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Tag: food pricing

Pricing concerns follow crab, shrimp cuts in Canada | Seafood Source

Pricing concerns follow crab, shrimp cuts in Canada | Seafood Source

Right after the Department of Fisheries and Oceans Canada slashed the total allowable catch (TAC) for the Newfoundland and Labrador region 22 percent to 35,419 tons, crab harvesters received bad news on pricing. On 4 April, the Standing Fish Price Setting Panel set raw material crab prices at CAD 4.39 (USD 3.27, EUR 3.07), an […]

Analysis: Will Poundland’s multi-price punt pay off? | Retail Week

Analysis: Will Poundland’s multi-price punt pay off? | Retail Week

Poundland unveiled its plans to expand its price proposition and widen its in-store product offering. Will the move inspire or alienate its shoppers? The discount retailer has dabbled with multi-price products over the years, but this week the business planted its flag in the ground and introduced 50p, £2 and £5 price points. The move […]

Food Truck Menu Pricing Methods | Mobile Cuisine

Food Truck Menu Pricing Methods | Mobile Cuisine

Setting menu pricing for the products you sell from your food truck is one of the most crucial components to running it, because the prices you set directly affect your ability to sell, cover costs, and generate your desired level of profit. Food cooked on food trucks is normally priced on a per item basis. […]

Poundland introduces new price points | IGD Retail Analysis

Poundland introduces new price points | IGD Retail Analysis

As the new £1 coin is introduced, discount retailer Poundland has unveiled its new pricing strategy, however focus will remain on the core price point. New price points: 50p, £2 and £5 Poundland has introduced three new price points – 50p, £2 and £5 – taking it from a single-price retailer to a multi-price retailer […]

Why better understanding of price vital to drive profits – column | just-food

Why better understanding of price vital to drive profits – column | just-food

Food manufacturers operating across Europe, faced with differences in how sensitive different markets are to price, need to develop innovative pricing and promotional strategies to win, Dr Anthony Graham, IRI’s executive vice president of international solutions and innovations, argues. Pricing is the simplest and most effective lever to pull to optimise margins – but manufacturers […]

Pricer’s Points: Private labels can be more powerful and profitable than classic brands, enabling richer experiences and faster growth | Peter Fisk

Pricer’s Points: Private labels can be more powerful and profitable than classic brands, enabling richer experiences and faster growth | Peter Fisk

When I want to cook a great dinner at home, I head straight to Marks & Spencer’s food store. M&S’s Cook range of premium quality, organically farmed self-assembly dishes makes entertaining easy. Not only do they bring together all the ingredients, fresh and locally sourced, but there is an instore tasting kitchen and even a […]

Wal-Mart ‘best positioned’ in online grocery battle against Amazon | CNBC

Wal-Mart ‘best positioned’ in online grocery battle against Amazon | CNBC

Wal-Mart Stores appears “best positioned” among the major food retailers to capitalize on the next phase of growth in online grocery and take on Amazon, according to a new report from Citi Research. Kroger also scored high among the pure-play grocers in terms of its online grocery positioning compared with e-commerce giant Amazon, particularly as […]

General Mills’ pricing strategy hurts their Q3 sales. | CFO

General Mills’ pricing strategy hurts their Q3 sales. | CFO

General Mills’s pricing strategy was a double-edged sword in its third quarter, helping profits beat analysts’ estimates but contributing to a seventh straight quarterly sales decline. As rivals have been slashing prices to compete for retailers’ shelves, General Mills has opted instead to limit discounting in a bid to boost margins. That translated into adjusted […]

Top restaurants slap on Sunday surcharge | The Sydney Morning Herald

Top restaurants slap on Sunday surcharge | The Sydney Morning Herald

Lucas says there are “absolutely” going to be more restaurants introducing Sunday surcharges across Melbourne bringing the restaurant industry into line with Sydney where surcharges are more common. It’s a business move Victor Liong has also imposed a 15 per cent surcharge on Sundays at his restaurant Lee Ho Fook to cover staffing costs. Lee Ho […]

Restaurants add minimum wage surcharge | Business Insider

Restaurants add minimum wage surcharge | Business Insider

For years, restaurant owners have argued that a higher minimum wage means pricier meals.Now some restaurants in states that recently raised the minimum wage — including Arizona, California, and Colorado — are putting the proof in customers’ checks. Surcharges of 3% to 4% to pay for higher labor costs are “the emerging new norm,” a […]