Prices & promotions news and analysis – Page 3
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NewsCity snapshot: THG falls to £496m operating loss as margins slide
Online beauty and nutrition retailer and brand owner THG has reported a £496m annual operating loss as its margins were slashed by a reluctance to pass on inflationary price increases and investment in customer retention
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Tesco profits halved amid ‘incredibly tough year’ for consumers
Tesco’s full-year profits have more than halved as lower sales volumes, cost inflation and writedowns of its property and assets due to economic conditions. Plus Science in Sport decides against sale and trading updates from PZ Cussons and Imperial Brands
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Media Bites 12 April: Sainsbury’s/Nectar, Black Sheep Brewery, UK economy
Sainsbury’s has begun offering lower prices on more than 300 items to members of its Nectar loyalty card scheme in a move that will rival Tesco’s Clubcard scheme
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Media Bites 5 April: L’Oreal, Hammerson, UK economy
L’Oreal has splashed £2bn on fancy hand wash maker Aesop in its biggest deal in decades
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Cheese prices soar by up to 41% in latest KVI tracker
A fifth of supermarket cheese products jumped in price during March as farmers continue to battle energy and feed costs
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Analysis & Features
Tesco chief Ken Murphy’s plea to the government
Ken Murphy has made three demands for government support
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Heinz blames costs as price rises exceed rivals
Heinz has been at the centre of a storm over price hikes
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Thérèse Coffey hints at fresh produce supply chain reviews
In an often confrontational Commons Efra Committee session this week, the environment secretary said she had lined up one or potentially two ’reviews for the future’
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KVI tracker: Some supermarket fruit & veg lines up 25% since January
Common fresh produce items have risen significantly in price over the past 12 weeks, Assosia data revealed, following widespread shortages
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Easter chocolates set to be more expensive as cocoa prices hike ahead of holidays
Cocoa and sugar prices have been on the rise in recent weeks
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Analysis & Features
How Britain’s 100 biggest brands are innovating through a cost of living crisis
NPD is expensive and risky. Some brands have pulled back, but others are reaping the benefits of thinking long term and investing accordingly
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Tesco avoids repeat of Colgate dispute as prices jump
Colgate disappeared from Tesco in February last year over a price dispute
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Food too cheap to sustain UK production, AHDB chair warns
Nicholas Saphir has said the food sector needs to ‘recognise the elephant in the room’ and reform pricing stategies to increase farmer returns
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Sugar prices continue to mount after hitting 10-year high
Lidl and Morrisons both hiked their sugar prices last week, according to the KVI tracker
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Soaring production costs to force chicken shortages
Rising production costs in excess of 18% are outstripping retail price inflation
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Egg price up to 47% higher this month, KVI tracker shows
Year on year, the average pack of eggs across the major mults is up by 33.5%
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Banana prices on the increase, KVI tracker reveals
Bananas have seen few price increases so far despite inflationary pressures
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Ocado extends Tesco price match in response to cost of living crisis
The price promotion is an extension of the Ocado’s long-standing Low Price Promise
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Florette and Higgidy announce partnership to give shoppers better value
The partnership will include recipe inspiration and promotions to support consumers
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Dunnhumby launches tool to predict impact of price and promos on sales
The data behind the tool is updated weekly and takes account of seasonal and holiday-related sales variances
