The rapid development of online retailing has long been a key part of the strategic direction of global food retailers. While the channel re...
The internet and the rapid development of multichannel has had a monumental impact on the FMCG sector, necessitating a seismic shift in the...
The internet and the rapid development of multichannel has had a monumental impact on the FMCG sector, necessitating a seismic shift in the way food makers do business. With multichannel playing to consumer demand for convenience, this trend seems set to accelerate in 2015. The food industry could have a challenging year ahead as it struggles to keep pace with the rate of change. Hannah Abdulla explores.
Food manufacturers have been confronted with the meteoric rise of the e-commerce channel in the UK. A rude awakening awaits those that tackle the online challenge with a bricks-and-mortar mentality, Andrew Don suggests.
Morrisons reported a full-year loss of GBP176m (US$293.6m) and further deterioration of like-for-like sales today (13 March). Management this morning set out a new strategic course for the group, which includes a GBP1bn price investment over the next three years. While next year's profits are expected to drop, the company believes the investment can be funded through a cost-saving drive in the medium-term. However, with concern over margins and competitive pressures, opinion remains divided over the prospects for the beleaguered grocer.
Online sales in the UK are on the rise as consumers increasingly shop for their groceries over the internet. Online sales represent a key growth area the country's largest retailers are vying to exploit. In the UK - the birthplace of private label - online expansion is good news for the manufacturers of leading food brands, Katy Askew suggests.
One-year-old Gousto is a fledgling company with a unique proposition. Consumers order online from a variety of menu options and Gousto delivers dinner kits, complete with recipe cards and all the ingredients, direct to the door. The company, which has expanded rapidly through its own website, has just entered a partnership with online retailer Ocado. Katy Askew spoke to Gousto co-owner Timo Schmidt about the company's ambitions.
UK snacks firm New York Delhi has secured a listing with Australia's largest retailer Woolworths Ltd but the company insists it is aiming to grow without "selling out" to the large supermarket chains.
UK consumer watchdog Which? has called on the country's competition regulator to investigate the "misleading" ways supermarkets price products.
Unilever is extending its presence in the frozen yoghurt sector with the development of mini frozen yoghurt pots under the Snog brand.
UK online specialist Ocado today (12 March) reported a jump in first-quarter sales but the result failed to convince the City and its shares tumbled.
Online UK grocer Ocado has reported higher annual losses despite growing sales ahead of the market and establishing a tie-up with supermarket group Morrisons.
Morrisons has declined to comment over the rumoured resignation of online grocery executive George Dymond just weeks after he joined.
Ocado has refused to comment on reports it has drawn up a short list of potential sites to house a third and fourth giant warehouse which, it is hoped, would boost its grocery delivery capacity by 50%.
Morrisons has reportedly suspended its treasurer, Paul Coyle, over allegations of insider trading ahead of the announcement of the supermarket group's tie-up with Ocado.
UK online grocer Ocado has booked a market-beating increase in sales as investments in capacity allowed it to fill more orders in its fourth quarter.
Morrisons today (9 January) reported a near-6% drop in like-for-like sales over Christmas, sending shares in the UK's fourth-largest grocer sliding.
Morrisons has unveiled details of its long-awaited online launch, with plans to cover 50% of UK households by the end of next year.
Morrisons saw its share price fall this morning (7 November) after it booked a drop in like-for-like sales in the third-quarter.
Upmarket retailer Waitrose has confirmed it is targeting GBP15bn (US$24.2bn) of sales in ten years as it looks to build its presence in the UK.
UK retailer Morrisons has remained tight-lipped over reports it is to debut its online grocery operations in Birmingham.
Last week's coverage has been dominated by two highlights of the food industry calendar. The first, industry trade show Anuga, saw just-food speaking to a number of up-and-coming companies, such as US kefir maker Lifeway Foods, about their export plans. The second, The World Retail Congress in Paris, provided us with an opportunity to delve into the emerging trends and hear from the great and the good of the food retail sector.
just-food was working hard to bring you news from both Cologne and Paris last week as the Anuga trade show and World Retail Congress conference, respectively, got under way. Enjoy some of the best quotes from both shows. Separately, Saputo confirmed plans to table a takeover bid for Warrnambool Cheese and Butter Factory, while the UK Government unveiled a programme to support the country's food and drink exports.
On day two of the World Retail Congress in Paris, attendees heard from Modern Putra Indonesia - the operator of 7-Eleven stores in the emerging economy - UK online retailer Ocado and French retailer Systeme U. Here are a selection of quotes from the second day.
The rapid increase of consumers shopping online will cause a "long-term headache" for bricks-and-mortar retailers as the channel eats into sales within stores, according to UK internet grocer Ocado.
Waitrose has said it can more than double its "online capacity" in London with the opening of another e-commerce grocery depot in the city.
TSC Foods, the maker of the Glorious! food line, has launched a value range of soups in two classic flavours.
Morrisons CEO Dalton Philips has said the UK grocer's "strong fresh food proposition" will help it meet its target to have a profitable online business four years after its launch in January.
Online retailer Ocado has booked a 16.4% jump in gross sales, driven by an increase in the number of orders it receives.
UK convenience retailer The Co-operative Group is developing an online sales platform that it plans to trial this year.
Fifteen years after starting out, UK pure-play online grocer Ocado today (3 February) announced its first annual profit - and claimed the trend towards online shopping was continuing. Manufacturers are taking note and diverting more resources to the channel but are encountering challenges.
Morrisons will come under the investor spotlight tomorrow (13 March) when the UK's fourth-largest grocer reports its annual results. One stockbroker has "rarely been so concerned" going into a set of full-year numbers. And the latest data from Kantar Worldpanel has shown another decline in Morrisons' sales.
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