Daily Newsletter

09 August 2023

Daily Newsletter

09 August 2023

Tesco adds new signage for mark-down areas in 300 stores

The new signage is designed to help shoppers find food bargains while also reducing waste.

Jangoulun Singsit August 08 2023

Supermarket chain Tesco has expanded its move to highlight marked-down yellow sticker food items to more stores across the UK.

The signage reads ‘reduced in price, just as nice’ and is designed to help shoppers find food bargains while reducing waste.

Tesco’s new signage is now up in nearly 300 stores, with the retailer planning to expand it to more stores across its portfolio.

The markdown section features salads, meat, bread, sweet treats, end-of-season products and discontinued grocery and non-food items.

Tesco quality, technical and sustainability director Claire Lorains said: “At Tesco, we have no time for food waste and we do everything we can to reduce it.

“Our customers are always on the lookout for great value food and our rebranded ‘reduced in price, just as nice’ signage makes it easier than ever to spot a short-dated and top-quality bargain.”

Tesco introduced the signage in October 2022 following a survey, which showed that shoppers would go for more yellow sticker food items if the area appeared attractive.

The retailer launched the new feature at the Hatfield Extra store in Hertfordshire.

Tesco Hatfield store manager Ravi Aloysius said: “The new signage has had an immediate effect and we are seeing more people wishing to buy from our reductions area, particularly on fresh food, meaning there are far fewer items left at the end of an evening.”

Last month, Tesco reduced the prices of more than 500 household essentials, summer favourites and healthy foods.

APAC duty-free market expected to grow fastest, fueled by rising income levels and international travelers

Per latest GlobalData estimates, the global duty-free market retailing market was valued at $49 billion in 2022, its highest level ever as it bounced back from the pandemic impact, and is expected to grow at a CAGR of more than 28% during the period 2020-2026, driven by government initiatives, rising passenger numbers, major global events (for instance global sporting tournaments) and the renewed popularity of cruise trips. Infrastructure investments will also play an important role, particularly airport expansion and space refurbishment, and investments in arrivals duty-free formats. That said, growth will be held in check in the years ahead by the permanent erosion of disposable income from the heightened cost of living impacting demand for air travel. The duty-free market in the APAC region showed strong growth in 2022, as traveler numbers surged in response to the lifting of travel restrictions. To cater for rising demand in the region, many airports in the APAC area are expanding and modernizing, giving duty-free stores greater space that will allow them to attract more customers. The future of APAC duty-free retail is also being shaped by the adoption of technology. The rise in online shopping, mobile payments, and digital marketing are giving businesses new ways to connect with customers and improve the shopping experience.

Newsletters by sectors

close

Sign up to the newsletter: In Brief

Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Thank you for subscribing

View all newsletters from across the GlobalData Media network.

close