Retail

Weekly Round-Up ... 23 May 2023

By Donna Ahern
Weekly Round-Up ... 23 May 2023

The soft-drink category saw the highest absolute value growth in the UK, compared to any other product segment in 2022, and it is now worth £2.8 billion (€3.2 billion) to the convenience channel, according to the latest data from Britvic’s Soft Drinks Review 2023. Ben Parker, retail commercial director for GB at Britvic, said, “The opportunity [that] soft drinks is creating, when the right range is on offer, is hard to ignore, and it’s important for retailers to make the most of the category, particularly during challenging times. Energy drinks and cola are flying high, and we’ve also seen that adding interesting, limited-edition flavours into the mix can pay big dividends in driving impulse sales when it comes to on-the-go formats.” Energy drinks accounted for 28% of growth, or £96.9 million (€111.6 million) of the total category’s growth of £347.4 million (€400.3 million), reports ESMmagazine.com. Cola and still water followed, with just over £70 million (€80.7 million) each, with sales of still water surging by 39.4%, to £250.3 million (€288.4 million).

Britain has taken “decisive and responsible” steps to help stabilise its economy, International Monetary Fund (IMF) managing director Kristalina Georgieva said on Tuesday, reports Reuters. “The UK authorities have taken decisive and responsible steps in recent months,” Georgieva told a press conference in London, after the IMF upgraded Britain’s growth forecasts earlier that day.

Lidl Spain aims to invest more than €50 million in deploying electronic shelf labels to all its stores, as it seeks to save more than 2,900 tonnes of paper per year. The decision follows a pilot test carried out in its stores in Zaragoza and will be implemented progressively, this year and the next, in Lidl’s 650+ stores across Spain. The initiative will see some 3,500 electronic shelf labels replacing price signs printed on paper at each outlet. Electronic shelf labels are connected wirelessly to a centralised system that allows for the rapid transmission of data, such as the description of the product and its price.

Read More: Weekly Round-Up ... 16 May 2023

© 2023 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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