The retail industry has been bruised by sagging consumer sentiment and increased costs and, while this has heralded a 6-year low in quarterly retail turnover, the implications on food have so far been mixed – according to new research by Freshlogic. Martin Kneebone, a director of consultancy firm Freshlogic, says that slimming household budgets are prompting a noticeable move toward cheaper meal options. The eating-out food market may lose as much as $3b in annual consumer spending, part of... ...Read more »