Author: Sam Allcock

Allegations surface against Iceland regarding financial transfers before selling its Irish division.Metron Stores accuses Iceland of moving over £1.37m out of the Irish division pre-sale.An additional £772,476 was allegedly transferred from sales a week before deal completion.Metron claims an unpaid debt of £2.23m could have been settled with the transferred funds.Iceland considers a defamation claim, stating all debts were settled as of the sale date.Iceland faces scrutiny following allegations from Metron Stores, the owner of its Irish division, accusing it of moving substantial funds out of the business before its sale. According to these claims, over £1.37 million was transferred…

Arnold Schwarzenegger has partnered with Lidl to represent its Parkside DIY tool range, enhancing the brand’s outreach.The Hollywood star and ex-governor promotes over 100 products in a new advertising campaign.Schwarzenegger’s role will include appearances in both television and social media advertisements.The collaboration celebrates Schwarzenegger’s past experiences as a bricklayer.Lidl’s initiative is part of a broader celebration of its 50th anniversary in Germany.Lidl has recently announced a new collaboration with Arnold Schwarzenegger as the brand ambassador for its Parkside DIY tool range. This partnership sees the acclaimed actor and former governor of California endorsing a vast collection of over 100 products,…

The UK’s food inflation rate has hit the lowest point in almost a year.Food inflation fell to 11.5% in August, down from 13.4% in July.Shop price inflation saw a decline from 8.4% to 6.9%.Fresh food inflation significantly decreased to 11.6%.Economic factors continue to influence retail prices despite improvements.The UK’s food inflation has reached its lowest point in almost a year. August figures show a drop to 11.5%, an improvement from July’s 13.4%, as recorded by the British Retail Consortium. This marks a significant easing in the accelerated price increases experienced over the previous months.Shop price inflation, overall, has seen a…

A host of supermarkets have reduced prices to ease the financial strains faced by consumers.Asda has made significant investments to lower prices on hundreds of products, with discounts averaging 11%.Sainsbury’s has expanded its price match campaign, including frozen foods, as inflation slows.Ocado’s initiative focuses on helping parents save as the school term restarts, with reductions on key items.Iceland and Aldi have launched extensive price-cut schemes, targeting summer savings and essential products.In a bid to alleviate the financial pressure on consumers, numerous supermarkets have undertaken substantial price cuts. The action is aimed at helping households manage their budgets more effectively as…

Retailers in Northern Ireland, including Asda, are now displaying ‘Not for EU’ labels on select products.The labels are a result of the Windsor Framework, a post-Brexit trade agreement.Asda has started implementing these labels earlier than the October deadline.Businesses are concerned about the additional costs and compliance issues.The UK government plans a phased introduction of these requirements.Retailers in Northern Ireland are facing a new challenge as ‘Not for EU’ labels begin appearing on meat and dairy products. These labels, prominently seen at Asda stores, aim to streamline the movement of goods between Great Britain and Northern Ireland. This change is part…

Iceland Foods has announced a new, exclusive Blue Dragon product line ideal for those seeking an alternative to takeaways, launching on 28 August.The range features 12 Asian-inspired items, including reinvented favourites such as hoisin duck pizza and sweet and sour chicken noodles.Half of the selection is included in Iceland’s value deal, offering three items for £10, which aligns with their cost-savings initiatives.This launch coincides with Iceland’s broader price reduction strategy, which includes notable savings on 200 products.Group buying director, Andrew Staniland, highlights the range’s aim to provide affordable, enjoyable meals for families.Iceland Foods is set to launch an exclusive range…

Asda has taken significant steps to alleviate financial pressure on consumers by reducing prices on over 400 products.The supermarket chain has invested £23 million to lower prices on 425 branded and own-label items.Price reductions average 11% and cover essential items like nappies, milk, and bread.The initiative responds to ongoing economic challenges impacting household budgets.A previous £13 million investment targeted over 200 own-label products with similar reductions.Asda has recently undertaken a substantial initiative to ease the burden of rising living costs on its customers. The supermarket has committed £23 million to reduce prices on 425 products, encompassing both branded and own-label…

Sainsbury’s has significantly expanded its Aldi Price Match initiative, reflecting a forward-thinking value strategy.The campaign now includes over 400 items, with new additions like soups, burger buns, and desserts.Sainsbury’s has reduced the price of key items, notably slashing the cost of its British Butter by 10%.Nectar Prices are now applied to frozen foods, marking an extension of savings opportunities.The Pocket Friendly Prices campaign is also expanding, affecting numerous convenience stores.Sainsbury’s has made a substantial addition to its Aldi Price Match campaign, aiming to bring more value to its customers amid an easing of inflation. The expansion includes more than 40…

Iceland demands urgent reform of stringent laws on infant formula sales.The retailer aims to ease restrictions that prevent formula purchases with points or vouchers.Current legislation blocks price reductions for near-expiry infant formula stock.Iceland seeks to increase the value of Healthy Start vouchers amid rising costs.Research shows 86% of parents struggle to afford infant nourishment.In a bold move, Iceland is actively campaigning for immediate reform of existing legislation that limits the promotion of infant formula sales. The retailer insists that changes are essential to support families facing financial difficulties.Existing regulations prevent consumers from purchasing infant formula using loyalty points, store gift…

Tesco is implementing clear caps on its milk bottles to enhance recyclability and reduce plastic waste.Current coloured caps require separate processing from clear packaging, complicating recycling efforts.Switching to clear caps allows for increased recycling, contributing 3,900 tonnes of plastic back into production annually.Major retailers like Asda, Aldi, and Lidl have already adopted similar measures.Customer feedback has been positive, complementing Tesco’s other sustainability initiatives.Tesco has embarked on a significant sustainability initiative by transitioning to clear caps on its own-brand milk bottles. The change is aimed at simplifying the recycling process for consumers, as the current coloured caps require separate handling from…