Retail Intelligence

Did You Know?... 16 June, 2020

By Donna Ahern
Did You Know?... 16 June, 2020

Did you know?... For Britons hankering for a Greggs sausage roll, the wait is nearly over after the firm confirmed plans to reopen 800 shops from Thursday. The UK baker, also known for its steak bakes, vegan snacks and sweet treats, closed all of its more than 2,050 shops on March 24 when the country went on coronavirus lockdown, reports Reuters.

Did you know?... Italian dairy company Granarolo has introduced new yoghurt SKUs Yomo Natura and Yomo Extra in sustainable packaging. The new products, already available in all major supermarkets and hypermarkets in Italy, are part of the relaunch strategy for the historic brand. Yomo Natura is made with Italian milk, select natural ingredients and brown sugar, and packed in a 100% recyclable paper jar.

Did you know?... Coop Italia is allocating an additional €50 million towards customer support measures during the COVID-19 lockdown easing process. This amount is on top of the €50 million already invested by the retail cooperative in the period March to April. While during the first phase of the emergency, about 70% of the retailer's investment was targeted towards actions to ensure maximum security and safety for both customers and employees, attention will now turn toward driving consumer purchasing power.

Did you know?... BP will incur an up to $17.5 billion writedown in the value of its assets after lowering its long-term oil and gas price outlook in expectation of an accelerated transition away from fossil fuels, the oil major said on Monday, reports Reuters. In a statement, BP said that the aftermath of the new coronavirus pandemic will accelerate the pace of transition to a lower-carbon economy.

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