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Weekly Round-Up ... 23 August 2022

Polish retailer Dino Polska has posted like-for-like (LfL) sales growth of 25.5% in the first half of its financial year. Revenue for the period topped PLN 8.7 billion (€1.8 billion), representing an increase of 45.4% on the same period last year, reports Esmmagazine.com. The company attributed its performance to investments in developing its network. Store visits increased by 33%, compared to the first half of 2021, as prices continued to rise.Michał Krauze, a board member of Dino Polska, said, “The increase in the number of purchases in Dino stores is very important information for us. We treat this as a sign of the growing trust Poles are placing in our stores. “The goal we have set for ourselves is to recognise customers’ needs properly and ensure that our product assortment and price policy are aligned to their needs. This entails setting prices for products at competitive levels, compared to the largest networks operating in Poland.”

French supermarket retailer Carrefour is freezing prices on 100 everyday products from tinned sardines to rice and washing up liquid, it said on Monday, joining other companies striving to help consumers cope with soaring inflation, reports Reuters. The moves follow pressure from President Emmanuel Macron's government for business to do more to curb rising prices. Facing the prospect of a supertax on their record profits, French oil major TotalEnergies and shipping giant CMA CGM took further steps in July to cut prices. TotalEnergies said it would reduce fuel prices at its service stations across France from 1 September until the end of the year, while CMA CGM said it would cut shipping fees by €750 ($751) per container for imports to France from Asia. Carrefour said it would freeze prices until 30 November on a variety of products, ranging from food items to healthcare products and clothing. In the face of surging inflation, other retailers have also targeted consumers' concerns about the cost of living with their own promotional campaigns.

Donegal Catch is encouraging families to eat more fish ahead of this school term. The fish brand is highlighting the the nutritional benefits of fish and some new recipes. Donegal Catch highlighted that it works closely with Irish fish suppliers and supports local communities to bring 'great tasting' fish such as haddock, whiting and hake to Irish households across the country. The company noted that it procures 100% of its Irish haddock and whiting from Irish co-ops and fishermen. This ensures Donegal Catch brings consumers responsibly caught Irish fish, which is fully traceable back to the boat, it added. For back to school recipes visit here

Cocoa farmers in Ghana and Ivory Coast cannot afford to buy fertilisers and other products needed to increase yield on their plantations because their price has doubled and in some cases trebled compared to a year earlier, they told Reuters. Fertiliser prices have rocketed worldwide this year due to high energy prices and supply disruption caused by Russia's invasion of Ukraine. Using less or even no fertiliser is likely to reduce the volume of production in Ivory Coast and Ghana, which together account for around 60% of global cocoa supply. Around 15 Ivorian farmers said they had not fertilised their fields once this year as it had become unaffordable.

© 2022 Checkout – your source for the latest Irish retail news. Article by Donna Ahern. For more retail news, click here. Click subscribe to sign up for the Checkout print edition.

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