Welcome to the May-June issue of Grocery Trader. UK shoppers spent a total of £50.2bn on FMCG in Q1 2024, this is an uplift of 6.2% compared with the same period last year. This is according to new insight from the NIQ Retail Spend Barometer, which is powered by GfK intelligence, which measures the turnover in sales of FMCG and non-food consumer products sold in retail stores across the UK.
READ THE MAY / JUNE ISSUE HERE
Lidl GB has announced that it is increasing pay for hourly-paid colleagues to a minimum of £12.40 across the country, up from £12. In London, colleagues will see entry level pay rise to £13.65, up from £13.55. The new base rates equal the best hourly pay in the sector and will ensure that the discounter continues to reward colleagues with industry-leading pay.
Morrisons has lowered the price of over 400 popular food and household cleaning items and is committing to locking the prices for at least eight weeks. This latest round of price cuts will continue to help customers make their money go further as they gear up for the busy summer months ahead. Dinner time favourites of fish and chips and fajitas are set to be on the menu as prices for Morrisons breaded frozen cod fillets, fries, mushy peas, red kidney beans, fajita kits and long grain rice are reduced by up to a third.
The success of crafted apple ciders will continue to set the pace of growth in the UK’s £1.1 billion off trade cider market this year, with focused ranging crucial for convenience retailers looking to capitalise on demand. That’s just one of the verdicts from Westons Cider’s ninth annual Cider Report as it once again reveals what will be hot – and what will not – in the world of cider over the coming year.
Retailers sit between the economic forces of supply and demand. Successful promotional activity demands the ability to discover and act upon new category opportunities, the foresight to predict the position of the market when supplier deals come into effect, and the accuracy to ensure that all pieces are in place when promotions land – all while maintaining clear, professional and consistent relationships with suppliers, writes Ed Betts, Retail Express.
A major shift shaping the retail landscape is the move by supermarket giants towards powering operations with renewable energy. In the past year we’ve witnessed Tesco announce plans to install solar panels on stores across the country, Iceland partner with Octopus Energy to see solar energy power 150 of its sites, and Sainsbury’s open its flagship supermarket that runs on 100% renewable electricity, writes Phil Thompson, CEO of Balance Power.
Enjoy reading the issue.
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