The impact of the floods in Queensland on food prices in Australia has been the subject of speculation this week and one leading industry executive expects some groceries to become more expensive. And, as UK retailers report how they performed at Christmas, one analyst said Sainsbury’s had come out on top.
“All in all, we would certainly expect price rises to result from all of these events up and down the east coast mainland states” – Ken Hendrick, head of Australian grocery retail body NARGA, says the Queensland floods will help drive up prices as they follow wet weather elsewhere in Australia in recent weeks.
“There are so many promotions all year round now that it’s hard for the supermarkets to up it any further in the run up to Christmas” – Jonny Steel, from mysupermarket-insights.co.uk, explains why the latest just-food Promo Tracker showed retailer promotions fell in December.
“We were also preaching to a certain extent and wanting consumers to make a conversion” – Huw Bowles, chairman of The Organic Trade Board, says the UK organic sector had got its tactics wrong when promoting organic food.
“Techies at the Consumer Electronics Show seek out gotta-have gadgets so small you could fit a fistful in your pocket. So who says that the next, big mini innovation can’t come from a candy company?” – Hershey’s Anna Lingeris explains the decision to launch Reese’s Minis at an electronics show in Las Vegas.
“Together we have huge experience across all aspects of our business with a unique combination of both international and domestic expertise” – Richard Brasher, chief executive of Tesco‘s UK business, on the make-up of the retailer’s new UK board.
“Given the competitive markets we operate in, and today’s difficult economic environment, it is occasionally necessary to close those stores that are not profitable” – A spokesman for Supervalu Inc on the closure of five stores.
“The five clubs to be closed have historically underperformed and, after careful consideration, we concluded that improvement of their operating results was unlikely” – CEO Laura Sen said US wholesaler BJ’s Wholesale Club had been working on plans to “optimise our performance and build for the future” for months.
“Bringing our store model of convenience and value to more people in more states is an exciting opportunity for us” – sRick Dreiling, Dollar General’s chairman and CEO on the firm’s plans to open 625 stores
“This closure was a difficult decision to make and we will do everything we can to ease the impact on our people” – Réal Ménard, president of Canada Bread’s frozen bakery division on the closure of its Laval bakery.