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NEWS

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10 ASIAN TRADER 18 OCTOBER 2024

Leading One Stop retailers are

excited over reports that One

Stop stores will soon be able to

stock Tesco’s core own-brand

range as the symbol group is set

to phase out its current

own-label range.

According to recent reports,

the Tesco-hosted symbol group

has announced it will phase out

its current own-label products

and replace them with its

parent’s “Core Own Brand”

range across its estate of 1,000+

stores.

Owner of One Stop Mount

Nod store in Coventry, retailer

Aman Uppal conﬁ rmed the

reports, saying that the

announcement was made at a

recent One Stop franchise meet.

Uppal told Asian Trader, “I

am very happy and super-excit-

ed over this news. I have been a

part of One Stop for the past

eight years and have been

waiting for something like this

for a long time.

“Tesco Core Own Brand

range carries trust and familiari-

ty. People are going to love it

that the range is available at

their nearby One Stop conveni-

ence stores.

“I feel it’s a win-win

arrangement for all of us.

Though I also understand that

the roll-out and logistic will be a

bit challenging and might come

with some conditions.”

With a slump in sales and

margins being squeezed, this

move is being welcomed by

several One Stop retailers as

stocking Tesco products is

expected to give them a

competitive edge, potentially

increasing footfall as well as

basket size.

The Tesco products will be

introduced in phases, starting

this month and possibly rolling

into next year. The of er will

include an expanded range of

healthier and af ordable

options.

Deal means prospect of selling Tesco core skus in-store

One Stop retailers ‘super-

excited’ over new range

Almost half of UK Gen Z’ers

(46%) and 29% of other

generations have abandoned

a brand they were once loyal

to because they grew “bored”

of them, a recent study has

shown, also highlighting the

changing expectation of

customers and increasing use

of AI in marketing.

According to SAP Emarsys’

annual Customer Loyalty

Index (CLI), younger

consumers are particularly

drawn to innovative market-

ing. In fact, the study states

that 30% of Gen Z, compared

to 23% of all demo-

graphics, have tried a

new brand because of

its “creative market-

ing”.

Additionally, over

a quarter of Gen Z

(31%) are enticed by brands

that use “cool” content or

imagery, versus only 21% of

other age groups. Meanwhile,

28% of Gen Z, compared to

17% of other demographics,

seek out brands that deliver

“memorable experiences”.

The study also focused on

the increasing use of AI to

optimise the marketing

process. It points out that

brands like Ferrera Candy

Company and Pizza Hut are

making every interaction

count more by creating

personalised, two-way

conversations, meaning the

brand can better predict the

customer’s developing

preferences.

Half Gen Z abandons ‘brands that

become boring’

KP Snacks proﬁ ts

despite cyber attack

Proﬁ ts at KP Snacks surged to

almost £100 million despite a

debilitating 2022 cyber-attack, said

the maker of Butterkist, Tyrrell’s and

Popchips.

The Slough-headquartered

business, whose brands also include

Mccoy’s and Hula Hoops, reported a

pre-tax proﬁ t of £93.7m for 2023, up

from the £64.3m it achieved in 2022.

Accounts show the ﬁ rm’s

turnover jumped from £546m to

£626.7m over the same period.

The board said, “KP grew share in

2023 and continued to strengthen

its branded position in the UK crisps,

snacks, popcorn and nuts market.”

Pets Choice surpasses

£100m in turnover

The leading pet food, healthcare and

accessories manufacturer an-

nounced a record ﬁ nancial year,

surpassing the £100 million turnover

milestone for 2023.

The North-West based company,

which is behind brands including

Webbox, Bob Martin, Felight and

TastyBone, reported a revenue

increase from £95 million to £109.7

million for the year ending 31

December 2023.

This growth is largely attributed

to Pets Choice’s strategic brand

acquisitions, including the plant-

based pet care brand HOWND and

premium pet food brand Vet’s

Kitchen, enhancing its presence in

the premium pet care sector.

Happy 3rd birthday for

Scan & Save

Retail technology company Jisp has

marked the 3-year anniversary of its

Scan & Save app, achieving impres-

sive performance ﬁ gures and

receiving high praise from its retailers.

Since launching in 2021, Scan &

Save has earned retailers almost

£6million and shoppers over

£2.2million. Total scans of the app’s

AR vouchers broke through the

ﬁ ve-million mark, with redemptions

topping four million.

Stores also hit 1,000 for the ﬁ rst

time, continuing the impressive

recruitment of new retailers into the

business, while registered Scan &

Save users grew to 123,000.

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