Weekly Roundup, 5 July, 2017
Published on Jul 5 2017 11:10 AM
ProU yogurt will now be sold at SuperValu stores across Ireland. In an expanded retail listing worth €200,000, the deal plans to allow ProU to strengthen its foothold in the Irish yogurt market, a sector estimated to be worth €260 million.
German retailer Aldi Nord is on the brink of authorising a €5 billion store modernisation project, its largest investment to date, according to Bild am Sonntag. The refurbishment would be applied to the grocer’s network of stores globally. However, one of the three foundations that control the supermarket chain reportedly still needs to formally agree to allow the project to go ahead.
PepsiCo has announced that Quaker Oats is launching a new porridge product called Oats So Simple Protein Sachets. The sachets are new latest addition to the Quaker Oats porridge line, and will be available in original and cinnamon flavour.
Professor Gerry Boyle, Director of Teagasc, declared that expansions in the Irish dairy industry over the last three years has been of a significant financial benefit. In a recent announcement made at the Teagasc Moorepark dairy open day, Professor Boyle also stated, “It’s now over two years since milk quotas were abolished and dairy farmers have made significant productivity gains in that period. It shows how the technologies being applied at farm level, especially in relation to animal breeding and grassland management, are fuelling this expansion in a sustainable way.”
Nestlé have committed to reducing a further 10% in the average sugar content across its cereal range by the end of 2018. These changes will be made through a combination of product reformulation and by growing the share of lower sugar variants, as part of the company’s ongoing programme to reduce sugar content across its product portfolio. This is in addition to an existing 15% reduction in average sugar achieved between 2010 – 2015.
Finnish grocery retail sales were valued at €1.42 billion in May, which represents a 0.9% increase on the same month last year, according to Päivittäistavarakauppa - the Finnish Grocery Trade Association. Prices for food and non-alcoholic beverages decreased by 1% compared to 2016, while alcoholic beverages and tobacco prices rose by 4.7%.
Tesco target Booker Group has posted a 4.2% increase in like-for-like sales in the first quarter of its financial year. The group said that like-for-like non tobacco sales were up 9.6%, while tobacco sales were down 7.9%. Total sales at the group were up 4.0%.
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