Tesco - Latest News and Analysis – Page 202
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Editor's Comment: Is Tesco's discounter range really a mistake when even Ocado is distancing itself from premium?
In the week that Morrisons reported an 8% increase in like-for-like sales, Tesco's 2.2% growth - and the discounter range that has arguably brought it about - looks neither big nor clever. While Sir Terry and his team argue it has deliberately...
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Tesco under fire over Failure to Arrive fees
Tesco has been accused of acting unfairly by a supplier who had thousands of pounds deducted from his invoice as punishment for failing to deliver enough stock.Speaking to The Grocer, the supplier, who did not want to be named, said Tesco...
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Ocado budget range 'is about improving choice'
First Ocado announced it would copy Tesco by matching its prices on all branded items. Now the online retailer is taking its emulation of Tesco one step further by launching a Discounter range of its own.The 21 products in its Everyday range...
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NewsGrocer 33: Asda ousts Tesco to take back its title
In a week of fierce competition and pricing activity, Asda regained the cheapest retailer title by a narrow margin with a £51.21 basket that cost just 16p less than Morrisons. The retailer provided 22 of the cheapest or joint-cheapest items and made...
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Tesco share price soars despite weak sales growth
Shares in Tesco soared at their fastest rate in 20 years yesterday despite the supermarket giant unveiling its worst quarterly sales performance in more than a decade.
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Tesco feels the pinch for worst performance in a decade
Tesco has unveiled like-for-like sales growth of just 2% for the past quarter, excluding petrol sales, confirming the supermarket giant’s worst performance for more than a decade.
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Tesco blasted for only selling 80% UK lamb
Tesco has come under fire from the farming community for not going far enough to support the British lamb industry at the peak of this year's season.New figures from Eblex reveal that in October only 80% of Tesco's lamb facings were...
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Tesco flushed with success as it cuts 40% off stores' water bills
Tesco has reduced its water bills by 40% in 28 stores by using rain water to flush the toilets, and has ambitious plans to cut water use even further.Engineers have installed tanks costing £25,000 under newly built stores, and have...
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NewsGrocer 33: Tesco topples Asda to take pricing title
Tesco secured the cheapest retailer title this week, jumping two places and knocking Asda off the top spot with its £48.21 basket
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DFB 1st Grade targets gap in cheese market
Dairy Farmers of Britain has expanded its branded cheese portfolio with a range of four cheeses.The 1st Grade range, launched into 650 Tesco stores last week, features mild, mature and ploughman's vintage Cheddars and Red Leicester....
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Grand Marnier: not just about Christmas
Grand Marnier is attempting to boost the brand’s appeal beyond Christmas with a second round of off-trade sampling. Next week, consumers visiting Sainsbury's and Tesco in the south east can pick up a free glass of the ‘grand café’ serve, which...
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Crackling arrives at the supermarket
Staffordshire-based RayGray Snacks is expanding its business and taking on extra staff at its Rugeley HQ after winning a Tesco listing for its pork crackling and dip snack.The company has been making pork crackling for pubs and bars for...
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NewsGrocer 33: Asda comes in £2 cheaper than Tesco
Asda has maintained its cheapest retailer title with a £50.57 basket that cost almost £2 less than second-placed Tesco.
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Cheshunt roasting on an open fire
Rumours reach Blogof Towers that the famous Tesco fiscal prudence has claimed another casualty, with sources reporting that the supermarket giant has cancelled a Christmas lunch for 50 senior management types at swanky London restaurant...
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Tesco signals slowdown in US growth plans
Tesco is again slowing down the US rollout of Fresh & Easy, with the supermarket giant delaying its expansion into North California as it wrestles with the economic downturn.
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Tesco and suppliers at odds as commodity prices drop
As commodity prices fall, Tesco claims suppliers should cut their prices, but manufacturers argue they've yet to feel the benefits. James Ball looks at both sides
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Own-label rises leave canned brands behind
The cost of own-label canned food in the big four has soared in the past month, flying in the face of ongoing Tesco and Sainsbury's campaigns promoting own-label brands as cheaper alternatives to branded goods.Although canned food brands...
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Store site wrangle runs up £2m bill for taxpayer
A battle between Tesco and council officials over a city centre site in Sunderland has cost taxpayers more than £2m.Council plans for the former Vaux brewery site were supposed to create 3,200 jobs and bring in £370m in investment. Ten years...
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Tesco to submit new plans for Harrogate
Posh Yorkshire town Harrogate could finally lose its status as the only major postal area in the UK without a Tesco superstore. The retailer has confirmed that it is due to submit new plans “imminently”, having been forced to abandon earlier...
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Tesco budgets for reduced sales growth
Tesco is budgeting for 2% like-for-like sales growth in the UK rather than its longstanding 3% to 4% estimate as the economy worsens, say analysts. Following a meeting with Tesco management last week, Shore Capital analyst Darren Shirley...