Frozen foods brand Birds Eye is releasing an extra large version of their popular fish fingers following a huge sales boom during the coronavirus pandemic.
Named Crispy Chunky Fish Fingers, the new seafood product will cost £3 for a pack of six, each weighing just over double (60g) of the standard fish finger (28g).
A television ad campaign promoting the upcoming food item alongside existing variants, Chunky and Oven Crispy Battered, is set to debut from today (Monday, 24th August).
Birds Eye sales success throughout 2020 comes following the national lockdown back in March, resulting in consumers turning to frozen food items in order to minimalise shopping trips.
Value sales during this period increased by almost a third (31.9%) against the year at the height of lockdown [Nielsen 4 w/e 16 May 2020].
Birds Eye Crispy Chunky Fish Fingers will be on sale in Iceland, Morrisons, Ocado and Tesco, from 7th September and Asda set for October.
The Post Office is predicting that close to £1 billion worth of cash will be withdrawn over the counter at its branches in December.
Last December, Post Offices handled a then record £930 million worth of personal cash withdrawals at its branches.
New figures released today (10) reveal the impact ‘Storm Bert’ had on cash transactions at PostOffices in November. Just over £3.5 billion in cash deposits and withdrawals were handled by branches in November. This compared with £3.7 billion in October and PostOffice has attributed this month-on-month fall to ‘Storm Bert’ which impacted Wales, the South West of England, Central England and Scotland at the end of November.
Personal cash deposits totalled £1.45 billion which was down 4.5% month-on-month (£1.52 billion, October 2024) but was up 12.3 per cent year-on-year (£1.29 billion, November 2024). Business cash deposits in November totalled £1.12 billion which was down 7 per cent month-on-month (£1.21 billion, October 2024) but was up 1.5 per cent year-on-year (£1.11 billion, November 2024).
Personal cash withdrawals totalled £916 million in November which dipped 1.3 per cent month-on-month (£928 million, October 2024) but was up 4.3 per cent year-on-year (£879 million, November 2024).
Ross Borkett, Post Office Banking Director, said, “Following the large-scale disruption caused by Storm Bert last month, postmasters and their teams are on hand to support small businesses who desperately rely on cash takings in the run-up to Christmas. Our branches provide somewhere convenient and secure where they can deposit their cash.
“Many people rely on cash in order to budget in the run-up to Christmas Day and the trends we’re seeing indicate that personal cash withdrawals will be greater in December than the previous year.
"People can withdraw the cash they need, to the penny, at our branches with many open long hours and on the weekend.”
Post Office Cash tracker data – November 2024
Cash deposits value (business & personal)
MOM%
YOY%
Cash withdrawals value (business & personal)
MOM%
YOY%
Total cash deposits & withdrawal value for November 2024
As at 16 October, 88 hubs have been opened in partnership between Cash Access UK and the Post Office. 168 Banking Hubs have now been announced by LINK with further openings planned for later this year.
Premium food apart from clothing and technology purchases are expected to drive a 5 per cent jump in festive spending to £22.7 billion this year, according to figures that suggest UK consumers will outstrip the first post-pandemic Christmas in 2021.
The average spending on gifts and celebrations is expected to rise from £416 to £433 for each person, the survey of 2,000 adults by the accountancy firm PwC found.
The research suggested that spending will exceed the £21.6bn, or £426 for each person, recorded in late 2021, when consumers were able to return to more normal festive socialising after Covid-19.
Consumers named food and drink and Christmas dinner as the top spending priorities for 2024, suggesting that they might opt for more premium ranges, PwC said.
Clothing was the top spending priority for under-25s and third overall, according to PwC, giving hope to retailers that people will buy new outfits after several years of holding back.Strong spending on technology during the end-of-November Black Friday promotions is expected to continue through December.
PwC said British consumers have a “well-established habit of spending more than they initially plan during the festive season”.
Lisa Hooker, who leads PwC’s consumer markets work, said she was “cautiously optimistic about the outlook” after consumers showed “caution” during the autumn as they awaited tax increases from the government.
“After volume declines for most non-food categories in 2024, it is good to see a relatively strong end to the year with increased spending over Black Friday, which is expected to continue over the festive period,” she said.
“As usual the winning category is food and drink with growth in the premium ranges exceeding value ranges as customers want to selectively treat themselves and their family.”
PwC figures coincides with Kantar's report which states that grocery sales are expected to exceed £13 billion over the four weeks of December for the first time ever with Dec 23 expected to be the single busiest day.
Fraser McKevitt, head of retail and consumer insight at Kantar, said, "Sales of assorted sweet biscuits and biscuits for cheese both doubled in November compared with the month before, while 8 per cent of us bought a Christmas pudding."
McKevitt added, "Shoppers are grabbing the chance to spend that little bit more than usual on Christmas specials, and champagne, wine and spirits saw the biggest levels of buying on deal.”
Vape maker Chill Brands Group has announced a strategic pivot towards rechargeable, reusable vaping products and a new nicotine-free e-liquid range, positioning itself for growth ahead of the UK’s upcoming ban on single-use vapes.
Anticipating the ban's enforcement on 1 June 2025, Chill Brands has partnered with manufacturers to develop compliant, pod-based vape devices.
The company said “the appetite among retailers to stock single-use vape devices has diminished,” leading to a decline in its UK domestic sales. Meanwhile it is actively engaged in discussions with potential distribution partners to expand the global reach of its product range.
The company’s vaping portfolio will soon include a new line of nicotine-free e-liquids, set to launch in early 2025. These shortfill e-liquids come in 10 flavors and are designed for refillable vape devices, catering to both nicotine and non-nicotine users. The products' minimalist branding aligns with potential future marketing regulations.
Chill Brands has also established a new division to support third-party brands in entering the UK and European markets. The company has secured its first partnership agreement to represent an international brand offering oral nicotine pouches and natural energy drinks, with additional brand partnership discussions currently in progress.
“Having launched and grown our own brand in the UK within a nascent category we know what it takes to persist and prosper as a product-led business in this complex market,” Callum Sommerton, chief executive of Chill Brands, said.
“By partnering with emerging brands and utilising our established sales and marketing infrastructure, we are transforming our previous limitations into a unique opportunity. This model allows us to diversify our commercial interests, generate new revenue streams, and put our accumulated market knowledge and sales resources to productive use.”
The company’s trading suspension since June 2024 persists due to delays in finalising its 2024 audit, now expected in Q1 2025. Additionally, legal proceedings regarding the recovery of the chill.com domain are ongoing, with a key hearing scheduled for 19 December.
The British Independent Retailers Association (Bira) has been invited to participate in crucial Treasury discussions on business rates reform, marking a significant step forward in the association's long-standing campaign to reduce the rates burden on independent retailers.
This invitation follows the government's recently published discussion paper on reforming business rates, released in the wake of the Autumn Statement. The consultation process, running until March 2025, will help shape reforms set to be announced in the 2025 Autumn Statement and implemented from April 2026.
The talks come at a critical time for independent retailers, following October's Autumn Statement which announced a reduction in business rates relief from 75% to 40% (capped at £110k) from April 2024, adding further pressure to an already challenging trading environment.
Andrew Goodacre, CEO of Bira, said, "We have been lobbying for meaningful business rates reform for many years, with the ultimate aim of permanently reducing the rates burden on independent retailers.
"It is extremely positive that Bira will play a prominent role in these discussions, ensuring our members' voices are heard at the highest level."
The association, which works with over 6,000 independent retailers of all sizes across the UK, has consistently highlighted the need for a fairer business rates system.
This consultation process provides a genuine opportunity to influence long-term reform of a system that has long been criticised by the independent retail sector.
Goodacre added, "We understand the importance of these discussions to our members and will keep them fully informed throughout the consultation process. This is a real chance to shape a rates system that better serves independent retailers and our high streets."
Take-home sales at the grocers increased by 2.5 per cent over the four weeks to 1 December as shoppers get ready for Christmas, according to the latest data from Kantar. Supermarket sales are expected to continue growing, exceeding £13 billion over the four weeks of December for the first time ever, the market researcher added.
“Monday 23rd December is likely to be the single busiest day for the supermarkets this year, although there are clear signs that shoppers are already stocking up their cupboards. Sales of assorted sweet biscuits and biscuits for cheese both doubled in November compared with the month before, while 8 per cent of us bought a Christmas pudding,” Fraser McKevitt, head of retail and consumer insight at Kantar, said.
“Many of us take the chance to treat ourselves at this time of year and retailers are rolling out seasonal product lines to help us celebrate in style. The proportion of spending on premium own label products reached 5 per cent over the latest four weeks and we expect it to climb even higher in December to nearly 7 per cent.”
Outside of the food and drink aisles, retailers’ general merchandise lines are also predicted to get a boost. Spending on non-grocery items in the supermarkets leapt by 21 per cent in December 2023 versus the monthly average for that year.
The cost of an average Christmas dinner for four has risen to £32.57, up by 6.5 per cent, largely driven by the price of turkey and Christmas vegetable staples. Wider grocery price inflation remains relatively stable at 2.6 per cent, with grocers prioritising low pricing over multibuys.
“Sales on promotion reached 30 per cent in November, the highest since Christmas last year. It’s retailer price cuts, often accessed through loyalty cards, that are really driving this,” McKevitt explained.
“While multibuy promotions have stayed flat, spending on price cut offers has grown by 14 per cent, worth £355 million more than last year. Shoppers are grabbing the chance to spend that little bit more than usual on Christmas specials, and champagne, wine and spirits saw the biggest levels of buying on deal.”
Britain’s largest grocer Tesco achieved its highest market share since December 2017 at 28.1 per cent, up from 27.4 per cent in 2023. Its sales grew by 5.2 per cent in the 12 weeks ending 1 December. Sainsbury’s share increased by 0.3 percentage points to 15.9 per cent, and spending through its tills was 4.7 per cent higher than last year. The UK’s two biggest grocers now have a combined market share of 44 per cent.
Online retailer Ocado boosted sales by 8.7 per cent over the period, achieving a 1.8 per cent share of the market. It outpaced the total online market which grew by 3.6 per cent, with shoppers spending £4.2 billion on the channel overall across the 12 weeks.
Lidl was the fastest growing bricks-and-mortar grocer, with sales up by 6.6 per cent. Its share climbed 0.3 percentage points to 7.7 per cent. The retailer’s footfall stepped up by nearly 10 per cent in comparison with a year ago.
Spending at Morrisons rose by 2.0 per cent, and it now takes 8.6 per cent of the market. Its average transaction value nudged up by 4.8 per cent over the 12 weeks, helped by strong online sales. This was significantly ahead of the average growth in basket spend across the grocers as a whole, which edged 0.7 per cent higher to £24.51 this period.
Waitrose grew slightly ahead of the market, with spending increasing by 2.6 per cent. It maintains a 4.4 per cent share. Spending at Aldi grew by 2.1 per cent, and the retailer retained 10.3 per cent of the market. Iceland also held its share of 2.2 per cent.
Asda has a 12.3 per cent market share, and Co-op’s portion of the market is now 5.5 per cent, but both retailers saw sales declining in the 12-week period, by 5.6 per cent and 1.1 per cent respectively. Symbols and independents also experienced an year on year sales drop of 3.7 per cent.