The Week That Was: FMCG & Retail (07/01/19)
7th January 2019
High street sales slumped over Christmas, according to the Evening Standard, however there was positive news for online sales. Richard Lim, of Retail Economics, commented: “These results demonstrate the vast disparity in the performance of online and stores. The ongoing shift towards online, fiercer competitor dynamics and softer consumer confidence have damaged in-store sales.”
Surprise Partnerships, Robot Coworkers And A Brick-And-Mortar Renaissance is what we can come to expect from retail this year, according to experts. They predict that next year will present us with the cutting edge of a Cambrian explosion of change in the retail industry, driven by customer-centric strategies aimed at fulfilling consumer demands for hyper-personalised service and instant gratification.
The UK’s largest bakery chain this week launched its very own vegan sausage roll, following a petition calling for a vegan version of its bestselling product. Greggs, which sells 1.5m traditional pork sausage rolls a week, says the new version has been designed to mirror some of the original’s classic features. It will have 96 layers of light and crisp puff pastry – made with vegetable oil – and a “bespoke” Quorn filling. Delish!
Greggs isn’t the only brand this week to announce new vegan product launches. Tying in with Jan’s Veganuary, McDonald’s, Ben & Jerry’s and Marks & Spencer have all announced new plant-based food ranges.
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