Tesco - Latest News and Analysis – Page 213
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Tesco bids for Czech chain
Tesco is bidding to become the largest grocery retailer in the Czech Republic after putting in a €200m (£144m) bid for the Plus discount chain, according to reports.Czech daily newspaper Mladá Fronta Dnes said Tesco had put in the...
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Six-month price, service & availability review
Asda's low prices have dominated The Grocer 33 for the past six months but it's Morrisons not Tesco that is challenging it, however, to be Britain's cheapest retailer. In the first half of 2007, Tesco came closest to stopping Asda's run...
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Tesco third-cheapest retailer behind Asda and Morrisons
Morrisons has beaten Tesco on price to become Britain's second-cheapest supermarket behind Asda over the past six months.While Asda's average weekly basket came out cheapest at £44.51, the half-year review of The Grocer 33 shows...
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What the papers said - 15th December 2007
Tesco has complained to the OFT about property website Rightmove for refusing to list its properties. Tesco launched its home-selling service, Tescopropertymarket.com, in June in an attempt to undercut estate agents but has struggled to crack the...
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Price Survey - 15th December 2007
Asda remains the cheapest retailer in the run up to Christmas - but Tesco put up a strong fight, consigning Morrisons, the usual runner up, to third place. Asda's £41.79 basket, which was just 35p cheaper than Tesco's, boasted seven of the cheapest...
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The Tesco US empire starts to take shape out West
In the ultimate show of faith, it wasn't until this week - a month after the first Fresh & Easy Neighborhood Market stores opened - that Sir Terry Leahy flew out to inspect them. Sir Terry believes the franchise, led by CEO Tim Mason, the...
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In Brief: Tesco deal passed; Carluccio's on a roll; Honey helps coughs
Tesco deal passed The OFT has cleared the acquisition by Tesco of five former Somerfield stores in Thurso, Bedlington, Little Lever, Ramsbottom and North Hykeham. Carluccio's on a roll Italian restaurant and deli chain Carluccio's recorded a 66%...
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Fresh & Easy prices compare favourably with US big boys
Tesco's Fresh & Easy US convenience chain is proving it can compete on price with the US big boys. Despite the average Fresh & Easy store being just 10,000 sq ft, a survey by The Grocer revealed that more than half the products in a 10-item...
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Sir Terry proves he's no beach bum
If the thought of Sir Terry Leahy in tight shorts floats your boat, read on.Bogof hears that when the Tesco boss jetted out to the States in the summer to check the progress of its corner shop empire, he stripped off for a game of...
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OFT clears Tesco's acquisition of five Somerfield stores
The OFT has cleared the acquisition by Tesco of five former Somerfield stores.The competition watchdog said it had decided not to refer the merger to the Competition Commission based on the information currently available to it.The...
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Tesco opens Fresh & Easy factory
Tesco has built an 80,000 sq ft ready meals factory in Los Angeles to supply its new Fresh & Easy stores, according to The Financial Times.It is the first time the retailer has manufactured the food it sells.Forty per cent of the...
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Localchoice must get more local says Tesco
Localchoice milk has to become even more local if it is to hit performance targets, Tesco has told The Grocer.The retailer admitted it had "work to do" on the regional milk brand after receiving several complaints from the public about...
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Mason vows 'brutal' cost controls as Fresh&Easy takes keen price position
Tesco has told City analysts its Fresh & Easy operation will be taking a "brutal" approach to cost control as it seeks to compete with traditional grocers in the US.The business has been designed to be low cost to support Fresh & Easy's...
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opinion - "Tesco is so over Slough. These friendly bombs matter not a jot versus its assault on the US market"
Competition inquiries are like buses. This week saw the termination of the Tesco Slough case, Arla co-operating in the alleged milk price-fixing case, and last orders called by the Competition Commission in the big groceries inquiry. For the trade,...
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Tesco worth €2.5bn to the Irish economy
Tesco is worth almost €2.5bn to the Republic of Ireland's economy and is a bigger buyer of Irish food and drink than France, Germany or the US, according to new data.The figure is contained in a report by economic consultants Indecon,...
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Commission orders Tesco to sell store
The Competition Commission will force Tesco to sell a controversial former Co-op store in Slough after concluding it had reduced competition in the area.Tesco also owns a 100,000sq ft superstore in the area, which is less than a mile away...
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M&S has the most respect
Marks & Spencer is the most highly regarded company in the UK, according to a survey of nearly 2,000 consumers by the CBI.The retailer topped the list, gaining twice as many mentions as second-placed John Lewis Partnership. Tesco and...
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Express opens in Sir Terry's village
Sir Terry Leahy now has a Tesco store on his doorstep, after an Express in Cuffley, Hertfordshire, opened controversially this week.The retailer got permission in August to convert a former Harvester pub in Sir Terry's home village to...
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Tesco trialling organic rosé veal in 10 stores
Tesco is courting controversy by launching an organic British veal line in a bid to capitalise on growing demand from shoppers for speciality products.Despite ongoing criticism by animal rights campaigners of the use of calves for veal,...
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Commission: Tesco sale has not set a precedent
The Competition Commission has said the forced sell-off of a Tesco-owned supermarket this week did not make it more likely that the groceries inquiry would result in a large-scale divestment of stores.On Wednesday, the commission ruled...