Product News
Waitrose invests £100 million on its own brands.
Waitrose is investing £100 million on price cuts on hundreds of its own-brand items, despite fierce competition in the sector and consumers facing record inflation. The premium retailer is slashing the costs of over...
Lidl to reduce animal-based products
As part of a company-wide effort for sustainability, Lidl has revealed intentions to sell less meat items. On the shelves of the German discount shop, vegan alternatives are anticipated to gradually replace animal-based goods....
Coca-Cola revenue increases in the fourth quarter.
Coca-Cola reported quarterly revenue that above analysts’ estimates on Tuesday, due to increasing drink prices. However, increasing prices have reduced demand for Coke products such as Simply Orange Juice and Fairlife Milk. Coke reported...
Germany: a major drop in coffee prices.
In Germany, coffee costs are also declining along with butter prices. Ground coffee and entire beans have seen considerable price reductions because to the retail giants Aldi, Kaufland, and Norma. Penny, Edeka, and Rewe...
Portugal- Auchan “freezes” the cost of basic food items.
With the introduction of a new marketing initiative, Auchan Retail Portugal promises to have “frozen the prices” of necessities. According to the merchant, the Cabaz da Poupança (Savings Basket) project enables families to save...
Auchan aims to focus more on fresh produce and warns about strong inflation.
Pascale Cartier, director of food supply at Auchan, explains her group’s strategy in the face of the anti-inflation basket desired by the government. And she warns that the price increases will still be very...
Inretail Peru, part of the Intercorp group, buys the Jokr app in the country.
The app announced its exit from Chile and Colombia a few weeks ago. Inretail Peru owns the digital wallet and delivery app Agora. In a major development, Inretail, a holding company of the Peruvian...
Awesome Chips Reports 20% Rise in Sales
8 February 2023: Awesome Chips which recently launched as a franchise, has reported a 20% increase in like-for-like sales in January compared with last year. Roni Dalal founder of Awesome Chips confirms: “Across our...
Rewe tests new deposit system for cocoa and coffee
According to Nestlé, the 123 gram steel cup “Anita in Steel” is suitable for food with a longer shelf life due to its gas-tight packaging. The first trial partners to test the innovation are...
Edeka gives away expired products
The German supermarket has found a solution to the problem of expired (but still edible) food: they give it away for free to customers. The typical German store discards food that has expired but...