Top stories in the papers this week 26 March – 1 April 2011
Tesco admits raising 250 prices before lowering them; SuperValu plans to create 400 jobs; End of the road for Irish chicken?
31 March 2011
1. Tesco admits raising 250 prices before lowering them
Tesco has admitted that 250 of the multiple’s products actually increased in price in the early part of this year, before falling back this week – allegedly due to “volatility on international commodities markets.” The Irish Times reports the supermarket giant also provided a list of 1,000 prices which it claimed had fallen without going up first, yet further examination showed some of these prices had in fact risen first.
2. SuperValu plans to create 400 jobs
SuperValu is to create 400 jobs as part of a €25 million investment programme. The Irish Examiner reports that after work on two new stores and the extension and refurbishment of a further 34 more is complete, the numbers employed by the network will hit 15,000. The new supermarkets joining SuperValu’s current 192 stores will be located at Mountmellick, Co Laois and Manorhamilton, Co Leitrim.
3. End of the road for Irish chicken?
Irish consumers’ love of a bargain has pushed imports of chicken sky high, writes Suzanne Campbell in the Irish Times. Currently there are about 200 million imported fillets entering the Republic of Ireland. However chicken’s price is falling, making it hard for Irish farmers to stay in business. In fact, The Irish Farmers’ Association estimates that poultry farmers get less than 10% of the retail value of a whole chicken.
4. Takeaways accused of labelling cheaper fish as cod
Takeaways, fishmongers and restaurants are still selling consumers mislabelled fish. The Irish Independent reports that following a UCD investigation last year, a Food Safety Authority of Ireland (FSAI) survey found 19% of fish tested was not what it said on the label, with fish and chip shops the worst offenders. The names of two suppliers also came up during traceability checks and this will be further investigated.
5. Retailers vow action on parking levy plans
Northern Ireland’s retailers have vowed to bombard Stormont ministers with letters and petitions in their fight against the introduction of car parking charges in 30 towns. The Belfast Telegraph reports that local Chambers of Commerce are determined to fight against the controversial plans put forward by the Minister of Regional Development, Conor Murphy, in a bid to raise £37m in revenue.
Supermarkets promise to cut grocery bills in new price war (Irish Independent)
Food for thought (Irish Times)
-Can organic, environmentally-friendly production survive?
Brewing up a storm (Irish Examiner)
Is appetite fading for retailer that came to reflect tastes? (Irish Times)
-Discussion on Tesco
Pret A Manger boosted by sales of 50,000 porridge pots a week (Guardian)
Eason plans to invest €20m in expansion (Irish Times)
Retail Ireland: Govt must address upward-only rents (Irish Examiner)
Grocery sales slow as UK shoppers economise (Guardian)
Marks & Spencer slips on talk of Stuart Rose share sale (Guardian)
CSO figures show February retail sales continue downward trend (Irish Times)
Brace yourself for the knock-on effect of higher oil prices (Irish Times)
Consumers under pressure: mortgage defaults rise and high street profits fall (Guardian)