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Weekly Roundup... 12 October 2021

Published on Oct 12 2021 5:50 AM in Retail tagged: Aldi / Continente / UCC

Weekly Roundup... 12 October 2021

Aldi Ireland has donated €1,000 worth of gift vouchers to University College Cork (UCC) Students’ Union food bank in response to its national appeal. The Students’ Union ran out of supplies just 50 minutes after opening with Students’ Union representatives attributing the high demand to rising rental prices, leaving many students struggling to afford their weekly shop. Aldi said it is giving shoppers the opportunity to donate towards UCC students struggling to afford food on campus by rolling out new food donation points across its stores in Cork City. The participating stores include Glanmire, Blackrock, Passage West, Douglas Village, Grange, Ballyphehane, Wilton, Elysian, Mayfield, Blackpool and the two stores in Ballincollig. Commenting, Colin Breslin, Aldi regional managing director said, “Aldi is deeply involved in the local community here in Cork and so following the national appeal by UCC’s Students’ Union, we are pleased to be able to offer support to students through our donation. As well as this, we are encouraging the wider Cork community to come together to assist students facing food insecurity by availing of our new food donation points across Cork stores,” he said.

Portuguese retailer Continente has announced that its fruit and vegetable supply chain has acquired GLOBALG.A.P. certification. The supermarket and hypermarket chain, owned by retailer Sonae MC, obtained the GGN seal, a 13-digit code that validates the certification of its supply chain for fruit and vegetables. The global benchmark for best agricultural practices is certified by independent entities and ensures the well-being of workers and the application of the best production methods, guaranteeing food safety and the preservation of natural resources. The GGN seal guarantees consumers that when they are buying these products at Continente, they are choosing fruit and vegetables that have been handled in a rigorous, responsible manner, all the way through the supply chain.

British consumer morale has fallen to its lowest since February, when the country was under heavy COVID-19 restrictions, due to worries about the economic outlook and about rising prices, a Bank of America report showed on Friday. The survey chimed with other gauges of consumer confidence in Britain that have suggested a growing cost-of-living squeeze has started to drag on the economy's recovery from the COVID-19 pandemic. The readings follow disarray in Britain in recent days as a shortage of truckers left fuel pumps dry across much of the country and a spike in European wholesale natural gas prices raised the prospect of a surge in utility bills. "Our proprietary UK consumer confidence indicator continued to drop over the past two weeks, reaching the lowest since February on our 7-day moving average," Bank of America economist Robert Wood said in a note to clients. The survey showed inflation expectations rose by 60 basis points from August, with almost a third of Britons now expecting inflation above 5% in five years' time.

2021 Checkout – your source for the latest Irish retail news. Article by Donna Ahern. For more retail news click here. Click sign up to subscribe to Checkout.

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