The Week That Was: FMCG and Retail (08/03/19)
8th March 2019
Greggs this week announced that it had finally hit £1bn for the first time in product sales. The bakery chain also announced that 2019 sales have spiked by almost 10% already, thanks to the fanfare around the launch of its vegan sausage rolls.
John Lewis has paid out its lowest bonus to staff since the 1950s, as profits plunged last year amid “challenging” trading. It blamed poor home sales, discounting from rivals, and higher IT costs for the drop.
Boots UK has partnered with Glamour Festival to overhaul its beauty experience, bringing new products and brands to the high street, and creating in-store beauty halls led by a team of specialists.
Lidl is looking to abolish ‘bags for life’ from stores – while they are meant to be greener than 5p bags and used multiple times, many are being used once and then thrown away and are making plastic waste worse.
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