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Retail Intelligence

Weekly Round-Up… 12 June, 2018

The UK’s food watchdog is investigating allegations that traces of meat had been found in "meat-free" and vegan meals sold at the country's two largest supermarket chains, Tesco and Sainsbury's. The statement followed a report in The Daily Telegraph, which said an investigation by the newspaper had detected traces of turkey in a Tesco vegan macaroni ready meal and traces of pork in Sainsbury's "meat-free" meatballs.

During the week, Revenue seized a total of 315 litres of alcohol, 84,500 contraband cigarettes and 11 kgs of tobacco. The potential retail value of the alcohol, cigarettes and tobacco seized is approximately €67,200, representing a potential loss to the Exchequer of over €52,040.

UK based discounter Poundland is making preparations to appoint administrators as it struggles to avoid collapse. The group filed a notice of intention to appoint an administrator, which will temporarily shield the retailer from its creditors. It will have 10 working days to develop a restructuring plan.

UK-based Whitbread is open to selling its Costa coffee chain or Premier Inn hotels, abandoning its original plan to spin-off the coffee business. In April it planned to dissolve Costa into a separately listed company within two years to “provide shareholders with an investment in two distinct, focused, and market-leading businesses”.

Irish Creamery Milk Suppliers’ Association and the Irish Farmers’ Association have urged co-ops and milk processors to hold their prices “at the very least” for the month of May following a turn in the market in recent weeks.

V360 °, part of the Visualise Group, in conjunction with ECR, will hold a breakfast talk ‘‘Driving growth through three-way insight (Consumer, Shopper and Retailer)” with guest speaker Olga Mulvey, Category Controller at Kerry Foods.  This is the second talk in the Shopper Symposium Series Preparing For The Future of Shopping, While Thriving In The Now’ and will take place on Friday, June 22nd in The Crowne Plaza, Blanchardstown from 07:30 am - 09:00 am. Tickets are available HERE.

© 2018 Checkout – your source for the latest Irish retail news. Article by Aidan O’Sullivan. Click subscribe to sign up for the Checkout print edition. 

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