Tesco to de-list ABF's Kingsmill bread
Tesco to stop carrying Kingsmill bread
From next Monday (23 March), Tesco will stop carrying Kingsmill bread in-store or online. A spokesperson for the retailer told just-food the de-listing was "part of our regular review of our ranges to meet the needs of our customers".
The UK supermarket has previously indicated it will be cutting lower-volume SKUs across its categories in order to reduce costs. The spokesperson did not confirm whether the de-listing was part of this wider strategic drive and declined to detail how the shelf space occupied by Kingsmill bread would be allocated.
A spokesperson for Allied Bakeries, the UK bakery unit of ABF, said: "While we are disappointed by this decision regarding Kingsmill bread, we are continuing to work with Tesco to build our Allinson and Burgen bread, Kingsmill snacks and wider Kingsmill bakery portfolio, and hope in the future that we will see Kingsmill bread return to stores as a choice for Tesco shoppers."
In its most recent trading update, ABF said price competition was hitting margins at Allied Bakeries, where profit is expected to be down on last year.
When the trading update was released at the end of last month, the company said over-capacity in the industry was "driving manufacturers towards marginal pricing" at a time when retailers are "seeking to prove their value credentials" on grocery essentials such as bread. "As retailers drive for value and range simplification, already tight margins have come under further pressure and Allied Bakeries' profit will be lower than last year as a result," the group said.
Tesco Stores maintained its ranking of third in overall retailing in the Czech Republic in 2015. The company’s main focus is on increasing profitability....
Stevia, also known as stevia rebaudiana, is a natural and calorie-free plant-derived sweetener used as a sugar substitute in food, beverages, and other applications....
The global bread and rolls market is expected to grow steadily during the forecast period....
Seasoning is the process of adding salt, pepper, spices, and herbs during food preparation. Spices are dried fruit, seed, bark, or root used to give flavor, aroma, as well as color to the food....
- 2017: three major drivers of M&A strategy
- just-food 2017 Survey - your thoughts on growth
- 2017 - what will shape the UK food sector?
- Could BRF's Turkey move pave way for OneFoods IPO?
- Food market in 2017: big foodservice trends
- Ferrero insists Nutella not pulled from shelves
- Premier Foods issues profit warning
- UK's Bakkavor plays down IPO "speculation"
- PepsiCo launches Walkers Mediterranean in UK
- Kellogg names Fareed Khan as incoming CFO