Operators | netral english

“In the food business, competition is getting tighter as the minimarket operators continue to invest heavily in the development of their business networks,” Deutsch said, Saturday (10/28/2017), in a written statement. To anticipate this, he emphasized several initiatives to improve the company’s ongoing food business performance including reviewing the promotion and pricing strategy among the […]

McDonald’s rebounds with Easterbrook’s low-price McPick strategy | Crain’s Chicago Business

McDonald’s rebounds with Easterbrook’s low-price McPick strategy | Crain’s Chicago Business

Sounds a lot like the formula behind McDonald’s last great turnaround. Its Dollar Menu lifted the chain out of a slump in the early 2000s and enabled the Oak Brook company to outpace rivals in comparable-store sales from 2004 through 2011. Along the way, McDonald’s trotted out salads and other healthier menu offerings, as well […]

Aldi spurs 3% price drop in SoCal grocery market | Food Dive

Aldi spurs 3% price drop in SoCal grocery market | Food Dive

Dive Brief: Aldi’s entry into the Southern California market has contributed to a 3% average price reduction on basic grocery items throughout the region, according to the Orange County Register, citing data from Strategic Resources Group. Price deflation has also contributed to the price decline. Since entering the Southern California market last March, Aldi has […]

Independent retailers remain confident after Amazon-Whole Foods Market | Supermarket News

Independent retailers remain confident after Amazon-Whole Foods Market | Supermarket News

Brett said he and his team are also trying to figure out how to reduce margins in order to lower prices. “The Whole Foods deal isn’t the shock it might have been if we weren’t already having to be very mindful of our pricing strategy,” he said, explaining they’ve been doing a strategic pricing review […]