UK: Iceland sales slump leaves shares in deep freeze
High street supermarket chain Iceland saw like-for-like sales drop 10% in the four weeks to 21 July, according to till roll figures from the retail research arm of Taylor Nelson Sofres. Bill Grimsey, CEO of Iceland parent The Big Food Group, blamed the disappointing sales on an unpopular new pricing strategy, but added that according to Iceland's own figures the slide is just 8.3% in the three weeks to 19 July.
Get full access to all content, just $1 for 30 days
A Message From The Editor
just-food gives you the widest food market coverage.
Paid just-food members have unlimited access to all our exclusive content - including 16 years of archives.
I am so confident you will love complete access to our content that today I can offer you 30 days access for $1.
It’s our best ever membership offer – just for you.
Dean Best, editor of just-food
- Unilever 2016 investor day - the top takeaways
- Have food promotions reached tipping point?
- Mondelez goes beyond certified cocoa - analysis
- What Premier CEO Gavin Darby thinks about Brexit
- How Tyson's new CEO plans to grow the meat group
- Nestle unveils process to cut sugar by 40%
- Unilever sets new margin target with help from ZBB
- Unilever focuses on "value" of spreads arm
- Putin 'wants embargo to run as long as possible'
- McCormick to buy flavours business Enrico Giotti