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.
Danone completed its US$12.5bn acquisition of WhiteWave Foods this week. The move will roughly double Danone's presence in North America, where WhiteWave is a top four dairy player. ...
Premier Foods plc revealed today (28 March) it has secured a deal with its pension scheme trustees that will see the UK food maker reduce its pension burden....
Hain Celestial, under the scrutiny of the investment community in recent months and facing some challenges in its domestic market, has announced another shuffling of its management pack....
FrieslandCampina, which today served up higher profits but lower sales for 2016, is ready to offload the last non-dairy business owned by the Dutch cooperative giant....
- Interview: Sir Kensington's on sale to Unilever
- Analysis: Post discusses rationale for Weetabix
- Interview: "Disruptive" snack brand Hippeas
- Who will buy Danone's Stonyfield business?
- Column: Why snacking is the new meal
- Unilever buys US condiments maker Sir Kensington's
- Tyson shops Sara Lee bakery, Kettle and Van's
- Dairy dampens Danone in Q1
- Icelandic to sell Saucy Fish Co. owner Seachill
- Nestle organic growth slows but beats expectations