Blog: Food a sticking spot in European sales "rebound"
Katy Askew | 10 January 2013
Following three straight months of decline, European retail sales picked up slightly in November. However, as Christmas approached, food remained a soft spot.
According to the latest figures from Eurostat, month-on-month sales in the euro area rose by 0.1%. But before we start hailing the beginnings of an upturn in Europe, it must be remembered that this month-on-month rise seems a natural trend given the approach of Christmas. Year-on-year, the figure is far less encouraging as euro zone sales were down 2.6%
For our industry, the numbers are more gloomy still. Food, drink and tocacco sales were down 0.3% month-on-month and 2.1% year-on-year. Countries that saw the biggest declines were - unsurprisingly - Spain, Slovenia, Bulgaria and Portugal.
With the euro zone struggling on, how do you expect your business fair over the coming 12 months? Do you expect to see an up-tick in economic activity on the continent? Share your views in our 2013 confidence survey. The results will be presented in a webinar in February.
The UK's Serious Fraud Office has launched an investigation into the GBP263m (US$424.6m) black hole in Tesco's accounts, the retailer confirmed today (29 October)....
A mobile app that claims to be the "most comprehensive food-rating database available" to US consumers has raised the hackles of the country's food manufacturers....
Just weeks after announcing a purchasing tie-up in France with local rival Systeme U, Auchan has outlined an international agreement with Germany's Metro Group....
Tesco has reported a massive 92% drop in first half profits as the accounting fiasco continues to widen....
- Why data is key to shopper satisfaction
- Interview: Premier sets sights overseas
- On the money: Spreads, ice cream top Unilever woes
- Sustainability Watch: Roberto Ciati, Barilla
- Short-termism decides Chiquita's future
- Hovis CEO Spooner leaves bread maker
- Glanbia chairman to step down
- General Mills to launch "Ancient Grains" Cheerios
- Kellogg earnings beat forecast but sales pressured
- Hershey lowers FY sales, earnings forecasts
- The Future of Retailing in the UK to 2017
- Supermarkets in China
- Pubs & Bars in the UK - Industry Market Research Report
- Consumer Trends Analysis: Understanding Consumer Trends and Drivers of Behavior in the Chinese Confectionery Food Market
- Kerry Group plc - SWOT, Strategy and Corporate Finance Report