UK shoppers turn to own-label food as inflation bites, research shows

  • 📰 Reuters
  • ⏱ Reading Time:
  • 11 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 97%

United States Headlines News

United States Latest News,United States Headlines

British shoppers are increasingly choosing own-label products to help counter surging inflation, according to research by NielsenIQ that showed overall supermarket spending down on a year ago when COVID lockdown measures were in place.

Sales of branded grocery products fell by 5.1% in the four weeks to March 26, while sales of own-label, or private-label, products created for chain stores were down 1.9%, the market research company said.Register now for FREE unlimited access to Reuters.com"As we leave behind the pandemic, it's clear that shoppers are re-evaluating what they spend," said Mike Watkins, NielsenIQ UK head of retailer and business insight.

Sales of private-label products in the ambient or packaged grocery category increased by 3.3%; a significant change in a category where brands dominate, with 61% share of total sales, it said.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Zyakhala🔥

Nothing wrong with a few extra gerbil bits. Good for digestion.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Surging COVID cases force easyJet to cancel UK flights over staff shortagesA renewed surge of COVID-19 in Britain has forced airlines including easyJet to cancel hundreds of flights in recent days as staff sickness levels soar.
Source: Reuters - 🏆 2. / 97 Read more »

UK hits record COVID-19 levels; nearly 5 million infectedThe prevalence of COVID-19 in the U.K. has reached record levels, with about 1 in 13 people estimated to be infected with the virus in the past week,...
Source: MarketWatch - 🏆 3. / 97 Read more »

UK adds nine more COVID symptoms to official list as its struggles with record case loadThe official list of symptoms of COVID-19 has been expanded in the UK, where cases are currently running at the highest level since the start of the pandemic.
Source: MarketWatch - 🏆 3. / 97 Read more »

Kids Struggling With Writing and Speech Development in the Wake of the Covid Pandemic, UK Study FindsChildren continue to struggle with basic development skills such as writing and speaking in the wake of the Covid-19 pandemic, a U.K. study has found.
Source: NBCDFW - 🏆 288. / 63 Read more »

Ian Cheshire Appointed Channel 4 Chair as U.K. Broadcaster Awaits Privatization DecisionVeteran businessman Ian Cheshire has been appointed the next chair of U.K. broadcaster Channel 4, media regulator Ofcom revealed on Sunday. Cheshire will join the broadcaster’s board on Apr. 11, su…
Source: Variety - 🏆 108. / 63 Read more »

New Chair Appointed Of UK Broadcaster Channel 4, Ahead Of Government Decision Over PrivatizationThe new chair of UK broadcaster Channel 4 has been appointed. Media regulator Ofcom has confirmed that businessman Sir Ian Cheshire will be joining the board of the channel on April 11, taking over… GoHomeGota2022 GoHomeRajapaksas
Source: DEADLINE - 🏆 109. / 63 Read more »