Tesco news and analysis – Page 248
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harrogate's laststand vs. tesco
Nobody cares about Tesco in Betty's Tea Rooms. Scones are buttered and Yorkshire tea sipped without a second thought of the UK's largest grocer. Down the road at Ramus Seafood Emporium, well-dressed customers have fish on their mind, not Sir...
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Tesco accused of tax loophole
Tesco has been accused of sending DVDs and CDs to Switzerland so that customers can avoid paying VAT on goods.According to reports in the Daily Telegraph, Tesco’s internet site Tesco.com ships CDs and DVDs to Switzerland so that they can be...
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Tesco extends IT contract
Tesco has extended its IT contract with outsourcing and technology company Xansa for a further three years.Xansa has worked with Tesco for 18 years and will continue to cover the support and development of Tesco’s applications, together with...
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In Brief: Own-label shines; Mallya buys Scotch; 30-mile credentials
Own-label shines Sainsbury's, Tesco and Morrisons were the biggest winners at The Grocer Own Label Excellence Awards, picking up 13 of the 20 gongs between them. Mallya buys Scotch Indian...
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Asda's 9% growth fastest of big four
Sales growth rates at Asda and Sainsbury's are at their highest levels for three years, according to TNS Worldpanel.Asda's 9% sales growth was the fastest of the big four, closely followed by Sainsbury's and Tesco's, which both grew by...
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In Brief: Asda opens hubs; Energy efficiency; Tesco 'most trusted'
Asda opens hubs
Asda is to open five new local sourcing hubs before the end of the year in Nottingham, Leicestershire, West Midlands, Cornwall and Yorkshire. These will reduce food miles by 1.6 million, the company… -
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Morrisons is green as 'it keeps us in the black'
Retailer green initiatives are 10-a-penny these days. There's Plan A from Marks & Spencer. Tesco has made a £500m green pledge. Now Asda is in a war on packaging, and Sainsbury's has its designer reusable bags.One supermarket conspicuous...
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Plaid Cymru blasts links to Labour
Welsh nationalists have accused Tesco of being too cosy with the government.There were question marks over the "ethics of the relationship" between the chain and Labour, said Plaid Cymru shadow enterprise minister Alun Ffred Jones ahead...
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P&G raps Tesco over grey market petfood
Tesco and P&G are locked in a bitter dispute over the sale of Eukanuba petfood.P&G has told the retailer to stop selling the brand, which it says is designed for sale through petshops and vets' surgeries only.It claims Tesco is...
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Price Survey
While Asda and Tesco have been locked in a wrangle with one another to achieve the lowest prices, Morrisons has come from nowhere and undercut them both with a winning £55.89 basket. Although Morrisons' prices were generally similar to...
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Top-Up shop
Who we visitedlondis Harrogate, North Yorkshireone stop Leatherhead, SurreyScotmid East Calder, West LothianSPAR Cheadle, Greater ManchesterTESCO express Chippenham, WiltshireHow...
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Price Survey - 28th April 2007
After a solid 10 weeks as the cheapest grocery retailer, Asda has been trumped by Tesco. Tesco beat its rival with a basket that was 27p cheaper than Asda's, at £45.05. Almost all the differential was down to the price of cucumbers, Tesco's costing...
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"Esom is a strong candidate, quietly, passionately effective, a bit like Sir Terry Leahy"
No doubt what the biggest story of the week was. Steven Esom's move from Waitrose to Marks & Spencer is a big blow to Bracknell and a major coup for the Oxford Street-based retailer. With his premium/ethical heritage it's a very comfy fit. The...
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'Serial objectors' block Tesco Ireland's stores
Tesco has been stoical to the last in the face of opposition to its expansion plans in the UK. But it seems that over the Irish Sea, things have become a little too much for the retailer.Tesco has vented its frustrations about...
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Proudfoot sells store at heart of Tesco voucher controversy
The owner of a North Yorkshire supermarket at the heart of a famous row with Tesco over predatory pricing is offloading the store to hard discounter Aldi.The Proudfoot Group said it was selling the 14,000 sq ft store in Withernsea...
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a matter of convenience
Tesco is not the only food and drink heavyweight with grand plans across the pond. Greencore - the world's largest sandwich manufacturer and one of Europe's leading convenience food producers - is also intent on empire building in the US and...
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Two-hour delivery slots too long, say shoppers
Tesco and Asda's two-hour delivery time slots could be putting them at a disadvantage compared with their rivals, according to research. Tesco and Asda offer two-hour slots, while Waitrose Deliver, Ocado and Sainsbury's all offer...
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Time to go green (...and yellow)
Morrisons finally got its ecological act together this week and outlined its environmental commitments in its first-ever corporate responsibility report.Until now, it had been letting rivals Tesco, Asda, Sainsbury's and Marks & Spencer...
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Price Survey - 21st April 2007
Asda's low-priced fresh fruit has helped the store become the cheapest retailer for the tenth consecutive week. The £52.95 basket contained pears that were 28p cheaper than its nearest rivals - Sainsbury's and Tesco - and bananas that were 15p less...
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Opinion - "Why is Sainsbury's under pressure to return money to its shareholders while Tesco's appear happy?"
Not bad, the Tesco results, were they? A quick back-of-an-envelope calculation tells me that Tesco's £2.55bn profits in 2006 were almost 10 times the £267m reported by Sainsbury's last year. In fact, at £520m, the increase in Tesco's profits on 2006...