Dairy retail sales record mixed results
September retail sales recorded a decrease in volumes for milk, cheese, and yellow fats year-on-year, however higher prices meant total spend increased particularly for both milk and yellow fats.
Kellogg’s launches £500k food Innovation Centre
Kellogg’s has invested more than £500k into a new Food Innovation Centre based at its Trafford Park factory in Manchester, which was recently opened.
Hackney Gelato crowdfund over £670k to expand its businesses
London-based Italian gelato company Hackney Gelato has raised over £670,000 through crowdfunding on the platform Crowdcube, with a view to grow the business.
Tesco reports that inflation strategy has made its price position “more competitive”
In the retailer’s interim trading report, Tesco chief executive Ken Murphy said that its strategy of inflating “a little bit less and a little bit later” has consequently made its price position “more competitive.”
Organic food sales in decline as prices rise
The organic food market has seen a 16% decline in volume sales for the second quarter of the year, and pricing is a factor, according to the Agriculture and Horticulture Development Board.
Greggs announces rise in sales as growth strategy delayed
In its latest trading report, UK food-on-the-go retailer Greggs said its total sales were up 14.6% in the third quarter of 2022, but added that its plans for growth have been delayed.