Weekly News Digest: CO2 Shortages Still a Problem
CO2 Shortages Still an Issue
Convenience Store reports that Independent retailers are still experiencing poor availability on certain lines due to the ongoing CO2 shortages affecting the supply chain. That said the overall view of wholesalers and retailers is that things are slowly improving.
Strong Sales at the Co-op
Convenience Store online reports that the Co-op has posted a 10% increase in food and drink sales in the first half of 2018. They attribute this to strong food sales and the acquisition of Nisa. Annulaised sales are now at around £5 billion.
Convenience Retailers Working Longer Hours
The ACS Local Shop Report 2018 reveals that 24% of convenience store owners work more than 70 hours a week. Retailers are investing in services, opening longer hours and employing more people on flexible part-time contracts.
New Unitas Buying Group is Born
The new Unitas Buying Group – the merger of Today’s and Landmark will be led by Today’s MD Darren Goldney. The branding and visuals were showcased for the first time at the Today’s conference in Venice last week. The new organisation will take effect from 1st November.
Sainsbury’s/Asda Deal to be Scrutinised.
Convenience Store online reports that the proposed merger between Sainsbury’s and Asda will be subjected to an in-depth investigation by the Competition and Market Authority (CMA). In a statement: “The companies are two of the largest grocery retailers in the UK and their stores overlap in hundreds of local areas where shoppers could face higher prices or a worse quality of service.”
Tesco Launches “Jacks” Discount Stores
Forecourt Trader online reports that Tesco has launched their new discount store format called “Jacks” named after the Group’s founder Jack Cohen. The stores will sell a focused range of food, drinks and quick-turn non-foods. Also a unique own label offering.
Alcohol Sales Values Increase Since MUP
Convenience Store reports that Scottish retailers have benefitted from an increase in alcohol sales since the introduction of the Minimum Unit Pricing (MUP) on 1st May. This is according to new research from the Retail Data Partnership. The study of 129 Scottish stores found alcohol sales values had increased by 14.9% between May and July this year when compared with the same period last year. Premium brands gained share.
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