Kraft Heinz Raises Forecasts As New CEO's Turnaround Push Drives Sales Beat
Kraft Heinz raised its annual outlook after quarterly sales beat estimates, as price increases offset weaker volumes across key markets.
Pricing news
Fresh headlines across food, beverage, personal-care, home-care, retail and FMCG services, updated automatically and linked to the original publishers.
Aldi crowned the UK’s cheapest supermarket in July
Consumer group Which? has found Aldi to offer the lowest prices on 93 everyday groceries in the month of July, besting Lidl and Asda. It’s the seventh month in a…
Retailers reject Chancellor’s profiteering warning as food inflation falls
Retailers have hit back at Chancellor John Healey’s warning to supermarkets that any “profiteering” as a result of the Iran War will not be tolerated. The post Retailers reject…
UK retail investment volumes hit £1bn in H126
Shopping centre and high street transactions resilient despite geopolitical uncertainty and persistent inflation
Jumbo’s private label remains cheaper in Belgium
Jumbo has lowered the prices of its private-label products in the Netherlands. However, the same products are still (significantly) cheaper in Belgium, where competition among…
Analysis: Healey’s profiteering warning risks blaming retail for an inflation shock it cannot control
Chancellor John Healey’s warning that shoppers must not be “taken for a ride at the pump or the till” was designed to show households that the government is ready to confront…
Data: Private labels growing faster than brands
Private label continues to outperform brands in Europe as shoppers have shifted to retailer-owned products for quality rather than price, according to the latest research from…
The Weekly Closeout: Macy’s disappearing billboard and Reformation’s IPO
The department store’s iconic sign in Herald Square was taken down. Meanwhile, the apparel retailer went public on the low end of its price range.
UK SME sales growth slows to 3.6% in second quarter
Xero data shows hiring at six-month low as fuel prices and economic uncertainty weigh on trading
Gen Z Values Delivery Speed And Shopping Experience Over Price In Czechia, Study Finds
Young people in Czechia are increasingly seeking fast deliveries and enhanced shopping experiences over bargain prices, as per GLS.
New Jersey bans dynamic pricing
The legislation also puts a one-year pause on the new adoption of electronic shelf labels by retailers while the state studies the tech.
What grocers need to know about the pushback against dynamic pricing
Retailers are facing uncertainty as states block them from using consumer data to set individualized prices and the FTC directs attention to the issue.