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Weekly Roundup... 19 November, 2019

Published on Nov 19 2019 10:00 AM

Weekly Roundup... 19 November, 2019

Sadler’s Peaky Blinder Lager has signed a multi-year sponsorship deal with the Irish Football Association (Irish FA) to become the new official beer of the Northern Ireland senior men’s and women’s football teams. The recently announced deal,  will offer Northern Ireland fans incredible experiences and opportunities through a wide range of campaigns that will launch in the coming months. The overarching aim of the partnership is to bring Northern Ireland fans closer to the action on the pitch, if they’re watching from the stands or at home.

Luckin Coffee Inc's new teas pulled in more customers to its rapidly expanding network of stores in China in the third quarter, helping the Starbucks rival post a smaller-than-expected loss and sending its shares up nearly 14%, reports Reuters. Luckin, which also forecast fourth quarter revenue above estimates, has benefited from a growing love for caffeine in China's major cities such as Beijing and Shanghai, but tea still dominates smaller towns. The company in July introduced fruit-flavoured teas and tea macchiatos at its outlets, and teas constituted 20% of freshly brewed drinks in the third quarter.

Pub operator JD Wetherspoon Plc has posted higher first-quarter total sales as customers spent more money at its nearly 900 pubs across Britain and Ireland. The company has seen higher demand for pink gin, coffee, real ale, breakfast and beer, even as Britain is witnessing a move away from drinking by millennials. Wetherspoon, which expects full-year performance in line with its previous expectations, said that total sales rose 5.6% for 13 weeks that ended on October 27. Stifel analysts said that they forecast full-year like-for-like sales growth of 4.5% and pre-tax profit of £89 million.

The production of counterfeit Parmigiano-Reggiano and Grana Padano cheese around the world has surpassed that of the original, Italian farmers association Coldiretti has said. The association also pointed out that Parmigiano-Reggiano and Grana Padano are the most imitated food products in the global market.  The position of the original product is increasingly threatened with similar cheese varieties such as Parmesan in the US, Australia, South Africa, and Russia; Parmesano in Uruguay; Reggianito in Argentina; and Parmesao in Brazil.

US retail sales rebounded in October, but consumers cut back on purchases of big-ticket household items and clothing, which could temper expectations for a strong holiday shopping season, reports Reuters. The Commerce Department said on Friday retail sales increased 0.3% last month, lifted by motor vehicle purchases and higher gasoline prices, reversing September's unrevised 0.3% drop, which was the first decline in seven months. Economists polled by Reuters had forecast retail sales gaining 0.2% in October. Compared to October last year, retail sales advanced 3.1%.

© 2019 Checkout – your source for the latest Irish retail news. Article by Donna Ahern. Click sign-up to subscribe to Checkout.

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