Tesco - Latest News and Analysis – Page 210
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Ocado to match Tesco on branded products
Online retailer Ocado is planning to match Tesco on 3,500 branded products.The retailer will have to invest about £10m to keep its price pledge and the move has surprised the industry because Ocado is thought to have recorded a pre-tax loss...
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Wider selection of local wine at Tesco
English and Welsh wines have become the latest focus in Tesco's bid to stock more local products in its stores.The retailer is listing five new wines, which will be available in stores close to the vineyards where they are produced. They...
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Tesco growth lagging but it will fight back say analysts
Tesco and Sainsbury's have underperformed the total grocery market for the second consecutive month, while Morrisons and Asda have built on sales momentum, according to the latest TNS Worldpanel figures.The total grocery market grew 5.9%...
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Letter of the week - Alcohol tax hike calls are misguided
In response to your article on Tesco and Asda's plans to address alcohol problems, if policy were determined by responding to headlines alone, the prohibition of alcohol would surely be on its way ('Supermarkets try to avoid ending up in the drink',...
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Tesco to build 27 turbines in next stage of energy project
Tesco has secured planning permission to build 27 wind turbines in store car parks as part of its ambitious renewable energy technology programme.Following a trial of the UK's first Ropatec turbine in its Newton Aycliffe store, Tesco is...
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Price Survey - 8th March 2008
It has taken eight months but Tesco has regained its title as cheapest retailer in our The Grocer 33 price survey. Tesco has swapped places with Morrisons, which plummeted from first to fourth place this week. Tesco slashed the prices of four items...
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Price Survey - 15th March 2008
Asda has been consigned to the second-cheapest retailer position for a third week courtesy of Morrisons. Morrisons climbed from fourth place to the top spot with a £37.28 basket, but Asda's total was only 7p more and Tesco was close behind with a...
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MPs call for Tesco tax haven probe
MPs have called for an investigation into Tesco's use of tax havens in the Cayman Islands.This week, two Early Day Motions were tabled calling for Tesco to pay the full amount of tax due to the UK and on the government to take steps to...
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Fresh produce at heart of Tesco's local agenda
Tesco plans to massively increase the volume of local fresh produce it sells under its local sourcing initiative.Speaking at a local sourcing event last week, Tesco's head of local sourcing, Emily Shamma, revealed that in certain areas...
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Should Tesco be uneasy over critics of US venture?
It's the end of Q1 for Tesco's Fresh + Easy venture, and with North California the next stop in the rollout, it's 50 stores and counting.But a whispering campaign is gathering momentum, suggesting that all is not well. US retail expert...
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Spall brings Tesco's supply chain expertise to Innocent
Innocent has appointed former Tesco director Stephen Spall to head up its supply chain and help drive ongoing expansion. Spall will be responsible for a 40-strong supply team and will oversee the company's entire supply chain "from field...
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Supermarkets try to avoid ending up in the drink
Since being hauled before the prime minister for a bit of a kicking at the end of last year, the supermarkets have been working on proposals to help solve Britain's binge-drinking problem. Over the past two weeks, Tesco and Asda have...
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Sainsbury's loses out in English asparagus race
Tesco has beaten Sainsbury's in the race to get the first English asparagus into stores this year.Asparagus grown by S&A Davies in Worcestershire hit shelves in Tesco's Evesham store last week, beating the previous record by four weeks,...
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What the papers said - 1st March 2008
Supermarkets were preparing for an online price war to gain market share, according to the Daily Mail. Last week Tesco started offering shoppers £10 off first-time orders of £50 or more, following Ocado's price cuts on hundreds of lines since...
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Price Survey - 1st March 2008
Asda's attempt to record a fourth week as cheapest retailer has been foiled by Morrisons as the price gap between the big four becomes narrower than ever. Only 62p separated Asda, Morrisons, Sainsbury's and Tesco from each other after they matched...
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Tchenguiz to sell Tesco stake
Vincent Tchenguiz, the older brother of Robert Tchenguiz, is planning to sell his share in a £490m Tesco supermarkets joint venture.The property entrepreneur will follow up the sale with a refinancing of up to £700m of his residential...
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Tesco issues warning over price fix inquiry
Tesco has warned that the inquiry into the alleged fixing of dairy prices may put retailers off helping farmers in future.Tesco has continued to protest its innocence to the Office of Fair Trading , but the consequences of the...
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Tesco in court for not showing prices
Tesco Ireland has been convicted of failing to display product prices at one of its Dublin stores. It was fined a total of €1,500 and ordered to pay €2,000 costs after admitting 28 breaches of Irish pricing regulations at its outlet in...
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Tesco puts Holmes in fresh commercial role
Colin Holmes has become commercial director for fresh food at Tesco on his return from sabbatical.After a string of departures from the supermarket's senior management team, including Stuart Machin, Colin Smith, Scott Wheway and Ken...
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Administration for No Catch
Organic farmed cod operation Johnson Seafarms went into administration this week with debts of £40m. No Catch - claimed to be the world's first organic cod farm - had listings in Tesco and selected Sainsbury's but sales of just £3m last year....